Don’t be too harsh he’s a cool dude, but he unfortunately has some capitalism good musk good sentiments that I’ve been trying to dismantle for some time now and i thought I’d ask for help with this.

Or you can just dunk.

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[–] InevitableSwing@hexbear.net 23 points 1 year ago* (last edited 1 year ago) (1 children)

pretty much everyone loses their inheritance

That's ridiculous. If somebody inherits money at a young age or youngish age - they can stick it in an index fund. It's a safe investment and if they reinvest a majority of the proceeds - due to compounded interest it will grow a surprising amount over time.

And - of course - the larger the inheritance the greater the chance their parents will help them via their influence, networking etc.

[–] AlpineSteakHouse@hexbear.net 2 points 1 year ago

Half a million dollars in an index fund will net you the median annual income for life.

If you family had a house or two you can make more money doing literally nothing than you would working.