5:1 Tesla stock split

[HaulingAss]

I have no issue with people spending money, if they have it, as long as they live life. It sounds like you have lived life without spending money and that is fine. I was saying that I have known people that forewent living life with the idea that they would live their lives later.

True - My observation is just that people buy a ton of they don't need and then complain they don't have enough money left over. But they can't imagine living without any of that crap. So they spend their lives in debt with the power of compounding working against them, not for them.

And my problem is not with people who live life - it's with people who don't take responsibility for their own future and then become dependent upon society to take care of them when they can't work anymore. Because Social Security is not sufficient and was never designed to be a persons sole means of support in their old age.

I think it's crazy that the power of saving and investing is not taught in public school and the number of people I run into who think investing in stocks is just "gambling" is mind-numbing. The fact of the matter is the powers to be don't want the working man to figure out how to get ahead. They will lose their indentured servants and their world will fall apart without enough people to do every little thing for them.

 

[Crissa]

Society should take care of people.

The vast majority of people do not earn the kind of money that can be socked away to pay for who knows how long they'll be old and infirm. It's a rube's game to expect that to be possible.

Hence, pensions and social security. We should also have universal basic income and subsidies for basic living units, too.

Even if you don't think we shouldn't give it to just anyone: Such income and housing could be available for emergencies, students, artists, etc. A massive amount of domestic abuse happens because the victims cannot seek out alternate shelter.

I spent two weeks in a tent this year, hoping that I'd have a house to come back to. (Record numbers this year.) This happens to some number of people every year. Why don't we just have housing available for them?

Society can just afford things that individuals can't. Collective action defends our freedoms, why not our lives, too?

-Crissa

 

[Dids]

True - My observation is just that people buy a ton of they don't need and then complain they don't have enough money left over. But they can't imagine living without any of that crap. So they spend their lives in debt with the power of compounding working against them, not for them.

And my problem is not with people who live life - it's with people who don't take responsibility for their own future and then become dependent upon society to take care of them when they can't work anymore. Because Social Security is not sufficient and was never designed to be a persons sole means of support in their old age.

I think it's crazy that the power of saving and investing is not taught in public school and the number of people I run into who think investing in stocks is just "gambling" is mind-numbing. The fact of the matter is the powers to be don't want the working man to figure out how to get ahead. They will lose their indentured servants and their world will fall apart without enough people to do every little thing for them.

Why is social security insufficient? It doesn't have to be.

 

[ajdelange]

Check out one of the modernized versions of 'The Little Red Hen".

 

[Crissa]

https://www.kennethkuhn.com/writings/antisocialism/the_modern_little_red_hen.pdf

So the little red hen had resources. That's great.

But the average person had debts instead of enough land, water, fair weather, and muscle to farm.

Calling the one who wasn't trained 'idle' when the red hen wasn't willing to train? How would she have learned?

Calling the one who would have his food taken away 'idle' had he helped is? What would he had eaten all year?

And the story just ignores that the goose doesn't have the natural tools the hen does for scratching the ground. Or even bother what discrimination even is.

The privilege of the hen to not be willing to share, and yet pretend that she was?

Yeah. Right. That story was written by some guy with his head so far up his ass he couldn't see his own privilege.

-Crissa

 

[Dids]

Check out one of the modernized versions of 'The Little Red Hen".

Wow. Takes a complex issue and boils it down to a simplistic. The problem with simplistic is that it is done for the "simple".

The reason the cow couldn't help was that she was busy... had to eat grass all day to meet the quota... she was an economic slave.
The reason the pig couldn't help was because he was incarcerated in a pen. Did he do it? Nope. He was born a pig.

Why don't the water fowl help? Because they aren't farmers and scrounge their food by eating bugs and snails. Yup the same bugs and snails that would have destroyed the hens crop. Was she grateful to the village that made her crop possible?

Once she has her bread the story says that the system made her share. Of course she should share. It was the system that made it possible for her to have the free time to plant excess food that she was provided daily by the farmer(system). So she had the freedom to roam... the freedom to save... the freedom to use land... and was clearly able to raise capital to get an oven. Bet they wouldn't have given the pig an oven.... he is a convict.
So in the end the hen truly is a selfish capitalist. Thinks she did it on her own and never realizes that the system made it possible for her to do what she did.
The same system that enslaved the cow, incarcerated the pig, alienated the water fowl, provided the freedom and the capital.

