4 ms·
Sounds a lot like a system for controlling Regular Joe.
by jachee 7y ago
Sounds a lot like a system for controlling Regular Joe.
- IfOnlyYouKnew 7y agoA US government trying to prevent "Regular Joe" from becoming rich would have an infinite number of better ways to do so. Not running lotteries, for example. Or regulating the health care market to bring doctors' and lawyers' salaries down to European levels. Or taxing income in the 6-digit range at the rates of comparable countries. Or taxing investment returns at levels comparable to incomes. But there really isn't even a theory of why "regular Joe" striking it rich is in any way threatening to the status quo, is there?
- sokoloff 7y agoI think it's more a system to protect Regular Joes from having small amounts of money stolen from them by shysters hawking get rich quick investment schemes. Many of those are now federal crimes, making the risk-reward unappealing. The assumption is accredited investors are more capable of doing their own diligence and better able to weather the loss of a $50K angel investment than Regular Joe.