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Can someone explain this to me, please: Because IPOs democratize wealth creation and create jobs for the 99.9% of Americans who are unlikely to be the next Zuck
by rokhayakebe 13y ago
Can someone explain this to me, please: Because IPOs democratize wealth creation and create jobs for the 99.9% of Americans who are unlikely to be the next Zuckerberg
- _pmf_ 13y ago> Can someone explain this to me, please: Because IPOs democratize wealth creation and create jobs for the 99.9% of Americans who are unlikely to be the next Zuckerberg The author believes that Ponzi schemes are a way to generate lasting wealth, and we are all stupid communists for not seeing this.
- wildgift 13y agoHow can he even say 99.9%? To even invest in these IPOs you need to have not only savings, but have your insurance in order. There are millions without HEALTH INSURANCE, and many without auto insurance. They need subsidized house and fire insurance. And after that, their savings are not that large.
- muzz 13y agoThe purpose is to lay down the false premise that IPOs are largely (solely?) responsible for wealth creation so that if you don't participate you are missing out, and that jobs are created in the process. As if the capital structure of a business caused those results, not the actual goods and services produced by the business.