this post was submitted on 02 Feb 2024
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Money from nothing. That's one of the biggest reasons our system is so out off balance.
I mean... I hate capitalism as much as the next guy, but this isnt "money from nothing".... People bought or worked for shares....
The dividend money comes from worker exploitation, sure. But in order to get the dividend from those shares, you had to believe in the company and invest...
Disclaimer: i own no shares of meta and i dont have a facebook account
Do you own shares in any company?
I own shares in your mom.
She died in 2016. I've never really gotten over it.
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You can have her completely.
Yes
Hey it's everyone's least favorite user!
How could someone I don't value have any impact on me?
$700 million. A year. For one person.
That’s another of the biggest reasons our system is so out of balance.
It's not money for nothing. It's money for the risk you take when investing in a company. Why the hell would anyone invest into anything if there wasn't possibility to get something out of it?
You just described gambling.
It is basically gambling yeah. Especially when you're picking individual stocks instead of something like index funds. Bigger risk but also bigger plausible reward.
And you don't understand why building a society based on gambling is a bad idea?
I don't even know what you're trying to say there. The discussion is about the risks and benefits of buying and selling stocks. If you don't want to take that risk then don't buy stocks. No one is forcing you. I don't get how "building a society based on gambling" is all of a sudden a stance I'm supposedly defending here now. That's a strawman.