Comment by sokoloff
7 hours ago
“Never lost money over any 20 year period” is a good enough refutation of investing in the S&P being gambling in any way that matters to allow me to act.
Others might be more conservative and I hope they find and choose investments which match their style and risk-tolerance.
> in any way that matters to allow me to act.
I don't care how you act. That capitalism benefits the rich is not the subject of debate. This isn't /r/wallstreetbets
What is at stake us that all value is created by labor; and that the capitalist class (of which you are a member) is allowed to profit despite not producing anything at all. That makes you a parasite. Isn't that what the rich say about the poor?
> What is at stake us that all value is created by labor
That's the communist "Labor Theory of Value" which is nonsense.
For example, spend the day digging a hole in your backyard. Did you create any value? Nope.
> That's the communist "Labor Theory of Value" which is nonsense.
Can you explain how it's nonsense? Can you think of a valuable product or service that you consume that is not produced by labor?
> For example, spend the day digging a hole in your backyard. Did you create any value? Nope.
I didn't say that all labor produces value; I said that all value is produced by labor. As a Smart Guy who Created His Own Software Company with No Capital At All, I'm sure you know enough about elementary logic to recognize the difference.
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