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> Whenever I see posts or leftist commentary saying the stock market only benefits the ultra-rich and wealthy CEOs Nobody has said anything of the sort here.
by subway 8y ago
> Whenever I see posts or leftist commentary saying the stock market only benefits the ultra-rich and wealthy CEOs
Nobody has said anything of the sort here.
- castlecrasher2 8y agoThe article practically opened with it. Did you read it?
- subway 8y agoYeah. Twice now, just to make sure I wasn't missing something. Nowhere is it even remotely implied that the market only benefits the ultra-rich and CEOs.
- mrep 8y agoFifth paragraph (and nodesocket said "rich to stay rich", not just ultra-rich and ceos): Because the wealthiest 10% of U.S. households own 84% of American-held shares, the obsession with maximizing shareholder returns effectively means America’s biggest companies have dedicated themselves to making the rich even richer.
- subway 8y agoThat statement is pointing out the existence of a feedback loop in need of dampening. It's not saying the market needs to go away, or that it only benefits a minority. To imply it's a cry that the game was designed to be rigged is a straw-man.
- castlecrasher2 8y agoGot it, so you're one of those "nowhere does it state precisely what I've typed, so you're wrong. Ignore the statement that is essentially saying the same thing" literalists.
- dang 8y agoPlease don't stoop to personal attack, even when another comment is annoying. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Edit: you've posted uncivilly elsewhere too, e.g. https://news.ycombinator.com/item?id=17766899 https://news.ycombinator.com/item?id=17766899. That's not allowed here, and we eventually ban accounts that do it. If you'd review the guidelines and post civilly and substantively only from now on, we'd appreciate it.