“Never lost money over any 20 year period” is a good enough refutation of investing in the S&P being gambling in any way that matters to allow me to act.
Others might be more conservative and I hope they find and choose investments which match their style and risk-tolerance.
> in any way that matters to allow me to act.
I don't care how you act. That capitalism benefits the rich is not the subject of debate. This isn't /r/wallstreetbets
What is at stake us that all value is created by labor; and that the capitalist class (of which you are a member) is allowed to profit despite not producing anything at all. That makes you a parasite. Isn't that what the rich say about the poor?
> What is at stake us that all value is created by labor
That's the communist "Labor Theory of Value" which is nonsense.
For example, spend the day digging a hole in your backyard. Did you create any value? Nope.
> That's the communist "Labor Theory of Value" which is nonsense.
Can you explain how it's nonsense? Can you think of a valuable product or service that you consume that is not produced by labor?
> For example, spend the day digging a hole in your backyard. Did you create any value? Nope.
I didn't say that all labor produces value; I said that all value is produced by labor. As a Smart Guy who Created His Own Software Company with No Capital At All, I'm sure you know enough about elementary logic to recognize the difference.
I recommend you start a commune. Or a business. It's a free country, there are no laws against it.
> all value is produced by labor
But you deny that the labor of the CEO produces value.
Consider Microsoft. The company's stock was flat for 10 years. Then Nadella took over as CEO. The stock went up by a factor of 10. Same company, same employees, same intellectual property. The difference was Nadella. A similar story with Steve Jobs' second coming at Apple. And Steve Jobs at Pixar. There are innumerable such stories.
It's similar to military generals. An army's victory or defeat is pretty much entirely due to the general.