Lmao got greedy and decided to buy puts at the top instead of finishing trading for the day, up an additional 60% after doubling up on calls earlier.
Now I'm out, good luck out there boys!
Crony capitalism is just a modern form of feudalism. The only difference is wealth is hoarded in other assets rather than land (although a ton of wealth of the top 1% absolutely still is tied up in land and real estate).
Yes, government is supposed to be protecting the poor FROM the rich. The rich can afford to fortify themselves, feed guard dogs, and hire mercenaries. The poor can't.
My point was that, tons of breath gets wasted arguing about social welfare programs, while wealth silently concentrates at the top, day after day after day.
There are methods of wealth transfer involving pitchforks and torches, but nobody should want that.
The top 1% pays 42.3% of all tax revenue so maybe I'm failing to understand how the rich don't pay taxes. If you throw in top 5% it's 62.7%. Top 10% 73.7%. Top 25% is 88.5% etc.