On BBC Question Time, 27 March 2025
Gary, a working class kid became a successful trader is now pointing out wealth inequality and trying to get people to save us from the super rich.
On BBC Question Time, 27 March 2025
Gary, a working class kid became a successful trader is now pointing out wealth inequality and trying to get people to save us from the super rich.
If you’re rich and invested in MSCI World ETF (literally the most generic mixture of stocks available) 10 years ago, on Mar 28, 2015, the stocks practically doubled (+ 107%) since then. That makes an average annual increase by 7.5%, considering how exponential growth works. (Formula is: (2.07^(1/10) - 1)*100%)
Source: https://www.finanzen.net/index/msci-world/charttool
This means that rich people’s assets literally proliferate by 7.5% annually, without lifting a finger. That means, it’s not their “hard earned fruits” or their “hard work”. They’re literally lazying around and their wealth increases by that amount.
I think it’s fair to tax that. Skim the unfair proliferation of wealth. Introduce a wealth tax, make billionaires pay 7.5% of their total wealth as an annual tax.
Cant compete if you cant invest In private companies and sell the day they go public, its a strat that never fails? Never seen a private comoany not shoot up the day they go public and then drop heavily within that month
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You don’t have to be rich to invest in MSCI All world.