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Joined 1 year ago
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Cake day: August 5th, 2023

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  • Every year paying 2% on the wealth above the threshold means you have to make at least 2% ROI on these assets to stay neutral with the money

    2% is nothing mate. Nothing. The wealth of the rich grew by 30% during COVID IIRC. Housing prices dropped in some places but only marginally and went right back up. It wouldn’t surprise me if financial assets / instruments were not included in this bill either. The rich have been getting richer at rates way past inflation and I think by now it’s common knowledge that it doesn’t happen with income and nearly everything but.

    Again, 2% is a starter, but still a joke. Most of their assets can still sit there and accumulate value at rates that easily surpass inflation.