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Are those who make money from money sponging off productive members of society?
Were you trying to say “no”? Lack the sack to just say so? Your attempt at deflection is as failed as your blood-thirsty, inhuman ideology, doucherade.
Oh, and about your ‘source’...
What a scholar...Congratulations.Oh, and about your ‘source’...
What a scholar...
You spelled "Scholar" correctly.
I guess he's got no path to 270 against Hillary, the most qualified candidate....ever. DURRGood thing he was born rich.I guess he's got no path to 270 against Hillary, the most qualified candidate....ever. DURR
Yup, the rich guy spent half as much and still beat Hillary.Lost by 3 million votes, remember?Yup, the rich guy spent half as much and still beat Hillary.
How will the richest among us protect themselves and their property if (when?) catastrophic climate chaos makes money worthless?
MR Online | How the rich plan to rule a burning planet
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of "the future of technology’”. He was expecting a room full of investment bankers. When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology.
"They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: "How do I maintain authority over my security force after the Event?"
"The Event.
"That was their euphemism for the environmental collapse, social unrest, nuclear explosion, unstoppable virus, or Mr Robot hack that takes everything down … They knew armed guards would be required to protect their compounds from the angry mobs.
"But how would they pay the guards once money was worthless?
"What would stop the guards from choosing their own leader?
"The billionaires considered using special combination locks on the food supply that only they knew.
"Or making guards wear disciplinary collars of some kind in return for survival."
If your plan calls for allowing the world to drown in the swamp of mass death and destruction while you cower in a South Pacific bunker protected by hired killers wearing exploding collars, you are not likely to win much in the way of public support for the capitalist state economics that are creating the next mass extinction, are you?
If the d-bag OP had ever experienced life in a communist country he wouldn't be advocating such nonsense.
Were you trying to say “no”? Lack the sack to just say so? Your attempt at deflection is as failed as your blood-thirsty, inhuman ideology, doucherade.
Oh, and about your ‘source’...
What a scholar...Congratulations.Oh, and about your ‘source’...
What a scholar...
You spelled "Scholar" correctly.
I guess he's got no path to 270 against Hillary, the most qualified candidate....ever. DURRGood thing he was born rich.I guess he's got no path to 270 against Hillary, the most qualified candidate....ever. DURR
Yup, the rich guy spent half as much and still beat Hillary.Lost by 3 million votes, remember?Yup, the rich guy spent half as much and still beat Hillary.
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
How will the richest among us protect themselves and their property if (when?) catastrophic climate chaos makes money worthless?
MR Online | How the rich plan to rule a burning planet
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of "the future of technology’”. He was expecting a room full of investment bankers. When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology.
"They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: "How do I maintain authority over my security force after the Event?"
"The Event.
"That was their euphemism for the environmental collapse, social unrest, nuclear explosion, unstoppable virus, or Mr Robot hack that takes everything down … They knew armed guards would be required to protect their compounds from the angry mobs.
"But how would they pay the guards once money was worthless?
"What would stop the guards from choosing their own leader?
"The billionaires considered using special combination locks on the food supply that only they knew.
"Or making guards wear disciplinary collars of some kind in return for survival."
If your plan calls for allowing the world to drown in the swamp of mass death and destruction while you cower in a South Pacific bunker protected by hired killers wearing exploding collars, you are not likely to win much in the way of public support for the capitalist state economics that are creating the next mass extinction, are you?
I don't see that the rich rule anything to begin with.
Jeff Skilling was extremely wealthy, and had control over one of the largest energy companies in the world. He went to prison.
Lehman Brothers, and Bear Stearns were, between the two of them, companies that had been around for almost 200 years. Two of the most wealthy group of bankers on Wall St. Neither exist anymore, and all those executives have a tiny fraction of the wealthy they formerly had. Contrary to popular opinion, no one was 'bailed out".
And then you look at the credit card companies that opposed the Card Act, and it happened anyway. The insurance companies that opposed Obama Care, and it happened anyway. The banks that opposed Dodd Frank, and it happened anyway.
On and on..... where do you see these rich people "ruling" anything? It's not happening.
That said... who cares what these people do?
Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine.
Perhaps they are aware of an impending Event you don't expect (or are too stubborn to see)?Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.
Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
.If the d-bag OP had ever experienced life in a communist country he wouldn't be advocating such nonsense.
How will the richest among us protect themselves and their property if (when?) catastrophic climate chaos makes money worthless?
MR Online | How the rich plan to rule a burning planet
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of "the future of technology’”. He was expecting a room full of investment bankers. When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology.
"They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: "How do I maintain authority over my security force after the Event?"
"The Event.
