What's the point of doing business? (lemmygrad.ml)

submitted 4 months ago* (last edited 4 months ago) by VeganicTankie@lemmygrad.ml to c/comradeship@lemmygrad.ml

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Why bother making startups when I can just invest in shares&crypto and make my usual 1-2% per year? Capitalism "breeds innovation" but most startups are really just "make toilet paper a subscription" or "buy from China/USA/Germany and resell". There are few startups based on actual scientific advancements.

Yes, I'm asking about investing while I'm broke

EDIT: 5% was an exaggeration

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[-] Roof_Roach@lemmygrad.ml 11 points 4 months ago* (last edited 4 months ago)

Everyone thinks they know better and investor money has to go somewhere for taxation purposes.

As an aside, S&P500 index is the only investment worth making for USAmericans who aren’t in congress.

this post was submitted on 29 Apr 2024

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