zlacker

>>kenton+(OP)
This is neat, but as a $NET shareholder and someone with another ~$1m in net worth that can't afford to buy a house for at least another 6 years this makes me think we should significantly increase taxation.

>>laidof+aE
When have increased taxes directly contributed to your take home pay?

>>compil+RL
It doesn’t. They’re just expressing their jealousy in a thinly veiled and highly embarrassing way.

>>IAmGra+WM
It truly is embarrassing. Imagine seeing something and thinking, "how can I get the government to forcefully take some of that for my benefit?"

>>compil+1P
Absolutely embarrassing and a real life demonstration of a famous quote:

“I have never understood why it is ‘greed’ to want to keep the money you have earned but not greed to want to take somebody else’s money.”

>>alchem+je1
To be fair OP's website explains that most of the money isn't earned income. I'm happy for them though

>>stemlo+Tf1
What do you mean by “isn’t earned income” ?

>>compil+WS1
The anti-capitalists have this crazy idea that investment income isn’t “earned” in the same way that labor income is. Of course that’s absurdly anti-capitalist and completely ignores the point of capitalism and the function of risk taking incentivized by potential rewards. Failing to make a coherent argument against active investment income, for instance entrepreneurs, they will then revert to criticism of passive investors and their eventual complaint will come to arguing S&P index investors should be taxed on “unrealized” gains.

Remember it’s all illogical nonsense motivated by Envy which they masquerade as Empathy.

>>alchem+7p2
It's motivated by the ideology of wanting a meritocracy - the idea that if you work hard you can reap rewards. Having some people in society that can sit at home and watch the S&P increase while some have to work 50-hour weeks to make ends meet is seen as problematic.

>>simonh+yi3
> the ideology of wanting a meritocracy - the idea that if you work hard you can reap rewards.

and of those hard earned rewards investing them and then sitting at home and watching the S&P increase you mean?

oh wait that’s problematic … let’s take those rewards away for “fairness” .. opps no incentives no meritocracy no prosperity