Pints With Aquinas cover image

Is it generally immoral to invest in 401k's for retirement? w/ Jacob Imam Vs Trent Horn

Pints With Aquinas

00:00

The Main Way a Four One K Makes Money

The main way a four one k makes money is by buying stocks an selling them for a higher price at a later date. Speculators are not interested in using the product or making something with it, rather they make a profit from price changes. This is what saint thomas aquinas calls cheating: to buy what is cheap and sell what is dear is truly a vice. The tradition has condemned speculation because it seeks a profit without corresponding work done for society. People ought to receive compensation for their work precisely because they have cultivated the good through their work.

Play episode from 03:53
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app