RE: From historical point of view21 Oct 2020 17:23
I'm trying to prove a point to my family (hubby, son, daughter, their partners and my grandchildren - as far as the latter are able grasp the idea). In some ways investing into shares for an individual has become easier. In the 1990s one needed to find a broker the analogue way and they charged ridiculous fees and were also very picky. Today we can just open an account online.
The economy has always struggled for one reason or another, but I find that the cost-factor 'work' has been eliminated out of the value of a product or service, or at least does not get sufficiently added as a value. This got compensated by introducing new taxes where the old taxes could not be raised due to protest of the electorate. Right now our tax-load is around 70% if you add them all together. That does not create any value, let alone economic growth. Less money in the pocket will lead to a decrease of purchase power, hence so many analogue retailers are failing and being replaced by their online adversaries.
What I say: Power to the People :-)