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Within one working life, by investing 10% of income, I can accumulate wealth of over 100 times annual income while someone who spends 100% of income ends up with 0 wealth.

What part of this are you going to make illegal?

Individual choices, even with absolutely equal starting conditions, yield unequal outcomes.




First of all: I'm not taking sides any way or the other. I was simply annoyed by your straw man ways of making an argument. The one where you claim that OP is being fine with having 1000x more money than this guy, but not 100x less than the other. OP never said or implied that in any way or form.

That said: if somebody wanted to implement something like this, nothing needs to be made illegal. It could easily be done with a more aggressive form of progressive taxation on income or on total assets (as exists in some European countries).


No strawman, just an observation that it is far easier to see the excesses of those far more wealthy than us than for us to see our own excesses compared to those far less wealthy. The 10X numbers were just categories, which were inferred based on the various items mentioned (yacht ownership vs yacht club, etc.)


> by investing 10% of income, I can accumulate wealth of over 100 times annual income

That wasn't even true for 50%, let alone 10%. Wrong facts lead to wrong conclusions. Get facts.




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