Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away
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2021 Jul 14, 4:28pm 1,709 views 50 comments
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48
WookieMan
2021 Jul 15, 6:14pm
WookieMan
2021 Jul 15, 6:14pm
Eric Holder says
I'm like Trump, fuck Europe. Fuck defending them. It also wouldn't have been easy because Soviets/Russians aren't the sharpest knives in the drawer. They have zero issue stabbing each other in the back in a moments notice. Just because you have numbers doesn't mean it's functional. And just because they can defend their homeland when they put the bottle down doesn't mean they have offensive prowess. Russians will protect the homeland, but they're not well known for being effecting in taking things over outside of tiny regions/countries that no one cares about really.
My point was they were never a threat to mainland USA. Maybe Alaska or Hawaii. Or Guam after we took that. They have/had no offensive power since they got nukes. They've really never been a threat. The cold war was hype. Testing nukes doesn't equate to it working in the real world on foreign soil and getting it across an Ocean at the time.
It's probably likely that what they did in Cuba was standard missiles. We have no clue really. They puss'd out either way. So in reality it wasn't a threat. Because they likely weren't nukes. That's just what we're told to instill fear. Russians or the USA could win a conflict in minutes. No one chooses to do so. MAD is possible, but who knows. Like I said, it's a big dick contest that no one is willing to die over. And frankly during and after the cold war Russia has shown its micro penis.
You don't exactly call a standing army with 5,5M active personnel, 35M in reserve, 90M total available for conscription, 40K tanks, etc. "overhyped" and "insignificant", m'kay? The threat of "steamrolling" Europe was very real.
I'm like Trump, fuck Europe. Fuck defending them. It also wouldn't have been easy because Soviets/Russians aren't the sharpest knives in the drawer. They have zero issue stabbing each other in the back in a moments notice. Just because you have numbers doesn't mean it's functional. And just because they can defend their homeland when they put the bottle down doesn't mean they have offensive prowess. Russians will protect the homeland, but they're not well known for being effecting in taking things over outside of tiny regions/countries that no one cares about really.
My point was they were never a threat to mainland USA. Maybe Alaska or Hawaii. Or Guam after we took that. They have/had no offensive power since they got nukes. They've really never been a threat. The cold war was hype. Testing nukes doesn't equate to it working in the real world on foreign soil and getting it across an Ocean at the time.
It's probably likely that what they did in Cuba was standard missiles. We have no clue really. They puss'd out either way. So in reality it wasn't a threat. Because they likely weren't nukes. That's just what we're told to instill fear. Russians or the USA could win a conflict in minutes. No one chooses to do so. MAD is possible, but who knows. Like I said, it's a big dick contest that no one is willing to die over. And frankly during and after the cold war Russia has shown its micro penis.
49
FortwayeAsFuckJoeBiden
2021 Jul 15, 7:14pm
You know they’ll just spend it on socially fashionable shit like gay rights, social justice, equity… fund destruction of America paved with good intentions.
50
GreaterNYCDude
2021 Jul 15, 7:51pm
I'm not a subscriber so I could only read the first few paragraphs.
1) The average wealth of the 70+ bracket is up 7% in part because life expectancy has increased by 5 years in the past 30. More people over 70 = longer until their wealt is passed down and more opportunity to build wealth since many are retiring later than 30 years ago.
https://www.macrotrends.net/countries/USA/united-states/life-expectancy
2) Given the average inheritance cited in the article, I wonder how much of that wealth is due to the sale of the deceased primary residence by their heirs. I'd be willing to bet the 45% rise and home prices correlate closely to the gain in average inheratnce, but I don't have the latest Case Schiller charts on hand.
I don't see how givong away once wealth in advance helps. Remember the parable about the prodigal son?
1) The average wealth of the 70+ bracket is up 7% in part because life expectancy has increased by 5 years in the past 30. More people over 70 = longer until their wealt is passed down and more opportunity to build wealth since many are retiring later than 30 years ago.
https://www.macrotrends.net/countries/USA/united-states/life-expectancy
2) Given the average inheritance cited in the article, I wonder how much of that wealth is due to the sale of the deceased primary residence by their heirs. I'd be willing to bet the 45% rise and home prices correlate closely to the gain in average inheratnce, but I don't have the latest Case Schiller charts on hand.
I don't see how givong away once wealth in advance helps. Remember the parable about the prodigal son?
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https://www.wsj.com/articles/older-americans-35-trillion-wealth-giving-away-heirs-philanthropy-11625234216