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Yea, go ahead and start your decent into hating successful people. I have 0 doubt if you got rid of billionaires, problems would remain and then you would go a
by robswc 5y ago
Yea, go ahead and start your decent into hating successful people. I have 0 doubt if you got rid of billionaires, problems would remain and then you would go after millionaires...
The biggest irony is that you'll chase the most productive and brilliant people away. Think of how many great scientists and intellectuals came from the Eastern bloc... or Germany during the rise of Hitler. They literally expelled some of their most brilliant and successful people, making the US (or whatever country they fled to) stronger.
- imtringued 5y agoDrug cartels are successful as well. The real problem is that legal work isn't being rewarded. Simply letting your money or real estate idle is a much better bet than actually investing it in an economy with slow population growth.
- pjscott 5y agoWait, what? The asset classes with the highest rates of return over the past decade have all been equities, i.e. actually investing it in the economy: https://advisor.visualcapitalist.com/asset-class-risk-and-return/ https://advisor.visualcapitalist.com/asset-class-risk-and-re... Letting your money sit idle has had much worse performance.
- robswc 5y ago>Simply letting your money or real estate idle is a much better bet than actually investing it in an economy with slow population growth Do you have anything that points to a majority of billionaires doing this?