8 ms·

Cruelty without end. Billions are made off crashes, like the one in '08, that sink people into poverty exactly when they can't afford it. Billions more are made

by courtf 5y ago

Cruelty without end. Billions are made off crashes, like the one in '08, that sink people into poverty exactly when they can't afford it. Billions more are made off their continued labor. But if one of these grandmas picked up a gun and shot someone on wall street, they'd be hauled away in an instant. Law and order.

papito 5y ago
That's what Law and Order means. What you really want is the Rule of Law, but that's something the upper echelons don't like much.
missedthecue 5y ago
Billions are lost in crashes as well... There are a number of billionaires and hundred-millionaires who were undone in 2008. It's not like they all got richer and everyone else got poorer.
- courtf 5y ago
  Something tells me they won't be spending their twilight years working the fields, but I suppose there's always a convenient counterexample or two out there to latch onto if you're looking for ways to ignore the broad trends.
  - missedthecue 5y ago
    All you're really saying is that the stock market is higher than it was in 2008. It's a true statement, but I don't feel that it's very insightful.
    - courtf 5y ago
      Huh? No, I'm saying that a billionaire may have lost all their investments, but chances are they will never be so poor as to become one of the traveling poor when they are old. The crash in 2008 didn't just wipe out investments, tons of poor Americans had no investments anyway. The crash took out people's livelihoods, their jobs and homes. And without health insurance, they tend to ignore health problems that gradually become more expensive problems that can also wipe them out. They are too poor and too old to recover from these types of loss, and the government benefits they are entitled are not enough to keep them homed and healthy. The rich who lost money in the stock market will never in their lives have to consider these issues, and frankly I'm shocked at how often this stuff seems to fly over the heads of people on this website.

by courtf 5y ago

papito 5y ago

That's what Law and Order means. What you really want is the Rule of Law, but that's something the upper echelons don't like much.

missedthecue 5y ago

Billions are lost in crashes as well... There are a number of billionaires and hundred-millionaires who were undone in 2008. It's not like they all got richer and everyone else got poorer.

courtf 5y ago
Something tells me they won't be spending their twilight years working the fields, but I suppose there's always a convenient counterexample or two out there to latch onto if you're looking for ways to ignore the broad trends.
- missedthecue 5y ago
  All you're really saying is that the stock market is higher than it was in 2008. It's a true statement, but I don't feel that it's very insightful.
  - courtf 5y ago
    Huh? No, I'm saying that a billionaire may have lost all their investments, but chances are they will never be so poor as to become one of the traveling poor when they are old. The crash in 2008 didn't just wipe out investments, tons of poor Americans had no investments anyway. The crash took out people's livelihoods, their jobs and homes. And without health insurance, they tend to ignore health problems that gradually become more expensive problems that can also wipe them out. They are too poor and too old to recover from these types of loss, and the government benefits they are entitled are not enough to keep them homed and healthy. The rich who lost money in the stock market will never in their lives have to consider these issues, and frankly I'm shocked at how often this stuff seems to fly over the heads of people on this website.