I already despise the Jobs Act for limiting investing, and I am concerned with the further use of limiting who can invest based on net worth (or income).
Investing is a risk, of various levels, but it should not be relegated to only the wealthy, or middle class. Else, it is easier to be stuck at low income when a savings account does not even keep up with inflation. The concept of nanny-state laws such as this also takes away the freedom the country was founded on. Freedom, not it's polar opposite, security.
Jeremy Brummel Comment On Regulatory Notice 22-08
I already despise the Jobs Act for limiting investing, and I am concerned with the further use of limiting who can invest based on net worth (or income).
Investing is a risk, of various levels, but it should not be relegated to only the wealthy, or middle class. Else, it is easier to be stuck at low income when a savings account does not even keep up with inflation. The concept of nanny-state laws such as this also takes away the freedom the country was founded on. Freedom, not it's polar opposite, security.