whoxtank28

The southern US 😖

Its a buy borrow die strategy. You take loans and refi them to be larger and larger until you die, when you do, the cost basis is reset (so if your cost basis was 1,000,000, but your investments are now worth 20,000,000, your cost basis becomes an untaxable 20,000,000) this new “stepped up” untaxable money (in investments) is used to pay off the debt by selling some assets, lets say 5,000,000 in debt covered by selling (untaxable) investments. This would be for someone with a handful of millions of dollars, I can only imagine what it is like for someone who has hundreds of billions in assets…

I used to do a very niche job (that does not exist anymore) that required great skill, and I was so good at it, I was likely in the top 10 of all time. There were less than 1000 people qualified to do this job, and I was in the top 1%, AND those ~1000 people were the only ones to ever do this specific job out of the ~8 billion people on this planet.

Now I work a relatively mundane IT job, and no one knows or cares about what I have accomplished, except for my peers.

Even Hitler did not manage to get the Gestapo set up until 4 months after he was appointed as chancellor. It has only been 3 weeks. Auschwitz was not set up until 7 years after his rise to power. Though the first concentration camp, which I imagine was more mild, was set up after a few months.

It feels like you are arguing in bad faith.

If I am getting ready to go hiking in an area where there may be bears, I don’t say to myself, “I am not currently being attacked by a bear, so I will probably not need bear mace.” In this analogy I like hiking (living in the democracy that I was born in and served to defend) therefore I will not choose to just not go hiking (leaving).

Early 90s millenial here. I remember the wild west internet days. Left Reddit because it does not serve the interests of its users anymore.