Bull Market or Bull Crap? Photo by V. Smith
Who’s Playing and Who’s Not?
Love it or hate it. Facebook the mammoth social network website, just became a publically traded company. What does this mean for us, the little people? The masses whom work day-to-day and struggle to pay our bills, all the while steadily watching the 1% have the opportunity buy Facebook stock. Unless, of course, they already own shares of the company when it was privately owned. Now that the transition from private to public has occurred, they will see the value of those stocks multiply exponentially.
What is the Game?
Photo by V. Smith
The game is the called “capitalism”, and the last time I heard, everyone is supposed to have the ability to play. However, with all the discontent between the 99% and the group they’ve named the 1%, it’s become an US versus THEM America. What the 1% don’t seem to understand, is that the 99% are not angry with them because they have money. We are angry, because they always seem to have access to MORE money, and they REFUSE to share with the rest of us. What does that mean? It means, for example, that the company who prepared the offering plan, will only offer Facebook stock to people who are wealthy. Those wealthy individuals will simply make even more money, because more often than not, it’s only the wealthy, who are offered these of opportunities. Why don’t they ever come to some of us in the ‘hood or even in suburbia and say “Hey, we’ve got this great deal for you. Sort of a pull yourself up by your bootstraps opportunity.” Some of us have a little put away for a rainy day. This is why the rich get richer and the 99% get madder and madder. We want what we used to have. Access to the American Dream.
