Comment by alchemist1e9
8 days ago
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.”
8 days ago
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.”
To be fair OP's website explains that most of the money isn't earned income. I'm happy for them though
What do you mean by “isn’t earned income” ?
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.
8 replies →
Working for a company that pays you in stock and then selling those stocks is in fact earned.