Ask Lemmy
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My use of the "Mulch the rich crowd" as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
You used it seemingly as a term for "people with lots of money and investments" thus able not only to not sell to keep up with cost of living increases, but also buy up things sold by those who needed to liquidate assets to keep themselves afloat.
Now, they may not be mutually exclusive circles - but the overlap would be neither informative nor relevant to the point.
For instance if someone is talking about birds and mentions a quality of vertebrates, and you come in with "and vertebrates can breathe underwater!" because fish are vertebrates and you are very clever.
Seems to be happening today! How come no celebration? I remember seeing Lemmy posts where people wanted to see wall street burn to the ground! Then it'd get hundreds of upvotes. What happened? Where's that crowd?! lol
Here's the real reason, IMHO: Because for all of the anti-wall street talk, and the anti-wealth talk, the fact is that Lemmy users on average make more than most americans. So when shit like what's happening happens, it actually affects them. The very fact that there are so many Lemmy's worried about their stocks shows that they are the part of the very crowd the like to see destroyed. It was all for upvotes.
Reality hits different.
Now as much as I would love to see this continue to happen. And Lemmy actually be as poor in reality as they pretend to be, I know the market dip won't last. No millionares are gonna lose their status. All the crying Lemmys who are making $100K a year will be just fine, and they'll continue acting like they make $15K a year and then watch their stocks rise in between fake justice warrior postings.
So yeah, I am fucking loving the news. Loving what is happening. And I think people are getting exactly what they deserve.
Also, I'm already poor. The wall street news hasn't changed my life at all. No one tiny bit. Except that my little extra fun money is now being used on buying stock and crypto cuz it's all cheap! lmao
Apart from Luigi, who is mulching/has muclh4d b/millionnaires recently? I must have missed that news item.
Hope your crypto investments work out better this time. Maybe lean on the stocks a little more.
P. S. I think that there's a wide continuum of posters. It's not all one guy with one ideology and 100,000 accounts.
Of course, I'm just being a bit dramatic to make my point, because you have to admit that Lemmy DOES skew one way heavily. The vast vast majority of Lemmy leans left.
So far. More and more people are coming on every day. So it may even out.
But even regarding our growth, I see lots of posts saying that people should be banned if they are conservative.
And yeah, my crypto worked out awesome last time, and will this time. But I don't invest a lot in either crypto or stocks.
I only invest what I can afford to lose. Which is why I never panic when market dips happen.
It seems mostly centre left, with a strong added helping of either liberterianism/anti-authoritiatianism or tankie, that's certainly true.
You're right, that there are smug keyboard warrior types, like those who were delighted that Thailand or Vietnam sentenced that female millionaire to death while letting the men involved off. I took umbrage with them. It wasn't revolutionary, it was sexism and maintaining the status quo.
You have the right idea with investing, too - if its something one wants to do. Provided you can keep earning enough to not need to sell unplanned. Follow the market, but don't let panic take over. Good luck with it all.
I truly wish there were more here with your outlook. Seems like so many here lately have been doomscrolling and just wanna lash out and base their entire identity on politics.
I still like it here better than Reddit, but ugh, hopefully Lemmy can stop being so hateful. I am on both Reddit and Lemmy, and Reddit doesn't seem to be as personal about it's hate and insults like Lemmy is sometimes.
But yeah, in the end, we're all gonna make it, brother. Some people just need to go outside more to realize it. lol
And I was right when I said that. Cuz I now market is getting back up. This is awesome