The wealthier are not gettting
wealthier because they have more balanced investment options. That’s just nonsense. It’s not the 1970s where you need a lot of cash to build a balanced portfolio.
For all the talk of hedge funds as a panacea of great investment options for the rich, over time hedge funds don’t out perform the market on average.
As to my last question, I’m genuinely curious as to what people want to accomplish with respect to the wealth gap. If a wealth tax is simply a means to raise more revenue, I’m mostly ok with that. If it’s a means to fix the problem of bill gates, Larry Ellison, Larry page, mark zuckerberg, Phil Knight, warren buffet, Michael dell, Michael Bloomberg, Jeff Bezos, etc, being worth stupid amounts of money, what exactly is the problem we’re trying to solve? That People shouldn’t be allowed to create such successful companies?
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In response to this post by 111Balz)
Posted: 01/30/2019 at 09:40AM