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Ohh, that is amazing! So you become rich but never use your money and then become the richest guy in the cemetery. That kind of rich is not rich at all, just "
by bumbada 5y ago
Ohh, that is amazing!
So you become rich but never use your money and then become the richest guy in the cemetery. That kind of rich is not rich at all, just "paper rich".
As entrepreneur myself, it is not that easy to become rich, it is not that easy to make consistently 3% over inflation(specially when official inflation is not real like has happened for the last 20 years) and it is not that easy not to pay taxes. On the contrary in places like most of Europe the tax system is Hell for entrepreneurs, the System taking from 50 to 70% of your income.
In my life as entrepreneur I have seen many friends starting a business and losing 20.000-300.000 euros on their ideas before quitting and returning to their original jobs. In year 2021 with COVID I have seen people losing millions of dollars, their entire life's savings and business. The Government is giving them peanuts.
If you want to be rich, become a banker or Politian and be close to the printing money machine. They are the main beneficiaries from inflation, they create it, and extract a 3-9% of the economy's absolute wealth every single year doing nothing.
- imtringued 5y agoIt's always surprising that when the last 20 years have been accompanied by extremely low inflation that people come up with the idea that inflation is too high. It's easy to make money off speculation and bubbles because of low inflation. Is it really that difficult to understand? If inflation was really as high as people claim then being idle and rich would really suck, as you would have to run or invest into a business with actual revenue and profit, otherwise your stocks would tank like in the dot com bubble.