feddit.org

1 point

7 days ago

And i would never befriend someone that would.

My problem here: many of us are friends with one of the other person that thinks investing money in the stock market is a good idea and taxes for the rich is bad. Those people are already forcing others to pay to get out of a trap, they just have a few middle men.

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ieatpillowtags@lemm.ee

2 points

6 days ago

I mean, we still live in this mess, so investing your money in the stock market is in fact a good idea. We should obviously tax the rich.

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0 points

5 days ago

No, investing in stocks is a mix of lottery (fair but zero sum) and theft by exploitation of workers, resources & environment.

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ieatpillowtags@lemm.ee

0 points

5 days ago

No, the entire system is built on exploitation of workers. As a worker in the system, I’m talking about how to scrape a life out the best you can.

It’s objectively better to put your money that you want you save and possibly grow in an index fund, if you live in the us.

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1 point

5 days ago

It is impossible for money to create added value. Inflation adjusted gains in investments are entirely made up by losses of other people and/or wage theft. The oligarchies around the world have lobbied their way into politically mandated investment funds for private pension insurance, thereby ensuring us workers as accomplices in this scam, while they hope we don’t notice that for the breadcrumbs we may earn, we protect their interests - e.g. opposing capital gains taxes.

Investments are theft. And stock traders / investment bankers are thieves who steal from the poor and give to the rich, taking a good margin for themselves. Parasites to mankind.

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ieatpillowtags@lemm.ee

1 point

5 days ago

That’s just not logical man, because first of all it’s the entire basis of the banking system. Money creates money, and your investment in the stock market is essentially similar to a loan offered by a bank. The money you spent buying the stock allows the company to invest more in the business, and you get increased stock value for your trouble.

Maybe you want to be more specific about what you mean by “value”, but it was valuable for me to be able to buy a house without having to pay for it all up front, for example.

You even acknowledge that we workers are forced to be accomplices in this scam, chasing our breadcrumbs. Why would you denigrate those who participate in the system because we have literally no other choice? What is your point? Should I boycott the stock market in the hopes that some oligarch notices?

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1 point

5 days ago

I am not denigrating people being forced to participate, but theft is theft. You swallowed the investment fairy tale hook line and sinker.

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