If true what's the hedge? Pension and investments to cash and bonds? Japanese stocks?
https://www.sec.gov/Archives/edgar/data/1649339/000156761919...
He holds heavily-indexed companies like Disney, Fedex, and Alphabet.
He holds a couple of small-cap value companies that aren't likely to be included in more than a couple of small ETFs: Tailored Brands (Mens Warehouse) and Sportsmans Warehouse.
The hedge is simply to pay attention and make your own decisions. Index funds are great in general, but not when markets get out of whack (bubbles, etc).
You could own gold, but wait ! any gain is taxed as income ( not capital gain ). Carrying it around has stiff penalties.
"You invest in how we say you invest" - Uncle Sam.
Start with something simple, say taxing people of one race 15% more than another race. That would seem a valid form of repression.
Okay, so that rarely happens and is almost always combined with far greater forms of repression. But there are less extreme examples. What about taxing someone more when they have kids, or more when they don't?
Sin taxes also seems a way to repress certain behaviors in society by increasing their cost. Why can't the logic apply in other areas of life where tax rates are unequal?
What are the penalties for carrying bullion?