8 ms·
Yes, let's take away one of the few remaining tools to grow your wealth available to everyone under the guise of protecting the public. They cut commissions to
by zaptheimpaler 6y ago
Yes, let's take away one of the few remaining tools to grow your wealth available to everyone under the guise of protecting the public.
They cut commissions to 0 industry wide and taught a generation about stock markets and options, which was previously knowledge reserved mostly for wall street.
Imagine if we had access to VC level deals too, like $50k in an early round of doordash that is now worth $80M? Why should we want to go in the opposite direction?
The line between gambling and investing is very very fuzzy. We’ve even seen recent stories of people gaming literal lotteries to tilt the scales towards a win. You cannot ban a tool that one person uses for gambling without also banning others who use that same tool for investing. I’m sorry but I’d rather have those tools than have them taken away because someone else is irresponsible with them.