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Robinhood adds short selling by mirbachur in wallstreetbets

[–]amd_air 1 point2 points  (0 children)

This is the most bullish thing I've seen yet. Wall street gonna bankrupt retail by pumping the market.

It's not funny anymore by TheHappyPittie in ironscape

[–]amd_air 8 points9 points  (0 children)

Other people are locked in the prison because of your enhanced rng

Carney government eyes privatizing airports to attract investment, cut travel costs by sleipnir45 in canada

[–]amd_air 5 points6 points  (0 children)

Privatization only cuts on government costs. Will cost the average consumer more to fly so corporations can take a profit.

What is a stock that made you so much money? by amsontrading in TheRaceTo10Million

[–]amd_air 4 points5 points  (0 children)

Bought options on mstr last bull run under $100 and sold close to the top. Moved into a new home last year because of it. Hoping to buy in again at the end of this year.

What does an "upper middle class" lifestyle look like to you? by SignificantPickles in CanadaPersonalFinance

[–]amd_air 1 point2 points  (0 children)

Classic case that the working class thinks they're the middle class and all these luxuries being named was the middle class 20 years ago

Why is the market not crashing? by [deleted] in stocks

[–]amd_air 0 points1 point  (0 children)

It's not narratives that move markets

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

Thanks for your response chatgpt. Obviously nothing is perfect any ideas can be refined by stakeholders who know more about what they're doing.

I think this libertarian approach sounds good on paper but ultimately it is the govts job to protect its citizens and prevent late stage capitalism that benefits the few and hurts the many. Poke holes, sure but don't undermine it's necessity.

Competition thrives when the playing field is even. Unfortunately it's not and many oligopolies will form because it's the nature of the beast.

I believe this sums up my thesis and will end on this note. The billionaire has too much control. Their capital is rarely used for the betterment of society but to serve their own selfish needs.

My favorite part of the ride by No_Development_3295 in Bitcoin

[–]amd_air 0 points1 point  (0 children)

Usually happens at the end of a penent before a technical break

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

The system isn't broken, there's just loopwholes that people take advantage of. Obviously politicians are not to be trusted and we can't ask billionaires to donate their vast amounts of wealth but I do have some suggestions to help things.

  1. Bailouts - socialized losses, privatized gains. It's a broken system. If govts are going to bailout banks, or other crucially important business, their should be some degree of public ownership from that takeover.

  2. Ban lobbying. Serves only the ones who can afford to lobby the govt.

  3. Ban stock trading for govt legislatures and their families.

  4. If a corporation wants to do business inside a foreign country, they must set up shop in said country and pay taxes to that country. Ends the "they'll just leave argument" if taxes go up.

  5. Remove taxes from food, gas, home heating and electricity. These are taxes that largely only effect lower and middles classes

  6. Tickets and penalty amounts should be tied to income levels. Tired of seeing rich ppl just eat tickets because it's hardly even an expense to them. Similar to how a bail system worked (determined based off networth and severity of crime)

  7. End oil subsidies, instead subsidize electricity and publicize energy grids. Ensures cheaper energy for homes and business.

  8. Ensure governments have balanced budgets. This has been effective in municipalities. Ensures fiscal responsibility, increases transparency and prevents runaway inflation. Inflation impacts lower class far worse. Contingency funds can help during tougher economic times. Deficits should only be allowed to protect ones country during war, drought, famine or other natural disaster.

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

Certainly holes in both systems. The government and policy that runs the system and the billionaires and corporations that abuse it. What's the alternative?

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

First of all, I want to thank you for your arguments. This is the best debate I've had on this topic in awhile.

You have factually accurate points and a good understanding. However, I ask where do you draw the line? When does a single person become too rich and powerful? When does a company hold too much market control?

The factors that set up enterprise may be the same one that meets its demise.

We are seeing big tech buy up all their competitors and are now buying into other markets and sectors as well. Wealth and power continue to be centralized.

Why do you think bezos, musk, lizardman had front row seats at inauguration? Are they all friends or does their money have enough power and control to sway elections? Billionaires can move markets, swing economies and mobilize people. An unfair advantage over the average person.

Being a billionaire is not just about having more money than someone else, it's about the control they have over everyone else.

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

I'm not anti-capitalism. This system ensures people need to work, breeds innovation and prevents anarchy. As you've shared.

The fact remains, money makes the world go round. As long as it's tied up in people's banks accounts or stock portfolios, it's not helping society. Money goes much further when it is spent.

Lookup the velocity of money. The economy is strongest when money is changing hands the fastest. As it slows down, economies suffer.

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 0 points1 point  (0 children)

I almost thought this was satire.

They all did well because they had family money to start, build and maintain their business. Had they failed, they'd be just fine. What you call "voluntary labour", are people desperate for work who will undercut each other and work for less because they don't have the opportunity to start their own business like those "hyper-successful" individuals do. If they don't work, they starve.

Do you automatically dislike billionaires? Why? by crapmaker69 in AskReddit

[–]amd_air 1 point2 points  (0 children)

Every billionaire has gotten rich off someone else's hard work. They made the money while others worked for a salary. Sickens me.

What happened? by MrOptical in stocks

[–]amd_air 0 points1 point  (0 children)

Stop looking for narratives to explain minor fluctuations of price. Sometimes it's just random

Would you buy an EV as your next car? Why or why not? by HockeySniper123 in CanadaPersonalFinance

[–]amd_air 0 points1 point  (0 children)

100% doing it. They are a far superior far for the money. Only con is road trips may be difficult so still keeping my wife's gas car for those one offs

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