Re:Problems with relying on billionaires to save us
by robswc on Wednesday October 13, 2021 @03:36PM
(#28856527)
>Simply letting your money or real estate idle is a much better bet than actually investing it in an economy with slow population growth
Do you have anything that points to a majority of billionaires doing this?
Re:Problems with relying on billionaires to save us
by pjscott on Wednesday October 13, 2021 @03:51PM
(#28856763)
Wait, what? The asset classes with the highest rates of return over the past decade have all been equities, i.e. actually investing it in the economy:
https://advisor.visualcapitalist.com/asset-class-risk-and-re...
Letting your money sit idle has had much worse performance.
The real problem is that legal work isn't being rewarded. Simply letting your money or real estate idle is a much better bet than actually investing it in an economy with slow population growth.