Quote:
Originally Posted by JPhillips
Sure, but even conservative investments well outpace inflation historically. Just look at Trump's wealth and realize he could have gotten the same gains or more from an index fund. The point that wealth can become destabilizing to a nation is still true. And, despite what you said, that's the theoretical foundation of an estate tax.
I'm so old I remember when conservatives favored a stable government. Now they're all, grr grr burn it down!
|
That's not quite accurate. Conservatives see the government more as a safety net than a source of moral direction. When it comes down to it, conservatives have just as much invested in the infrastructure of government.
The sourcing of Trump's personal wealth is difficult. By his account, he has done very well, and everyone else is terrible. He clearly had a bad run in the late '80s. He also clearly had a great recovery in the '90s.
Neither would be possible using an index fund. I find this attack on Trump rather ineffective. There are far better ways to say he's not qualified to be president.