Re:Can too many brainy people be a dangerous thing?
by jquery on Thursday October 29, 2020 @08:07PM
(#24937636)
It’s not snark at all. In fact it’s direct lineage. You think nobles weren’t expected to work at all?
An investor who is a completely layabout won’t stay rich very long, there is a natural terminus to that sort of behavior. Look at interest rates, the risk-free rate of money is 0%, less with inflation. We have inheritance taxes and can move that slider up/down as needed to prevent aristocracies from forming. Perhaps this is where your real disagreement lies?
>If they stop working, they end up destitute same as any other employee.
An investor who is a completely layabout won’t stay rich very long, there is a natural terminus to that sort of behavior. Look at interest rates, the risk-free rate of money is 0%, less with inflation. We have inheritance taxes and can move that slider up/down as needed to prevent aristocracies from forming. Perhaps this is where your real disagreement lies?
>If they stop working, they end up destitute same as any other employee.
https://calmatters.org/category/economy/california-pension-c...
>You do realise that Ron Swanson is a fictional character, don't you?
Funny you falsely accuse me of snark and then reach into your bag of insults.