Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by DataWorker on Wednesday March 20, 2019 @09:11AM
(#19441690)
Talking about taxable incomes for the top .01% is silly. You should google the paradise papers or just do some basic reading. Wage workers have incomes that are a function of their job, the top .01% have income from a variety of sources and probably have tax specialists to help them adjust their income up or down to be most favorable given prevailing economic situation.
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Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by bko on Wednesday March 20, 2019 @09:36AM
(#19441954)
> You should google the paradise papers or just do some basic reading
Saying "you should google ..." is not a source. If you want to provide a source for your claim about some group, back it up. You're not making meaningful contribution to the discussion.
Yes, the very wealthy have a variety of sources of income (e.g. stocks) and those dropped greatly in value. Unemployment peaked at maybe 10% during the crisis. So some percentage of people lost jobs while the wealthiest who have most their wealth in capital that dropped 30%.
Ironically, having tax exempt investments hurts when your portfolio drops in value as you won't be able to write those off.
Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by DataWorker on Saturday March 23, 2019 @09:45AM
(#19470418)
You are talking about the middle class. I am talking about people with more wealth than Bill Gates. The people who don’t have accountants and advisors, only own a one or two properties and maybe a million or so stashed for retirement; these people suffered more than Soros or Buffett.