America once stood out both for tight limits on gambling and for mass participation in the stockmarket. But policy has shifted econ.st/4lRrogz Photo: Getty Images
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The stock market is just gambling for rich people.
aug 31, 2025, 7:04 pm • 0 0 • view
Returns might overall be a bit better than Fan Dual…
aug 31, 2025, 7:37 pm • 0 0 • view
Except when they crash the entire world economy every 10-20 years or so and have to be bailed out by taxpayers at great expense.
aug 31, 2025, 8:36 pm • 0 0 • view
When poor people lose bets they are forced to pay for it themselves, often to their financial ruin. When rich people lose much bigger bets everyone else pays instead.
aug 31, 2025, 8:38 pm • 0 0 • view
Never said they were the same. Simply that the returns are very different.
aug 31, 2025, 11:49 pm • 0 0 • view