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View Diary: Is Race a Problem for the Left? (338 comments)

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  •  One is curious as to how shareholders paid for (0+ / 0-)

    their stock certificates without doing work.

    •  One is? (1+ / 0-)
      Recommended by:

      I don't know who one is, but back when I actually owned stock, I did nothing, and raked in dividends.  Later, when I'd gone long enough, I sold the stock (for an added profit).  I added nothing to the company, produced nothing, and yet money that otherwise could have gone to the people actually working for the company went into my pocket.

      •  Actually you DID do work. (1+ / 0-)
        Recommended by:
        Catte Nappe

        You risked your money and you spent time analyzing which investment to make.

        The scandal is that you only paid 15% tax on your work while the guys who worked for the company had to pay 35%.

        But the capital gains tax loophole is a subject for a whole 'nother Diary...

        •  I still disagree. (1+ / 0-)
          Recommended by:
          Catte Nappe

          I 'risked my money' in the same way that you 'risk your money' when you go to a casino.  But even if I'd lost it all, it did nothing for the company, it didn't produce anything.  It helped keep a stockbroker employed, I guess.  Second, analyzing investments?  Not really.  I bought stocks in companies I simply thought were doing things that would become more popular.

          The only shareholders who do anything for the company are those who buy stock in IPOs or secondary offerings.  The company gets their money.  The people who trade it thereafter are merely parasites on the system.

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