2016 Postmortem
In reply to the discussion: Show me the large group of working millennials looking to pay much higher taxes for [View all]ljm2002
(10,751 posts)...I remember when 401Ks were the New New Thing. From where I sit now, it seems like that was the first wave of trying to privatize everything including our futures. And they knew they would be able to make exactly this argument later -- "Well you yourself are invested in the market, so you better listen up and support anything that supports 'the market' (as defined by us)".
It's a calculated effort to convince the Little People that they, too, have the proverbial "skin in the game". It's a way to stop people from thinking critically and just get in line.
Only it isn't working as well anymore, since so many people are being so screwn by the system that they are starting to speak up even if it appears to be against their own interests. They are starting to see that the gains they realize in their 401Ks aren't enough to make up for the massive inequality that continues apace, for the lack of basic services that all other modern developed countries to their citizens, for the militarized police and for the overall coarse, divisive and mean culture we are currently living in.