Comment by swiftcoder
9 days ago
For folks who worked in tech/finance/etc, yeah. There might be something to be said for distributing access to enough free time to do art, a little more widely...
9 days ago
For folks who worked in tech/finance/etc, yeah. There might be something to be said for distributing access to enough free time to do art, a little more widely...
The stock market is open to all. Everyone has the opportunity to participate. It does not discriminate. All you need is $184k to make the same average income off the S&P 500 for life as you would collect on government disability. A frugal median income individual could save that in ten years. If someone is not capable of pulling that off, then maybe they should be on disability. You don't even need investments to live without employment. If you are likable and people want to be around you, then they will let you sleep on their couches. It isn't difficult to follow your dreams.
Given that ~40% of Americans would be hard put to cover a $400 emergency expense[1], I think you'll find that the set of people who have the opportunity to amass $184,000 in savings is already a pretty rarified group.
[1]: https://fortune.com/2023/05/23/inflation-economy-consumer-fi...
Which is because they put more value in spending their money than becoming a NEET.
They absolutely have the opportunity to change if they want to change.
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