If I have $250k in shares I can also use that as collateral for a mortgage to buy a house. It would be pretty odd and problematic to be taxed on that like it’s income when it’s not, despite me spending it on a house…because I need to pay it back.

I agree with the rest though. And definitely would love to see 90% for anyone reporting extremely high incomes.

I still think anyone can do that, just on a smaller scale. Either way, sounds risky. Stocks sometimes go down as it turns out.

Canada. All of the banks I applied at asked for total assets, including TD and Scotiabank.

I’ve never made 6 figures before, but was asked to show my investment portfolio value when applying for a mortgage as it was part of my assets. Assets the bank could seize if I didn’t pay my bill.

TIL I’m the 1%.

Do you think you are disagreeing with me?

This only sounds bad for people with a love of beer and donuts.

Admittedly, I am included within that group. But if I wasn’t, I could see supporting such variable rates.

*Cries in vector

And that’s why boomers are constantly ‘hacked’.

If you don’t want someone else controlling those things, you do indeed need an account. If you are fine with a physical switch to control lights then just stick to that.

While low risk, I think index investing still counts as gambling. The house maybe too.

Depreciating investments like a car should be ok though.

Race car drivers definitely don’t put both feet on the gas pedal though… Like, what?

Just like it’s not popular in Alaska…

Yeah but guns have become so much more efficient since then!

Well yeah. Weighing out 500g 400 times and then cutting into 6 pieces is going to be a lot faster than weighing out 83 grams 2400 times with no cutting after. Some variance between sizes of pieces is fine.

Naw, they don’t get emotional about work. It’s simply a place they choose to go in exchange for money. I’d worry a lot more about the gossipers and drama people. The people who frame their social life around work…those people scare me.

I’d honestly hire someone who said this lol, they would probably keep their head down and complete their work and then go home.

Meh, I find recognizing I have that ability is actually calming and snaps me out of the depression a bit.

Don’t underestimate the power of social capital.

Naw, I’m down with exploiting others for personal gain but I simply lack the capital to do so in the same way as the ultra rich.

I’m not going to pretend every low income person is some ethical ideal, because I sure as fuck aren’t.

And that’s why like laws and shit are needed to prevent that exploitation or whatever.

Yes, I always save my own copy of any content I wish to keep.

I already have that with digital media though. I don’t do subscriptions.