[chadlavi]

Sure glad I lost my job to help some billionaires get richer.

[monero-xmr]

The majority of stock / bonds is held by pensions, individual retirements, and as collateral for things like life insurance and annuities. Billionaires own a small percentage and often for the companies they themselves founded and own.

It’s unfortunate there are layoffs but this is the process of weeding out bad companies and encouraging good companies. If we let the zombie companies continue on all of society would be damaged.

[maest]

While losing ones job sucks, I think this is an overly simplistic take.