This thread is life altering. I think I will buy a foreclosure and sign up for a tax deductible online university, get formally educated in investing. Becoming a professional investor is one of the few jobs that can’t be outsourced. This is the only way to go in the new global economy.
“Becoming a professional investor is one of the few jobs that can’t be outsourced. This is the only way to go in the new global economy.”
Yup. And it’s very clear that tax policy rewards investment work vice labor. If you earn a dollar at your job, you’re going to be paying say 25% Federal income tax, 7.5% for social security, plus state income tax of say 6%. Or roughly 37% of every dollar earned, and quite possibly more. Compare that to what you would pay if that same dollar were earned as a long term capital gain, with a top Federal rate of 15%, but perhaps lower.
And we wonder why the work ethic seems to be going by the wayside.