"That was their euphemism for the environmental collapse, social unrest, nuclear explosion, unstoppable virus, or Mr Robot hack that takes everything down … They knew armed guards would be required to protect their compounds from the angry mobs.
"But how would they pay the guards once money was worthless?
"What would stop the guards from choosing their own leader?
"The billionaires considered using special combination locks on the food supply that only they knew.
"Or making guards wear disciplinary collars of some kind in return for survival."
If your plan calls for allowing the world to drown in the swamp of mass death and destruction while you cower in a South Pacific bunker protected by hired killers wearing exploding collars, you are not likely to win much in the way of public support for the capitalist state economics that are creating the next mass extinction, are you?
I don't see that the rich rule anything to begin with.
Jeff Skilling was extremely wealthy, and had control over one of the largest energy companies in the world. He went to prison.
Lehman Brothers, and Bear Stearns were, between the two of them, companies that had been around for almost 200 years. Two of the most wealthy group of bankers on Wall St. Neither exist anymore, and all those executives have a tiny fraction of the wealthy they formerly had. Contrary to popular opinion, no one was 'bailed out".
And then you look at the credit card companies that opposed the Card Act, and it happened anyway. The insurance companies that opposed Obama Care, and it happened anyway. The banks that opposed Dodd Frank, and it happened anyway.
On and on..... where do you see these rich people "ruling" anything? It's not happening.
That said... who cares what these people do?
Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine.Perhaps they are aware of an impending Event you don't expect (or are too stubborn to see)?Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine
MR Online | How the rich plan to rule a burning planet
"The most forward thinking of the super-rich are aware that we’re heading toward a future of ecological and social break-down.
"And they’re keen to keep ahead of the curve by investing today in the things they’ll need to survive.
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of ‘the future of technology’'. He was expecting a room full of investment bankers.
"When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology. They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: ‘How do I maintain authority over my security force after the Event?’"
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Wouldn't that make me a parasite?
Saving and investing some of your own money might make you less of a parasite.
Like a feudal estate, a corporation is considered a piece of property
Yes, people actually own corporations. And property.
Even if that fact makes you feel like a loser.
How will the richest among us protect themselves and their property if (when?) catastrophic climate chaos makes money worthless?
MR Online | How the rich plan to rule a burning planet
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of "the future of technology’”. He was expecting a room full of investment bankers. When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology.
"They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: "How do I maintain authority over my security force after the Event?"
"The Event.
"That was their euphemism for the environmental collapse, social unrest, nuclear explosion, unstoppable virus, or Mr Robot hack that takes everything down … They knew armed guards would be required to protect their compounds from the angry mobs.
"But how would they pay the guards once money was worthless?
"What would stop the guards from choosing their own leader?
"The billionaires considered using special combination locks on the food supply that only they knew.
"Or making guards wear disciplinary collars of some kind in return for survival."
If your plan calls for allowing the world to drown in the swamp of mass death and destruction while you cower in a South Pacific bunker protected by hired killers wearing exploding collars, you are not likely to win much in the way of public support for the capitalist state economics that are creating the next mass extinction, are you?
I don't see that the rich rule anything to begin with.
Jeff Skilling was extremely wealthy, and had control over one of the largest energy companies in the world. He went to prison.
Lehman Brothers, and Bear Stearns were, between the two of them, companies that had been around for almost 200 years. Two of the most wealthy group of bankers on Wall St. Neither exist anymore, and all those executives have a tiny fraction of the wealthy they formerly had. Contrary to popular opinion, no one was 'bailed out".
And then you look at the credit card companies that opposed the Card Act, and it happened anyway. The insurance companies that opposed Obama Care, and it happened anyway. The banks that opposed Dodd Frank, and it happened anyway.
On and on..... where do you see these rich people "ruling" anything? It's not happening.
That said... who cares what these people do?
Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine.Perhaps they are aware of an impending Event you don't expect (or are too stubborn to see)?Some rich guy has a security force, and an underground bunker? So what.
Please... these are just crazy people. Let them be crazy. What business is it of mine
MR Online | How the rich plan to rule a burning planet
"The most forward thinking of the super-rich are aware that we’re heading toward a future of ecological and social break-down.
"And they’re keen to keep ahead of the curve by investing today in the things they’ll need to survive.
"Writing in the Guardian in 2018, media theorist and futurist Douglas Rushkoff related his experience of being paid half his annual salary to speak at 'a super-deluxe private resort … on the subject of ‘the future of technology’'. He was expecting a room full of investment bankers.
"When he arrived, however, he was introduced to 'five super-wealthy guys … from the upper echelon of the hedge fund world'. Rushkoff wrote:
"'After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology. They had come with questions of their own … Which region will be less affected by the coming climate crisis: New Zealand or Alaska? … Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked: ‘How do I maintain authority over my security force after the Event?’"
