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this post was submitted on 07 Sep 2023
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Heck yeah it is. I moved a bunch of money into oil when it bottomed out at the start of covid and its more than trippled. The only thing that would have been a better investment was big pharma. That being said, I'd rather that profit stay with US companies and investors than go to Russians, Iranians, and Saudis.
I'd rather the "profits" stay in the pockets of every American citizen
See, that's where we're different. You pretend to be upset about Americans paying more at the pump, but are actually selfish and only care about a handful of Americans getting richer
Most Americans have 401k's which are invest broadly, including the energy sector.
Stupid deflection and "most" is wildly inaccurate, unless you're talking about boomers, who by your standards, should be thanking Biden then
Fine, not "most" then. Practically all mature adults who are a net benefit to society have 401k's.
Define "net benefit to society." Does that include the entire service industry, much of which does not offer 401(k) plans? I'd like to see what you would do without all the people who pamper you.
net tax payer, depending on where you live that's something like 60-80k per year. and 401k is just the most common of many ways to save for retirement. The biggest loss would be the house cleaners for sure.
You think house cleaners would be the biggest loss? How about waiters? How about cooks? How about fucking janitors?
None of them are a net benefit to society? Well then why even have those jobs? They're a net loss to society.
I Don't go out much. The house cleaners do pamper me though.
There's the Republican moral compass. Unless you're giving corporations extra spending cash, you're a detriment to society.
ooh boy, you need to hear this. Social security will NOT provide you enough to live in retirement. You really should learn about and invest in a 401k or some sort of retirement account.