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Author Topic: Occupying Wallstreet  (Read 294346 times)

Reelya

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Re: Occupying Wallstreet
« Reply #4080 on: November 13, 2012, 01:57:24 pm »
Quote from: Mictlantecuhtli on November 13, 2012, 01:55:38 pm
Quote from: Reelya on November 13, 2012, 01:51:50 pm
Quote from: Urist Imiknorris on November 13, 2012, 09:23:24 am
But then you'd be unable to buy low, sell high. You'd have to buy high, and hope to sell higher.

It'd do away with the leeches and only leave the legitimate investors. Losing out the ability to make a "quick buck" with no labor investment isn't the best argument against something.

Legitimate investors don't buy low and sell high? Jesus.

Legitimate investors buy stocks to hold longterm. Speculators rely on "buy low sell high"

fuck the speculators.

"buy low sell high" is NOT INVESTING, it's a parasitic activity that generates no GDP or value.
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Leafsnail

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Re: Occupying Wallstreet
« Reply #4081 on: November 13, 2012, 02:02:21 pm »
Short-selling should definitely be banned considering it's an inherently destructive practice.  If you're profiting by destroying rather than creating wealth there is a problem.
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Mictlantecuhtli

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Re: Occupying Wallstreet
« Reply #4082 on: November 13, 2012, 02:04:59 pm »
Should we ban gambling as well?
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I am surrounded by flesh and bone, I am a temple of living. Maybe I'll maybe my life away.

Quote from: Sir Finkus on March 30, 2012, 03:08:24 pm
Santorum leaves a bad taste in my mouth,
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MetalSlimeHunt

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Re: Occupying Wallstreet
« Reply #4083 on: November 13, 2012, 02:05:35 pm »
Most states already ban gambling, as I recall.
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Quote from: Thomas Paine
To argue with a man who has renounced the use and authority of reason, and whose philosophy consists in holding humanity in contempt, is like administering medicine to the dead, or endeavoring to convert an atheist by scripture.
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Mictlantecuhtli

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Re: Occupying Wallstreet
« Reply #4084 on: November 13, 2012, 02:06:32 pm »
Quote from: MetalSlimeHunt on November 13, 2012, 02:05:35 pm
Most states already ban gambling, as I recall.

Odd that state's rights are only important in some cases.
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I am surrounded by flesh and bone, I am a temple of living. Maybe I'll maybe my life away.

Quote from: Sir Finkus on March 30, 2012, 03:08:24 pm
Santorum leaves a bad taste in my mouth,
Card-carrying Liberaltarian

Luke_Prowler

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Re: Occupying Wallstreet
« Reply #4085 on: November 13, 2012, 03:23:41 pm »
I don't see why we just don't ban it all together. Investors are the furthest away from the working of a company and know the less about it, yet seem to have the most power over it.
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kaijyuu

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Re: Occupying Wallstreet
« Reply #4086 on: November 13, 2012, 04:13:04 pm »
I'm sorta neutral on gambling. I don't like it, but I don't see any effective way to ban it.

I will say it's the best way to show how fools and their money are soon parted.
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Quote from: Chesterton
For, in order that men should resist injustice, something more is necessary than that they should think injustice unpleasant. They must think injustice absurd; above all, they must think it startling. They must retain the violence of a virgin astonishment. When the pessimist looks at any infamy, it is to him, after all, only a repetition of the infamy of existence. But the optimist sees injustice as something discordant and unexpected, and it stings him into action.

Levi

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Re: Occupying Wallstreet
« Reply #4087 on: November 13, 2012, 04:25:07 pm »
I like investing...

I think it probably just needs more restrictions/regulations for things like day trading and short selling.
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Leafsnail

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Re: Occupying Wallstreet
« Reply #4088 on: November 13, 2012, 05:01:17 pm »
Quote from: Mictlantecuhtli on November 13, 2012, 02:04:59 pm
Should we ban gambling as well?
Gambling doesn't destroy wealth, so there's no comparison to be made here.

Short selling = "You make money if you can cause damage to a business" (you can also predict something else causing damage to a business, but the incentive to fuck up the business is still there)

Gambling = "You make money randomly"
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SalmonGod

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Re: Occupying Wallstreet
« Reply #4089 on: November 14, 2012, 05:32:06 am »
So there's a pan-european general strike happening today.  I hear it's the first event of its kind.  Looks pretty big.
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In the land of twilight, under the moon
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scriver

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Re: Occupying Wallstreet
« Reply #4090 on: November 14, 2012, 06:26:28 am »
Wait, what? I must've really been isolating myself even more than I thought, because I've heard nothing of that. What is it for? By who? Damn, so much to look up now.
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Darvi

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Re: Occupying Wallstreet
« Reply #4091 on: November 14, 2012, 06:33:39 am »
What he said, minus the surprise because I generally have no clue anyway.
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SalmonGod

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Re: Occupying Wallstreet
« Reply #4092 on: November 14, 2012, 07:27:54 am »
Yeah... participant countries I've seen mentioned:  Spain, Greece, Portugal, Italy, Britain, France, and Belgium.  Coordinated general strike.  I know the strike is extremely widespread in Spain and France.  I saw a picture of a major rail station completely abandoned supposedly during rush hour.  Hundreds of flights cancelled.

According to this article there are solidarity marches in even more countries.
« Last Edit: November 14, 2012, 07:40:26 am by SalmonGod »
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In the land of twilight, under the moon
We dance for the idiots
As the end will come so soon
In the land of twilight

Quote from: Vector on October 06, 2011, 03:14:08 pm
Maybe people should love for the sake of loving, and not with all of these optimization conditions.

scriver

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Re: Occupying Wallstreet
« Reply #4093 on: November 14, 2012, 07:40:09 am »
Read up a little on it. Should totally be in the progressive thread, though :P
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Love, scriver~

SalmonGod

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Re: Occupying Wallstreet
« Reply #4094 on: November 14, 2012, 07:43:15 am »
Really?  I've kinda come to see this as a multi-purpose thread for protest and corruption, and the progressive thread more about prejudice and related social issues.

The strike has a Twitter and The Guardian has a page for live updates.
« Last Edit: November 14, 2012, 08:44:58 am by SalmonGod »
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In the land of twilight, under the moon
We dance for the idiots
As the end will come so soon
In the land of twilight

Quote from: Vector on October 06, 2011, 03:14:08 pm
Maybe people should love for the sake of loving, and not with all of these optimization conditions.
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