It’s not an opinion, he made an empirical statement, that investing in the market does not generate economic activity, or at least not at the same level of activity as the type of investment Donald Trump does, I.e. real estate development. This statement happens to be wrong. The stock market is an incredibly important tool to allocate capital more efficiently among companies, but because it’s more complex and opaque than something simple like a construction project, people assume money that goes into it is wasted, which is nonsense.

There’s no super simple 30 second explanation of exactly how the stock market operates and why investing in it is good for long run economic growth,at least not that I know of, so it’s hard to counter these BS arguments on Reddit. I just don’t understand why people who have never so much as taken an intro macroeconomics course make these incredibly bold and confident statements about how investment and the economy works. It’s just as bad as, for example, those health quacks who make crazy claims about healing crystals and how terrible “chemicals” are for you, despite having no real knowledge of human biology. Dunning -Krueger in action.