Quote:
Originally Posted by KSig RC
However, the reality is that allowing dumb people to do dumb things with dumb money they've poured into a dumb system will likely cause a massive increase in the need for social services, welfare, government-sponsored senior housing, etc.
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Don't we allow people to gamble their hard owned $$$ away? Doesn't our various governments sanction this possible loss of income? I see no guarantees that gambling will result in a reward of more $$$. The lottery also is a sinkhole where many dumb people sink their hard earned earnings. At least with the mutual fund market you will not lose all your principal as what you are, in fact, buying are shares of a fund at a price certain. One will still own the shares and as the market rebounds the shares regain their value. It may not be as quickly as one would like but it has always happened. I don't see the libs out there bitching about gambling and the lottery. Maybe that is because it is the governments that are taking peoples $$$ and not private entities. There is a little bit of hypocrisy there.
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