When The Pandemic Began
(twitter.com)
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Do I honestly have to explain sharholder capitalism to fucking conservatives??
Capitalism is the collaboration of capital and labor for mutual enterprise. Sometimes labor is in demand, sometimes capital. Guess which for a pandemic? Shops close so labor demand drops, but those shops stil have fixed costs for the demand for capital rises.
Those that can't continue operating lose their business, while those who continue to operate gobble up that marketshare. MArketshare rises, share prices rise, and if your 'wealth' is all just shares, then your 'net worth' or 'wealth' increases.
If Amazon stock doubles, then Jeff's wealth 'doubles' but he didn't make any money, it's all unrealized gains. You don't pay taxes on unrealized gains. Imagine your 401k doubled in a few good years in the market and the government sent you a bill for 20% of your 401k's value. Fuck no. That's why we don't tax unrealized gains.
I can't believe I'm seeing this marxist, "rich person evil" nonsense upvoted here. Is it fucked up that the pandemic killed small business? Yes. But this "but muh wealth inequality" bullshit is bullshit.
Thanks for the economics lesson Einstein but nobody is against capitalism. I’m a self employed business owner. The problem is when the government can pick who gets to stay open and must close over a fake pandemic with a 99.97% survival rate
Reread the image and then realize that's NOT what it's arguing