4 ms·
That's called living off interest, dividends, and stock growth.
by jart 2y ago
That's called living off interest, dividends, and stock growth.
- swiftcoder 2y agoFor folks who worked in tech/finance/etc, yeah. There might be something to be said for distributing access to enough free time to do art, a little more widely...
- jart 2y agoThe stock market is open to all. Everyone has the opportunity to participate. It does not discriminate. All you need is $184k to make the same average income off the S&P 500 for life as you would collect on government disability. A frugal median income individual could save that in ten years. If someone is not capable of pulling that off, then maybe they should be on disability. You don't even need investments to live without employment. If you are likable and people want to be around you, then they will let you sleep on their couches. It isn't difficult to follow your dreams.
- swiftcoder 2y agoGiven that ~40% of Americans would be hard put to cover a $400 emergency expense[1], I think you'll find that the set of people who have the opportunity to amass $184,000 in savings is already a pretty rarified group. [1]: https://fortune.com/2023/05/23/inflation-economy-consumer-finances-americans-cant-cover-emergency-expense-federal-reserve/ https://fortune.com/2023/05/23/inflation-economy-consumer-fi...
- jart 2y agoWhich is because they put more value in spending their money than becoming a NEET. They absolutely have the opportunity to change if they want to change.
- swiftcoder 2y agoIf you ignore all externalities, sure. Having to take on student debt, having medical expenses, having children early... there are a myriad of reasons why one may become trapped by the economic system
- jart 2y agoOnly death entraps us, and even that is open to debate by some. One of the reasons why we respect artists is because we get what they had to give up to do it.