• 0 Posts
  • 172 Comments
Joined 1 year ago
cake
Cake day: August 2nd, 2023

help-circle
  • It’s my belief that the reason nobody has seriously tried to change the Constitution to remove or modify the 2nd amendment is that they know it’s currently impossible. Changing the Constitution requires a serious amount of working together and agreement between the state and federal governments, and that just doesn’t exist right now.

    That’s why some states are trying to pass unconstitutional laws, it’s easier to do that and get away with it at least for a little bit than it is to change the construction.











  • I can really see this going either way if Biden stays with his decision to run. I know every year people complain about having two bad choices, but Biden V Trump round 2 has to be a record for the actual worst options possible.

    I think the issues with both Biden and Trump are fairly obvious, but another issue is that if Biden does win, there is a fairly good chance we will end up with a president Harris, probably the one person people like less than Biden as a democratic president. I think she lost so much credibility when Biden promised he would pick a black woman as a VP, basically cementing the idea that part of her qualifications for the role of VP was based purely on gender and race.


  • It only bankrupts idiots like those on /r/wallstreetbets or those who put all their money into one stock. Yes the market may go down, and it may go down a lot, but that’s not going to make you bankrupt unless you make extremely dumb choices.

    Luckily most retirement plans come with a target date fund, which is an easy way to diversify and get basically guaranteed gains.

    Also, it’s the only retirement the middle class has, so you can’t destroy it.


  • Of course I know what hedge funds are, and that people manage them. It’s all about actively buying and selling stocks, bonds, and options.

    You can call it a terrible retirement vehicle if you want, but it’s literally how the middle class is able to retire. From 401k, to Roth IRA, to other much every other retirement account available to the middle class, it’s based on stocks, and it’s worked well for a ton of people.


  • Why do you think stock has value? It’s because it’s a piece of ownership of the company. Yes it’s a way for the company to get some capital, but it’s also the way for private company owners to cash in on their company being successful.

    Why is being paid in ownership insane? It’s directly tied to the performance of the company, if the company does well the stock does well, and it’s incentive to drive the company in the right direction to reward employees of all levels with stock.

    It’s insane to tax this ownership, it’s not worth the amount it looks like. If an owner had to sell their stock, the stock value would plummet not only because of the huge uptick in supply of stock available to trade, but because the person running the company now has little to no stake in the success of the company.

    You know who this also screws over? All the middle class people trying to retire on their stock values going up. You tax wealth, stock values will plummet, and there goes the middle class retirement, no thanks!



  • Nobody is actually suggesting income tax brackets here, they are suggesting taxing loans and taxing wealth. The things being suggested here have never been done, and yes they are radical because nobody had been crazy enough to implement these ideas ever in the whole history of the US.





  • I mean we are talking about a US issue, so yeah it does matter what the US thinks on US issues, and it really doesn’t matter what the rest of the world thinks.

    There aren’t many countries out there who don’t have a history of that stuff, I don’t see why the issues of the past matter at all in this scenario.