 

[ajdelange]

I can't find it but my favorite version of the modern "Little Red Hen" was the one that included the line
"Everyone cried when Kermit the Frog sang 'It's hard being green'"

 

[OneLapper]

...... eventually the farmer ate them all. Problem solved.

 

[HaulingAss]

Why is social security insufficient? It doesn't have to be.

With the Social Security system under constant attack by Republicans, I certainly wouldn't want to rely on it as my sole source of income through my retirement years. Many conservatives fight tooth and nail to any attempt to strengthen it. If they had their way with it, there wouldn't be any S.S.! And it's difficult to predict with in any certainty who will be in power a decade or more from now.

Considering that it's projected to become insolvent by 2035 that's not something I want to hang my hat on.

 

[HaulingAss]

Society should take care of people.

The vast majority of people do not earn the kind of money that can be socked away to pay for who knows how long they'll be old and infirm. It's a rube's game to expect that to be possible.

Hence, pensions and social security. We should also have universal basic income and subsidies for basic living units, too.

Even if you don't think we shouldn't give it to just anyone: Such income and housing could be available for emergencies, students, artists, etc. A massive amount of domestic abuse happens because the victims cannot seek out alternate shelter.

I spent two weeks in a tent this year, hoping that I'd have a house to come back to. (Record numbers this year.) This happens to some number of people every year. Why don't we just have housing available for them?

Society can just afford things that individuals can't. Collective action defends our freedoms, why not our lives, too?

-Crissa

Hell, I agree with your sentiments, some of my friends have even called me a socialist. But that doesn't mean you should assume the world will turn out how you hope or dream it should be. Of course I recommend living in a healthy manner but even that offers no guarantees. It's simply common sense that one should do all they can to minimize the chances they will end up in a place they don't want to be should they not have good luck with health or jobs.

And the best way a person can do that is to save what they can while they are young and healthy and don't have big medical complications and expenses. However, I see many young people buying unnecessary toys and other luxuries by using credit so, instead of the power of compounding working for them through the years, it works against them.

That can be a difficult hole for a person to climb out of once they fall into it. That's all I'm saying. Time is the best asset a young person has and it's wise to not waste it by growing big debts and buying unnecessary luxuries. You want that power of compounding over time to work in your favor, not against it.

 

[Crissa]

Social security is not plotted to be insolvent, just to have used up the head start that we've been putting into it to pay off the baby boom. Then it goes back to normal financing from payroll taxes.

Tiny fixes, like letting all income apply (or just let the cap float on inflation) would solve the financing problem. It's a pretty simple problem.

-Crissa

 

[flowerlandfilms]

...also not wasting taxpayer money on a ridiculously bloated military would help...

 

[ReddykwRun]

What do you think a TSLA share will be worth in 2025?

Ignore any stock splits between now and then.

Go ask Kathy Wood at ARK Invests, she has a good idea.
Hint: A lot more that what it is today that's for sure.
I'm good with that.

 

[ReddykwRun]

...also not wasting taxpayer money on a ridiculously bloated military would help...

Like in China?

 

[ReddykwRun]

Hell, I agree with your sentiments, some of my friends have even called me a socialist. But that doesn't mean you should assume the world will turn out how you hope or dream it should be. Of course I recommend living in a healthy manner but even that offers no guarantees. It's simply common sense that one should do all they can to minimize the chances they will end up in a place they don't want to be should they not have good luck with health or jobs.

And the best way a person can do that is to save what they can while they are young and healthy and don't have big medical complications and expenses. However, I see many young people buying unnecessary toys and other luxuries by using credit so, instead of the power of compounding working for them through the years, it works against them.

That can be a difficult hole for a person to climb out of once they fall into it. That's all I'm saying. Time is the best asset a young person has and it's wise to not waste it by growing big debts and buying unnecessary luxuries. You want that power of compounding over time to work in your favor, not against it.

Dave Ramsey would agree.