I agree with you in a sense that this is something that could have helped us not reach this point. However I don’t think it’s something that can help us move forward from this point. Income inequality has people at a point where they are foregoing medical care and even food. Many lack housing. Investing is an impossibility for people living hand to mouth.
Any solution has to include some redistribution of wealth even if all of it goes to investing, along the lines you are describing. People are strapped for cash so the thing to do is pay them in Index fund shares that vest slowly, just the way employee stock shares work. It we could give every American a 10% raise, all in slowly vesting equity, we could see some change from that in time.
For sure. Society has moved beyond a few breaking points. I still think something what you described in your reply would help ease some of the growing wealth gap even if implemented today, but I know actually realizing such a program is a fantasy.
I followed an index fund investing method and am now removed from many pain points of capitalism. I try to share this anybody who bring up “I am worried about my future as I have no plans.” Many enjoy the conversation, but if even one in a hundred actually makes efforts to follow it means at least they will benefit.
I agree with you in a sense that this is something that could have helped us not reach this point. However I don’t think it’s something that can help us move forward from this point. Income inequality has people at a point where they are foregoing medical care and even food. Many lack housing. Investing is an impossibility for people living hand to mouth.
Any solution has to include some redistribution of wealth even if all of it goes to investing, along the lines you are describing. People are strapped for cash so the thing to do is pay them in Index fund shares that vest slowly, just the way employee stock shares work. It we could give every American a 10% raise, all in slowly vesting equity, we could see some change from that in time.
For sure. Society has moved beyond a few breaking points. I still think something what you described in your reply would help ease some of the growing wealth gap even if implemented today, but I know actually realizing such a program is a fantasy.
I followed an index fund investing method and am now removed from many pain points of capitalism. I try to share this anybody who bring up “I am worried about my future as I have no plans.” Many enjoy the conversation, but if even one in a hundred actually makes efforts to follow it means at least they will benefit.