Another, and to me more important, measure of wealth is healthy time left on Earth, or Healthspan.
When you are young and healthy, you are a health span billionaire. Gates or Buffet would gladly exchange all of their wealth to be 20 again.
American life expectancy is now declining, for the first time in history, but our healthspan has been in decline for decades. If you are 65 now, on average you have 18 years left, but how many are healthy, cognizant and vigorous? Not many.
As an extremely fit AND healthy individual in my late 60s, I have many financially successful friends who are health span impoverished. I don't flaunt my current health and vigor around them ostentatiously (except maybe when competing, I give no quarter!) but I sense often a resentment, perhaps because they see me as "lucky", not knowing the multiplicity of things I do to optimize my health and fitness every day 24/7/365, from a baseline of poor health when I was younger. Kind of like how they got rich, and no doubt they have jealous energy around them as well around finances.
If you are still young, don't squander your health, invest in it. It has been an uphill struggle for a long time for all of those who wish to stay rich in years, with tons of disinformation to derail your efforts, but listen to your body, observe those around you, and learn from your own and others' mistakes. It WILL be worth it!
Also, set aside since money to low dose steroids later in life. Heard it's a game changer.
I am sure this is a strategy for many who buy into the pharma model of "health". Notice there is no "span" there, as what feels like an improvement in "health" or "fitness" at 50 or 60, may well feel very very different when you are 70 or 80, especially when your dependency on a long-term, potentially toxic medication has unintended consequences. I prefer to take my chances with an immune system and physiology that has been honed by millions of years of evolution and billions of births and deaths than with somebody's "model" or magic lab formulation.
(BTW I always assume that in my age cohort, maybe 1/2 of my competition are on some form of exogenous HRT. This comes into play when finishing my 800 with an injection of Pure Hate to negate their injection of pure poison. :)
Another, and to me more important, measure of wealth is healthy time left on Earth, or Healthspan.
When you are young and healthy, you are a health span billionaire. Gates or Buffet would gladly exchange all of their wealth to be 20 again.
American life expectancy is now declining, for the first time in history, but our healthspan has been in decline for decades. If you are 65 now, on average you have 18 years left, but how many are healthy, cognizant and vigorous? Not many.
As an extremely fit AND healthy individual in my late 60s, I have many financially successful friends who are health span impoverished. I don't flaunt my current health and vigor around them ostentatiously (except maybe when competing, I give no quarter!) but I sense often a resentment, perhaps because they see me as "lucky", not knowing the multiplicity of things I do to optimize my health and fitness every day 24/7/365, from a baseline of poor health when I was younger. Kind of like how they got rich, and no doubt they have jealous energy around them as well around finances.
If you are still young, don't squander your health, invest in it. It has been an uphill struggle for a long time for all of those who wish to stay rich in years, with tons of disinformation to derail your efforts, but listen to your body, observe those around you, and learn from your own and others' mistakes. It WILL be worth it!
No, they won’t, or at least you don’t have a credible reason to think that. They have done something meaningful with their lives. Just living is meaningless, as is your “health span billionaire” point that is just a glib way to blather non sequiturs.
You seem to be in over your head on your middle aged “health and vigor” (wtf is “vigor” anyway?). Every thread isn’t about you. Or even about health.
Jealousy is a helluva drug. High on your own supply dude.
Younger readers: the nihilistic narrative of the MSM and anti-human agenda wants you to think that the world will end by 2030 because of cow farts, systemic racism, scamdemics, nuclear annihilation or whatever. This is the seat of power ensuring that the generations (you) coming up on them will be depressed and fatalistic and won't think long-term or invest in yourselves. You will go limp into a malleable, submissive blob, perfect raw material for whatever schemes they envision. The oligarchs and their children will thus have less competition for wealth and power. Lies and gaslighting about what is essential in life have always been served up in this way, it is a story as old as civilization. It always fails eventually, but if each of us do not free ourselves from this malign influence, we have only ourselves to blame.
I will sum up my philosophy as "Appreciate and be grateful for your life as if you will die tonight; plan your life and actions as if you will live to 100 years".
This is thanks to capitalism, it is especially made worse due to trickle down economics, the middle class is now about extinct, owning a home is unrealistic for most Americans and it won't change till the workers of America unite as one.
No, they won’t, or at least you don’t have a credible reason to think that. They have done something meaningful with their lives. Just living is meaningless, as is your “health span billionaire” point that is just a glib way to blather non sequiturs.
