Being a millionaire is a drastically different situation than a billonaire. Anyone can reasonably save a million dollars over their life, or have that much in retirement accounts.
It’s when you have billions in solid assets you start to developed unregulated power
Remember that when you say that some group doesn’t have human rights you have willfully chosen to put yourself in the group of people that includes the worst of humanity.
The truth is some simply are parasites and not human. All they deserve is a relatively painless and quick death. Millionaires are among those just like landlords, politicians and journalists.
$1M in retirement funds equates to a $40k/year safe withdrawal rate in retirement, which is not much. Basically, if you’re not a millionaire by the time you retire, you’re in poverty.
Don’t get me wrong: you might be right that it’s “normal” to have less money than that… but only in the sense that the middle class is being destroyed.
Of course things look different if you add retirement onto it. But then you might as well add healthcare payments and all other taxes and expenses on top. It still isn’t available money / assets though.
This is an interesting idea. Not as much about billionaires, but about how regions race to the bottom to attract investment. Just like major sports franchises get insanely good tax treatment by moving or threatening to move theier team. Each city tries to give the better deal.
The idea that if the local gov doesn’t collect, the federal will should mostly put an end to that kind of thing. Ensuring that local governments get the funding they need.
Something like this, but just for business tax would be absolutely huge for US cities. It would also mean teams would go where the fans are, and businesses would go where the employees are.
Ah yes, the USSR model. If our policies don’t work, violate human rights until no one points out they don’t work.
Millionaires don’t have human rights
Being a millionaire is a drastically different situation than a billonaire. Anyone can reasonably save a million dollars over their life, or have that much in retirement accounts.
It’s when you have billions in solid assets you start to developed unregulated power
Remember that when you say that some group doesn’t have human rights you have willfully chosen to put yourself in the group of people that includes the worst of humanity.
That sounds like a full on liberal take.
The truth is some simply are parasites and not human. All they deserve is a relatively painless and quick death. Millionaires are among those just like landlords, politicians and journalists.
It’s not fucking 1900 anymore. Inflation happened, and these days “millionaires” are still middle-class.
The difference between a millionaire and a billionaire is about a billion dollars.
Normal people will never own a million, neither in cash nor assets. Having a spare million is not middle class.
$1M in retirement funds equates to a $40k/year safe withdrawal rate in retirement, which is not much. Basically, if you’re not a millionaire by the time you retire, you’re in poverty.
Don’t get me wrong: you might be right that it’s “normal” to have less money than that… but only in the sense that the middle class is being destroyed.
Of course things look different if you add retirement onto it. But then you might as well add healthcare payments and all other taxes and expenses on top. It still isn’t available money / assets though.
This is an interesting idea. Not as much about billionaires, but about how regions race to the bottom to attract investment. Just like major sports franchises get insanely good tax treatment by moving or threatening to move theier team. Each city tries to give the better deal.
The idea that if the local gov doesn’t collect, the federal will should mostly put an end to that kind of thing. Ensuring that local governments get the funding they need.
Something like this, but just for business tax would be absolutely huge for US cities. It would also mean teams would go where the fans are, and businesses would go where the employees are.
Is that a bot comment?
I like to think I code better than the AIs. But I do understand how a comment with some hope in it seems out of place. It’s a shitty world.
You’ve got to be a millionaire to retire
LOL lemmy moment