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P-Townie t1_j5bf4k9 wrote on January 21, 2023 at 7:53 PM

Reply to comment by IamSauerKraut in MaineHousing ready to spend $21 million to provide overnight shelters this winter by Shake-Spear4666

A 401k millionaire is literally wealthy off of other people's labor.

IamSauerKraut t1_j5c8wdn wrote on January 21, 2023 at 11:17 PM

>A 401k millionaire is literally wealthy off of other people's labor.

huh.

So, the contributions they make from their paychecks are actually coming from other people's paychecks?

[That is not how it works!]

P-Townie t1_j5crso3 wrote on January 22, 2023 at 1:31 AM

Not the contributions, the gains are made off of the labor of others.

IamSauerKraut t1_j5cx186 wrote on January 22, 2023 at 2:10 AM

Makes absolutely no sense in the real world.

P-Townie t1_j5cyldg wrote on January 22, 2023 at 2:21 AM

Sounds like you're not able to defend your position.

IamSauerKraut t1_j5d7153 wrote on January 22, 2023 at 3:26 AM

You put forward a position. I challenge it. Your position has no facts, no evidence, nothing backing it up. Just... blather.

P-Townie t1_j5d8u63 wrote on January 22, 2023 at 3:40 AM

Stocks are ownership stakes in companies. The workers of those companies are the ones generating the profits you're benefiting from without working.

IamSauerKraut t1_j5evvxr wrote on January 22, 2023 at 2:45 PM

A simpleton's view of stock ownership to be sure.

P-Townie t1_j5f3eyj wrote on January 22, 2023 at 3:41 PM

Enlighten me.

IamSauerKraut t1_j5f8eog wrote on January 22, 2023 at 4:17 PM

Pull yourself up by your own bootstraps. I shall not do it for you.

P-Townie t1_j5gk358 wrote on January 22, 2023 at 9:23 PM

That's physically impossible. https://www.huffpost.com/entry/pull-yourself-up-by-your-bootstraps-nonsense_n_5b1ed024e4b0bbb7a0e037d4