this post was submitted on 20 Jan 2024
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Anarchism

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As anarchists: Do you buy shares, get money from interest, invest or save for retirement? (slrpnk.net)
submitted 10 months ago by punkisundead@slrpnk.net to c/anarchism@lemmy.ml
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cross-posted from: https://slrpnk.net/post/5944604

Hey I am currently in the privileged position to think about what I do with the money I saved as an emergency fund. Do I put it in an account that gets interest so less gets lost to inflation?

But from my understanding the bank can only pay that interest because they loaned the money to someone that uses it to exploit people labor or extracts rent from them etc.

Where I live saving for retirement is currently not that big of a thing because its something the state manages, but what do folks do that dont have that?

Should anarchists buy stocks or what else should they do with money that exceeds their safety needs?

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[–] Septimaeus@infosec.pub -1 points 10 months ago

We set our money on fire each day, as the good lord intended.