it's not that simple UNLESS you have savings

because you get PENALIZED if you just pay as you go

Ignoring that these socialistic proposals directly infringe on personal freedoms by punishing the successful, the implementation of a wealth tax would likely result in the exodus of major corporations, crippling the US economy and costing thousands of jobs.

no one is just goint to sit on 100k of cash for emergency

Not to mention simply stealing from the wealthy fails to correct the system that perpetuated the debt to being with.

@BabaBooey 😏

i dont know what thats like in us but in nz you can sort of do that but its harder to tick some thing up

they will instead lock everything they have free into an investement of asset

THEN when shit goes sideways, they have no liquidity

ah yeah

they inevitably get stuck between a rock and a hard place

can you not summon the tankie

selll the assets at a massive lose

i had savings but i brought a car with it

or bleed to death trying to catch up

i could of got a loan and kept my savings

you din't 'keep your savings'; because you can't earn any interest o n money you can spend at any time

i get 2.2 on it

it's a system of 'forced overleverage'

They will have no where to go once the world has been liberated

again, 'kept savings' makes no sense

@Big Krunkus - You've won my respect for best troll of the week. Well done.

and the retirement thing i have gets 5

xD

if you keep money in a savings acccount, you don't earn interest

you actually lose money

unless you commit it to an invesment

what was the troll @Mersenne

i can invest but its only after i have 10k lol

10k is suicide

Man came in begging for a debate with leftists, proceeded to agree with all leftist points, changed icon to Hammer and Sickle.

thats the min

Top-tier baiting.

first time life throws you REAL adversity

you are screwed

fair i guess

if you have property, you can go through 10k in a week

then what?

dont know how you working that

when you have savings, you can build wealth BOTH by being frugal and by investing while still having liquidity when you need it

but you dont loose 10k a week in property here