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Message

re: Europe- “you’ll own nothing and be happy”

Posted on 8/31/26 at 4:05 pm to
Posted by Diamondawg
Mississippi
Member since Oct 2006
39548 posts
Posted on 8/31/26 at 4:05 pm to
She gave away as much money as she has for the betterment of business. She should have already done it as a good gesture.
Posted by JimEverett
Member since May 2020
2633 posts
Posted on 8/31/26 at 4:06 pm to
quote:

Not shocking, this isn't as bad as the OP's post makes it


What I hear her saying is that Europe needs a robust 401k/IRA style system. There is too much money sitting in low interest savings accounts and governments need to create vehicles that are attractive to savers. These will be regulated, presumably like our ERISA-qualified regulatory framework.
Posted by Tigersforthee
Member since Dec 2025
184 posts
Posted on 8/31/26 at 4:07 pm to
Its none of this unelected POSs business what EU citizens do with their savings.
Posted by SundayFunday
Member since Sep 2011
10527 posts
Posted on 8/31/26 at 4:08 pm to
Wow.. they're really just blatantly going ahead with it arent they.


They must feel like they've gotten enough control of the population to openly say this.


The citizens of the EU really need to violently revolt soon
Posted by i am dan
NC
Member since Aug 2011
32522 posts
Posted on 8/31/26 at 4:11 pm to
Dont trust politicians in Europe.
This post was edited on 8/31/26 at 4:16 pm
Posted by ronricks
Member since Mar 2021
13391 posts
Posted on 8/31/26 at 4:13 pm to
That’s not what she said

Quit posting rage bait bullshite from Twitter on here.
Posted by geoag58
Member since Nov 2011
2399 posts
Posted on 8/31/26 at 4:14 pm to
quote:

While I don't really agree, this isn't about taking savings for public uses. It's about basically creating a better ROI than savings by securitizing them to invest in private businesses to increase returns.



You sir are a closet collectivist if you don't adamantly oppose this.

Can they opt out if they don't want to have the government directing the type of accounts they can hold?
Posted by WylieTiger
Member since Nov 2006
14813 posts
Posted on 8/31/26 at 4:14 pm to
HOLY frick!!!

Volunteer your account(s) as the guinea pig.
Posted by SundayFunday
Member since Sep 2011
10527 posts
Posted on 8/31/26 at 4:14 pm to
quote:

In Brussels they are counting on redirecting the private savings of Europeans toward patching holes in their own economy. The head of the European Commission, Ursula von der Leyen, publicly called the bank deposits of EU residents “lazy.” But the commission found an interesting proposal to put the people’s accumulations at risk.

Ursula von der Leyen, President of the European Commission:

“In Europe there are savings. Unfortunately, these savings are idle. €10 trillion of household savings at present remain on bank deposits. And a significant part of European savings is invested outside our continent. Europe must now make these savings work for the good of its business. We have put forward proposals on securitization, investments of banks and insurance companies, and also on the integration of our markets and their supervision. Together they can unlock up to €470 billion of additional investments.”


It doesnt change what OP said but just provides more detail you silly billy

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481541 posts
Posted on 8/31/26 at 4:17 pm to
quote:

What I hear her saying is that Europe needs a robust 401k/IRA style system. There is too much money sitting in low interest savings accounts and governments need to create vehicles that are attractive to savers. These will be regulated, presumably like our ERISA-qualified regulatory framework.


Correct, but framing it like this won't engage the emotional centers of a certain demographic on here.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481541 posts
Posted on 8/31/26 at 4:18 pm to
quote:

HOLY frick!!!

Volunteer your account(s) as the guinea pig.


quote:

While I don't really agree
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481541 posts
Posted on 8/31/26 at 4:19 pm to
quote:

You sir are a closet collectivist if you don't adamantly oppose this.


Posted by BoarEd
The Hills
Member since Oct 2015
41815 posts
Posted on 8/31/26 at 4:19 pm to
So taking people's savings accounts and giving them to companies. This sounds like some of that fascism the left is always bitching about. Except, for real.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
77281 posts
Posted on 8/31/26 at 4:19 pm to
quote:

It's about basically creating a better ROI than savings by securitizing them to invest in private businesses


I'm shocked you don't understand this part or convey its gravity.





quote:

this isn't as bad as the OP's post makes it


Posted by bgtiger
SOLA
Member since Dec 2004
12275 posts
Posted on 8/31/26 at 4:21 pm to
Thou shall not steal
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481541 posts
Posted on 8/31/26 at 4:23 pm to
quote:

Thou shall not steal


I don't think the ownership will change.

The underlying type of the asset class will change, though.
This post was edited on 8/31/26 at 4:25 pm
Posted by geoag58
Member since Nov 2011
2399 posts
Posted on 8/31/26 at 4:24 pm to
This time they will get it right. Right?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481541 posts
Posted on 8/31/26 at 4:26 pm to
quote:

So taking people's savings accounts and giving them to companies. T


"Giving them to companies"?

Is that how you see your investments? Just giving money to companies?
Posted by Mo Jeaux
Member since Aug 2008
64750 posts
Posted on 8/31/26 at 4:26 pm to
quote:

So taking people's savings accounts and giving them to companies. This sounds like some of that fascism the left is always bitching about. Except, for real.


They’re not forcing people to make any investments. Good lord.
Posted by Mo Jeaux
Member since Aug 2008
64750 posts
Posted on 8/31/26 at 4:29 pm to
quote:

I'm shocked you don't understand this part or convey its gravity.


What is the gravity?
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