This isn’t the rich, that’s what makes it so sad. These funds are managed by vultures, yes, but these portfolios are quickly bundled and turned into financial instruments, which in turn portions of them are rolled into other funds, which in turn are sold to groups like teachers pension funds, or fractions sold on Robinhood using fancy names that disguise what is in them. These funds are sold not to the rich but to those trying to stay ahead of the meat grinder that is the American capitalist economy. The rich get fees that are completely divorced from how well the funds perform, meanwhile working folk are inadvertently funding and fueling the machine that is making it impossible for them to afford to buy a home.
Yeah, that too, but my complaint is about the system that makes the rich while simultaneously convincing us to inadvertently participate in and strengthen our own economic slavery.
If repeating your meaningless slogan is the only response you can muster to someone actually trying to offer substantive explanation, you’re the one that lacks understanding, whether willfully or not.
Writing it in all caps only further emphasizes this.
This isn’t the rich, that’s what makes it so sad. These funds are managed by vultures, yes, but these portfolios are quickly bundled and turned into financial instruments, which in turn portions of them are rolled into other funds, which in turn are sold to groups like teachers pension funds, or fractions sold on Robinhood using fancy names that disguise what is in them. These funds are sold not to the rich but to those trying to stay ahead of the meat grinder that is the American capitalist economy. The rich get fees that are completely divorced from how well the funds perform, meanwhile working folk are inadvertently funding and fueling the machine that is making it impossible for them to afford to buy a home.
I don’t think you understand.
EAT.
THE
RICH.
Yeah, that too, but my complaint is about the system that makes the rich while simultaneously convincing us to inadvertently participate in and strengthen our own economic slavery.
That’s by design though. They get rich off selling us the promise of something being the next frontier of personal sovereignty.
💯
If repeating your meaningless slogan is the only response you can muster to someone actually trying to offer substantive explanation, you’re the one that lacks understanding, whether willfully or not.
Writing it in all caps only further emphasizes this.