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@clubownergaydunaway

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I love the complete lack of basic understanding of economics and finance inherent in this tweet

When the stock market goes up it indicates that the economy is growing overall. So it’s the inverse of what the tweet points out happens when the stock market goes down; when the stock market goes up, employment goes up and wages increase. As a result of higher wages and greater employment, the total amount of taxes increase so the government is better funded resulting in higher quality welfare programs, improved infrastructure, better public schools, etc which before everyone. It is true that those invested in the stock market benefit more directly, but that’s not because they are rich. You can literally invest $10 in the stock market and benefit; it’s not only for the wealthy. So it’s true that when the stock market goes down, people lose jobs but it’s not BECAUSE the stock market goes down. It’s because the economy is declining overall. Saying the stock market going down causes unemployment is like saying a thermometer that says you have a fever caused the fever when in reality it is just a measure of what exists independently of the thing doing the measuring (I.e. thermometer or stock market)

Right, but like only a potato would read the initial tweet and think that it is implying causality. The argument is just that when the market conditions that cause the stock market to go up exist then that profit is largely pocketed by the wealthy (compare the growth of the market to the stagnant ass growth of salaries over the last thirty years if you don’t believe me) while the costs of a contracting market are ALWAYS borne by workers. You can be pedantic about what is the cause, but it ain’t gonna change the fact that capitalism is the crisis.

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c-bassmeow

Some Italian Americans are so funny cus they’ll be like 67877th generation, not know one word of Italian, can’t even point Italy on a map, and the only thing their parents ever cooked that was Italian was spaghetti and meatballs with ragu sauce and garlic bread that came from a freezer. But they’ll be the first ones to say “we do x y and z cus we Italians!” And they’ll rep Italy as if they’d just left.

If that’s all it takes to be Italian, I too am Italian for all the times I had Italian genetics inserted inside me while on all fours during my summers on Long Island.

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