One thing I tell noncoiners now, especially in regards to 401ks, is:
If the savings vehicles of the masses actually beat the debasement rate, then the government money system would collapse. Savings must be stolen from in order to perpetuate the system.
I remember back in the day thinking it odd that the government gets TSPs and we get 401ks lol.
Literally The Great Taking book.
Based. Please be more toxic.
You are on the money. When I started my new job I opted out of the 402k despite its generous match. Instead I put it all in bitcoin. The results are an order of magnitude different.
I don't even bring it up anymore. If you didn't like bitcoin at wtk, you must hate it at 90k. Have fun on bluesky.
Needs a dash more toxic
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It is actually possible for a government to offer a savings vehicle that preserved purchasing power, by just debasing it as fast as or slower than productivity growth. This would split the increased purchasing power between the government/corporate fiat system and the individual saver, typically in favor of the government and its cronies with some left for the saver. The fiat system doesn't have this much restraint however, aside from the approval of your typical broad indices like S&P 500. Additionally, most people still fall for the illusion of money and don't examine how they are either barely keeping up with the price level or getting obliterated by it.
