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I have an idea that will work. I take that idea to those with money and say what do you think of this idea? Here is my business plan, what do you think? If those with money like the idea they invest in it. The idea person had money and the potential, only the potential for making money. If the idea was well executed then that person makes money and:
The investor (s) make money as well. They were the people that got the idea off the ground by putting their own money into play. This is money that they could of lost if the idea turned sour. But for this exercise lets say that the idea was a great one and they hit a home run with the investment. Lucky for them. Why should they not be compensated.
The business investment will allow for the need to hire staff. These people will give of their time to get the idea off the ground. Many of them because this is a start up may be offered equity in the company or the option to buy said equity at a great price. If things work well they will not only have a job but a position in the company.
As the business grows others will be hired that may not be offered equity but will have a job within the organization making money in the form of income.
That is the way I see any great idea that works out. Each step of the way individuals are compensated for the part that they play. Some will make a lot and many will make some. Still everyone wins. For those that are employees and would like a better pay out, well the world can always use new well executed ideas to start this process over again.
It's a great idea if it works. Most small businesses fail. I'm thinking about branching off into vacation beach front condos. I don't want to be a landlord again and the stock market is way to volatile at this late stage in the game. Money takes on a life of it's own at a certain point and it can become a job trying to manage it. I would love to take an actual fun trip without it being about looking for an investment. I haven't done that in years. Workaholic until the day I die, I'm sure.
Just wondering if the one per-centers have anyway to make money other than from the labor of the working class?
Actually it there other way around. Most labor workers are totally dependent on the 1% who have ideas and invest in business that pays them and their workers. labor always has the option to provide their labor as self employed. Most find its a lot more work than they imagined and majority fail.
You had me agreeing with you wholeheartedly until you brought Ms.Warren into the fray. I agree with her assessment of the big recession that we went through, the changes made in legislation from business pressures that set the stage for the fall - and the lack of accountability of many of those who instigated it.
Our markets do require some regulation. A totally free market gives very little opportunity to grow a strong middle class. The rich will often get richer and the middle class becomes poorer. I feel that a strong middle class and mobility between the classes is best, even necessary for a democracy.
A totally free market is a myth people keep chasing. If it's not regulated, then its manipulated. The greed of mankind make it impossible to have a free market.
I made my money with stocks and real estate. Sure, I hired people, tradesmen, property managers, lawyers, accountants, and had used the services of stocks brokers and real estate brokers. Am I the bad guy? Or are you insinuating I couldn't have done it without their help?
Every time I traded a stock, there was someone else on the other side of that trade. If it worked out favorable for me, did I cheat the other side? On my losses, I never felt that I was cheated.
I worked many years as a computer programmer. I never felt that I was being exploited by someone wishing to get rich off my labor. I loved having a job. I provided a service in exchange for cash. I freely entered into this agreement and it likely worked out better for both sides. By the way, I didn't attend college and no one inspired me.
Every time I hire someone, it is to do a specific task. I don't hold a gun to their head but they all seem eager to trade their services for my money. Next time, I will ask them if they feel exploited.
Do something constructive with your life rather than regurgitate Elizabeth Warren's diatribe.
Gotta run, my gardeners are here, I have to tell them to get the **** out of here lest it be thought I am taking advantage of their labor
i feel no antipathy towards anyone who has ridden the wave of stock and/or housing gains of the past 40 years. i would've done the same thing.
however, having exploited the system is not a very good reason to defend it.
Trading stocks isn't doing "something constructive" as many would have you think. It's a transfer of wealth from one individual to another, creating nothing. It does not add to society.
Trading stocks isn't doing "something constructive" as many would have you think. It's a transfer of wealth from one individual to another, creating nothing. It does not add to society.
You cannot give Reputation to the same post twice.
Actually it there other way around. Most labor workers are totally dependent on the 1% who have ideas and invest in business that pays them and their workers. labor always has the option to provide their labor as self employed. Most find its a lot more work than they imagined and majority fail.
That isn't the only reason. The other reason is they cannot meet the overhead while trying to build capital. Lit more overhead these days.
Trading stocks isn't doing "something constructive" as many would have you think. It's a transfer of wealth from one individual to another, creating nothing. It does not add to society.
I think the argument is that sex doesn't do you much good unless it was your mommy and daddy. Its a retroactive necessity for you. IPOs are not going to sell without a secondary market. However that is not to say there isn't a valid point that stock trading does not tend to have direct benefits.
Not saying stock trading is bad. I do it. Just don't think you're adding to society doing it. The wealth has already been created, now you're just trading it.
Trading stocks isn't doing "something constructive" as many would have you think. It's a transfer of wealth from one individual to another, creating nothing. It does not add to society.
But that isn't true. Growth would be much slower in the private sector without the stock market. Where do you think funds for research and growth initiatives comes from?
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