Facepalm

3081 readers

1515 users here now

founded 2 years ago

MODERATORS

irelephant@lemmy.world

Irelephant@lemm.ee

960

Communism is when you can only buy one share of a stock (lemm.ee)

submitted 1 day ago by Irelephant@lemm.ee to c/facepalm@lemmy.world

99 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] andros_rex@lemmy.world 3 points 14 hours ago (1 children)

Indeed, that’s a big part of why the story won’t go away, because it very publicly proved that the rules only apply if you’re not connected.

That’s the big point there. Idk if it was really the “little guys” who benefited - mostly people who had the money to invest. But it proved how fucking arbitrary and stupid and meaningless the stock market is.

We’re told that rich people earned their money through hard work - the guy I knew who put his money on GME for the lols and made bank earned more money by doing nothing than I made working 60+ hours a week as a teacher.

[–] skisnow@lemmy.ca 1 points 9 hours ago

Idk if it was really the “little guys” who benefited - mostly people who had the money to invest.

Someone with $50k spare to play the markets has $50,000 more than someone living paycheck-to-paycheck, and $999,950,000 less than a billionaire. The "little guys" in this story are the ones who don't have "buy a politician" money.

I realize that first $50k is super important to your day-to-day life and conquering that second tier of Maslow's hierarchy and all, but in class war terms if you start drawing the lines at someone with a nicer car than you, that's how we end up with Stalinism, which I don't think anyone wants.