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I don't see people passively living off their investments (that is taking a rake while contributing nothing productive to the economy) as a thing to be encourag
by throwaway2048 9y ago
I don't see people passively living off their investments (that is taking a rake while contributing nothing productive to the economy) as a thing to be encouraged, beyond perhaps a retirement age (which has tax shelter status for a significant amount).
As a thought experiment imagine if everyone did this, or it was everyones goal.
- matte_black 9y agoIf everyone was doing it, there would be no returns or even negative returns, and thus people wouldn’t invest. The problem fixes itself.
- chii 9y agoif there's any segment of the market that's zero sum, then some gains are at the loss of others, and eventually, some actors will fail, leading to an in equality that mimics today's.
- skybrian 9y agoIf everyone could afford to retire early then this would imply both impressively high productivity while working and an impressively low level of inequality. Seems like a good goal to shoot for?