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?
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.
.