You seem to be ignorant of human history. There have always been groups of people saying doom was coming. Throughout all human history, there have been such people. This isn't new.
Sudden anthropogenic climate forcing is something new.You seem to be ignorant of human history. There have always been groups of people saying doom was coming. Throughout all human history, there have been such people. This isn't new.
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Parasite, implies that you are giving nothing, to get something.
If you are spending your rightfully earned money, to invest in something that produces goods and services, how is that being a parasite?
A parasite would be like Elon Musk, getting money from the government for green-energy grants that produce absolutely nothing for the the majority of the population. That's being a parasite.
A parasite would be Solyndra collecting millions from the government under Obama, and then just disappearing.
But if you are spending your hard earned cash, to make a risky but prudent investment, and having that investment pay off.... why is that being a parasite?
And along those lines, your ending question makes no sense. Investors are the owners, because they are investors. That's why they are the owners, because they invested.
Most employees today, are also investors. I am investor myself. I own shares in about two dozen companies. Now where I currently work, I don't have stock in that company, because I don't think it's a wise investment, but other companies I've worked for, I did have stock in. So I was an employee and a part owner at the same time.
Again, if you want to take part in the profits of the company.... buy stock. Stop whining about it, and buy stock in the company.
Isn't that exactly the role shareholders play in our current common law property rights state?Parasite, implies that you are giving nothing, to get something.
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Parasite, implies that you are giving nothing, to get something.
If you are spending your rightfully earned money, to invest in something that produces goods and services, how is that being a parasite?
A parasite would be like Elon Musk, getting money from the government for green-energy grants that produce absolutely nothing for the the majority of the population. That's being a parasite.
A parasite would be Solyndra collecting millions from the government under Obama, and then just disappearing.
But if you are spending your hard earned cash, to make a risky but prudent investment, and having that investment pay off.... why is that being a parasite?
And along those lines, your ending question makes no sense. Investors are the owners, because they are investors. That's why they are the owners, because they invested.
Most employees today, are also investors. I am investor myself. I own shares in about two dozen companies. Now where I currently work, I don't have stock in that company, because I don't think it's a wise investment, but other companies I've worked for, I did have stock in. So I was an employee and a part owner at the same time.
Again, if you want to take part in the profits of the company.... buy stock. Stop whining about it, and buy stock in the company.
Do you see any significant difference between your examples and fossil fuel subsidies that carry the additional stigma of poisoning the planet we all call home?A parasite would be like Elon Musk, getting money from the government for green-energy grants that produce absolutely nothing for the the majority of the population. That's being a parasite.
A parasite would be Solyndra collecting millions from the government under Obama, and then just disappearing
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Parasite, implies that you are giving nothing, to get something.
If you are spending your rightfully earned money, to invest in something that produces goods and services, how is that being a parasite?
A parasite would be like Elon Musk, getting money from the government for green-energy grants that produce absolutely nothing for the the majority of the population. That's being a parasite.
A parasite would be Solyndra collecting millions from the government under Obama, and then just disappearing.
But if you are spending your hard earned cash, to make a risky but prudent investment, and having that investment pay off.... why is that being a parasite?
And along those lines, your ending question makes no sense. Investors are the owners, because they are investors. That's why they are the owners, because they invested.
Most employees today, are also investors. I am investor myself. I own shares in about two dozen companies. Now where I currently work, I don't have stock in that company, because I don't think it's a wise investment, but other companies I've worked for, I did have stock in. So I was an employee and a part owner at the same time.
Again, if you want to take part in the profits of the company.... buy stock. Stop whining about it, and buy stock in the company.
Because, unless your risky investment is made in an IPO it is speculation that contributes nothing to the corporation behind the stock. It's like buying a new car vs buying a used car. In the former case, your money goes to the corporation that produced the vehicle; in the latter your money goes to another consumer.But if you are spending your hard earned cash, to make a risky but prudent investment, and having that investment pay off.... why is that being a parasite?
Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Wouldn't that make me a parasite?
Saving and investing some of your own money might make you less of a parasite.
Like a feudal estate, a corporation is considered a piece of property
Yes, people actually own corporations. And property.
Even if that fact makes you feel like a loser.
Actually good point..... if you intend to retire on Social Security, that would make you a parasite. Living off the hard work of others.
Saving your own money, for your own retirement would make you less of a parasite.
Actually, your retirement on SSA comes AFTER your decades of productive labor has helped those who've come before you live a dignified retirement instead of dying in the streets when they are no longer capable of working.Actually good point..... if you intend to retire on Social Security, that would make you a parasite. Living off the hard work of others.
