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Aella_Girl's profile
Aella
Aella
Aella
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@Aella_Girl

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AellaVerified account

@Aella_Girl

whorelord http://aella.hns.to 

Austin
knowingless.com
Joined September 2012

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    1. Aella‏Verified account @Aella_Girl 27 Dec 2019

      "trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?

      335 replies 15 retweets 362 likes
    2. Cory‏ @CoryStoker 27 Dec 2019
      Replying to @Aella_Girl

      You're missing that they are literally sitting on it about 80% of the time. Deep dive into the Panama Papers.

      4 replies 0 retweets 110 likes
      Aella‏Verified account @Aella_Girl 27 Dec 2019
      Replying to @CoryStoker

      But that just seems retarded to me. Sitting on money is so dumb I have trouble believing rich people with access to the best financial advisors would do that. Unless the tax burden is discouraging them from reinvesting into the economy?

      3:54 PM - 27 Dec 2019
      • 45 Likes
      • Jackwise Gamgee bmt Barbarus Americanus Bryce Rick Falkvinge sarel van deventer Mr. B 🇺🇸 🇮🇹 Leonardo Nunes
      28 replies 0 retweets 45 likes
        1. New conversation
        2. Cory‏ @CoryStoker 27 Dec 2019
          Replying to @Aella_Girl

          If anyone has ever given a good explanation of why I would definitely be intrested. All I know is that, yeah, most of it is hoarded. The "why" would be much more interesting to know than the "what" and the "how."

          3 replies 0 retweets 0 likes
        3. Aella‏Verified account @Aella_Girl 27 Dec 2019
          Replying to @CoryStoker

          I absolutely don't think most of it is hoarded. That sounds like an insane myth to me. I'm not even rich and I have my savings invested because if I didn't id be losing money to inflation. No way rich people are just letting their money get eaten by inflation

          6 replies 0 retweets 6 likes
        4. Show replies
        1. New conversation
        2. Will Rosecrans‏ @forkazoo 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          "Sitting" on money doesn't mean getting no return. High Frequency Trading adds no real liquidity to the market, doesn't substantively invest in companies operations, and makes shit tons of money. It's almost a lucrative private tax orchestrated against real investors.

          4 replies 1 retweet 95 likes
        3. Aella‏Verified account @Aella_Girl 27 Dec 2019
          Replying to @forkazoo @CoryStoker

          Ok this seems like a real answer, or at least I don't know enough about this. Do you have a link you recommend to learn more?

          6 replies 0 retweets 25 likes
        4. Show replies
        1. Floidberg‏ @floidberg 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          risk and loss aversion are extremely powerful psychological effects

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Mike‏ @Mlky_Mike 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          I’m pretty sure it’s not even possible to “sit on it”. If you put your money in the bank it’s automatically getting invested for you. You would literally have to get all your money in cash and cram it under your mattress in order to “sit on it”.

          1 reply 0 retweets 1 like
        3. Vidivici Veni  🏴‏ @SteveLolyouwish 27 Dec 2019
          Replying to @Mlky_Mike @Aella_Girl @CoryStoker

          Even if 'the rich' did 'sit on it' (spoiler: THEY DON'T), put under mattress, etc... this'd make them particularly charitable. Not only are they not consuming that wealth, it means they've been working *for free*. Plus, it reduces aggregate demand, meaning lower prices for poor!

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. Adam‏ @adamjog 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          "sitting on" can be strategic, and useful also. You can outperform the stock market by waiting to invest until things become cheap. We ought to be grateful for people who sit on money when things are overpriced, as they are protecting the inheritance of the future

          0 replies 0 retweets 1 like
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        1. Blake Scott Ball‏ @bsb1945 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          No they aren't just sitting on money. Otherwise they'd be losing inflation year over year. Contrary to popular belief, people who make money look for ways to make their money make more money. And those who inherit wealth either learn to grow it or lose it over generations.

          0 replies 0 retweets 1 like
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        1. BertoAllen‏ @ObbytheObserver 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          They really don't have as much to worry about as you say. They are individuals, and they want to never worry about anything ever again. So they get as much wealth as possible to dodge these systems, and keep the unlimited wealth for the rest of their finite lives.

          0 replies 0 retweets 0 likes
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