You seem to be in over your head on your middle aged “health and vigor” (wtf is “vigor” anyway?). Every thread isn’t about you. Or even about health.
Jealousy is a helluva drug. High on your own supply dude.
Younger readers: the nihilistic narrative of the MSM and anti-human agenda wants you to think that the world will end by 2030 because of cow farts, systemic racism, scamdemics, nuclear annihilation or whatever. This is the seat of power ensuring that the generations (you) coming up on them will be depressed and fatalistic and won't think long-term or invest in yourselves. You will go limp into a malleable, submissive blob, perfect raw material for whatever schemes they envision. The oligarchs and their children will thus have less competition for wealth and power. Lies and gaslighting about what is essential in life have always been served up in this way, it is a story as old as civilization. It always fails eventually, but if each of us do not free ourselves from this malign influence, we have only ourselves to blame.
I will sum up my philosophy as "Appreciate and be grateful for your life as if you will die tonight; plan your life and actions as if you will live to 100 years".
Oh boy, you really are a tinfoil hat crackpot. All the raw beef giving you mad cow?
I have seen people cite 60 million people on welfare elsewhere on the internet but haven’t seen a break down of what type of assistance is included in 60 million number. (it is especially unclear since there is no US government program called “welfare”). The program that looks the most like welfare, TANF, only goes to around 1.1 million families. 40 million people receive SNAP (food stamps). Another 10 million receive disability insurance under SSI because they are disabled or spouse of a disabled person.
But at end of day you are right: tens of millions of Americans (between 50 and 60 million) receive gov’t assistance to survive.
No, they won’t, or at least you don’t have a credible reason to think that. They have done something meaningful with their lives. Just living is meaningless, as is your “health span billionaire” point that is just a glib way to blather non sequiturs.
You seem to be in over your head on your middle aged “health and vigor” (wtf is “vigor” anyway?). Every thread isn’t about you. Or even about health.
Jealousy is a helluva drug. High on your own supply dude.
Younger readers: the nihilistic narrative of the MSM and anti-human agenda wants you to think that the world will end by 2030 because of cow farts, systemic racism, scamdemics, nuclear annihilation or whatever. This is the seat of power ensuring that the generations (you) coming up on them will be depressed and fatalistic and won't think long-term or invest in yourselves. You will go limp into a malleable, submissive blob, perfect raw material for whatever schemes they envision. The oligarchs and their children will thus have less competition for wealth and power. Lies and gaslighting about what is essential in life have always been served up in this way, it is a story as old as civilization. It always fails eventually, but if each of us do not free ourselves from this malign influence, we have only ourselves to blame.
I will sum up my philosophy as "Appreciate and be grateful for your life as if you will die tonight; plan your life and actions as if you will live to 100 years".
Hit the nail on the head. Notice how the people the resentful, nihilistic commie libs complain about are all self-made entrepreneurs. I never hear libs complain about the Rothschilds, J.P. Morgan, and whatever other uber-powerful dynasties that basically pull the strings on the economy and federal reserve....I wonder why that may be.
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
Your father in law was able to do that but that was long time ago. Today, the same path would probably impossible. Just alone "3 kids through college". How much was it then, how much is that now?
Well one (my wife) had a track scholarship at a D1 University, in the late 1980's. So that one was covered partially, after the first year as she was a walk on. The others educations were pretty much fully paid by her parents. One ended up as a Respiratory Therapist, the other has a degree in Economics but his job for the past 20 years has his own business as a hoof trimmer. Now worth over a cool million big ones. The issue these days is that the colleges and universities are funded by the federal student loan program so they have no incentive to keep tuition affordable. And really, at the end of the day it really dosen't matter where you do an undergrad, with some exceptions. Graduate school is a different story. I did mine at UCLA, paid $360.semester (as I recall) from 1980 to 1984. I worked full time and took a full time caseload as well paid my own way. Also ran 70 miles a week on average. Same as an undergrad except I also had an athletic scholarship and worked part time. Anyway, my point is that unless one is willing to go into huge dept, college may not be an option. The trades however are, but that also takes work and a long time to become proficient, and so satisfy state requirements. Nothing worthwhile is easy.
Heard this statistic on the radio the other day. Shocking if true. Just thought it was interesting. Maybe not true now due to fluctuations...
A large fraction of the country has negative wealth (think recent graduates or just young households in debt). So if you have a net worth of $1.00 you have more wealth than a large % of the country combined.
Well then, if you want to play that game, you must subtract all the "richer's" debt and the taxes that would be payable to convert the their paper "wealth" into cash.
