I'm shook!
this post was submitted on 10 Jan 2024
613 points (97.5% liked)
News
23275 readers
3437 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I don't think it's good to have such wealth inequality, but I do this general investment into the stock market should be encouraged.
401ks are so much better than pensions as a retirement vehicle. Better return on investment and more financial separation from the company I work for. I never worry about someone raiding the pension fund or a company going bankrupt, and I've received much better return on investments than the numbers you hear from pension funds! That's not even considering 401k matching......
Ok rich person, or it will be owned only by a tiny few and collapse bc of it.
Your comment makes no sense. Try replying to what I wrote please.
So if everyone in the US stops buying publically traded companies, it would bankrupt the top 10%?
Only if you're including the top 10%. The vast majority of retail investing makes little difference even when combined, in comparison to institutional investing.
It's actually insane knowing that so many people on this planet live in extreme poverty, in slums, have no safe access to food and water and yet we have many single humans buying 15 cars, villas worth 15 million, yachts etc.
At this point I shouldn't take me out of the equation because even though I am not rich I still buy useless stuff I might not need and someone else needs the money more than I do.
But I just can't wrap my head around that a lot of individuals have so much money. No human should have 10x more than an average person needs. What justifies someone making albums and selling them for 15$ and that person earns 20 million $ cause so many people buy the album for 15$. At some point the money should flow to programs or other things that benefit society.
Sure the album is great, thats why it is selling, but why a nurse for example is doing hard work and just will never earn that money. I'm pretty sure most nurses have done a lot more things during their career that SHOULD be worth millions. But thats not the point. Even nurses shouldn't have more than 10x what they need. No one needs it. It's great to have but no one needs it.