Like, sorta, but also no. “Most luxuries” and “live somewhere cheap” are both insane things to say, too.
I know what you’re trying to get at, and I get it, but to say that someone who can still drive any car they want, live pretty much wherever except for some very specific places, get into whatever niche hobby their heart desires, and never needs to fear unemployment is not rich is just silly. I also said “tax them”, which means they’d still have everything else they currently own and could make money on that stuff, too.
A person with a million dollars is a person without any meaningful restriction on their life.
Edit: Goddamn, a lot of ya’ll really upset about this comment. Too bad, learn to read, and, failing that, find a high bridge over deep water ‘cause dealing with ya’ll just ain’t worth it.
You said “tax them into only having a million dollars,” which I cannot reconcile with your latest statement “they’d still have everything else they currently own and could make money on that stuff, too.”
If you are talking purely about how much cash they have in the bank, then every person would just buy stocks until they had under that amount. Almost nothing would change.
FWIW, stocks also need to be taxed a lot more than they are, or sharply limited in their trading potential and/or as compensation. Compensation in stock is how most of the billionaires of today amass their wealth, and it needs to stop being the loophole that it is.
Isn’t a million like the price of a house these days? I get that we’re all poor and we’re never gonna own property, but the price of a house isn’t enough to live in luxury for life.
Well, if I had a million right now and stopped working, and everyone in my family would not work either anymore, that million will not last us even until my retirement age, that’s also if the inflation is 0% until then. A million 50 years ago would probably be enough for that, but not now
Like, sorta, but also no. “Most luxuries” and “live somewhere cheap” are both insane things to say, too.
I know what you’re trying to get at, and I get it, but to say that someone who can still drive any car they want, live pretty much wherever except for some very specific places, get into whatever niche hobby their heart desires, and never needs to fear unemployment is not rich is just silly. I also said “tax them”, which means they’d still have everything else they currently own and could make money on that stuff, too.
A person with a million dollars is a person without any meaningful restriction on their life.
Edit: Goddamn, a lot of ya’ll really upset about this comment. Too bad, learn to read, and, failing that, find a high bridge over deep water ‘cause dealing with ya’ll just ain’t worth it.
You said “tax them into only having a million dollars,” which I cannot reconcile with your latest statement “they’d still have everything else they currently own and could make money on that stuff, too.”
If you are talking purely about how much cash they have in the bank, then every person would just buy stocks until they had under that amount. Almost nothing would change.
FWIW, stocks also need to be taxed a lot more than they are, or sharply limited in their trading potential and/or as compensation. Compensation in stock is how most of the billionaires of today amass their wealth, and it needs to stop being the loophole that it is.
Isn’t a million like the price of a house these days? I get that we’re all poor and we’re never gonna own property, but the price of a house isn’t enough to live in luxury for life.
Well, if I had a million right now and stopped working, and everyone in my family would not work either anymore, that million will not last us even until my retirement age, that’s also if the inflation is 0% until then. A million 50 years ago would probably be enough for that, but not now