A push to hand government power and money to private tech firms is bad news for privacy and retirement savers, and a windfall for Elon Musk and Wall Street.

• The White House wants to let vetted private companies launch cyber attacks on criminal networks — legalized hacking called "privateering," with Musk and others chasing the contracts.
• License-plate camera company Flock is facing a backlash and lawsuits after wrongful arrests and deputies caught stalking people, so over 20 cities are canceling contracts.
• Trump wants to let Americans put 401(k) and IRA money into crypto, hedge funds, and private equity — pushing retirement savings into far riskier bets.
• That $30 trillion retirement pot is the real draw for Wall Street, which sees huge fees; carpenters in Washington already lost $250 million when risky funds blew up.
• Anthropic is chasing a $2 trillion valuation while the government struggles to sell bonds, a sign money is drying up.

Outlook: Expect more privatized security, surveillance, and pressure to move retirement cash into high-risk assets in the months ahead.