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Culture War Roundup for the week of October 2, 2023

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I just watch the money I float in my checking accounts go up 70k every couple months and most of it goes into investments that will only be dinged if the government of the USA collapses; recission proof and inflation proof and 98% risk free.

The best-yielding thing that's close to inflation proof, recession proof, and risk free right now is a 6-month T-bill at 5.578 percent. To make 70k every couple of months from that, you need $7.2 million, which you're not going to get by sitting on mid-6 figures of investments for 1.5 generations.

I know that my solution (radical wealth redistribution, red-black shit at large, etc and so forth) isn't popular here

For some reason such solutions always seek to redistribute wealth away even from those who didn't inherit the bulk of their money. My own gain from inheritance currently stands at zero; I'm not keen on solutions which would strip me of my retirement -- the one I saved and invested for myself -- based on some sort of class envy of trust-fund kids and Hunter Biden-type failsons.

To make 70k every couple of months from that, you need $7.2 million, which you're not going to get by sitting on mid-6 figures of investments for 1.5 generations.

It's only 6% a year. Why isn't that possible? The real problem is that you're going to lose most of that 5.578% to inflation. A 2% real return per year is more realistic, which means you need $21 million and 8.7% real growth a year.

Assuming I was in this position, I would probably want to go farther out ..maybe 20+ years even if it means only 4%. the problem with those juicy 5.5% short term yields is that at any hint of job weakness/recession, they gonna drop like a rock, so will only enjoy those fat returns for about a year. With a 20-30 year bond, you lock in 4% or more for a quarter century even if real returns are slightly negative now.

For some reason such solutions always seek to redistribute wealth away even from those who didn't inherit the bulk of their money.

I think it's tall poppy syndrome.

People can accept that someone has money because they were born into an advantageous position. People can't accept that someone has money because they are smart, better, or worked harder.

Witness the insane amount of cope trying to paint Elon Musk's slightly wealthy father as some sort of plutocrat.

People can accept that someone has money because they were born into an advantageous position

or that they dislike elon musk so that is the most effective attack . the right does it for Mark Zuckerberg too "he stole facebook"

the right does it for Mark Zuckerberg too "he stole facebook"

This doesn't feel accurate to me. I don't think the right sees Zuck as untalented, merely evil. Zuckerberg isn't even really left coded either. No matter how much money he gives to far left causes, he's not really one of them. "Zuck stole Facebook" isn't right coded or left coded. It's low-IQ coded.

But I take your point that tall poppy syndrome is not confined to the left.