Tag: Income inequality
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Who wants to be a two million dollar-aire?
I’ve been watching our net worth. It’s just a number and an inexact number at that. Your real net worth isn’t known until you are dead and your estate is settled. There are lots of vagaries when calculating your net worth, such as the value of your house, cars and other possessions. I use the…
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Is inflation really a problem?
Prices are up, in some cases by a lot. These include food, gas, rent, rental cars, and airline tickets, to name a few. Why is this? Is it going to be a lasting thing? What does it all mean? I ask the latter question because most Americans have never had to deal with significant inflation.…
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Mindlessly profiting from a pandemic
You’ve probably heard that the pandemic has made the wealthy wealthier and the poor poorer, at least here in the United States. The U.S. gross domestic product actually fell in 2020, but according to Quicken our net worth shot up 17% in what seemed like the worst year of our lifetimes. Just four years ago…
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A soaring stock market means little
Donald Trump is hoping to win reelection based on the soaring stock market. Good luck with that. A soaring stock market doesn’t hurt, but these days a soaring stock market amounts to more evidence that more income is being redistributed toward the wealthy. Why is that? It’s because you have to be relatively wealthy to…
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Unstacking the deck
I’ve decided life is much easier if you are rich. This is hardly surprising. While my wife and I don’t consider ourselves rich, at age 60 plus we are out of debt. No mortgage. No car payments. Now, precisely when I don’t need credit, I’ve discovered my credit score is 832 out of 850. I…
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How the “American Dream” killed the American Dream
The truth is, I think of Tom a lot. Tom and I go back to fourth grade. He was the new kid in class and unlike any of the other boys there he was a bit geeky like me. So we struck up a friendship. Decades later we are still friends, but we are bicoastal.…
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Real estate investing is exacerbating income inequality
Have you met Kevin? Kevin, i.e. Kevin Paffrath, has a YouTube channel, says he’s a millionaire and will help you get started in real estate investing so you can be a millionaire too. He’s handsome, reasonably young and looks overly caffeinated. The same is true of Graham Stephan who while being a millionaire still lives…
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Whites are being horribly exploited … by other whites
Fox News host Laura Ingraham drew some attention in August when she said this on her Fox News TV show: “In some parts of the country, it does seem like the America we know and love don’t exist anymore,” she said, with videos of agricultural work playing over her shoulder. “Massive demographic changes have been…
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Yes America, we have a race and class problem
In case you missed it, Alvin Toffler died on June 27. The author, principally known for Future Shock (1970), warned us that our future was not going to be easy. The book was a warning that too much change happening too quickly would have predictable consequences. In 1970 change was everywhere. Bellbottoms have since disappeared…
Occam's Razor 