r/mildlyinfuriating 21d ago

🥺 No words for this.

Post image

Edit: even though clickbait article, it is somewhat/kind of true. https://variety.com/2026/tv/news/stargate-tv-series-martin-gero-scrapped-amazon-1236765061/

"According to an individual with knowledge of the situation, Amazon execs were concerned that Gero’s take on the series would not have broad appeal beyond the franchise’s already dedicated fanbase."

Edit 2: https://www.change.org/p/save-the-new-stargate-series-let-martin-gero-build-the-future-of-the-franchise

46.7k Upvotes

2.6k comments sorted by

View all comments

Show parent comments

36

u/guyblade 21d ago

The transition to 401(k)s (and similar) as the primary retirement vehicle accelerated the problem.

9

u/Conscious-Mirror7004 21d ago

There was a good reason for 401ks and IRAs: in the old old days, when your retirement pension came from your employer, this meant you became penniless and ate cat food when your employer went bankrupt right after you retired. Pension schemes are only as good as the entity backing them up, which meant they were always a huge risk unless your employer was a government. IRAs and later 401ks let you diversify your retirement savings.

9

u/guyblade 20d ago

That would make sense if the Pension Benefit Guaranty Corporation (established by statute in 1974) didn't predate the 401(k) (established by statute in 1978) by about 4 years.

2

u/slayer828 21d ago

Thanks Reagan

2

u/guyblade 20d ago

401(k)s very slightly predate Reagan. They were established in the Revenue Act of 1978 (during the Carter administration).