Are tankies pleased that rich people, the people who actually own stocks, lost 25% of their wealth in this past week?
Since rich people lost so much money, do you guys think we now live in a more equal society now? Is the world better now than it was a month ago?
money is irrelevant.
quit being a dullard.
No you fucking retard tankies want cheaper stonks and bitbux so we can make a guaranteed profit when the market recovers. Fucking morning
the fed can just print more money
>lost 25% of their wealth
only if they had to cash out
Then how come every time stocks go up with no one cashing out tankies keep screeching about muh inequality?
Yes
I’ve lost about 30k over 4 years. Yes I want to fucking die
>he didn’t sell when the Wuhan
happening threads were popping up
Poverty earned.
They don't have to cash out.
They don't care because they know it will go back up.
>>That's why you are poor and communist.
It's just that I don't get what tankies want. If the stock market goes up they start bitching about inequality, and how many hours you'd have to work to have as much money as Jeff Bezos, and other stupid shit like that.
But when the market crashes, and wealthy people lose a large part of their wealth I don't see them that the system is becoming more fair because inequality is going down. They either play dumb or whine about how because of this capitalism is failing.
It's like nothing is good for them and all they want to do is whine and bitch.
number go down noooo :(
Did Jeff Bezos cashed out the 100 billion when the commies were whining about muh inequality? Or were they whining about his paper gains?
stocks go up, rich get richer, stocks go down, poor gets fired
>buy when low
>sell when high but notice signs of a crash
>buy again while low
>repeat
The rich are just getting richer from this faglord
Rich people just trade options or invest in hedge funds that trade in options and futures, both of which make money regardless of economic situation.
Only retards buy actual stocks as individuals.
Stocks go down the rich people that owns them lose a shitton of money, look up Jeff Bezos wealth 2 weeks ago compared to today. You should be happy tankie, inequality is going down fast, wasn't that what you wanted?
I'm happy the stupid rich lost money, I'll be happier when the poor get better standards of living
>The rich are just getting richer from this faglord
i don't think you realize it's going to continually dip. the time to buy is as soon as they announce US manufacturing;countries self manufacturing to adapt to this new world of weaponry which HAS instigated WW3 into happening.
rich people lost nothing. rich people sold out weeks ago
ye rich people are rich coz they have mostly stocks of companies they build.
Yeah Jeff Bezos sold all his Amazon stock weeks ago, he currently owns none...
Or maybe you're just retarded and saying retarded shit.
Why are you listening to morons? You only lose or gain with stocks when you sell.
Some investors might have leveraged margin calls that use the value of the stock as collateral against loans, this is one of the few types of loans that can "be called in". That happened on 9/11 and some billionaire investor (I don't remember who) had to sell huge amounts of his Disney stock when it's price fell.
A more protected investment is the bonds that companies take. You don't need to care about the stock price, how much profit is made or shit like that. Just that they have enough money to pay their interest. And in bankruptcy people that have loaned a company money get paid first, before supplies, employees, contractors and so one. The only way to get by with Jews is to play the way Jews do.
exactly. only the low and mid-tier rich folks lost money.
Do you understand how options and futures work? Futures are getting crushed with the market and almost no one was betting on puts before the virus
Well rich people losing money doesn't accomplish that goal
But don't let that get in the way of your communist fantasy
>Are tankies pleased that rich people, the people who actually own stocks, lost 25% of their wealth in this past week?
Yes. Yes we are. Fuck your economy and your wealth. Hopefully you'll get to experience what it's like to be poor and beg for food you privileged faggot.
Sucking Bezos dick wont make you rich
They basically want the stock market to crash so massive amounts of people suffer and convert to their ideology.
I wish I was joking.
They are legit psychopaths
The rich people will get a bailout so no, I’m not happy
won't anyone please think of the billionaires :(
Trump just gave them 1.5 trillion dollars, that's more money than America wil produce for the next century if fucking ever, if anything they just looted the middle class and now America is literally a third world shit hole
The poor always lose more in this situation. They lose jobs, fall behind on payments, lose their car and their house, credit gets destroyed, retirement account gets decimated, can't afford medical bills, etc. Meanwhile the rich whales are waiting to buy the resulting blood letting by the poor, and end up even richer when the market turns.
