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> The "tax" is the delta between what the government pays out for the bonds vs what a bond of equivalent risk in the free market would have paid. It also robs
by danans 8mo ago
> The "tax" is the delta between what the government pays out for the bonds vs what a bond of equivalent risk in the free market would have paid.
It also robs the individual's freedom to gamble with their retirement funds while expecting/demanding a bailout when shit hits the fan.
In the USA we have thoughtful policies that allow people over a certain amount of wealth invested in key industries to do that.
- twoodfin 8mo agoThe vast bulk of this “freedom” is exercised by public and union pension funds, not individuals. e.g. https://apnews.com/article/biden-business-united-states-government-and-politics-retirees-09d93d2af8cc68de47eccda4a9ef0250 https://apnews.com/article/biden-business-united-states-gove...