You brought an economics argument to a rage thread. OP isn’t making a technical claim when they say “rent seeking behavior”, they’re angry and using it as a synonym for “greedy people”.
Some jackass buying a bunch of shares that were already issued and then flipping them for a profit isn’t doing shit other than enriching themselves. You might as well argue that scalpers are important. Oh wait, I have seen that brain-dead argument with “pRoViDeS LiQuIdItY!!1”
Ah yes, the people are angry about things they have every reason to be angry about. Thank goodness someone used a shallow pseudointellectual argument that glosses over basic truths!
You brought an economics argument to a rage thread. OP isn’t making a technical claim when they say “rent seeking behavior”, they’re angry and using it as a synonym for “greedy people”.
Some jackass buying a bunch of shares that were already issued and then flipping them for a profit isn’t doing shit other than enriching themselves. You might as well argue that scalpers are important. Oh wait, I have seen that brain-dead argument with “pRoViDeS LiQuIdItY!!1”
It does, a little bit. Stock offerings or buybacks are dependent on the market price.
Ah yes, the people are angry about things they have every reason to be angry about. Thank goodness someone used a shallow pseudointellectual argument that glosses over basic truths!
People are angry about things they don’t understand.
Case in point, the poster above you:
Thats… not a shareholder.
I don’t tilt at these windmills for the people arguing nonsense, but for people scrolling by.
Hello, person scrolling by here. Thank you.
I’ve thought about that too. Do you know if it works?
Well we also disagree. 😊👍
Commies aren’t people
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It’s not fascist to dislike commies who drop by just to say something as snarky as it is stupid.
I returned your comment in kind.
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