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Andrea Junker :verified:'s posts Post Back to profile
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πŸŽ“ Dr. Freemo :jpf: πŸ‡³πŸ‡±

@CarKettner

>

That’s just wealth on papier as shares.

So are bank notes, and yet it is just as real as any other form of wealth. You say this like this money is less real than someone else.

@Strandjunker

25 February at 19:12 | Wall-to-wall | Open on qoto.org
6 comments
CarKettner

@freemo @Strandjunker There is a difference between shares and bank notes. The notes are immediately and always ready to be spent, shares are not and often shareholders are allowed to sell them. So, that's just "money" for the gallery which also can loose much value within a short period of time.

25 February at 19:21 | Open on toot.kif.rocks
πŸŽ“ Dr. Freemo :jpf: πŸ‡³πŸ‡±

@CarKettner

I can trade you a bank note immediately for food. I can similarly trade you a share immediately for food. Both are readily available. The difference is in how they are taxed, a share would be like trading gold or an asset, which has specific tax rules.

Both bank notes and shares can, in theory, loose money in short periods of time depending on the stability of the asset. Bank Notes are back on the stability of the US economy as a whole, securities are based on the stability of the security, which doesnt need to be in US dollars. As such a security can, in theory, be more stable (or less stable) than a bank note.

@Strandjunker

@CarKettner

I can trade you a bank note immediately for food. I can similarly trade you a share immediately for food. Both are readily available. The difference is in how they are taxed, a share would be like trading gold or an asset, which has specific tax rules.

Both bank notes and shares can, in theory, loose money in short periods of time depending on the stability of the asset. Bank Notes are back on the stability of the US economy as a whole, securities are based on the stability of the security,...

25 February at 19:25 | Open on qoto.org
Hexnut

@freemo @CarKettner
Arguments about the "realness" of the wealth aside, most of the envy in the original thread is from (IMO) a zero-sum mentality, in other words the stock wealth is at the expense of the rest of us, like there's only so much pie and these guys are taking my piece too. I always find that idea amusing and wrong.
@Strandjunker

25 February at 19:47 | Open on qoto.org
πŸŽ“ Dr. Freemo :jpf: πŸ‡³πŸ‡±

@ambihelical

Thats completely false, neither stock, nor economies as a whole, are a zero sum game. Nor is it true that you can only make wealth off of stocks by taking wealth from others.

@CarKettner @Strandjunker

25 February at 19:49 | Open on qoto.org
Hexnut

@freemo Yep, but unfortunately a widely held belief, sometimes only implicitly held, but held nonetheless.

@CarKettner @Strandjunker

25 February at 19:57 | Open on qoto.org
πŸŽ“ Dr. Freemo :jpf: πŸ‡³πŸ‡±

@ambihelical

Yup.. people seem to care more about having opinions (bad ones) as to how to solve problem than they care to actually understand problems.

I dont mind people being wrong, but the level of confidence with which people are wrong without exploring the topic in an educated way that bothers me the most.

@CarKettner @Strandjunker

25 February at 19:59 | Open on qoto.org
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