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Old 02-10-2018, 10:02 PM
 
Location: Nescopeck, Penna.
11,362 posts, read 6,786,875 times
Reputation: 14412

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Quote:
Originally Posted by Marc Paolella View Post
Everyone has what they perceive as economic problems. The point is, they are THEIR problems. You do not have the right to externalize your economic problems to others. If you want stocks, get your azz in gear, work, save up some dough, and buy yourself some stocks. It's not that hard. Many stocks are $3/share. Anyone can afford a stock portfolio. Unless they make stupid choices, do things out of order, have kids without spouses and/or money, snort heroin, abuse alcohol, evade reality and choose inappropriate and unattainable goals, etc.
Quote:
Originally Posted by CamillaB View Post
Or are disabled through no fault of their own, are born with or acquire a physical or mental disease that affects their ability to be perfect like all the rich people, are victims of crime or of unscrupulous people or the greedy and psychopathic who systematically target the afflicted.
Which is why every industrialized nation maintains a "safety net", and all save the most doctrinal Randists don't have a problem with it; so long as those who seek a career of indolence, (whose ranks appear to be growing, if the streets of the West Coast cities are any indication), are identified and weeded out, preferably at the most localized level possible.

The majority of indigents are able to find both employment and housing; the problem is their resentment of the options to which their own attitudes and behavior have limited them.

Last edited by 2nd trick op; 02-10-2018 at 11:26 PM..
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Old 02-10-2018, 11:19 PM
 
Location: Northern NJ
7,405 posts, read 7,360,683 times
Reputation: 10609
Quote:
Originally Posted by CamillaB View Post
Or are disabled through no fault of their own, are born with or acquire a physical or mental disease that affects their ability to be perfect like all the rich people, are victims of crime or of unscrupulous people or the greedy and psychopathic who systematically target the afflicted.
Being disabled or unlucky does not allow one to demand the life or property of those around them. It does allow one to ask for help. Human nature is such that requests for help are almost always answered with help. Asking is moral. Demanding is not.


What you are doing here is emergency peddling. Formulating extreme cases and demanding cures and fixes.


Our discussion here is for the more typical life that 90% of all of us lead. Lives without sudden terminal diseases at 35 or endless tragedies and horrific reversals of fortune.


There is no one who leads a typical life with a standard mix of good and bad who cannot own stocks. All it takes is basic, average, mundane, logic and common sense.


But in today's backward world, incompetence and deterministic failure are offered as the norm, and normal brains and planning are smeared as "privilege".


I reject that. It's been shown that anyone with minimal skills and talent who simply finishes school, chooses not to abuse substances, chooses not to have kids out of wedlock, and works any full time job can save good money, live a good life, and retire successfully. And yes, own stocks and be called privileged by the snivelers who want to steal from the Peter to give to Paul.


There is bad luck, but bad choices are NOT bad luck, and the vast majority of people with hard luck stories are people who really have untold bad choice stories.
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Old 02-11-2018, 06:09 AM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by wheelsup View Post
You didn't even read your own linked article. Why? It answered your question.

Some people buy cell phones and expensive cars, others invest in stocks. It's not anyone's problem if people would rather buy things that will be worthless.

How do burger flippers buy stocks when rent consumes half their income?
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Old 02-11-2018, 06:12 AM
 
33,046 posts, read 20,714,185 times
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Quote:
Originally Posted by TuborgP View Post
Yup and many who don't have their own individual ownership benefit from pensions that do.

And some are harmed when the wealth effect of others causes rents to necessarily skyrocket.
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Old 02-11-2018, 06:13 AM
 
437 posts, read 198,614 times
Reputation: 449
Quote:
Originally Posted by freemkt View Post
How do burger flippers buy stocks when rent consumes half their income?
Burger flippers that what to improve their situation, including buying stocks, do something about it instead of sitting around and complaining without taking action.
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Old 02-11-2018, 06:16 AM
 
Location: Boston
5,097 posts, read 1,455,542 times
Reputation: 3734
I agree, stay in school, don't have kids if you're not in a committed marriage, develop a marketable skill and be willing to work. Pretty simple steps. If you legitimately need help for those life events outside your control ask and it will be provided. Instead, too many people without special needs make mistakes over and over and expect other people to "fix" their poor choices. No wonder they are destitute. No wonder so many people don't want to bail them out.
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Old 02-11-2018, 06:19 AM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by Marc Paolella View Post
Being disabled or unlucky does not allow one to demand the life or property of those around them. It does allow one to ask for help. Human nature is such that requests for help are almost always answered with help. Asking is moral. Demanding is not.


What you are doing here is emergency peddling. Formulating extreme cases and demanding cures and fixes.


Our discussion here is for the more typical life that 90% of all of us lead. Lives without sudden terminal diseases at 35 or endless tragedies and horrific reversals of fortune.


There is no one who leads a typical life with a standard mix of good and bad who cannot own stocks. All it takes is basic, average, mundane, logic and common sense.


But in today's backward world, incompetence and deterministic failure are offered as the norm, and normal brains and planning are smeared as "privilege".


I reject that. It's been shown that anyone with minimal skills and talent who simply finishes school, chooses not to abuse substances, chooses not to have kids out of wedlock, and works any full time job can save good money, live a good life, and retire successfully. And yes, own stocks and be called privileged by the snivelers who want to steal from the Peter to give to Paul.


There is bad luck, but bad choices are NOT bad luck, and the vast majority of people with hard luck stories are people who really have untold bad choice stories.

Owning your home does not allow one to impose your housing standards on those around them, even if most Americans believe otherwise.
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Old 02-11-2018, 06:20 AM
 
64,542 posts, read 66,100,109 times
Reputation: 42983
Quote:
Originally Posted by freemkt View Post
How do burger flippers buy stocks when rent consumes half their income?
They dont . Easy answer . As long as they earn wages that are not meant to be life long choices they cannot do the things others do who have succeeded in earning more

it is not a rent is to high problem . It is an income is to low problem. But you have been told this over and over .

Unless you qualify for welfare perks there is a penalty for financial failure here if you fail to keep up. Perhaps try another country .
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Old 02-11-2018, 07:55 AM
 
Location: Mount Airy, Maryland
9,409 posts, read 5,206,233 times
Reputation: 14191
Yeah I don't get the surprise either. Of course the top 10% own the majority of stocks, they own the majority off all the money.
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Old 02-11-2018, 09:38 AM
 
Location: Boston
5,097 posts, read 1,455,542 times
Reputation: 3734
Quote:
Originally Posted by freemkt View Post
How do burger flippers buy stocks when rent consumes half their income?
burger joints are open 24/7, get 2 burger flipping jobs and use the second one to invest.
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