Everyone in this thread suggesting a “data leak” or “compromise” is totally missing the fact that this is how Apollo works. This is often times overlooked by Apollo customers themselves. You have to opt out of customer data sharing (and in doing so lose out on the value of the product): https://knowledge.apollo.io/hc/en-us/articles/20727684184589...
Not commenting on whether this is good or ethical (or even totally legal), but this is what is happening behind the scenes.
> The purpose of tax advantaged retirement accounts is to reduce the number of destitute people in retirement. It achieves this goal by providing a tax incentive on regular investment for people who would not otherwise invest.
The purpose of tax advantage retirement accounts when originally introduced by ERISA was to give employees of private companies a safety net in cases where their pension defaulted or when a pension wasn't offered in the first place. There's really no mention of it being specifically for people who are destitute or would not otherwise invest. Traditional IRAs are available for everyone, even high earners, no gatekeeping.
> Pay the capital gains and enjoy your wealth.
Traditional IRAs are taxed on withdrawal and function much like other investments.
Here's the problem with doing this in the US: if you're out of a job, you're out of health insurance. If your whole family is on your health insurance plan, you'll never accept a project-based gig that might not become full time. So with this approach, you're filtering out a new and different subset of the applicant pool before they even interview.
Not commenting on whether this is good or ethical (or even totally legal), but this is what is happening behind the scenes.