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> Like what asset could non-investment savvy people move their increasingly worthless savings into otherwise? Investing in businesses bringing jobs and prosper
by carlosjobim 1y ago
> Like what asset could non-investment savvy people move their increasingly worthless savings into otherwise?
Investing in businesses bringing jobs and prosperity to their community, their people, their nation.
Or investing in their children to help them start out in life and not live as serfs.
But no, better to lock up all the money into non-producing assets and completely destroy the economy, progress and the birth rate.
There's a reason why during most of history, your welfare in age depended on your children or extending that to your community. Any other system simply eradicates the people participating in it, as we see right now with rapidly diminishing younger generations, to the benefit of the olds.
- whywhywhywhy 1y agoStrange to be arguing for investing in children but against owning the roof over their heads, thus building community and stability. I don't see why people would be interested in investing in community businesses when I can't even guarantee I can live in that community long enough to see a benefit because I'm at the whim of the land owner and might have to just move somewhere else because I can't own anything.
- carlosjobim 1y agoBuying a house to put a roof over your head is not investing. Just like buying a bottle of water to quench your thirst is not investing.
- whywhywhywhy 1y agoIf it’s not investing why is my net worth rising after buying a house. Analogy is nonsense because you can’t sell the full bottle of water to someone else after drinking it.
- carlosjobim 1y ago> If it’s not investing why is my net worth rising after buying a house. Because of inflation. Your house is not producing any goods or services, as opposed to investments into the capitalist economy or taxes to the socialist economy.
- whywhywhywhy 1y agoActually the neighborhood got gentrified.