https://mobile.twitter.com/ParikPatelCFA/status/1385302237447172096
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How about we make this easy and just call it all income? It sounds like that’s close to what this is doing anyway.
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His ridiculous use of commas for effect or something might be the most titling thing of all.
lol “stocks fall on capital gains tax” headlines
Reviewed my Netflix watching and realized I literally haven’t watched a single thing on Netflix since Queen’s Gambit came out. Canceled my subscription, which I think I’ve continously had for like eight years. Maybe I’ll resubscribe when the next season of Ozark comes out.
oh look someone who blocked me for yelling at them for their stupid ass covid takes.
Queen’s Gambit was pretty good. And while I agree, I wonder if the past year of COVID had anything to do with the drop-off in quality content over the past year?
The group of Best Picture nominees this year is outstanding. Second best one in the last 10 years.
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https://twitter.com/markamesexiled/status/1385764171845865475?s=21
https://twitter.com/markamesexiled/status/1385764502503837701?s=21
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The big winner isn’t DeepFuckingValue
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Got in a discussion with a bunch of right wingers on a stock market discord. They truly believe the wealthy create all the jobs and deserve all the money. They are fine with their middle class lifestyle while their bosses buy a 2nd yacht. I don’t know how to reach these people.
It’s pure selfishness.
You can’t reach everyone. Consensus decision making is impossible.
Ok in that case yes. But in my case pure selfishness would be wanting a bigger cut from their job. I don’t get it. Who doesn’t want to make more money? Who wants their boss making a lot more than them?
it’s identity.
there was only one candidate in the 2020 field with the potential to bring about real change. two others could have brought about systemic change. but. … all of these questions, why do people vote against their interests… it is all about identity.
it seems to me, the answer is in attacking the identity. As in, its nonexistence-ness.
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leaving aside existential questions, why do poor people identify with rich?
spoiler, you cannot leave aside existential questions.
What are we looking at here? Percentage of total assets in retail investor accounts that are invested in equity?
I think it includes a broader set of assets than that. The chart is from a WSJ article, which describes it as:
Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 that includes 401(k) retirement accounts.
So lots going on here. Hard to parse what that chart really means. Level 1 “investors in 2021 love stocks” thinking doesn’t seem to capture it. For starters, if bond yields weren’t less than inflation for terms up to and over 10 years you’d probably have more conservative savers. Also the entire economic situation of households is dramatically different over the decades covered by that chart. Counting 401(k)s as household investments makes sense, but in the first part of that chart people would have had traditional employer pensions that presumably aren’t capture here. That chart could just be a way of saying “when we took away everyone’s pensions and forced them to save for themselves for retirement, and didn’t give them a fair replacement value of contributions to work with, they invested it all in risky assets”. Well, yeah.