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by bko 2654 days ago
> You should google the paradise papers or just do some basic reading

Saying "you should google ..." is not a source. If you want to provide a source for your claim about some group, back it up. You're not making meaningful contribution to the discussion.

Yes, the very wealthy have a variety of sources of income (e.g. stocks) and those dropped greatly in value. Unemployment peaked at maybe 10% during the crisis. So some percentage of people lost jobs while the wealthiest who have most their wealth in capital that dropped 30%.

Ironically, having tax exempt investments hurts when your portfolio drops in value as you won't be able to write those off.

1 comments

You are talking about the middle class. I am talking about people with more wealth than Bill Gates. The people who don’t have accountants and advisors, only own a one or two properties and maybe a million or so stashed for retirement; these people suffered more than Soros or Buffett.