Quote:
Originally Posted by Throndor
[You must be logged in to view images. Log in or Register.]
The beautiful part about buying equity in a company is that not only does it combat incone inequality it ALSO satisfies the compulsion to spend. Its like shopping for a car that looks hot, and never depreciates.
|
Rich people can still invest a much higher % of their income than middle class. Everyone has a baseline of expense to just live (rent, food, clothing, medical, transportation).
Simply investing doesn't combat income equality. Though you can sorta ride on the lower class which can't afford to invest at all, you'll still be behind and the gap will continue to widen. Only wealth-based taxes as opposed to income-based really combat inequality