

Have also been out of the loop too but went through the know your meme page.
Pirate Software made a video a year ago criticizing the initiative on a very surface level and has continued to do so in streams. Guy who created/sponsored/however-that-works the initiative posted a counter-argument video talking about what the initiative would actually do. Pirate Software did the ol’ Internet Doubledown and in general was kind of an ass and kind of revealed some ignorance. Cue Youtube Drama.
You’d need to rollback the last 70 years of pensions being replaced by 401k plans and/or limit responsibility to the brokers. If you hire a licensed plumber that ends up flooding your neighbor’s place, the plumber is the one getting sued.
It would probably also be good to restructure retirement incentives away from the stock market, but that’s not going to happen overnight either.