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Comment Re:Buy my plastic rice machine (Score 2) 76

I knew several people in ruraltania who bought into the 3rd generation of raising Vietnamese potbellied pigs. First and second generations made a fair amount of money selling into a rising novelty market; the second generation also made money selling to third generation hopefuls. Third generation breeders lost their shirts of course. Before that it was small farmers in central Ontario who discovered that ginseng grows very well in that climate and soil and that was large, nay HUGE, demand for that root in the PRC. This is perhaps even more germane to the tech example because it takes the first crop of ginseng 7 years to mature, so many many Lake Erie-area farmers saw their early-in neighbors harvesting the crop and the cash - only to see the market flooded and prices crash the year before they were due to harvest.

Comment Re:giving all residents! (Score 2, Insightful) 48

Did you post this also when Musk said THE EXACT SAME THING?????

Unemployed people can't buy stocks.

More seriously, both this and Musk sound like the government seizing company assets and distributing it evenly to everybody. This is basically UBI, and it is a huge tax no matter how it is collected. It may work however, needs to be investigated with some seriousness and by people without preconceived notions of what will happen.

Comment Re:It's because it takes away from the state lotte (Score 1) 132

The difference has nothing to do with the knowledge.

In the stock market, the money put in is actually used to advance the value of the stock. It's an investment just like you paying somebody to make widgets (that manufacturer could screw up his work and lose all your money, but that possibility does not make it gambling). In polymarket the money you put in is not used in any way to advance the outcome you are betting on.

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