I definitely think this is the case. Something akin to tragedy of the commons (or maybe Braese’s paradox?) where small investments for short term gain trumps bigger investments for, comparatively, bigger gains.
Sweden, where I live, is in this situation too where the rail network is 50 years in reparation debt but it’s easier for politicians to budget for small road repairs and say that they make meaningful infrastructure work
This sounds chill but are there actual evidence that taking it this slow improves your (mental?) health significantly?
This is a lovely comment, thanks!
Basically the same in Sweden. I think the reason %-turnout is a bit higher here is because of some very beneficial tax structures on existing wealth for private individuals. Capital gains is normally taxed at 30% of the earnings but you can opt to place (parts of) your portfolio in special accounts (”Investeringssparkonto” and ”Kapitalförsäkring” for example) where the tax is below 1% of that entire account’s value. Makes it possible to get much more out of certain investments.
One argument might then be that if you have enough capital to invest from the beginning, you’ll be at an advantage compared to those that don’t. And wealth gaps might become larger as a result
I’m kinda upset about the cliff-driver voters too tbf
Probably not what you want to hear, it really sucks to be in that spot, but it is possible to find good ones! I went through 3 therapists over the course of a couple of years before finding one that helped me.
Still see 47 there tho