I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
WTF timeline are we on. Someone called me the MAGA whisperer and I’ll gladly take the title. Left, right, D or R we all want the same things. We’re being divided on purpose by the Epstein Elite Oligarch class because as long as we’re at each other’s throats, they get fat and rich off of our misery. The second we figure out we agree on more than we disagree, they’re done. Love your neighbor. Be yourself. Radical honesty. No fucks given, no fucks taken. Everything else is just noise. (But still fuck Jake “Brick Tamland” Tapper on any time line)
I'm a neurodivergent health research advisor with a PhD.
Here are 14 life-changing ND accommodations that are stupid-simple but way too underused:
1. Listen to fast music during tasks you want to finish quickly (shopping, cleaning, getting ready, walking to the gym). Your body follows rhythm faster than your mind follows intention.
@vandell33 He did not say “and you'll owe any difference next April”
He said, and keep more of your money this calendar year. That was the key. Why say it that way?