• @[email protected]
      link
      fedilink
      English
      8
      edit-2
      9 days ago

      You need to be a millionaire these days if you want to actually retire. If it only took a million, would have retired a while ago.

    • IninewCrow
      link
      fedilink
      English
      10
      edit-2
      9 days ago

      I know plenty of millionaires … people who own property, vehicles and wealth that all amount to one or two million … and they are still just getting by. They aren’t that terribly wealthy - they don’t live with any more luxury than most people, they just have more things.

      Billionaires on the other hand are something else … it’s like comparing someone with a weight problem and calling millionaires slightly pudgy and billionaires are grossly overweight behemoths that can affect the structure of your house.

      Here’s a visual comparison using grains of rice of what a millionaire and billionaire and the wealth of someone like Jeff Bezos is

      Using Rice to Show How Rich Jeff Bezos Is | NowThis

      • @[email protected]
        link
        fedilink
        49 days ago

        I understand the extreme difference between millions and billions. My point is neither a millionaire nor a billionaire needs it.

        • @[email protected]
          link
          fedilink
          English
          7
          edit-2
          8 days ago

          Sure, but we don’t “need” anything above our basic survival cost, let’s go live on the Savannah and hunt our food again.

          For me the problem are those who hoard wealth, who don’t earn a salary but sit and live off their massive pile of accumulated wealth. We need a wealth tax now.

          • @[email protected]
            link
            fedilink
            18 days ago

            Sure, but we don’t “need” anything above our basic survival cost, let’s go live on the Savannah and hunt our food again.

            Straw man detected.

      • N-E-N
        link
        fedilink
        39 days ago

        I feel like a lot of people retire with much much less than “millions”. Might not be a super comfortable retirement but, def doable.

        • @[email protected]
          link
          fedilink
          English
          169 days ago

          My mom ‘retired’ with ‘much much less than “millions”’. She stopped working at 75.

          She lives in a small $2/sqft/mo rental with dodgy power, asbestos in the walls, windows stuck shut, people staggering past the fuse box all night, miner bees in the walls, and shit Internet. It’s a coastal town with no access by roads - just ferries - and minimal services. It’s a half-day to get there, really, or an hour’s flight.

          you may need to experience your version of ‘doable’ before you commit to it.

        • @[email protected]
          link
          fedilink
          69 days ago

          Being a homeowner gets you there in a lot of places, it doesn’t matter because you still need a home so you can’t live off it

      • @[email protected]
        link
        fedilink
        68 days ago

        In the current situation yes. The point is we need to fix it so one doesn’t need excessive capital to simply retire, and the rich begging to be taxed more can do a lot on their own to help without the Government.

      • Maeve
        link
        fedilink
        18 days ago

        Almost like the col should be reigned in.