this post was submitted on 24 Aug 2025
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Memes
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Memes! A way of describing cultural information being shared. An element of a culture or system of behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation.
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Interest payments from money sitting in a bank account are basically a rounding error on most rich people’s balance sheets. By far the most wealth they accumulate comes from the growth of stocks they own.
Yes, but that wealth will tie one way or another into the banking system (for example a rich person could take an ultra low-interest loan to invest it), which is fueled by money extracted from working class people by restricting necessities of life such as housing and education. I mean banks certainly aren't building up their wealth by giving loans to the rich essentially for free. It's no exaggeration to say that the whole system runs on human suffering with the purpose of making the rich richer.