RvTV95XBeoWealthiest 10% of US Households Responsible for 40% of Greenhouse Gas Emissions: Study
Do your part and recycle your plastics, peasants!
Flies away in private jet
A valid critique, but also worth mentioning, as discussed in the article, much of the GHG emissions for the top 10% (which includes households down to ~$200k) comes from passive income.
Friendly reminder to check who you bank with and what’s in your 401k if you find yourself in that group.
bob_wileyHuh? How is my 401k being counted toward my CO2 emissions? That makes 0 sense.
RustedSwitchHaving not read the article, I would wager a guess that because 401k funds are invested in diverse funds, if the fund composition is includes corporations contributing to emissions… and you are making money off their profitability… you are therefore contributing to those emissions. Pick other things to invest in.
But that’s not how it works. People buying the goods and services from those companies are the reason for the emissions, not someone that throws some money into the S&P.
I could own BP stock, but drive an electric car. If I sell my stock, there is 0 change to the emissions of BP.
It seems like they are grasping at straws for more ways to attack those with money, and at this point, not even a lot of money, as most companies offer a 401k. The last thing we should be doing is discouraging people from using those, as they will just be screwing their future self, especially if they have a company match.
401k’s were the scam to begin with.
A 401k is simply an example that most people are aware of. It is really irrelevant as we could be talking about IRAs, investing your HSA, or even your basic taxable brokerage account.
Well 401k’s specifically replaced Pensions that were a much better bet for workers and required companies to fund them etc. Now all those other things exist so that people rich enough to leverage them all can minimize their tax burden.
Lol, as if pension funds never go insolvent and companies never played games reducing benefits (or other shenanigans so they don’t have to pay out).
At least with a 401k they can’t take the money back once it is deposited.
Pensions did go insolvent and laws were changed so that companies could include their pension fund as assets and leverage against them, also other companies could come and buy the fund and then claim that since they don’t offer a pension to their employees none of those pension protections applied.
Those situations could have been resolved in a way that was pro-worker, instead pensions were dissolved and all workers are encouraged to tithe to wall street since that is the “right way” to do things in our shitty society.