817 karma · joined August 11, 2020
No need for regulation to deal with this.
People who don't have thay ability make mistakes when emergencies inevitably come around.
Those 10$ a week after a year is enough to make up a small car repair, or problem with your paycheck.
Just last year I had an issue where my paycheck was short 1000$, because I wasn't spending everything as it came in, it wasn't a problem. I had a big enough buffer in income and emergency funds to make up for it.
If it had happened to my colleague who doesn't save up, he would have had to get a payday loan to put food on his families table.
That's how people stay poor.
You'll find that it doesn't. That any such restrictions are political decisions not investor decisions.
Ie: out of all the income taxes paid, which proportion should be paid by the top 1% of people who make 20% of the income.
So that 80% of the income should pay 0% of the taxes?
Say they have 20% of the income, how much of the total tax burden should they bear?
20%?
25%?
30%?
Say the top 10% have 50% of the income. How much of a percent of the total tax burden should they be responsible for?
50%?
60%?
70%?
Their existence in the market doesn't stop you from existing.