Managed funds slump
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I hear you, but don't share your values. If rich people help others become more wealthy, then they have more customers. Money isn't a zero sum. It is created by banks as wealth is created. So help others create wealth, too....and there is more money for all (especially the rich whose money is a magnet for more money).
linuxluver 3 years ago
lucky you enjoy paying tax. I live in HK. 15% with no GST, a first world counrty. I dont care about the poor people. I was born one of them and clawed my way up. In fact being born with nothing and seeing people living in big houses driving flash cars makes you work harder. Why should rich people pay for the poor/lazy?
georgewtwat 3 years ago
I have no issues with paying tax. Tax is why first world countries ARE first world countries. Redistribution of wealth does lead to broad-based prosperity....and customers for capitalists to sell things to. You have to give a little to get a lot. Investing shouldn't be a foreign idea to business people.....and tax is an investment. ;-)
linuxluver 3 years ago
or a bank - and having helen and michael put their greedy little hands all over a 3rd of the profit.
georgewtwat 3 years ago
My AMP managed fund has only had a net gain of 2.63% since 1999!!! Over the past 18 months, it went backward by (-ve) 3%. I would have been better off putting it in a box under the bed.
linuxluver 3 years ago