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[-] Joncash2@lemmy.ml 0 points 7 months ago* (last edited 7 months ago)

Sure they increased their money during the pandemic. People were acting like idiots buying homes and goods when they really really shouldn't have. It's also true the rich prey on this. Go try to get 100 million in an interest bank account and see what happens, it's actually harder to leave that kind of money in interest accounts because of how FINRA regulations work. Your money would literally not be insured. You wouldn't know these things because you just hear other poor people talk about the rich and not the actual rich.

Thus, the real crux of the problem. The poor don't even understand well enough what's happening to make a good argument. Between the wanna be rich poor people who talk about unskilled labor as if you just need to pull yourself up by your bootstraps and the poor who hate the rich, no one actually understands how it all works. And it all WORKS BECAUSE you don't understand. If the poor didn't respond the way they did during the pandemic, the rich wouldn't have been able to hoover up all their money. Who's taking the 22% loans, who's buying houses they can't afford on 30+ year mortgages at 8%. All of those actions make the rich richer. You want to stop the rich? Stop wasting your money. But even if you can, the rest won't and the money will keep funneling up. Thus the real problem. But no one wants to change their life style. Instead they'll go out and buy expensive handbags and other luxury items on lay away. You can't stop the rich as long as everyone participates in capitalism.

[-] Dasus@lemmy.world 0 points 7 months ago

A lot of words for saying "you're right that one can very safely invest that kind of money and thus I was wrong in saying money doesn't just generate money, when it very literally does".

"I pointed a gun at a guy and asked to fuck him in the arse and he just seemed to agree without question. That doesn't make me a rapist, it makes him a slut."

Honestly I couldn't come up with more hilarious victim blaming if I tried. 5/5 for trolling as a deeply brainwashed libertarian fucknut.

[-] Joncash2@lemmy.ml -1 points 7 months ago* (last edited 7 months ago)

The problem is there is no safe way to invest that kind of money. If there was a purely safe way to invest everyone would be a millionaire. The savings account thing you mentioned is literally only for poor people, to give them a leg up and a small increasing investment for the purpose of teaching people the value of investment. You've created a strawman and keep smacking it.

this post was submitted on 18 Jan 2025
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