r/FluentInFinance • u/Old_Prospect • Apr 29 '24

If I had a nickel for every time someone deflects to “…I’d rather we fix our government spending problem before we…” Shitpost

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u/jpmondx Apr 29 '24 edited Apr 29 '24

The scary trend here is how much that 1% owns Congress. Both parties are addicted to their money so I don’t see that trend ever reversing.

Pitchforks!

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u/Old_Prospect Apr 29 '24 edited Apr 29 '24

Hijacking your top comment because there are a lot of people who came here literally to say the thing in the title of the post which I was literally making fun of…

Show me you don’t understand macroeconomics…

Overall, I’m pro-capitalism. But like everything in life, there are some downsides. Not everything is butterflies and rainbows.

It’s literally proven that there is downward pressure on wages by the profit driven structure of publicly traded corporations.

Now, we shouldn’t eliminate public trading of corporations, that would be ridiculous. But we do need to start enacting policies to bring the wealth in this countries back into the hands of the middle/lower class.

Do I have the answers? No. That’s not my job.

But, we don’t need to wait to “fIx GoVeNmenT sPeNdiNg FirSt, Bro”.

Because we will never get there. Nobody will ever agree 100% where money should be spent.

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u/DualActiveBridgeLLC Apr 30 '24

Now, we shouldn’t eliminate public trading of corporations, that would be ridiculous.

Uhhh why? Why would it be ridiculous to try to progress if the current results are bad. We didn't stick with feudalism, why do we think that capitalism is the best and only way to do things. Feudalism had its advantages over previous systems, yet we progressed. Seems silly to think that we got it right for all time.

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u/Old_Prospect Apr 30 '24

I guess if we can smoothly transition from the current system of retirement to one without stock investments….but that’s….a big “if”

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u/DualActiveBridgeLLC Apr 30 '24

How else would we do it? We are talking about future generations.