this post was submitted on 05 Jun 2026
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Right now my health is not so stable meanwhile I need money. I doubt I can work like many people in the near future and what I can do is make stock investment or something like that.

Since I am not a socialist let alone a communist, I would like to ask you, my communist friends, for your opinion on this. And if you have any moral advice or a better solution, I'd love to hear it.

I am sorry if my English is bad.

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[โ€“] CriticalResist8@lemmygrad.ml 24 points 2 weeks ago (2 children)

The stock market is going to exist and do its stock market thing whether we individually participate in it or not. If you have a bank account, your bank already invests your money in the stock market, they make a 10% return on it while they give you 1% as "interest". So no there's nothing bad about participation, in fact I'd rather communists take their finances seriously and use the surplus to invest in the party or something.

In the other hand we know material conditions are the drivers of change and the drivers of ideas changing, and of course someone who starts making money will see their ideas change.

The way the stock market works though is for rich people to get richer and find property to possess. This is how it came to exist in the first place. When warren Buffett puts 10 million dollars in the stock market, and he makes 600k at the end of the year from it, that's more than most people make in 10 years.

But if you invest 10000 dollars and only make 600 at the end of the year, that's barely enough to cover rent. Its welcome income if you are not using the 10k, but its not a wage.

This is how the game is rigged, plus all the other plans and funds rich people are allowed to invest in that are not open to us. They pay 0 taxes because they report 0 income because they live on loans that put their stock as collateral. Loans are expenses, not income, so they avoid paying taxes. We're not gonna beat the bourgeoisie at their own game.

[โ€“] pyromaiden@lemmygrad.ml 5 points 2 weeks ago

dawg where you live that rent is only 600 ๐Ÿ’€

[โ€“] ComradeSalad@lemmygrad.ml 1 points 2 weeks ago

Taxes on capital gains only starts at 48,000 dollars a year. The vast majority are not paying taxes on their stocks.