Exactly how a wealthy psychopath would see it.
So the system is working, inequality is falling, we should all be happy now right? I'm assuming you're very happy now and your life is significantly better now than what it was 2 weeks ago when inequality was 25% bigger than today.
So let me get this right, the problem is that the government is big enough to bailout its friends, and to solve this we need to make the government even bigger with much more power?
If you landed in North America with Christopher Columbus and started a business earning $5000 every day, you still would not be a billionaire today
no one likes you u r gay
Obviously not, dumbass. You’d have died 600 years ago.
So we agree that problem then is poverty not inequality, because inequality is falling and society isn't better at all. The point is, fighting inequality is stupid and doesn't help anyone.
When it comes to financial matters, just assume everyone is trying to steal your money. When somebody gives you a stock tip, don't believe for a second they are trying to help you. They are just trying to help themselves in some way. So I assume these tankies you speak of say all that because they want a crash so they can buy in at low prices.
No. The wealthy need to suffer their bad business decisions like everyone else if we want to claim that we live in a meritocracy.Bailing then out means we aren’t making room for better people.
You want massive amounts of poor people to suffer so they get desperate enough to join your cult. The stock market crashing hurts poor people too.
Explain how Marxists are not psychopathic ideologues.
just that $5000 invested in proper land (past) or stock market (in early days of stocks) makes you billionaire today.
Surely that vague hypothetical scenario is profoundly relevant to our real-world situation.
Anyone who has billions and isn't spending it to help or advance society is an evil scumbag and I cannot be convinced otherwise.
Don’t even bother OP, it’s hard to reason with leftists.
no one is after your pesos, Ramon
And how long would you have to work to lose $15 billions like Jeff Bezos lost these past two weeks?
Only the poor lost money these last couple of weeks. The rich pulled out in January and early February
I don’t have a problem with billionaires. I just think the people that receive that kind of money should be people that make huge contributions to society. Say someone figures out an effective way to fix the oceans. That guy gets a billion dollar untaxed paycheck.
>Society isn't better
That's the key point. The 0.1% that control so much wealth aren't doing enough with it to help advance society. I'm not saying give their money to the poor, but use it to educate, research, improve infrastructure, etc.
Except for there is no objective way to help society. For example, welfare seems helpful but it actually just creates more problems. So what should they do with their billions of dollars? Who decides what is helpful and what is not?
So we agree then. That was my point.
Repair infrastructure, fund education, run a bullet train across the country. There’s a lot you can do.
Exactly, that's why people that stand up for freedom want smaller government so they can abuse their power bailing out their friends when they do shitty businesses.
It's retarded tankies that want to give it more money and power and then are outraged when they bail out their friends baka
The rich did not lose shit and they know they didn't. Wall street is a bunch of hooey.
poor people actually spend the money they have. when you have more money than you can spend, you're taking it away from the economy
don't take so much money in the first place and let the people decide what is helpful to them
What is the net impact of rich people on poor people life standard ? Did Jeff Bezos created more jobs than he destroyed ? Are these created jobs better than the ones he destroyed or will they get better in the long run ?
Did wealth of everybody in America really increase thanks to him even if it is not in the same proportions ? A communist would demand it to be in the same proportions but if wealth did not increase at least in one way for everybody, it is just logic to say that rich people have a negative impact on society.
If you say it is necessary to stay competetive ? Will enslavement be necessary too in order to stay competetive ? Or do we once and for all crush this terrible idea that GDP is the only thing to maximize even at cost of our racial homogeneity, life standards, traditions and safety. There is a difference between communism and this position.
That was the Rothchilds not Trump you dummie.
no, the same evil people still have their hands on the levers of power
nothing changes for you
see it didn't even cross your mind that the government is supposed to help the people that elect it, you immediately assume that it should bail out the richest, which is corporate socialism, you really cannot into logic
Yeah Jeff Bezos or Steve Wozniak surely sold all the shares of their companies...
