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by const_cast
290 days ago
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The way we calculate risk is inherently extremely biased towards the wealthy. In terms of real, relative risk, being a laborer is much more risky than being an investor. The investor may lose hundreds of millions, but it doesn't matter. The laborer may lose 500 dollars after being fired, and it could kill them. We've detached risk from real risk. Real risk is - will I eat, will I survive. |
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We are talking money here, we tax money so we talk about how money is risked.
We don't tax your health or wellbeing, it is true that those are serious risks worse than monetary risk, but it isn't something the tax office should deal with so it isn't a part of this conversation.