Re:Survey shows people no longer believe working hard will l...
by treis on Tuesday June 15, 2021 @11:23AM
(#27516815)
>Do you feel the same way when people win lotteries?
I mean that's the point. Lotteries are supposed to be lotteries. The economy is supposed to be an economy where people earn what they receive.
Re:Survey shows people no longer believe working hard will l...
by ZephyrBlu on Tuesday June 15, 2021 @10:15PM
(#27524137)
Crypto, the stock market and startup equity are not the economy. They are far closer to lotteries.
Re:Survey shows people no longer believe working hard will l...
by rawtxapp on Tuesday June 15, 2021 @11:32AM
(#27516934)
I see where you're coming from, but people earn without risk, when I go to work from 9 to 5, I'm getting my paycheck, I know exactly how much it's going to be, I know exactly what time it's going to be deposited into my account, etc.
When I put my capital to work, I might earn, but I might also lose a lot (ask anyone who bought Bitcoin at 63k$ for example). Obviously, in a capitalist society, capital is the most important thing (I'm not saying that's right or wrong).
Also, if you have millions of people "investing" in the stock market, even in penny stocks, a few of them are bound to get right, you just don't hear too much about people that lost it all.
You're ignoring risk. Do you feel the same way when people win lotteries? Because everybody has access to Robinhood, so nothing is stopping you from gambling on penny stocks or random crypto and you just might get retirement money or lose it all.