There’s nothing stopping people in the lower classes from investing.
If minimum wages are so low and working hours so long that people are too busy with their day jobs and/or don’t make enough money to even think about the stock market, let’s focus on fixing that rather than going after the stock market.
I think an argument is that because many people live paycheck to paycheck, investing simply isn’t an option. Many costs in life are somewhat fixed — I buy similar groceries compared to someone who makes half what I make, and compared to someone who makes twice what I make; as a fraction of income it’s a huge spread.
What this means is that making twice as much money doesn’t mean you get to invest twice as much — you can invest way more, because the difference in income is largely disposable.
Or how about we don’t subject companies to the enshittification whims of rich assholes and base our entire society’s worth on some arbitrary values on a computer screen? If you want to gamble on line go up or down, fine, but let’s divest it from how we govern our lives, because clearly it isn’t working for the majority of us.
There’s nothing stopping people in the lower classes from investing.
If minimum wages are so low and working hours so long that people are too busy with their day jobs and/or don’t make enough money to even think about the stock market, let’s focus on fixing that rather than going after the stock market.
Bwahahahahaha
I think an argument is that because many people live paycheck to paycheck, investing simply isn’t an option. Many costs in life are somewhat fixed — I buy similar groceries compared to someone who makes half what I make, and compared to someone who makes twice what I make; as a fraction of income it’s a huge spread.
What this means is that making twice as much money doesn’t mean you get to invest twice as much — you can invest way more, because the difference in income is largely disposable.
Or how about we don’t subject companies to the enshittification whims of rich assholes and base our entire society’s worth on some arbitrary values on a computer screen? If you want to gamble on line go up or down, fine, but let’s divest it from how we govern our lives, because clearly it isn’t working for the majority of us.
Holy shit what an idiotic thing to say.
It may surprise you to find out that “lower class” people are in the lower class because they don’t have money. What are they supposed to invest?
Hahaha!
except for the whole being poor thing
Trolls of Lemmy, you can pack your bags. You will never be able to come up with something dumber than this.
I’m honestly not sure if it’s trolling, or satirizing the trolls. It could go either way.
Poor people can easily find out about SPY. The issue is not the amount of time.