Another way Elon Musk is trying to pick our pockets

Pamela, Elon Musk is trying to further rig the rules and is coming for American’s retirement accounts. Right now, millions of Americans rely on low-cost index-funds for their retirement savings. These low-cost investments that simply “buy the market” have been sold as a low-risk strategy to allow diversification. But Elon is trying to break the rules that were put into place after the dot-com bust and the 2008 financial crisis to protect everyday investors by having his trumped-up valuation be sold to unsuspecting buyers before people can learn the full cost of his deception. Join Elizabeth Warren in sending a message to the big index fund providers and sign the petition demanding that these firms not allow Elon Musk to play by a different set of rules. In a recent letter, Senator Warren wrote "The changes to your index rules to accommodate these large companies have the potential to destabilize markets and create significant risks for American investors, especially retirees and other individuals that rely on index funds for their savings." This isn't just about tech stocks. It's about whether billionaire CEOs get to rig the rules that govern our retirement security. Because it’s not just Elon. These changes would mean any major corporation that decides to go public could do the same. The biggest threats right now? Chat GPT and OpenAI. Sign the petition to stop Elon and the billionaire takeover of millions of Americans retirement accounts now. Progress America Paid for by Progress America, a project of Strategy & Hustle   Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Progress America, please click here.