@pitdesi Sheel this is classic misunderstanding of YTD % returns vs actual returns on cash. DRAM is a good similar example and ARKK in the past. Most of the money flowed near the peak.
@RoKhanna@pitdesi Sheel - wealth tax does work pretty well in Switzeeland.
And in principle, I agree with a wealth tax and a much higher inheritance tax.
The problem with Ro and other populists is that these should go together with a lower income tax.
@pitdesi You can pretty much use anything with correlation to imply causation seen with Gen Z Sheel.
I have seen articles/papers mention reduce literacy (see UCSD/ getting GPA of 4 in school without elementary arithmetic skills), reduced attention spans (growing up with devices) etc