This is an astounding level of bullshit even from a country that gives its full throated support to anyone with a net worth in the 7 figures or greater.
A million bucks isn’t worth a million bucks anymore. $1,000,000 might net you $75,000 in yearly interest, before taxes. What kind of purchasing power is that going to be at retirement?
$33/hr. was an unimaginable amount of money to me in 1998. What’s that look like when I can’t work anymore, say in 2040? How about when a loaf of bread goes from $.50 to $5.50? That’s how I know you’re a child.
This is an astounding level of bullshit even from a country that gives its full throated support to anyone with a net worth in the 7 figures or greater.
A million bucks isn’t worth a million bucks anymore. $1,000,000 might net you $75,000 in yearly interest, before taxes. What kind of purchasing power is that going to be at retirement?
A worker earning $36 an hour wouldn’t make $75,000 a year.
The millionaires are fine.
You know how much insurance costs on a Ferrari?
…/s. Any Replacements fans out there?
$33/hr. was an unimaginable amount of money to me in 1998. What’s that look like when I can’t work anymore, say in 2040? How about when a loaf of bread goes from $.50 to $5.50? That’s how I know you’re a child.
Oh, did I say $33/hr? Oops, I meant $36/hr.
$36 an hour × 40 hours × 52 weeks = $74,880