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Aella_Girl's profile
Aella
Aella
Aella
Verified account
@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 361 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
    3. 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?

      28 replies 0 retweets 45 likes
    4. 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
    5. 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
    6. Will Rosecrans‏ @forkazoo 27 Dec 2019
      Replying to @Aella_Girl @CoryStoker

      There are a bunch of books about what happened at Enron that are a pretty good reference about making money by "appearing" to have a business and just moving things around. Enron only collapsed because they overreached, and crossed some stupid lines.

      2 replies 0 retweets 17 likes
      Aella‏Verified account @Aella_Girl 27 Dec 2019
      Replying to @forkazoo @CoryStoker

      Ok yeah but Enron seems like a different thing? Like the issues there don't seem inherent to having a lot of wealth

      4:13 PM - 27 Dec 2019
      • 11 Likes
      • Randall McCarley Rob Chang ₿ ☢️ Cruz Esparza Drew S Ben Shaver grokgabish Michael Willis foo
      4 replies 0 retweets 11 likes
        1. New conversation
        2. Will Rosecrans‏ @forkazoo 27 Dec 2019
          Replying to @Aella_Girl @CoryStoker

          The mechanisms of Enron making paper money without doing any useful service are informative. They make a strong analogy for any more recent 'investments' that the very wealthy use their tax handouts for.

          1 reply 0 retweets 6 likes
        3. foo‏ @Quuux 27 Dec 2019
          Replying to @forkazoo @Aella_Girl @CoryStoker

          OK; but that's mostly "making money out of thin air by wiggling at the right time and playing the system". The original question was: why should capital be inert, instead of getting invested and used?

          0 replies 0 retweets 1 like
        4. End of conversation
        1. Stephan W‏ @Saporaku 27 Dec 2019
          Replying to @Aella_Girl @forkazoo @CoryStoker

          I definitely agree with the enron example as an extreme example. They did pretty much every type of manipulation they could. I don't think most companies do that much, but I think that most companies do some. I do recommend the book "The Smartest Guys in the Room"

          0 replies 0 retweets 9 likes
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        1. Sea Salt Enthusiast‏ @EnthusiastSea 27 Dec 2019
          Replying to @Aella_Girl @forkazoo @CoryStoker

          The replies to this are so full of non-sequiturs. “Rich people will lose money to inflation if they don’t invest it.” “Oh yeah? Well Enron was a fraud.” Ok? And?

          0 replies 0 retweets 0 likes
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        1. FlyingAdHominem‏ @FlyingAdHominem 29 Dec 2019
          Replying to @Aella_Girl @forkazoo @CoryStoker

          This is just one example of many forms of rent seeking.

          0 replies 0 retweets 0 likes
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