Comment on just temporarily embarrassed billionaires, one good idea or lottery ticket from making it rich

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krisevol@lemmus.org ⁨3⁩ ⁨days⁩ ago

So basically lower the stock returns by devaluing the gains and giving Black Rock all our stocks. The only thing i see happening with that is it’s people are not going to be able to retire and they will need to work more because the returns in the market will vaporize their chance to retire.

When the rich move to inventing in hard assets instead of the market, housing will go up as investors buy up the market. Meaning taxing the unraised gains will cause more people to be priced out of housing as well.

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