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When I buy a stock or invest in some company, I'm taking a risk. That risk is a type of production - it requires me to think and make decisions. Obviously, I ca
by Randgalt 11y ago
When I buy a stock or invest in some company, I'm taking a risk. That risk is a type of production - it requires me to think and make decisions. Obviously, I can lose in an investment. So, yes, it is a productive activity.
- sp332 11y agoAnd yet, it's much less risky that what everyone else has been doing, since mean and median incomes have declined.
- ArkyBeagle 11y agoThey have not declined. They just have not kept up.
- sp332 11y agoFrom the article: "Average adjusted gross income for filers in the second-highest fifth dropped by about 1 percent.... Adjusted gross income in the second-lowest fifth declined the most, 9 percent".
- ArkyBeagle 11y agoOn an adjusted basis, sure. I was speaking in absolute terms. What's happening is that people are leaving the second quintile. About 1/3 move down, 2/3 move up. The sort of thing people in the second quintile used to do has evaporated.
- ryandrake 11y agoThe same could be said about gambling. Are roulette players "creating wealth"?
- throwbot 11y agoThat exact statement applies to the work of stealing a painting. If you want to defend investment as productive activity, you're going to have to be a little more thorough than that.