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felixwhynot@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

• Asafum@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  I was thinking about this yesterday, isn’t our “retirement” system a sort of reverse socialist policy? It’s socialist policy for corporations.

  You pay a corporation so they can benefit (stocks) until you are old enough to retire and then pray there is money left to take back out to retire with as opposed to just fucking paying taxes and then the government would give you a retirement distribution when it’s time…

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  • musicalphysics@discuss.online ⁨3⁩ ⁨weeks⁩ ago

    If you buy stocks that money goes to the previous stock holder, which is most generally not the corporation.

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    • Asafum@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Makes sense. For the sake of simplicity and to help my understanding say a company sells 100 stocks at $1, people buy and sell them amongst themselves after the full 100 have already been purchased causing the price to increase to $2, the company only ever took in $100 as it was the initial sale even though there is potentially $200 out there?

      If that is the case then why do we even talk about “billionaires” based on their company stock prices?

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      • noodles@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago

        I think their stock valuations are typically of the stock they own rather than total stock. Bezos for instance owns 8% of Amazon.

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