The wealthiest own like 87% of the stock market, which both parties refer to as “the economy”…
So while I get how the thought of a general strike where we stop working is attractive.
But if we really want to hurt the rich, it means selling all your stocks and only buying the bare necessities. Leave them holding the bag on capitalism.
I’ve always thought the push for “average” Americans to get into stocks was just another way for wealth to trickle up. You’re not savvy for buying what Nancy Pelosi bought a month ago, you’re just pumping her numbers so she makes more when she sells.
The only way to win is not to play, but enough people need to refuse to play for it to work
The wealthiest own like 87% of the stock market, which both parties refer to as “the economy”…
First, the stock market only represents publicly traded companies. Privately held companies aren’t on stock exchanges. If you own stock in privately held companies there are usually very strict rules about how and when, and to whom you can sell. Its not a quick thing.
But if we really want to hurt the rich, it means selling all your stocks and only buying the bare necessities. Leave them holding the bag on capitalism.
The non-rich selling all their stock would likely help the rich. Here’s why: The rich use brokerages that monitor the stock market in realtime and can trade faster. As soon as a sell off would begin, the brokerages would get in and sell most of what they had first, meaning the non-rich would get a fraction of the value of the stocks they are selling. As soon as the selling of the non-rich ended, the rich would come back into the market and buy up the same assets they had before (and more) for a fraction of the price.
Wouldn’t this require that we’re all selling off at the same time?
Wouldn’t this require that we’re all selling off at the same time?
Yes, which is another impossibility. However I was giving OP the benefit of the doubt.
