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Passive income
(lemmy.world)
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this post was submitted on 04 Oct 2024
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So I know this is satire but I wouldn't buy a us bond. I would much rather buy one from a stable country.
The US economy is like the most stable economy in the world. And they don't double tax you, depending on where you live and the tax treaty.
We have had 2 assassination attempts on someone running for the highest public office in the country in 3 months. One of the people currently running for office who has a chance at winning tried lost the last election they were in and then tried to take over the government by force.
Our country is not stable.
I would much rather invest in a more stable country like Sweeden or Switzerland.
Just 10 or 12 years ago or so, the US and EU had comparably sized economies. Today the EU economy is between 25% to 30% smaller than the US one. And yes, I include the UK in the EU calculations just to prove the point. The reason? Higher stability and growth on average. What might seem like small differences on a year-on-year basis add up and prove to be quite substantial in terms of decades.
So you can invest in Swedish and Swiss bonds and/or companies if you want, but chances are you're gonna lose out compared to person investing in US-based entities.
Sincerely,
An EU citizens who is sick of hearing Americans bashing their own country based on ignorance. There's plenty of reasons to be upset with and critical of the US. But an unstable economy is not one of them, relatively speaking. Get your facts straight.