3 ms·

The capital of those 3500 might be. The P/E Ratio of the S&P 500 is at a historic high level. Interpreted another way, there rarely is a better time to create

The capital of those 3500 might be. The P/E Ratio of the S&P 500 is at a historic high level. Interpreted another way, there rarely is a better time to create a profitable business -- You can get paid $30ish dollars per annual dollar of profit you create. On the flip side, it's never been so expensive to be an investor of capital. In order to get a return you have to wait 30 years (or 10 if you take growth rates into account), just to see your initial investment. An expensive stock market makes current consumption more rational for investors.

micromacrofoot 18d ago
that capital might also be doing a lot more if not bottlenecked by the 0.000001% of the population controlling it but let's not pretend that "right" has anything to do with it... that's like the scale of a single bacterium doing the right thing to turn itself into a school bus
piva00 17d ago
> The P/E Ratio of the S&P 500 is at a historic high level. Interpreted another way, there rarely is a better time to create a profitable business -- You can get paid $30ish dollars per annual dollar of profit you create. While in reality, where you take into account the statistics of business success vs failures, this is one of the riskiest things a person can do if you don't have any access to a safety net in the very likely scenario your business will fail. A business can fail for many reasons completely out of control from an individual's agency, a person who needs to provide for a family might not have the risk appetite for plunging their families' lives into that, it's impossible for everyone in a society to become a successful business owner. You are advocating for an impossible situation, and by negating that a majority of society won't have the means to access the successful-business-owner class while gatekeeping the fruits a society collectively built to only that class you are being inherently unjust. No successful business can exist in a vacuum, the better educated a society is the better chances a business owner can find skilled people to build successful products, the better chances there are for these workers to innovate, and create a disproportionate return to investments. You completely left out that these business are only possible because of the society that supports them, it's an extremely extractivist mindset which I deeply challenge you to think deeper about...
- maerF0x0 17d ago
  SNAP, medicaid, foodbanks... plus don't risk what you cant afford to lose, beyond your own time. I'm not saying go take $100K loan and buy a warehouse of t-shirts hoping they sell. I'm saying use your time to create products and services which you sell and keep 100% of your delivered value (assuming you price well), rather than sharing the profit margin with your bosses hierarchy. From there you can begin to employ others, potentially simultaneously funding others' escape from the rat race too.
  - piva00 17d ago
    Sure, what kind of business should a person who has US$ 5k in total liquid savings can start that they can keep 100% of the delivered value? This person is a father of two, works two jobs at odd shifts but has to refuse some shifts because his wife also works part-time, 1-2 days a week he has to take care of the kids. Childcare is expensive and they can't afford it, they get some help from friends and family sometimes but can't rely on it. Give me your best business idea that is worth the risk of time and money invested for this family.

micromacrofoot 18d ago

that capital might also be doing a lot more if not bottlenecked by the 0.000001% of the population controlling it but let's not pretend that "right" has anything to do with it... that's like the scale of a single bacterium doing the right thing to turn itself into a school bus

piva00 17d ago

> The P/E Ratio of the S&P 500 is at a historic high level. Interpreted another way, there rarely is a better time to create a profitable business -- You can get paid $30ish dollars per annual dollar of profit you create. While in reality, where you take into account the statistics of business success vs failures, this is one of the riskiest things a person can do if you don't have any access to a safety net in the very likely scenario your business will fail. A business can fail for many reasons completely out of control from an individual's agency, a person who needs to provide for a family might not have the risk appetite for plunging their families' lives into that, it's impossible for everyone in a society to become a successful business owner. You are advocating for an impossible situation, and by negating that a majority of society won't have the means to access the successful-business-owner class while gatekeeping the fruits a society collectively built to only that class you are being inherently unjust. No successful business can exist in a vacuum, the better educated a society is the better chances a business owner can find skilled people to build successful products, the better chances there are for these workers to innovate, and create a disproportionate return to investments. You completely left out that these business are only possible because of the society that supports them, it's an extremely extractivist mindset which I deeply challenge you to think deeper about...

maerF0x0 17d ago
SNAP, medicaid, foodbanks... plus don't risk what you cant afford to lose, beyond your own time. I'm not saying go take $100K loan and buy a warehouse of t-shirts hoping they sell. I'm saying use your time to create products and services which you sell and keep 100% of your delivered value (assuming you price well), rather than sharing the profit margin with your bosses hierarchy. From there you can begin to employ others, potentially simultaneously funding others' escape from the rat race too.
- piva00 17d ago
  Sure, what kind of business should a person who has US$ 5k in total liquid savings can start that they can keep 100% of the delivered value? This person is a father of two, works two jobs at odd shifts but has to refuse some shifts because his wife also works part-time, 1-2 days a week he has to take care of the kids. Childcare is expensive and they can't afford it, they get some help from friends and family sometimes but can't rely on it. Give me your best business idea that is worth the risk of time and money invested for this family.