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Do you think Sam Seder can win? Or is Destiny just too good at online debate?

Edit - Overall, the debate didn't devolve into shit-slinging and drama. So that's a plus. Both stated their points and the argument essentially centered around Wealth vs Income. I feel Destiny didn't get Sam's point, while Sam got and responded to Destiny's. That could be my bias, though.

    • spectre [he/him]
      ·
      3 years ago

      Tbf a 3.5% mortgage on your $25m estate that you then kick over to your hedge fund account is basically free money. I suppose that stretches the definition of "need" though lol.

      • panopticon [comrade/them]
        ·
        3 years ago

        How does that amount to virtually free money? (I'm not well versed in rich bastard finance)

          • panopticon [comrade/them]
            ·
            3 years ago

            Ah, right, of course. If you're a rich bastard then your hedge fund account's rate of return is going to outpace the 3.5% interest on the mortgage, so you can basically treat it like an interest-free loan. May as well keep the money and the house.

            Anyway, :mao-shining: