I made no such implication. In reference to the financial services retirement business I said: [quote=“dpearl, post:24, topic:37937”]
There are no markets where a company would prefer a single $50 customer to a single $5000 customer.
Do you seriously doubt that statement? Can you name a single instance that says otherwise?
I believe in equal opportunity and equal access. That is also the “ideal” (obviously not the practice) of democratic government. Each person is supposed to count the same.
If you are talking about the toothpaste market then everyone needs about the same amount and private companies make about as much profit from one person as the next. For that market the more the merrier and companies will treat everyone pretty much the same.
If you are talking about financial services - especially retirement offerings, then there is many orders of magnitude more profit to be made from a wealthier person. People are simply not offered the same deals in that market. The poor are treated differently and have only inferior choices. That is partly because of choices made by the “Fidelity’s” of the world but also because of the working situation of the poor where automatic paycheck reductions for retirement are not offered by their employer. Hence the need for the more democratic government option.