That’s why we need to have a conversation about taxing millionaires when everyone yells “tax the rich!”
A million may be more than what a lot of people have, but it’s probably not even a number people can even retire with considering taxes and inflation. Two to 3 million might be a start, 4 million would be ok today, but when people retire in 10, 20, 30+ years from now? Who knows what that will be worth. And before someone quotes some return on 3-4 million with some high rate and says it’s a lot of money… Isn’t that what you want!? Out of all that you’re paying for health care, maybe a mortgage (because who stays one place long enough to pay it off these days?) or rent that you have to pay? Maybe help you with your kid’s crazy college costs? Sit around the house and wait to die now that you’re retired? People might say they could live on less, but doing things is expensive. House maintenance is expensive. Medical is expensive. It’s all getting more expensive.
Where did I say anyone is making a million a year? What does a million a year have to do with a lifetime of saving, ROI, and compound interest for a normal person? If you’re making a mil a year retirement shouldn’t be a problem. Or are you just saying people should take up knitting in your version of retirement and constantly worry about money or a surprise expenditure?
Or are you just saying people should take up knitting
Man, don’t even get me started on the fast fashion industry. We’re killing the planet so that we can turn raw cotton into landfill waste on the backs of East Asian slave labor.
If we could end that by telling Jeff Bezos and Chip Wilson to take up knitting? Yes, absolutely.
Save the planet. Shut down Temu and lock Colin Huang in an oubliete until he darns everyone else a decent sweater.
I have no idea why you jumped to it from millionaires needing to be taxed more.
But if you think knitting as a profession is some kind of joke, why would you defend people from taxation when they were profiteering off the textile work of others?
That’s why we need to have a conversation about taxing millionaires when everyone yells “tax the rich!”
A million may be more than what a lot of people have, but it’s probably not even a number people can even retire with considering taxes and inflation. Two to 3 million might be a start, 4 million would be ok today, but when people retire in 10, 20, 30+ years from now? Who knows what that will be worth. And before someone quotes some return on 3-4 million with some high rate and says it’s a lot of money… Isn’t that what you want!? Out of all that you’re paying for health care, maybe a mortgage (because who stays one place long enough to pay it off these days?) or rent that you have to pay? Maybe help you with your kid’s crazy college costs? Sit around the house and wait to die now that you’re retired? People might say they could live on less, but doing things is expensive. House maintenance is expensive. Medical is expensive. It’s all getting more expensive.
Doing things is expensive because people with million dollar a year incomes make it expensive. That’s where the million/year comes from.
Where did I say anyone is making a million a year? What does a million a year have to do with a lifetime of saving, ROI, and compound interest for a normal person? If you’re making a mil a year retirement shouldn’t be a problem. Or are you just saying people should take up knitting in your version of retirement and constantly worry about money or a surprise expenditure?
Man, don’t even get me started on the fast fashion industry. We’re killing the planet so that we can turn raw cotton into landfill waste on the backs of East Asian slave labor.
If we could end that by telling Jeff Bezos and Chip Wilson to take up knitting? Yes, absolutely.
Save the planet. Shut down Temu and lock Colin Huang in an oubliete until he darns everyone else a decent sweater.
I have no idea how you got any of that from what I said.
I have no idea why you jumped to it from millionaires needing to be taxed more.
But if you think knitting as a profession is some kind of joke, why would you defend people from taxation when they were profiteering off the textile work of others?