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Yep. The returns on capital is much higher than the return on labor. On net, more people trading is reducing income inequality.
by bigpumpkin 6y ago
Yep. The returns on capital is much higher than the return on labor. On net, more people trading is reducing income inequality.
- klmadfejno 6y agoThis sentence doesn't make any sense. Return on capital is a percentage, and one that doesn't even translate to something comparable to a return on labor. More people trading reduces the rate of inequality expansion, if people go into the market generally. More people playing dumb games with huge risk is only going to increase inequality.
- gabereiser 6y agoExactly. Just because more people are at the craps table doesn't improve your odds or give you a chance against the casino.