Comments by "Matthew Nirenberg" (@matthewnirenberg) on "The Rich are HATED More Than Ever Before" video.
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They're also forgetting that a wealth cap is fixed forever as laws are rarely, if ever, indexed or amended to keep up with inflation. For example my family home was only $275,000 when it was build 20 odd years ago, a large two storey house that was common at the time. Now everything is tiny dog-box units crammed in each costing $500k to buy.
The current value of my family home is $2.4m - the reality is that the house isn't worth more, its the buying power of the dollar that has tanked. $9.50 now has the same buying power as $1 back when the house was built.
Because the 99% are too stupid to understand this, and because they don't care that the house was built a long time ago, they consider us to be 'evil rich' who should be forced to sell and move into something smaller (ignoring the sales taxes, CGT and stamp duty that selling and buying something else would trigger) and paying insane amounts for storage (for the stuff that wouldn't fit in a small place), simply because they live in a tiny dog-box and are broke. If we did that, we'd be broke due to the taxes, the insane prices for tiny dog-boxes and thanks to the insane costs for storage for our things that wouldn't fit in a small dog-box.
Why should we be screwed over because people don't understand the basics of finance?
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