this post was submitted on 19 Sep 2023
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Work Reform

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[–] jimbo@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

What i am saying is that he is dumb to think rich people are rich because they invest and poor people are poor because they don’t invest.

Don't make fun of other people for reading comprehension and in the same comment demonstrate that you failed to comprehend what you read. The guy you replied to was saying that the wealthy generally invest their money while the less wealthy generally just save it. The former earns some kind of return while the latter slowly loses value. He didn't say anything about why anyone is rich or why anyone is poor.

Poor people generally don't have the luxury of investing. They don't have extra money to invest, and if they do, they generally can't take the chance of having their money tied up in investments when a situation might arise where they need access to it.