Rep. Alexandria Ocasio-Cortez argued in a tweet on Saturday that a record high for the Dow Jones industrial average underlined the problem of stagnant U.S. wages and the wealth gap between investors and salaried workers.
Hans Faulkenstein: "With Social Security projected to run out of funds in the coming years" What's to stop Medicare-4-All from running out of money? "It also lays out a plan to “supplement” lower-income retirement options by creating a public savings option with automatic contributions for all income earners" What is optional about automatic contributions? Sounds like we have no choice. "His plan for public retirement plans, which aren’t in existence yet, would aim to simplify existing options via a government-run option with a required employer match." Another cost to business that'll ultimately be at the expense of workers, shoppers, and shareholders. "Another facet of his retirement plan is encouraging employees to roll over all their retirement accounts into this public 401(k) option." So, roll all my money over into a government account? Yeah I do not think so.