If you do the math, the $B Soros made from short selling came from somebody else.
What math? Do you even know what math is? As has been repeatedly pointed out to you, unlike your beloved Kochs and Trumps of the world, Soros earned his wealth. Soros didn't inherit his wealth.
"While a student of the philosopher
Karl Popper, Soros worked as a railway porter and as a waiter. Soros received £40 from a
Quaker charity.
[30] In a discussion at the Los Angeles World Affairs Council in 2006, Alvin Shuster, former foreign editor of the
Los Angeles Times, asked Soros, "How does one go from an immigrant to a financier? ... When did you realize that you knew how to make money?" Soros replied, "Well, I had a variety of jobs and I ended up selling fancy goods on the seaside, souvenir shops, and I thought, that's really not what I was cut out to do. So, I wrote to every managing director in every
merchant bank in London, got just one or two replies, and eventually that's how I got a job in a merchant bank."
[31] That job was an entry-level position in
Singer & Friedlander."
https://en.wikipedia.org/wiki/George_Soros#Early_life
Whither you like it or not finance is a very critical aspect of business. Your beloved Trump is heavily dependent upon financiers. Your beloved Koch brothers do the same things Soros has done. They too are financiers.
And as previously pointed out to you there is nothing wrong with short selling and short sellers. It's part of that capitalism thingy you and your fellow Republicans claim to adore. You know, that survival of the fittest thingy?
For your edification, a short seller borrows something, sells it, and returns it later. The short seller is fully liable for the items he has borrowed. He is fully responsible for the borrowed stock. It's a very risky kind of investment. But short selling plays an important part in preventing bubbles.
He did not create any new value, except for himself. He redistributed money to himself, at the expense of others.
Well, here is the thing, the markets say otherwise. The markets clearly show he created value. That's why he is a billionaire. Good businessmen like to buy goods and services at lower prices and sell them for higher prices. It's called profit, and profits are not a "redistribution of wealth". That's what your beloved Koch brothers have done. That's what your beloved Trump has done, or tried to do, and that is what Soros did.
If I sold a lot of oil stock, others will assume I must have insider information about something about to happen. Others who see me sell, may also start to sell based on their speculation. As the price goes down, I buy the oil stock again. Now I have more shares. My buying eve more shares than I sold, drives the price back up, even more, so others who follow my lead, quickly make some profits. While others who buy later, buy at a higher price. The money they lose goes to me and those who followed me closely.
If you sold a lot of stock everyone would wonder how you got the stock. No one would care if you sold stock or sold stock. I suspect you are alluding to stock manipulation. If so, it's illegal. And there is no evidence Soros did any of that.
https://en.wikipedia.org/wiki/Market_manipulation
Say you wanted to short sell America, you can con people into investing into ObamaCare or Man Made global warming shares. You tell everyone this is affordable or good, so they are willing to invest. In the end it is not affordable, with the differences in cost and benefits the skim. This difference comes from the middle class and tax payers; higher expenses. No new value was created, accept as an illusion by confidence men.
How do you short sell a nation? How do you short sell America? You can't. That's pure unmitigated bullshit. What's a con is to say you can as you have done. There are no Obamacare shares. There are no global warming shares...oops. Unfortunately for you and your fellow right wingers, facts and reason still matter.
Liberals who worship Soros, still think Obama Care is a good deal. They still living the fantasy of the used car salesman.
And which liberals worship Soros? Please do be specific. You are making shit up again Wellwisher.
