Trump opens the door for private equity and crypto as 401(k) retirement plan options

[Prairie Gates]

18. They destroy defined benefits (pensions) in favor of defined contributions (401Ks)

NEXT UP: Then they open up the 401K to the riskiest nonsense imaginable. Then they privatize Social Security and fold it into the risky 401K systems. Next, being "in crypto" in your 401k or 403b plan won't be optional but part of the standard "package."

Never mind that every aspect of what they're removing from the system was meant to mitigate risk so that we don't have tens of millions of seniors with zero assets and no ability to work.

It's really shocking that many of the working class MAGAs aren't up in arms about these Finance Bro friendly policies. Why are these fucking clowns nostalgic for everything other than unions and pensions, which were really some of the only good things for workers of the post-war settlement. They're nostalgic for "trad wives" but not defined benefits plans? Morons.