Personal finance: “Eat the rich”
Today we live lives that not long ago were considered luxury available only to the ultra wealthy.
Demographics
Doomerism
Economy
Finance
Gen Z/Generational issues
Media
Nation of Idiots
Personal finance
Stupidity
Economy: Mega lifestyle inflation
The NY Times writes a sob story about couples who can't afford to have a child. It's actually a story about lifestyle inflation.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Policy/Government
Demographics: We must confiscate elder’s savings and kill them off
So says an actual Yale professor, Samuel Moyn
Government: Combined State+Federal tax burden by state
Oregon has the highest combined tax rate of all states.
Policy: Does the US government spend 6x more on those 65+ than on ages 0-17?
True, by leaving out all the local and state spending. In the real world, spending is almost equal.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Social media
Never trust experts
The Baby Boom generation had an average of 1.9 to 2.1 children per family, not 3.2 as this CEO and economic advisor claims.
Education: 26-40% of education loan recipients admit spending on non-educational expenses
26-40% of education loan borrowers admit spending their loan money on non-education activities, experiences, travel and luxury goods.
Policy: Claims that the rich live off of “loans” and pay no taxes are exaggerated
The wealthy live off of loans and pay no income or capital gains tax. Not exactly, this is a distortion of what is being done.
Social: “Charity” is a brand, but not reality of many non-profits
Many charities are now de facto government subcontractors you fund with your taxes. Should you also donate directly? Individual donations often make up little of their revenue.
Personal finance: You get rich by not spending-who knew?
Wealth is created by earning, saving and investing. Not by spending money on "stuff" that mostly gets stored and seldom used. Also simplifies your life.