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I sometimes jokingly view the welfare state with high taxes as an index fund whose underlying assests is people. I like it because there aren't many legal mean
by jopsen 8y ago
I sometimes jokingly view the welfare state with high taxes as an index fund whose underlying assests is people.
I like it because there aren't many legal means by which I can invest in humans :)
And if you're trying to diversify your portfolio, why wouldn't you want to bet on humans?
- flatfilefan 8y agoGreat way to put it! This is literally the argument for the index funds, right? You are profiting from the economic activity of all businesses in the field by paying an index share price = tax.
- kzrdude 8y agoDiversifying is a good notion too, since it on average has benefits even though detractors want to hold up individual counterexamples.