Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
I chose the number because it is attainable to the median household with 2 years of saving 20% of their after tax income, but also substantial enough to feel the burden of risk associated with investing. Stocks are not guaranteed income, they are not money for nothing, and changing the playing field affects a lot of regular people just trying their best to build a reasonable amount of wealth, whether to buy a house or secure their financial stability.
I am not close to being a top 10% wealtholder, nor am I related to anyone who is, and I certainly was not expecting to have my investment question compared to complicity in mass racial segregation.
Why does it feel like you pretend people with less than a billion dollars or something in that order of magnitude’s neighborhood in unrealized gains would ever be affected by this legislation?
Laws like these should never affect you unless you’re one of like (I’m guessing numbers) 15 people in your country, so I don’t understand the issue people so often have with them. From my point of view, if we don’t change anything to combat wealth inequality, the most likely outcome is civil unrest (esp. with more climate disasters looming on the horizon)… genuine question, please don’t take it with hostility – I would just like to understand “the other side” here: why would you personally oppose this?
P.S. about to hit 6 (euro)figures invested. ≈50/50 stock/ETF split. But I’m not sure if that truly counts toward your opening question since it’s basically the place for my long-term savings money, but there’s no such thing as regulation for a tax-advantaged “retirement investing” (401k etc.) account here, yet 🙃
We have defunded schools without enough teachers, school supplies, etc because the wealthy use the inane amount of capital they hoard to buy local government to cut their taxes. Then they set up Charter school escape hatches for some kids that they then profit from from publicly traded charter management companies. Those kids did nothing to deserve being caught up in their greed disease.
We have economic segregation from the cradle. That’s no fucking better. Making more money should let you have a bigger car/house/TV/widgets, but we let some make so much that they use it as a cudgel to extract more from us to our detriment. Fuck their employee’s kids, theirs goes to a private school so starve the commons your company operates on but doesn’t want to pay for.
But believe the dream all you like. Not like there’s hope since we’re literally terraforming the planet against being hospitable to our very physically vulnerable species for millions of years.