Day trader army loses all the money it made in meme-stock era

Re:Day trader army loses all the money it made in meme-stock... by arinlen on Monday May 09, 2022 @06:01PM (#31320391)

> College students who weren't planning to have any income anyway before Covid hit. And that's at least still a relatively "legitimate" payout compared to the screw-ups like sending money to prisoners [0].

Where exactly do you see a problem with that? To put it differently, do you feel it's better to arbitrarily discriminate against elements of your society with a program intended to actually help everyone everywhere?

More importantly, what leads you to believe that the goal of the COVID stimulus was to help individuals instead of society as a whole? Think about it for a second. In a moment in time where circumstances were leading to an unprecedented economic crunch, wouldn't a bottom-up consumer side stimulus help economy stay afloat?

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Re:Day trader army loses all the money it made in meme-stock... by harambae on Monday May 09, 2022 @06:17PM (#31320568)

Because college students yolo-ing on Gamestop options isn't especially productive for society.

But, as I said, my bigger issue is the massive PPP fraud. And my issue with massive fraud on the scale of hundreds of billions of dollars is that the US is already deeply in debt.

And my issue with the nation being deeply in debt is that future generations will have to pay for the profligate spending of this one, which I find immoral.

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Re:Day trader army loses all the money it made in meme-stock... by fsckboy on Tuesday May 10, 2022 @12:41AM (#31323515)

> a program intended to actually help everyone everywhere

it should have been a program to minimize the shock to the economy.

it should never have been a program to help everyone everywhere, because this type of program triggers inflation and is often followed by recession.

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