Profiting without producing, who needs people in your monetary system with an imagination like this!
Love that investment phrase "make your money work for you." Like…nah man, someone is still doing the work, stocks don't just go up by magic. You are just taking part of the money from their work.
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right; your money is helping enable someone else's work and, when they're successful, they thank you by giving your money back later with a little extra. so it should really be "make your money enable someone else's success instead of just sitting there helping no one."
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“B-but they created those jobs though!” The demand for the product or service created the demand for the associated labor. Even when the labor is in their face ala restaurants or retail they still give the credit for the successes to the managers/owners.
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That's kind of true, but this is mostly a symptom of how weird investing has become. It used to be about funding something and receiving dividends in return. Now it's basically a gambling game where numbers go up and down for no real reason and you choose when to buy and sell.
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Stocks no longer truly represent the value generated by workers unless they work in PR, I suppose. The biggest issue with the stock market is that it's no longer about funding growth for up and coming companies, but instead about feeding near monopolies
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Someone who knows what the next Trump tweet will be 1 minute in advance could do well.
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Societies existed and flourished for loterally centuries before the current "investment" scam. Just sayin'.
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And in Australia we lose 41 billion is tax revenue for moving money to shares, real estate.pic.twitter.com/jWRwFv8VZd
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