Wealth

[BillyONare]

https://twitter.com/Empty_America/status...6579374085
https://web.archive.org/web/202204051725...74085.html

Regardless of your opinions on its real value, American super-affluence is a thing. 

These pictures are readily achievable by perhaps the top 20-25% of American households.  Nearly inconceivable for ordinary people anywhere else on earth.

[Svevlad]

True, but for how much longer? It seems that the bureaucrats (and their jew and ultra-elite overlords, but the bureaucrat needs no goading to fuck over people out of spite and jealousy) are dead set on making Europe look libertarian

[anthony]

I feel like real national affluence should be measured as which way you're trending on top of what you have. The existence of one ignorant Mansa Musa generation isn't a sign your country is doing well. How many of these morons let their children be spiritually gutted and robbed of opportunities? How big is this affluent non-elite population now and how big will it be next generation, and the one after that? Pretty much repeating Svevlad's point here.

[Guest]

worth reading: https://economistwritingeveryday.com/202...eneration/

tl;dr: millennials seem to have exactly as much wealth as the boomers and gen-x at their respective median cohort age. As millenials age and enter their 40s, they will likely surpass Gen-X in wealth, as Gen-X surpassed the boomers in their late-40s (look at income now: https://economistwritingeveryday.com/202...illennial/)

@anthony

[anthony]

Guest:

worth reading: https://economistwritingeveryday.com/202...eneration/

tl;dr: millennials seem to have exactly as much wealth as the boomers and gen-x at their respective median cohort age. As millenials age and enter their 40s, they will likely surpass Gen-X in wealth, as Gen-X surpassed the boomers in their late-40s (look at income now: https://economistwritingeveryday.com/202...illennial/)

@anthony

I know people who are set to do well financially. But I feel like the share of people actually on track to stabilise and accrue wealth isn't too big. And this ignores soft factors like boomers not growing up in a deranged anti-civilisation cult managed society. We can't quantify that, but I consider it a negative on the balance sheet.

I know very few people who are on genuine career tracks. Yet to be seen if this is a real phenomena or if it will mean anything if so.

[Svevlad]

You might be looking at an "europeanization" of personal economics. Opportunities for independent wealth creation reduce, but a generations wealth increases when their parents die and they inherit.

A monkey wrench here in America's case are some ridiculous property taxes, I think - when I heard how much the state rips yous off I was confused, but then it made sense why Americans rush to sell a house the instant they inherit it