Heard this statistic on the radio the other day. Shocking if true. Just thought it was interesting. Maybe not true now due to fluctuations...
Because those folks provide some sort of service we are willing to pay for.
The envy and crap over this sort of thing bugs me.
It stinks of the idea that they stole that money or that it would be there for others shows a lack of understanding of how wealth works on scale. It is not like if Bezos were worth less that money would be spread to poor people.
Also, those folks got wealthy by creating jobs for others. How many people does Amazon employee? How many people use Amazon to run their small businesses? How many jobs has Elon Musk created? (Yeah he fired people at Twitter still a net job producer).
All of those people then buy products and services from others.
The stat quoted by OP doesn't really say much of anything about the wealth of the top three individuals. It says a whole lot about the wealth (or lack thereof) of the bottom X %.
But the bottom X % are the ones most likely funneling their $ to the top 3.
By paying for a service or product...it is not being stolen (at least not by the top 3).
Elon Musk is working hard right now to reduce his wealth.
Overpaid for Twitter, driving it into the ground and causing Tesla stock to drop as shareholders look at his erratic behavior.
He paid for Twitter with an inflated stock price. Which, technically, is a smart move. So when Tesla’s price right sizes, he ends up getting Twitter for a discount.
except not all that money came from that. He is personally on the hook for billions.
This is what the institution wants. This is how they planned it. About 50% of the population living check to check. That same demographic was begging for a pay raise and got it--but still lives check to check. Time to wake up.
Who is "they"? I find it amazing anyone thinks a cabal controls an economy. The closest thing is OPEC and it cannot even do that.
60 million are on welfare. They don't have a paycheck. We are paying them.
You really need to define "welfare" here. If you are counting the 46 million retirees in that number (which you have to be) then it really offers a distorted number.
Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.
Yes they did, profit is just another word for stealing the surplus value created by the workers.
NOOOOOO!!!!
First, they buy stuff that creates jobs. They might own a private plane, well someone built that plane and the parts so they all benefitted from that sale.
Second, people work for these wealthy folks. They have a job so they can buy stuff.
Third, they have a product or service that others want to use with what I have left over at the end of the month or what I need to get through the month.
No, they won’t, or at least you don’t have a credible reason to think that. They have done something meaningful with their lives. Just living is meaningless, as is your “health span billionaire” point that is just a glib way to blather non sequiturs.
You seem to be in over your head on your middle aged “health and vigor” (wtf is “vigor” anyway?). Every thread isn’t about you. Or even about health.
Jealousy is a helluva drug. High on your own supply dude.
Younger readers: the nihilistic narrative of the MSM and anti-human agenda wants you to think that the world will end by 2030 because of cow farts, systemic racism, scamdemics, nuclear annihilation or whatever. This is the seat of power ensuring that the generations (you) coming up on them will be depressed and fatalistic and won't think long-term or invest in yourselves. You will go limp into a malleable, submissive blob, perfect raw material for whatever schemes they envision. The oligarchs and their children will thus have less competition for wealth and power. Lies and gaslighting about what is essential in life have always been served up in this way, it is a story as old as civilization. It always fails eventually, but if each of us do not free ourselves from this malign influence, we have only ourselves to blame.
I will sum up my philosophy as "Appreciate and be grateful for your life as if you will die tonight; plan your life and actions as if you will live to 100 years".
Free yourself from malign influence! Don’t go limp into a malleable, submissive blob! Don’t give THEM what THEY want. That would be BAD
Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.
Unfortunately, around half the country (and you can guess which half) thinks they did. They think every dollar in Elon Musk's bank account is a dollar that was somehow unfairly displaced from the bank accounts of the "bottom 50%."
Most "wealth" that the top has is not in a bank drawing interest.
Even if it were, that money is then available to be loaned out for mortgages or loans to builders to build things or businesses to expand. Money at a bank is not just sitting in a vault. That money is growing more money.
The tax structure needs to be changed to incentivize paying workers more than giving executives stock. Bonuses to execs do not correlate with corporate success.
No they do "correlate". What you mean to say is there is most likely no causation since the cause is typically from the blue collar workers making minimum.
I am not sure they correlate either actually. Bonuses and stock options can have a perverse incentive to do things that will reap a benefit in the short term but maybe not in the lifespan of that business. A person who is offered 10,000 shares of a stock that is at $50 today might make decisions for the company that will jack that up to $100 in a few months, but that in the long term could cause the company rough times or even to close. However, that CEO would make out well having doubled the stock price.
