GameStop shares plunge 50% as WallStreetBets traders face billions in losses

[paulkienitz]

5. Like I said, the redditors are no less parasitic than the wall streeters

Sure, we cheer when some shitposters manage to screw privileged bankers, but look at the broader picture. They created a stock bubble that blew up, and then popped, and the results are exactly the same as when anyone else creates a bubble: the canny ones get out early and make a fat parasitic profit without having contributed a damn thing to society, while all the enthusiasts who see the bubble in the news get converted from stakeholders to bagholders.

We need to treat the entire practice of stock speculation and daytrading as an evil to be stopped. Short or long doesn't matter, banker or citizen doesn't matter, NOBODY should be making their money this way. Tax every trade.