• atzanteol
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    17 hours ago

    Only the wealthy would hold on to their money, which they’re already doing.

    No, they invest it otherwise it loses value over time. Invested money is put to work.

    • ironhydroxide
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      14 hours ago

      Work? Like “buying” yet another company? Or stock buybacks?

      • atzanteol
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        13 minutes ago

        Like loans to companies and individuals, startup investments, stock purchases, etc. Money that moves around is useful. Money that is tucked under a mattress is not.

      • sinedpick@awful.systems
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        12 hours ago

        No, like paying your wages. You should read a bit about how things work before getting upset.

        • ironhydroxide
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          11 hours ago

          The fuck you think investors do at all? What value do they create? They definitely don’t pay my wages from their own “investment”. My wages are paid from the profits created by myself and coworkers working to create, market, sell, distribute the product. Soon as those profits don’t hit targets investors will absolutely vote to downsize or shutter entirely, not “invest” and continue paying wages.