r/FluentInFinance • u/AdFar3727 • 5d ago

People in this sub Discussion/ Debate

Why are there so many people who couldn’t get a C- in high school personal finance in a sub that is called fluent in finance?

76 Upvotes

77% Upvoted

141 comments sorted by

View all comments

25

u/AgentMichaelScarn_1 5d ago

Because rich people bad. If you have a positive net worth you are bad too!

-7

u/VortexMagus 5d ago

"socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."

Your post reminded me exactly of this quote LMAO. And I'm not even socialist - I'm a libertarian. I'm just capable of thoughts of my own without gargling Elon Musk's jizz like you.

2

u/frost666 5d ago

A proper libright would literally never post that quote lol

2

u/VortexMagus 5d ago

Bullshit. A proper libertarian prefers market solutions but will absolutely use the government to solve problems that a market will never fix.

A proper libertarian doesn't worship the ground our billionaires walk on, he recognizes that in a properly competitive free market there's no shot they get so heavily overpaid since the value of their labor isn't even a fraction of their compensation.

2

u/frost666 4d ago

but will absolutely use the government to solve problems that a market will never fix.

In your scenario "capitalism" is the problem and "socialism" is the proposed solution.

I'd wager you'd have a hard time rallying modern American Libertarians around that. Obviously political alignment encompasses a broad spectrum of idealogy so perhaps ultimately we're just describing different things entirely - but I have a hard time imagining gun-toting tax haters parading around with their snake flag demanding more socialist government policies.

2

u/VortexMagus 4d ago

In your scenario "capitalism" is the problem and "socialism" is the proposed solution.

Sure, but from that perspective roads, water, and electricity are all "socialist" too, right? It's the government paying for outcomes that no market would create. Private industries surely couldn't afford to build and maintain a national road network so clearly we have to fall into the socialist trap of having the government pay for it.

Private industries might be able to build and maintain a power network in large cities but moving it out to the country would be severely inefficient - there wouldn't be any profit due to the incredibly low population density relative to the amount of work to be done. The government basically paid to ensure that our farmers get water and electricity the way everybody else does, even when the market is not favorable to this outcome - pure socialism no?

If you think libertarians hate public roads and the electrical grid I think you are sadly misinformed.