17 Jul 2022 11:21 pm
Its like when Huey said “Nobody forces you to invest in anything! You can choose what you invest in!”Cannonpointer » 17 Jul 2022, 10:07 pm » wrote: ↑ Study on it. Sam's Burger Joint can't get anonymous monies collected from my paycheck by a government whose rules impel and reward me to participate in "the market." And why can he not?
BECAUSE SAM DOES NOT PARTICIPATE IN THAT MARKET.
Sam is not a capitalist - by definition, he is not. If he were, he would have access to my retirement savings. He doesn't - so he's not.
And if Sam is not a capitalist, then he is not participting in capitalism. But he is participating in SOMETHING. I find it handy to call that something: "Free Enterprise." Well, mostly handy - with a fly in the ointment. Free Enterprise has been conflated by a gas-lit public with capitalism.
If Sam's Burger Joint is capitalist, please explain why Sam cannot get access to monies from my retirement account? And if it is NOT capitalist, please suggest a nomenclature that allows poor Sam's efforts to have a definition, in the minds of men.
It comes down to this: People who CAN get access to my retirement account and people who cannot are at different tables playing different games - and any definition which obscures that fact serves a lie. A definition broad enough to put my paperboy and my uber driver in the same category as pfizer is of little use to me.
well, as a worker in the US , if your employer matches your 401k contribution up to 6%, where exactly does that contribution go? It obviously goes to build a portfolio composed of publicly traded companies on the NYSE.. Yum brands, google, Coca Cola, etc..
so if you want to invest and have a retirement, you DONT get a choice. It’s not like you can choose to invest in mom and pops stores and expect that to be a retirement plan. There is COERCION, as you tried to point out to that knucklehead in your other thread on capitalism.