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2132d · Capitalism
I support capitalism, and letting people invest their capital in companies. The capital gains are earned for its help to the company, and for finding the right company to invest in.
replied 2132d
BTW that's not how it works. Capitalists just decide what investment firm to sign with-- they go to Fidelity & put in some cash. Decisions about capital allocation are done by workers.
replied 2132d
Large institutions, and even individuals, sometimes decide to pay others to invest for them. Then there are others who direct their own investment.
replied 2132d
Rich people are where investment decisions come from only to the same incredibly minimal extent that rich people are where food comes from because they occasionally randomly garden. :P
replied 2132d
Yeah, but they're just deciding to work for themselves as their own investment adviser, the real actual job of investing capital. Rich people just profit from owning & do nothing else.
replied 2132d
Most wealth is inherited and slavery and colonialism were just a few generations ago.
replied 2129d
have any numbers on that? from what I've seen most billionaires outside of Europe built their wealth.
replied 2132d
Most integrated wealth is from a few super rich families. In reality being rich is like q revolving door, and make it, and many lose it.