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.
Economy: “18% of California homes change hands via inheritance”
And this is likely explained by the large baby boom cohort now hitting age 80 and passing away, in a state with Prop 13 property tax benefits.
Personal finance: Pilot pay – why you may want a licensed job
Experienced airline pilots earn $400k to $500k/year, thanks to licensing, unionization and anti-competition laws passed by Congress.
Demographics: “70% of people turning 65 will need long term care” – is 100% misleading
Most long-term care for the elderly is provided at home, by family members. The 70% figure used by insurance salespeople is bogus.
“Off grid” living
Up to 50% of those who move "off grid" give it up within 3-5 years. But we don't hear about those stories.
Personal finance: The Myth of IRA retirement accounts
The original IRA turned out to be a bit of scam for today's retiring seniors.
Economy: Today’s homes cannot be compared to 1950s-1970s homes
Another comparison of homes from 1970 to today. The differences are huge, making price comparisons useless.
Economy: “Home prices have quadrupled relative to income”
This finance influencer chart is bogus.
Personal finance: Klarna and personal finance
Is use of Buy Now, Pay Later a sign of stretched budgets? No. Almost all purchases are discretionary in nature, not necessities.
Gen Z: “Choosing the soft life”
Gen Z says "Boomers had it easy" but simultaneously says they reject the work and burnout culture of their parents. A bit of a contradiction.
An Analysis of X posts on Gen Z vs Social Security
The Gen Z vs Boomers Social Security posts on X make little sense. (1) Boomers should retire to make jobs available, (2) but that increases SS payouts, and (3) since…
Personal Finance: Spending priorities lean to “looking hot”
No one has any money but they have plenty to spend on looking hot, $2k+/year just on cosmetics.
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Economy: Should billionaires be forced to give away all wealth to the government?
Bill Gates has donated over $200 billion to charitable causes, WHO, foundations, research, drug discovery, education and more.