But is it really fair that a person with 50 million can turn that into 100 million
Yes.
And since that can only happen by investing that amount into the economy, it’s wisely encouraged by the system, versus putting the 50 million in a vault somewhere.
It’s essentially an investment in the country’s further financialization and privitization…both of which are things completely ruining the country (unless you’re rich, then these movements just make more parts of the country your own personal playground).
And, it’s worth pointing out that the rich carry a large asset base in their own companies which they can borrow against tax free while the value of the underlying assets continually grow. The only thing similar a non-rich person has access to is a home equity line of credit…and even then you own a home with equity which…you ain’t rich but you ain’t exactly broke either.
You think it’s sad because you’re deeply ignorant. Do you also think that if the $5 baseball card you bought becomes worth $100, that that means you’ve stolen $95? lol
Yes.
And since that can only happen by investing that amount into the economy, it’s wisely encouraged by the system, versus putting the 50 million in a vault somewhere.
They are not investing it into the great magical economy. It’s in hedge funds that actively destroy the economy.
It’s essentially an investment in the country’s further financialization and privitization…both of which are things completely ruining the country (unless you’re rich, then these movements just make more parts of the country your own personal playground).
And, it’s worth pointing out that the rich carry a large asset base in their own companies which they can borrow against tax free while the value of the underlying assets continually grow. The only thing similar a non-rich person has access to is a home equity line of credit…and even then you own a home with equity which…you ain’t rich but you ain’t exactly broke either.
The fact that you can’t see how this is a huge flaw in, at the very least, the American form of capitalism is sad.
You think it’s sad because you’re deeply ignorant. Do you also think that if the $5 baseball card you bought becomes worth $100, that that means you’ve stolen $95? lol
No, I don’t also think that.
I do, however, think that I didn’t insult you, so that insult was absolutely not warranted.