[ExI] robin hood steals from the poor protects the rich?
atymes at gmail.com
Fri Jan 29 04:18:12 UTC 2021
On Thu, Jan 28, 2021 at 8:10 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:
> I have seen that Musk’s factory builds cool cars
FWIW: as of tonight, I am driving a Model S. Finally got around to
> Sayeth MusK:
> “…u can’t sell houses u don’t own u can’t sell cars u don’t own but u
> *can* sell stock u don’t own!? this is bs – shorting is a scam legal only
> for vestigial reasons…”
The difference is, one stock of a given class in a given company is exactly
identical to any other stock of that class in that company, unlike cars and
houses. They're not even commodities; they're numbers.
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