flyer, in that case, aren’t you describing the exact example of high risk = high return? Your friends took the high risk route, which didn’t work out and they lost a lot. But if it did work out, then they would have been a lot better off than if they took the safer investment route. There’s no right or wrong. Everybody have their own style and desire. This has nothing to do with income vs expense btw.
I agree with you that there is no easy answer. Especially if you want to make the bottom 95% richer and not the top 5% poorer. While CAR’s suggestion would definitely close the wealth gap by making the top 1-5% poorer. I don’t foresee it making the bottom richer or making the top .99% poorer. The top .99% will find away to move their money/income offshore. In this day and age, you don’t have to physically be in any specific location to do a lot of the business. Especially the headquarter.
