Message from @Arch-Fiend

Discord ID: 531630343221018644


2019-01-05 19:31:09 UTC  

If I can get rich in my retirement years by simply restating Sowell, please don't spoil it for me.

2019-01-06 18:26:01 UTC  

I just got a pocket constitution just to be that annoying prick

2019-01-06 18:26:20 UTC  

I recommend all US citizens get one, just for funzies

2019-01-06 18:28:26 UTC  

sounds like a good idea

2019-01-06 21:39:09 UTC  

@Timcast "Force rich people to reinvest in the economy." .... What exactly do you think wealthy people do with their money otherwise? Stuff it under the couch?

2019-01-06 21:42:07 UTC  

Monetary inflation incentivizes everyone to invest. Desire to increase wealth incentivizes people to invest.

2019-01-06 21:43:53 UTC  

Even if some didn't invest... so what? You could treat their lack of investment as monetary deflation meaning upward pressure on the value of the rest of the monetary supply.

2019-01-06 21:53:12 UTC  

the wealthy tend to just invest in new bussinesses in order to cause small investors to jump onto it after a recognizible name has joined and pressure the company into profitibility untill its breaking point where the big bussiness sells all their investment before it goes under leaving the small investors broke along with the company that just gets bought out by established bussinesses that have age and size in order to maintain their survival against investor pressure . so they dont really stuff it under their couch they just kinda feed off the lower classes by gambling

2019-01-06 22:39:49 UTC  

people that work and save get rich in america all the time.

2019-01-07 00:19:08 UTC  

So big investors are smarter than smaller ones? They can predict market success better? Selling their shares of a company means someone on the other side of that sale thinks it's worth buying.

2019-01-07 00:19:59 UTC  

You might as well blame the buyers for buying the share just as much as the seller trying to sell. It takes two.

2019-01-07 00:21:23 UTC  

And correct... people save and get wealthy regularly... but saving almost 100% of the time is investment. Money almost never sits idle. Even if it did... it'd just put upwards pressure on the value of the remaining money supply.

2019-01-07 00:23:29 UTC  

all ive told you is what happens, its your choice to have a problem with it or not

2019-01-07 00:23:56 UTC  

That's not what happens.

2019-01-07 00:24:29 UTC  

And it implies special knowledge or abilities in the wealthy which isn't explained.

2019-01-07 00:26:07 UTC  

the game is money, those who succeed are those who have the talents to succeed, then with those talents they use their money to compound their assets. talent, knowledge, and money are all power, those with power are those most likely to have power

2019-01-07 00:26:32 UTC  

that doesent really seem unexplained

2019-01-07 00:28:09 UTC  

the system as you describe it doesn't even seem altogether malicious

2019-01-07 00:28:49 UTC  

Saying "the rich are better" isn't really an explanation.

2019-01-07 00:29:10 UTC  

it even acknowledges the multinationals as mortal and vulnerable to failure

2019-01-07 00:29:11 UTC  

im not

2019-01-07 00:29:16 UTC  

im saying the better are rich

2019-01-07 00:29:36 UTC  

and really im only discribing a very select talent

2019-01-07 00:29:40 UTC  

people that are better with money tend to build up a lot of it

2019-01-07 00:31:01 UTC  

The rich is an ever changing demographic

2019-01-07 00:31:31 UTC  

heh

2019-01-07 00:43:28 UTC  

anyone who works in investment, not just someone who manages to put money on the right horse at the right time and live off a big gamble for the rest of their lives, i mean people who make their way to the top through spending real time investing, those people have something that gives them an edge beyond luck. it doesent matter where their talent and skill comes from, but it gives them the ability to survive within that system where no one without that talent and skill can. at this point very common trends have formed within it where the situation i discribed is a very very common occurence at the stock market

2019-01-07 00:43:33 UTC  

movies have been writen about this

2019-01-07 00:44:02 UTC  

they are fictional movies, not fantasy movies

2019-01-07 01:28:11 UTC  

the thing is that we're looking at it wrong: those who invest and continue to invest become richer. it's not necessarily that they're "better at the game" or not, it's that they're choosing to continue to play. investment is a form of saving, and once you get away from 0 enough to begin investing, you will begin to profit. I'm not saying it's instant or that it never fails, but if you take part in investment, you'll profit more the longer you take part. The "rich" demographic isn't a set group of people, it's constantly in flux as to who's where on the ladder.

2019-01-07 07:17:32 UTC  

@Timcast please stop saying people will meme cortez to the presidency trump can meme cortez can not

2019-01-07 07:17:50 UTC  

trump is a billionaire

2019-01-07 07:18:11 UTC  

cortez posts tits on insta like the whore she is

2019-01-07 07:21:02 UTC  

thats more or less the attitude that the left had in 2016

2019-01-07 07:21:26 UTC  

HC is a well spoken polite career politican who appeals to the masses and represents the future

2019-01-07 07:21:42 UTC  

Trump is a sputtering blathering fool who cant even run a business

2019-01-07 07:22:12 UTC  

yeah all of his dick pics were great

2019-01-07 07:23:27 UTC  

when he said stuff like we can build the wall with typos on bills it was great

2019-01-07 07:24:55 UTC  

if cortez is ever able to pack a stadium i might reconsider

2019-01-07 07:25:19 UTC  

atm the only thing shes done is give 4 chan some porn

2019-01-07 07:25:24 UTC  

so far