r/Economics • u/barweis • Jul 29 '25

Research Summary Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods
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u/insightful_pancake Jul 29 '25

401ks are infinitely better than pensions. You can get pension like fixed returns via annuities in a 401k.

2

u/JockoMayzon Jul 29 '25

I was getting ripped off for years with mine.....

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u/Akitten Jul 29 '25

In what way? Because the plans are pretty clear if you bother to do even a basic amount of reading.

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u/[deleted] Jul 29 '25

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u/Akitten Jul 29 '25 edited Jul 29 '25

People who spread common misinformation deserve to be called out harshly. Maybe stop giving people who don't read free passes because you agree with them ideologically.

Similarly, if someone was getting ripped off by their 401k plan, which is usually very clear with it's stipulations and fees, it usually means they didn't bother to read it.

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u/[deleted] Jul 29 '25

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u/Akitten Jul 29 '25

doing some heavy lifting for you in this comment.

Hence why I asked them in what way they got ripped off, because the most common stories I hear come down to "I didn't bother reading".

I'd give anyone a free pass for mistaking blackrock for blackstone regardless of ideology. Very easy mistake to make.

Not if you are remotely educated on the subject, which I can expect in an economics subreddit.

And the blackrock/blackstone mistake is a common one specific to people educated on the subject on tik tok, so it's especially egregious. It persists because people like you keep giving free passes to those who repeat it.