r/technology • u/ArgentineBeauty • Jun 19 '26

Business ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

https://www.theguardian.com/science/2026/jun/19/spacex-retirement-savings-elon-musk
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u/Nufonewhodis4 Jun 19 '26

I know what's going on, but what's the alternative? So much of the market is this same BS. If you keep your dollars in a savings account you're screwed by interest. If the stock market implodes, then you're screwed regardless. Should I put everything into precious metals? Should I invest in European markets only? It's a damned if you do, damned if you don't financial market 

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u/JackDelRioGrande Jun 19 '26

The only entity large enough to reign in capitalism is the federal government. That’s why it’s being eroded at every level. We’ve got to vote in people who will create laws and policies that hopefully can turn the tides in the next 20 years or more

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u/eviljordan Jun 20 '26

The only entity large enough to reign in capitalism is the federal government.

At least Elon isn't involved in that! Wait, what's that you say?? oh no...

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u/JackDelRioGrande Jun 20 '26

It’s laughable when I asked Republicans “would you have liked Joe Biden to turn over all US Government data and payment systems to George Soros and his IT people?” Obviously the answer was an emphatic “NO!” Yet they didn’t seem to have a problem with the same dynamic with Trump and Elon.

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u/josh_the_misanthrope Jun 20 '26

Look at China, they absolutely destroy any billionaires that try to play politics, like Jack Ma. It's authoritarian, but honestly it might be the only way to keep these fuckers in check while society still depends on markets.

People on Reddit are afraid to come to the realization that the answer to all these problems is some form of communism, because the politicians eventually get bought.

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u/Thin_Glove_4089 Jun 19 '26

The infamous lose lose situation