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It takes 2 to tango. People back in the days had to be forced to buy govt bonds, nowadays they are the ones outbidding each other for the privilege. Back in t
by JumpinJack_Cash 3y ago
It takes 2 to tango.
People back in the days had to be forced to buy govt bonds, nowadays they are the ones outbidding each other for the privilege.
Back in the days people would bet on themselves, we should go back to do that, even if it’s more volatile and more risky than govt bonds , it feels better and there is a reason for it, when you invest in US Govt bonds you are essentially admitting to yourself that you are a scared pussy
- TrinaryWorksToo 3y ago"Scared pussies" survive, but don't do anything. What we need is a good social safety net so people are confident that when they take a risk and fail, it doesn't mean their life ends.
- postalrat 3y agoMaybe you've been conditioned to think your life will end. It won't.
- TrinaryWorksToo 3y agoDepends on your situation. If you have family and friends maybe, but lots of people don't survive and you don't see them. Healthcare, housing, food, etc. is mostly tied to employment or lots of money. People don't have time or energy to figure out any alternatives if they exist, and face eviction and starvation if they don't, which is a whole new world of not being able to survive. We see lots of drug abuse, theft, suicide, and similar things precisely because there is no safety net.
- postalrat 3y agoHow many people are abusing drugs, stealing, killing themselves, homeless, etc after taking a risk and failing? It's probably pretty rare.
- TrinaryWorksToo 3y agoLook, I don't have the capacity to precisely answer your question. But if it is rare that people are failing through the cracks after taking a risk that's all the more reason to do it. It should be cheap.
- JumpinJack_Cash 3y agoThe safety net exists! It's called moving to the developing world where everything is cheap.
- TrinaryWorksToo 3y agoOh sure, like you can just do that if you're out of money. (/sarcasm) It costs money and time to get a passport, fly out, have a destination that will accept you, figure out security for yourself, etc. Plus, you're making it harder for the existing people there to keep prices low.
- Guvante 3y agoIf you have a bunch of money lying around, sure. But most people are pretty decently in debt or at best just outright poor when they run into issues like that.