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Billionaire Losses since Trump
(lemm.ee)
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this post was submitted on 13 Mar 2025
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Boycott US
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The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.
Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.
America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.
America needs to challenge the court rulings of citizens united v. fec and shelby county v. holder, protect the media, implement independent district drawing, and the single transferable vote so they don't end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.
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In which fairy tale world do you live that a couple of millions is enough to last a lifetime? Can't even buy a house here with a couple of mil... And then you're forgetting about the inflation. A couple of mil is nothing.
Can someone do the math if 2 million is enough to live comfortably? (per adult in the family)
In most places you can buy a house for half a mil, and just put the trest in stocks and pull a monthly salary
There's a rule of 4%, meaning that you should not withdraw more than 4% of your investments per year to keep the ball rolling. To cover the US average salary you have to have $1.65m invested. Good luck finding a house for $450k and living without medical insurance.
If you want to have insurance, then your 4% minimum rises up to $1.875m. And I really don't think you can buy any house for $125k...
The problem with people who think that $1-2m is enough is that they were born in the 1980-s or something when $1m was a lot of money. But inflation is a thing and that money is not enough anymore. If you ask me, $10m is a bare minimum today to be set for life and not to worry about finances ever.
It really really depends on your standard of living too. This number will be different for everyone. Some would be happy with 125k house, it's small and nothing fancy, but the 5 bedroom 2 car garage house, not for everyone.
There are a lot of ifs, sure. That's another reason why a blank statement that $2m is enough is plain wrong.
Where are you finding $125k homes that arent previous crackhouses?
Anywhere outside a major city in the Midwest. If you don't have to work any more and worry about commute then you can get a decent house in the country.
An older small house 30+min from a smaller city with some fixing to do.
Previous crackhouses are more likely to be auctioned or sub 100k in all but the craziest areas.