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For every boomer retiree there's a young person pumping new money into the S&P and social security
by mlcrypto 3y ago
For every boomer retiree there's a young person pumping new money into the S&P and social security
- dghlsakjg 3y agoThat’s not how stocks work outside of daytrading/short term holding. My ownership of a stock is a claim on a portion of a company’s assets and future productive addition to the economy. The stock market is a positive sum game. If I buy a share of ABC Gold mining company, it’s because I expect them to dig some actual gold out of the ground and expanding the economy. They can distribute a dividend to me after then selling that gold. No one has added any money to the stock market, but I am wealthier.
- npoc 3y agoSame applies to bitcoin - no more net value needs to be invested into bitcoin and the USD price will continue to increase at ~7%, which is the rate at which the USD is being devalued through supply inflation over the last 100 years. If I lent my bitcoin to ABC Gold Mining like you have, then I could expect to additionally receive interest on my loan.