| ▲ | schmidtleonard 3 hours ago | |||||||||||||||||||||||||||||||||||||||||||
It annoys the heck out of many Americans as well. Once you realize that 10% of households are getting $200k+/yr of unearned income and 1% of households are getting 1.3M+/yr of unearned income by virtue of owning lots of assets in an economic system geared to pump assets at the expense of literally everything else, it becomes very clear why the social contract experienced by the rest is undergoing rapid deterioration yet still has legions of influential staunch defenders that come out of the woodwork any time someone proposes even modestly pushing back on the worst of it. Oops, did I say "unearned income"? Forgive me, I meant unrealized gains -- I didn't mean to imply that any taxes were due on those massive passive flows of money. Perish the thought! | ||||||||||||||||||||||||||||||||||||||||||||
| ▲ | grebc 3 hours ago | parent [-] | |||||||||||||||||||||||||||||||||||||||||||
All you’ve said is people with assets certainly couldn’t have earned those assets by earning income prior. Shock horror that people follow basic financial principles and decades later they have some wealth. | ||||||||||||||||||||||||||||||||||||||||||||
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