The 401k argument for anyone under 50 is stupid because you are so far from pulling from it who really gives a fuck. Also using it as a metric for how well the economy is doing is even dumber. Only about half of people even have an account, and those that do have an account the overall average in that account is like 150,000, yeah living that rich man life when it comes to retirement.
It’s easy to look at the world view when you are on a board full of people that have professional degrees and careers but it’s not the real world. The majority of Americans have no emergency savings, have massive credit card and student loan debts and no retirement accounts. The proposals that people like Sanders and Warren put out would most likely help 80% or more of people especially a large segment that will vote against them be it from misinformation and propaganda or “Christian values”.
What I don’t understand is people like ChrisL or Whatamount that while the economy is working for them now don’t realize its base is crumbling and while you are well off you aren’t well off enough to make it to the floating city in the sky with the billionaires when the climate becomes unsustainable, or hold up on New Zealand while society collapses. I’d rather get taxed some, the billionaire class get fucked and have some short economic pains that make the economy work for more people than be a selfish prick that thinks all’s good because my 401k is up 18%.