5 ms·
> That's your strawman. If it's a strawman than your original statement was a non-sequitur, as I cover below. > Of course. But they are also seeing far more b
by kbenson 4y ago
> That's your strawman.
If it's a strawman than your original statement was a non-sequitur, as I cover below.
> Of course. But they are also seeing far more benefit than not investing.
I believe your statement was that people can invest in the stock of these companies that would theoretically be getting most the profit to get "your share" of the profits, as opposed to it being slurped up by the wealthy.
This isn't about benefiting in some small way, it's about the benefit not ending up disproportionately in the hands of those that already have it. That was the context in which your statement of how you can just buy stock to get your share was made, because that's what this thread of the conversation was about.
> Remember that Gamestop stock craze a year ago? Many people playing that game were very low income people, including kids. Somehow they did have money to invest, when they thought it was worthwhile.
You mean the bunches of young people that took out loans to invest, or took their saving from living at home with their parents that they could have used to actually become independent? Is that what we're encouraging now? Because that was my take on that situation. A bunch of desperate people taking a risky gamble that happened to pay off, at least for some.
- WalterBright 4y ago> disproportionately You get the benefits in exact proportion to how much you invest in it. > You mean the Yes. And if they used the money unwisely, they're responsible for the results. The point is, they got the money, and were able to invest it. The same thing happens to wealthier people - if they invest the money unwisely, they lose it.
- ClumsyPilot 4y ago> You get the benefits in exact proportion to how much you invest in it. So if you started off poor, you have nothing to invest and you will be poor forever. Nice. Are you even arguing in good faith? Do you think this encourages hard work? You know what you are encouraging? Crime. Or a revolt. Because thats what people do when they realise that playing fair won't let them get ahead.