If I'm employed by Acme Corp, and have a 401k in index funds, but get laid off a... | Hacker News

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		missedthecue on July 25, 2024 \| parent \| context \| favorite \| on: Every company should be owned by its employees If I'm employed by Acme Corp, and have a 401k in index funds, but get laid off after the company goes bankrupt, I lose my income, but not my wealth. On the other hand, if my wealth is in Acme Corp and they go bankrupt, I lose my wealth and my income. The first model is less risky, yet profitable enough to be worth it. And everyone can still own the means of production.

whoknowsidont on July 26, 2024 [–]

You've not only missed the point, but additionally nothing is stopping you from investing your wealth elsewhere.

I don't understand how your scenario is applicable; it's definitely constructed.

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