I don't know why even bother with the retards here
>Are tankies pleased that rich people,
I don't know how to break it to you dear but rich people don't lose money, the only ones losing money are the designated losers, the people with money in (((managed))) funds and the like, they give rich people the buffer they need to stay rich.
Don't care. Money means nothing.
Yes.
Research into renewable energy and resources, clean water access for everyone, reducing pollution, alternatives to plastic and other non-biodegradables, education, etc. Those are just a few; I think there are many categories that could be considered objectively beneficial.
My ID Is "IMJEw" wtf
>Wow this system sure is fucked
>Breaking news the system is fucking up
>Great now people will agree with me that the system is fucked since they can feel it fucking them
Y-You PSYCHOPATH! YOU WANTED THIS TO HAPPEN!
That's a disengenuous line of thought. If it helps us build a society in which people's chances of working & making rent aren't dependent on Green Line Go Up Every Year Forever, then yes, it's a "good" thing.
Just buy puts faggot
It's not that hard to grasp. The stock market is one part boomer retirement funds and part capital accumulation by a relatively small number of rich people.
The stock market going up does not translate to higher wages, it does not translate to cost of living improving, it does not translate to people having better healthcare or education. Conditions can be shit for laborers while the stock market does very well for the capital collecting class that makes up the majority of that market.
And on the otherhand, when it falls these are the things that can be expected: layoffs, foreclosures and hedgefunds buying the foreclosed properties, and retirees being absolutely fucked.
Socialists of any stripe do not want stock markets to be the metric of economic health because as is they are only metrics of investor behavior, not if values correlate to socially desirable results
>fund education
No amount of funding can make a teacher better at teaching, or a student better at learning. Assuming they are both in good health, of course.
The other thing you mentioned are much more expensive then any one guy could afford.
You and the other guy I replied to both need to do some research on what 'net worth' means. Guys like Jeff bezos don't have there entire net worth in a checking account. It's in stocks which, if sold, would decrease in value for each one sold. A lot of it is most likely in other non liquid assets. So it's not as easy as just pulling out a checkbook and writing a billion dollar check.
The government is there to help themselves, they don't give a fuck about you Pierre, stop being deluded...
The U.S. is throwing state money Up to $3 trillion into the market to save the money of rich people. Why shoule you happy?
Epic
It's better when everyone is equally poor than if people have all the necessities but there are massive inequalities.
The most important things in life are not bought with money, but by being above other people. Things like access to pussy and a sense of self worth.
People in poor countries immigrate to rich countries because they feel worthless compared to people in rich countries. But if they didn't have media, they'd be very happy where they live. Notice that most people in poor countries are already happier than in rich countries because they are all living equally shitty lives. They don't have to compete with rich dudes over pussy and they don't feel inferior.
You really need to read a basic economics book, your rants are plainly retarded you clearly haven't got the smallest clue about what you talking about.
which is why you pressure them into doing what you want or we're gonna vote for someone else. Of course we know they give nothing out of good will.
why do you think we have social security and free healthcare here, cause we fought for it.
that's cool, keep your stocks and asset, we just are going to tax the outrageous amount of money when you extract it in the first place so you get less incentive to screw your workers
> people that receive that kind of money
>receive
This is the problem with most people's understanding of the world. Billionaire don't 'receive' billions of dollars, they make it. It is a pattern of thought I see every time I talked to people like you guys. You are still seeing the world through the eyes of a child. You are dependent on someone give you things, and if another kid has more that means he has been given more. You want government to be your daddy, and make sure you get the same toys as everyone else. What you don't seem to realize is that in order for someone to give you something, they have to have control of it first. So in your attempts to make society more equal, you are in fact handing over total control of resources to an oligarchy or dictator.
Loose it all or give us half!
They don't work for it. They are either born into wealth or born with better abilities.
Check em, Jesus approves this message.