Just a little class consciousness to wash down another day of work

https://lemmy.world/post/5440083

Just a little class consciousness to wash down another day of work - Lemmy.world

Point taken, but FYI billionaires don’t “make” a billion dollars regardless, it’s almost exclusively because their net worth due to stock ownership makes them a billionaire.

If you bought a house somewhere cheap, and then the eyesore old factory down the road gets torn down, and the land around your house explodes in value, you did not “make a million dollars” in income even though your house is now worth that much.

As well, most billionaires live off money they borrow at stupid low interest rates because that doesn’t count as income. An accountant would be able to explain in depth but that’s one of the way they dodge taxes.

Stocks are just an abstracted way of exploiting workers.
No they are a way of sharing ownership in a company. It is the speculation that occurs in stock exchanges than can lead to negative outcomes for employees.

Speculation has been a relatively insignificant factor overall in the trade of stocks compared to real changes their intrinsic value.

Stocks carry and accrue value due to the work of others than those who hold them.

My guy/gal/bie, have you heard of GameStop?

Yes.

Have you heard of other publicly traded companies that are not Gamestop?

I am sorry, but your using the example to negate my position is sloppy and ridiculous.

So you’re being purposefully obtuse. Wonderful. 🤦
No. I just have not made any claims that are negated by the events related to trading Gamestop.

Yes you have and I’ll leave you to go research what happened to it so you can see the truth for yourself.

Or you can refuse and continue to embarrass yourself peddling lies. Your choice.

Which statement have I made that is a “lie”?
This person is insane. Don’t even try to talk to them. Even though you don’t know that they are POC. They think everybody knows their skin color already and that literally any question is a challenge and racist and they will call you and not see you in a heartbeat. Just don’t even bother.