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Cake day: July 3rd, 2023

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  • jjjalljs@ttrpg.networktomemes@lemmy.worldLife frustrations
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    20 hours ago

    When people talk about their income they usually talk about gross, which is pre-tax. When someone says “I make $100k a year” they don’t typically mean they take home net $100k.

    Investments are typically also only taxed when you realize the gains, so if you have $3mm and “earn” $300k, you only pay taxes if you sell some of that. Other interest, like from a high yield savings, is taxed as income.

    Health insurance is a nightmare, but there are options in this hellscape for buying it. Many poor people are also just uninsured, so you’re not much worse off than them in this scenario.

    Did you have any details you wanted to talk about, or did you just want to try to be pithy?


  • jjjalljs@ttrpg.networktomemes@lemmy.worldLife frustrations
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    20 hours ago

    It is kind of fucked up that if you’re even mildly rich, you essentially get basic income.

    If you have $1 million, a fairly conservative investment strategy will get you $100k per year. That’s about the median income for NYC. You’ll probably get closer to $150k, since vanguard usually gets about 15% returns. That’s just sticking the money in Vanguard and doing nothing else. Sit at home playing final fantasy and “earn” more than a teacher.

    If you’re richer, but not even mega-rich, say $3 million, you can put it in an *insured high yield savings and take home $135,000 a year. Or diversify, put some in vanguard, some in bonds, and some in high yield savings. You’ll “earn” more than many people do at their jobs.

    You could then just do what you want with your days. Write a book. Finish your backlog of games. Start a band. Whatever you want. You’d be free.

    I want everyone to have basic income, not just the rich.






  • Is authoritarianism also cluster b? There are a lot of people who seem to get off on being part of the group. Like, it brings them chemical joy to be screaming in a crowd about how that other group of people need to die. Those people kind of suck, too.

    I don’t think every maga hat is a narcissist, but a lot of them are trash humans who value their in-group feelings of solidarity over everything else.