logical thinking in an illogical world
The official homepage of Nicholas J. Nicastro aka donniccolo | open minds | common sense | freedom
We treat "tax the rich" as self-evident. It is not. This essay states the honest case for progressive taxation before taking it apart, traces just how recent and contested the modern income tax actually is, and lands on a simpler argument: if you believe the wealthy should give more, you already know one, by any honest global standard. Featuring a citation-backed nod to the strongest form of the opposing case, instead of a strawman.
“Railing against Big Tech while tweeting from your iPhone is the height of irony. The fortunes of innovators aren’t accidents — they’re the result of voluntarily serving millions. If you think they’re too rich, stop buying what they sell.”
I argue against government intervention in anti-discrimination laws, suggesting that everyday consumer choices reflect rational discrimination. I posit that the free market, rather than legislation, would address issues of discrimination naturally. Businesses that discriminate would face market consequences, promoting equilibrium through consumer choice without government oversight.
Building moderate wealth is simpler than many people think. By eliminating personal debt, maxing out retirement accounts, and investing in real estate, you can take control of your time and opinions. Wealth is not about having an excessive amount of money, but rather the freedom to make choices without being constrained by financial obligations. By following a simple approach and avoiding frivolous spending, you can set yourself up for a comfortable retirement and a life of financial freedom.
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In the pursuit of wealth, many fall for the allure of expensive toys, seeing them as symbols of success. Yet, true wealth isn't in fleeting material possessions but in sustainable growth and genuine happiness. My own modest collection serves as a testament: happiness and affluence aren't tied to the number or cost of one's toys. As we navigate our financial journey, it's crucial to differentiate between transient pleasures and long-term contentment.
Ah, the Internet! That vast cyberland where armchair experts abound and where you can always count on a chorus of "Not Financial Advice!" accompanying the most mundane musing on money. It's as if before uttering a mere whisper about Bitcoin or giving their two cents (pun intended) on an NFT, everyone feels the need to … Continue reading The Paradox of “Not Financial Advice” and the Irony of Modern Financial Discourse
The People Fund: Investing in Elon Musk and other like-minded leaders.
