Index-based investing is a form of socialism. Our investment system is broken [...]
Wait. What?
Welcome to the discussion of US Politics!
Rules:
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
Index-based investing is a form of socialism. Our investment system is broken [...]
Wait. What?
In her mind it's socialism because index funds are a kind of collective action: investors (including me) put their money into them, and then the funds are powerful enough to act in the interests of the investors. Of course the fund managers are really acting in their own best interests, but because both groups are heavily invested in the same fund, their interests align.
When they try to give $1 trillion with a T to Elon Musk by diluting existing shares to do it (literally robbing from people's retirement accounts to make him richer), index funds resist this and use their influence to try to get other investors to do the same.
She thinks index funds should just shut their mouths and quietly accept dilution of investor shares in order to make the oligarchs even more absurdly wealthy. Just stop fighting and it'll all be over soon.
Isnt the corporate excuse for inhumane, unethical and borderline illegal behavior usually that they have a legal obligation to protect the interests of their share holders? So how is diluting the stock to benefit one man legal then?
He is such an exceptional leader that we need to pay him $1 trillion or our business will suffer irreparable harm yada yada
Who cares what female Bubbles has to say about anything? She's just another fake Christian Trump teat nibbler whose motives should always be questioned.
“Whats an index fund, Julian?”
SHORT SHORT SHORT
Depose depose depose
What’s with the glasses?
Lol if you got any shares in Ark, time to divest