this post was submitted on 19 Sep 2023
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Work Reform

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[–] clanginator@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 children)

Almost the entirety of any rich person's wealth is invested, because rich people generally pay smart people to handle their money.

Damn, maybe poor people should just hire a full-time broker and give them the $20 they can spare this month and let that smart person invest it so they're not poor anymore 🤓

Being poor in the US is a literal trap. It is intentional. It is exploitation. The lack of financial education isn't the fault of poor people who grew up going to schools that could barely afford to run, and/or went to school hungry.

And once you're poor, it can be extremely difficult to escape, bc the system is designed to punish poor ppl. Poor ppl sit on cash bc if it's in a bank the money they need for food might get taken away bc of some bullshit overdraft fee or similar. I know bc I've been poor and know poor ppl.

Poor people aren't poor because they don't invest wisely enough. They're poor bc the system is designed in so many ways to keep it that way.

Also rICh pEoPle dOnT Sit ON tHeiR MoNey ThEY iNvEsT it

Yeah, putting billions of dollars into stocks and letting it sit there is still hoarding wealth. Call it "investing 🤓" or whatever. It's still hoarding, it's still immoral and detestable.

You sound like you're 17 and just started listening to Fox Business for financial advice.

[–] SCB@lemmy.world -1 points 1 year ago (1 children)

Yeah, putting billions of dollars into stocks and letting it sit there is still hoarding wealth. Call it “investing 🤓” or whatever. It’s still hoarding, it’s still immoral and detestable.

This has no factual basis.

You seem like you think I'm attacking poor people for not having money to invest rather than making fun of people who believe the quoted statement.

[–] clanginator@lemmy.world 0 points 1 year ago* (last edited 1 year ago) (1 children)

This has no factual basis.

Yes it does.

See I used as much logic in that response as u used in ur comment, so my answer is just as valid as yours. But since I used more logic in the comment you're replying to, my original point still stands. Try again, lil bro.

You seem like you think I'm attacking poor people for not having money to invest rather than making fun of people who believe the quoted statement.

I do not give a flying fuck whether you were making fun of someone or trying to get a billionaire to see ur comment so they'd let u suck their dick, bootlicker. You're wrong.

Also billionaires can literally just use their stock value as cash, genius.

Why you simp for billionaires bruh. U ain't gonna become one.

[–] SCB@lemmy.world 1 points 1 year ago (1 children)

Imagine caring about the opinions of someone who calls you a "bootlicker" for simply understanding how reality works

[–] clanginator@lemmy.world 0 points 1 year ago

And again no reasoning given. Yup, certified brain rot.