Henry Ford may have been a prick, but even he had the common sense to realize paying your workers enough to buy your products was mutually beneficial. All this wealth hoarding going on serves nobody but the ultra rich that are simply addicted to watching numbers go up.
This strikes me as a "you will own nothing and be happy" solution. Instead of paying workers a fair wage so they can put something into savings for a rainy day, you will be at the mercy of your employer for support.
This seems to be the trend. In the future, you will have most of your needs at least met, but not through your own means, because you will have no means whatsoever. You will not be able to take care of yourself without your corporation parent. This is a very coercive situation.
The first change made it so employees may save up to $2,500 in after-tax money in a separate account alongside their retirement accounts. Workers would potentially be automatically enrolled in the programs, which would defer the money automatically through payroll deductions.
Read: banks lobby to get money automatically deposited into their specific accounts so they can generate interest from it the employees will never see, and make it more difficult for employees to actually get their money
Ah yes, the time proven effective strategy to get the poor back on board the against-their-own-interests train:
"Unchecked Capitalism will save you from the problems that Unchecked Capitalism directly caused!" 🤣
If that sounds reasonable, here's a solution for climate change: lets double the amount of carbon shit we're pumping into the air. Fuck it, double or nothing!
people will worry so much about this but will elect the same people over and over again to lead based on shirt color
just because they change the shirt to red or blue same clothing factory
maybe younger people from a new political party might be able to help or rioting in the streets or something
I'm very fortunate to finally be able to cover a major expense like that. Nothing like going to the hospital, but if I needed new tires I wouldn't be completely broke.
So not only are employees getting raped by 401Ks and HSAs but a 3rd time with this new Emergency Savings Account. Why the fuck dont they just pay us more?