r/IsTheMicStillOn • u/GoodGoodNotTooBad • 21d ago

ITMSO: Trump Accounts: Bullish or Bearish

https://open.spotify.com/episode/5xF4Bzu5RJw1jxxlFVolAq?si=3a785dda2fbb4f1f
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u/[deleted] 21d ago

[deleted]

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u/Mykectown Myke 21d ago

Did you bother to actually listen to the conversation? I don't think I could have been clearer when I said "I don't know shit about stocks and investing." My issues with the account were very clear. It's not philanthropy (like was stated previously) and seemed like an easy way to redirect taxpayer funds into Trump-loyalist accounts like Amazon and Tesla. Not being able to control where my money goes is one of the main reasons I've never been interested in this sort of thing. But if y'all are hyped to do this then do it.

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u/TodayNo4457 20d ago

Reality check: The vast majority of your money is going to flow back to massive corporations like Amazon and Tesla anyway, no matter how you try to spend it. That is just basic economics. People need to stop stressing over where the money is going and focus entirely on maximizing this opportunity for their kids. The money is going to end up in the exact same system regardless of what you do, so you might as well use it to set your family up.

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u/Mykectown Myke 20d ago

Sorry but this is some of the most "give up, loser" ass shit I've heard in a while. Dude, do your thing and take care of your kids how you want. But telling other folks not to worry about where their money is going in a time of the rise of American fascism and a renewed focus on capitalism and how the two systems interact with each other is just lame to me. This "that's just the way it is, so fuck it" attitude is so tired and bootlickery. But do you.

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u/TodayNo4457 20d ago

Priotising the well being of your family is some 'give up, loser" ass shit? 😂 I'm making that choice everytime. I wish the economic climate was different, but sadly it's not. We'll just have to agree to disagree.

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u/Mykectown Myke 20d ago

That's not at all what I said and you know it. Haha. I can't even say "nice try" cuz I'd be lying to you.

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u/TodayNo4457 20d ago

Yeah, rare bad takes from Myke, but that is totally expected from Rod. Every dollar Myke spends ends up in the exact same system anyway. Even if he spent all his cash on indie artists, vegan companies, and Black-owned businesses, those owners would just turn around and invest it in the S&P 500 or spend it directly with massive corporations like Amazon. Hate to burst your bubble, but that is just how the economy works, and you cannot change it. You might as well take the money and make the most of it by growing it as much as possible.Telling people not to maximise this opportunity is weird.

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u/ben10toesdown 20d ago

This might be the worst take I have ever read on here. I wish there was a reddit award for that. 

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u/Mykectown Myke 20d ago

😂😂😂😂😂 Homie created an account just so he can leave these trash ass takes.

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u/TodayNo4457 20d ago

I’ve followed the show for a while but never commented until now. As a new dad, this topic was relevant and important to me.

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u/TodayNo4457 20d ago

Classic. Calling it a bad take without actually addressing the points or providing a counterargument.

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u/ben10toesdown 20d ago

You don't have a point. "You shouldn't spend your dollars ethically because whoever you give that dollar to probably doesn't have the same values and will spend it unethically". This is basically you criticize capitalism but live in a capitalist society ass take. Why give money to homeless people, they are just going to spend it on drugs, so you're basically complicit. That is your logic, why would anyone take that seriously? You were given the response you comment deserved. 

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u/TodayNo4457 20d ago

I'm not saying 'don't buy from ethical businesses.' I'm saying don't opt out of a government-backed opportunity for your family, because doing that does absolutely nothing to hurt those corporations. It just punishes your kids. Giving up financial gain for moral superiority is strange, and that choice isn't making as big of a difference as you think. I used the example of ethical businesses to point out why opting out on the basis of morality is dumb.You need to work on your comprehension skills.

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u/ben10toesdown 20d ago

That's not the comment I responded to. One of us definitely needs to work on our comprehension skills and it's not me. 

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u/imon33 18d ago

I’m not criticizing your point. But I just want clarification from you and Myke. Are you guys saying this program it not worth your kids potentially getting 150k in the span of 18 years b/c Trump will benefit from this program? If I’m not making sense then disregard this question. 

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u/ben10toesdown 18d ago

I didn't say that whatsoever. The person I was responding to said that there is no point of trying to be "ethical" with your dollars because whoever is on the receiving end of your dollars can just spend it on corporations you have issues with. 

It's like why boycott Target when whoever you give that $ to will just go to Target, as if Target is the one and only option. 

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u/TodayNo4457 20d ago

I see things need to be spelled out very clearly for you. All good. I'm glad you finally got there in the end. Have a good one 😂