this post was submitted on 11 Apr 2024
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In the US you can deduct the mortgage interest, which is even more of a benefit for the wealthy than the mortgage as a whole would be since the deduction decreases the longer someone stays in a home.
Social security being a flat percentage with a cap is also a form of class war.
Investment income being taxed less than employment income is another form of class warfare.
Why the hell do you pay more in taxes than Elon Musk?
There's nothing stopping people in the lower classes from investing.
If minimum wages are so low and working hours so long that people are too busy with their day jobs and/or don't make enough money to even think about the stock market, let's focus on fixing that rather than going after the stock market.
Holy shit what an idiotic thing to say.
It may surprise you to find out that "lower class" people are in the lower class because they don't have money. What are they supposed to invest?