Re:Coinbase lays off around 1,100 employees
by throwawaylinux on Wednesday June 15, 2022 @12:33AM
(#31749150)
> If you set the limit much lower than my net worth, the government is going to have to support me.
Doesn't have to be much lower, just low enough to free you of the wealth you don't _need_.
> But I'd think that someone with "only" $100M of net worth could scrape by on their own.
Certainly. Someone with $10k of net worth and a minimum wage job could scrape by too. Nobody _needs_ more than that, surely?
> But most of my net worth came from taxable ordinary income that was invested into retirement accounts that are tax advantaged and untouchable until I retire.
Sounds very wealthy and privileged, to be honest. Surely you don't _need_ that it could be much better spent now helping less advantaged people who have never worked and don't have any savings or retirement. If, when you retire, you need further assistance after selling your house and other possessions, the government would be glad to step in and provide you a subsistence income and housing thanks to this wonderful redistribution scheme.
Doesn't have to be much lower, just low enough to free you of the wealth you don't _need_.
> But I'd think that someone with "only" $100M of net worth could scrape by on their own.
Certainly. Someone with $10k of net worth and a minimum wage job could scrape by too. Nobody _needs_ more than that, surely?
> But most of my net worth came from taxable ordinary income that was invested into retirement accounts that are tax advantaged and untouchable until I retire.
Sounds very wealthy and privileged, to be honest. Surely you don't _need_ that it could be much better spent now helping less advantaged people who have never worked and don't have any savings or retirement. If, when you retire, you need further assistance after selling your house and other possessions, the government would be glad to step in and provide you a subsistence income and housing thanks to this wonderful redistribution scheme.