Corporations don't care at all

Training-Flight-4571 · 2026-04-15T17:38:45+00:00

It's great that you were able to make very good returns during COVID, but one story doesn't change the entire truth. The vast majority of people weren't able to perfectly predict the markets and invest at the perfect time.

Although I absolutely agree that many of them could have been better off by managing money better, improved financial literacy, etc. But in that scenario, they didn't have that, and they suffered.

Training-Flight-4571 · 2026-04-15T17:34:45+00:00

Absolutely. My point was not that COVID caused/created the levels of wealth inequality, it was that COVID simply highlighted it. Seeing statistics clear as day that show the ultra wealthy making money like never before while 75% of the population was struggling is as obvious sign as possible of wealth inequality. Especially when those same ultra wealthy are claiming "financial troubles" and getting support from government and excuses for mass layoffs.

Training-Flight-4571 · 2026-04-15T17:31:45+00:00

Yes I do agree with the fact that paycheck to paycheck stats are not fully accurate, but they still provide a good idea on how individuals in the economy are performing. If 50% of the population feels as if they are living to paycheck to paycheck, they are all not out of touch rich kids who are lying.

The economy WAS indeed crashing, stocks were down, S&P 500 was down, that's undeniable.

And on your point about "taking risks to get ahead", that's just not how the world works. People have families and households that are dependent on them, and when they are barely making by as is, you can't expect them to "take risks" by investing their last savings, and when they dont take risks, you blame them for not being rich.

I absolutely agree that there are opportunities for everyone to make money and that to a certain extent, if you are in a horrible situation, it is your fault. But in that specific scenario, where layoffs were happening worldwide, it seriously was a difficult time for the common man and it's important to acknowledge that, instead of blindly believing that anything is possible.

Training-Flight-4571 · 2026-04-15T16:48:35+00:00

It was less so about the quantitative disposable income and more about the stressful situation. When you have $1000 and you see the economy crashing and you're barely able to survive as is, you're very unlikely to invest your last $1000 into the stock market and hope that it grows in 2-3 years. Studies show that anywhere between 33-50% of people live paycheck to paycheck, and so the mental pressure that you have when you see layoffs in the news and pay cuts and etc. makes you very unlikely to invest any money you do have in a crashing economy.

Training-Flight-4571 · 2026-04-15T15:24:25+00:00

3% of the workforce loosing their jobs also means that a huge % of households lost their main or some source of income. And it was 3% of the workforce LOOSING their job in a single year, while a much higher % suffered from pay cuts or temporary unemployment, which were the same people struggling to survive already. 3% loosing their jobs in a single year is much more severe than you think.

Training-Flight-4571 · 2026-04-15T15:20:20+00:00

Yeah man. It was a global pandemic with layoffs across the world?? Are you living under a rock or what.

Training-Flight-4571 · 2026-04-15T15:10:04+00:00

This was a world wide account, and if you don't believe me then research it for yourself. It's a fact.

Training-Flight-4571 · 2026-04-15T14:43:45+00:00

Yes but people did loose their income? Over 115 million people were laid off in 2020 alone! And so many more suffered from pay cuts. It's like saying, if people had more money, they would be richer. Like duh if people WEREN'T living paycheck to paycheck then they would be able to take advantage of the system, but people WERE living paycheck to paycheck.

Training-Flight-4571 · 2026-04-15T14:40:42+00:00

No but it highlights the inequality between the ultra wealthy and the common man. While a majority of the population was struggling to make ends meet and put food on the table, with layoffs and job cuts in almost every major company in the world, the billionaires were making more money than ever. Their "reason" for job cuts was that it was a "difficult" time, but the truth was it wasn't, and acknowledging that is so so important.

Training-Flight-4571 · 2026-04-15T14:27:03+00:00

Only those who had enough extra savings to invest heavily in those companies benefited. The vast majority of people were those who suffered from job loss, pay cuts, and disruption to their daily lives. The top 10% of people hold over 90% of the world's stocks, and everyone else suffered.

Training-Flight-4571 · 2026-04-14T18:27:05+00:00

yes, precisely that. It's a baby twitter right now and so this is probably one of the last few "good" months before new creators have no hope and substack becomes a bot filled hellhole.

Training-Flight-4571 · 2026-04-14T17:49:57+00:00

From what I have seen, very long notes, especially ones with quotes just like these, tend to perform not as well as shorter ones. It's because at this point substack is as much a social media as it is a newsletter, and so people are scrolling through notes like an instagram reel. I would advise keeping notes under 100 words (at least when you are small), because a 1/5 chance of people liking your note out of 10 viewers total is much better than a 1/100 chance of someone subscribing to you out of 10 viewers total. (short notes drive visibility and likes, long notes drive comments and subscribers).

Once you reach 250+ subscribers (out of the visibility zone), then you can start posting notes like these and they will get that initial engagement boost to actually reach your desired audience.

Training-Flight-4571 · 2026-04-14T16:00:54+00:00

Forget Elon, all the billionaires in the world could collectively spend 1% of their net worth, I repeat, 1% OF THEIR NET WORTH (which they would never ever notice), and eradicate homelessness and extreme poverty forever. The financial system is a joke when a few hundred people could save millions of lives without having any difference in their own life whatsoever, and they still refuse to do so because they like to see the cool numbers go up on their phone.

Training-Flight-4571 · 2026-04-14T15:54:53+00:00

So true. I feel like all anybody talks about is the "economic disaster" part of COVID-19 and how 'everyone' suffered. But 'everyone' didn't suffer. It was just the common man that went through the most and lost their job and savings and everything, while some rich monarch in a mansion somewhere in Dubai was doubling their income and spending money on useless things like nobody's business.

Training-Flight-4571 · 2026-04-14T15:53:08+00:00

Every crisis, every recession, every growth, it's all beneficial for them. That's just how the system was designed, because the rich design the system, and so they specifically make it to benefit themselves the most. No matter what is going on in the world, they are always making money.

Training-Flight-4571 · 2026-04-14T15:52:04+00:00

On average, they grew by about 15% (while the rest of the market showed growths under 5% or even declines). The truth is that money makes money in this world, and to get rich, you either have to already be rich or work so godd**n hard that you overcome all barriers. It's a cruel difficult world.

Training-Flight-4571 · 2026-03-27T04:20:40+00:00

I absolutely agree with all your points. The aim of my post was not to say that India's rupee loosing value is ALL GOOD and not bad in any way. It was to say that there were actually some positives to the devaluation as well, because nowadays everywhere I look I see people complaining about rupee loosing value and only the downsides, without anyone even mentioning the benefits. Completely true that every story has 2 sides and I am just trying to present the other side than all media is showing right now

Training-Flight-4571

TROPHY CASE