• kibiz0r@midwest.social
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    7 months ago

    At the risk guarantee of taking a meme too seriously…

    Buying, rather than saving, is how the rich get richer. They buy rentable assets. The value goes up faster than a savings account, and they have the added bonus of turning a profit along the way too. Even a company is basically a rentable asset. You pay for the privilege of using the company to make money for yourself.

    If consumer activity stagnates, it’s not really a threat to the rich. The economy just rallies around servicing assets instead. And putting your money in a savings account doesn’t keep it out of the hands of the rich, either, cuz who do you think benefits from the loans the bank makes using that money?

    • Landless2029@lemmy.world
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      7 months ago

      “You need to have money to make money.”

      This strategy also includes knowledge.

      I didn’t learn this from my parents or school. Only later in life I learned about investments thanks to the internet.