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Started By
Message
re: This next generation of American kids are going to be rich
Posted on 7/5/25 at 10:39 pm to NashvilleTider
Posted on 7/5/25 at 10:39 pm to NashvilleTider
Time is the most valuable asset. If we educate our kids to delay gratification, then yes..
0
Posted on 7/5/25 at 10:42 pm to NashvilleTider
Whats going to keep deadbeat parents from stealing the money from their children? I dated a girl who's Step mother used her kids and step kids SS numbers to rack up a bunch of debt under their names.
Posted on 7/6/25 at 4:47 am to Out da box
quote:
It is going to end social security too…in due time
So we end social security by giving money away?
Posted on 7/6/25 at 5:57 am to Hester5452007
I have written about this a few times but my idea was to replace social security with a $10,000 account set up by the government
When you work you pay back to the government thr 10k and it grows but does not best until 60 so everyone who dies thr money returns to the government
In one generation no more SS and no more welfare
When you work you pay back to the government thr 10k and it grows but does not best until 60 so everyone who dies thr money returns to the government
In one generation no more SS and no more welfare
Posted on 7/6/25 at 6:21 am to 3down10
quote:
That's because the inflation numbers you get are complete bullshite and have been for decades at this point.
Man, I don't know nothing about all this you describe. I'm just a dumb country boy trying to put beans on the table and gas in the truck. However, I find it interesting that the value of $1.00 in 1977 is equal to $32.47 in todays value. What's it all about?
Posted on 7/6/25 at 7:56 am to NashvilleTider
That’s not rich now and certainly won’t be by then ??
Posted on 7/6/25 at 8:15 am to CougarBait
70 years from now that $1,000.00 investment will be worth about $125,700 in todays dollars. This is based on last 65 years average of S&P 500 ROI (10%/yr.} and inflation (3.1%/yr).
adding investment calculator so anyone can game desired results.
https://www.calculatorsoup.com/calculators/financial/investment-inflation-calculator.php
adding investment calculator so anyone can game desired results.
https://www.calculatorsoup.com/calculators/financial/investment-inflation-calculator.php
This post was edited on 7/6/25 at 8:19 am
Posted on 7/6/25 at 8:36 am to NashvilleTider
quote:
Not accounting for inflation, if they left this and never touched it when they’re 70 they would have 1,085,520 in that account according to Grok.
The government cannot create wealth. They can create money, though. Any gift of money will be at least equaled by a burden elsewhere.
Posted on 7/6/25 at 8:43 am to bogart
quote:
Most will take it out and spend it as soon as they can.
it would need to be locked to a certain age, or a certain need (such as terminal illness, etc).
Posted on 7/6/25 at 10:19 am to oldskule
I been studying on this...I propose the investment be locked up and can only be withdrawn by the individual it applies to only after reaching the age of 65, no exceptions. If the person dies before 65 then the account rolls over to their children equallly in their name. This will be in addition to the childs own $1,000 account at birth. The children can't withdraw until 65 from either account. If no heirs, the account goes to the general fund. This will insure that initial investment is used as intended by the newborn at their retirement. It's not their money until 65.
Posted on 7/6/25 at 10:19 am to Victor R Franko
quote:
Man, I don't know nothing about all this you describe. I'm just a dumb country boy trying to put beans on the table and gas in the truck. However, I find it interesting that the value of $1.00 in 1977 is equal to $32.47 in todays value. What's it all about?
If people had any idea how money in our country works they would revolt tomorrow and hang the central bankers.
And the worst part about all that lost value? Even though the value came from the existing currency - it was issued as debt owed back with interest(which is never created and thus impossible to pay back the entire loan back) by the same people who the value was taken from in the first place.
This post was edited on 7/6/25 at 10:21 am
Posted on 7/6/25 at 10:34 am to NashvilleTider
They should have mandated that this sum be used for health savings accounts.
It would only be used for healthcare and would be transferable to other family members and only into their health savings accounts.
When those kids get old enough to work and will have to choose a health plan, they will then more likely choose health savings plans.
This would have been the best long term deficit reduction strategy to begin eroding the necessity for Medicaid.
It would only be used for healthcare and would be transferable to other family members and only into their health savings accounts.
When those kids get old enough to work and will have to choose a health plan, they will then more likely choose health savings plans.
This would have been the best long term deficit reduction strategy to begin eroding the necessity for Medicaid.
Posted on 7/6/25 at 10:35 am to NashvilleTider
Smart people are already doing this for their children without daddy government needing to help. $1000 at the birth of my kid and $200 a month for the last almost 7 years since his birth.
Posted on 7/6/25 at 10:38 am to oklahogjr
quote:
We love socialism in America as long as it's branded properly.
And if it goes to who we think deserves it. The right are hypocritical clowns. Their barometer for earn deserveness is immoral and flawed at its core. That’s why there is so much internal struggle in this country. Cause good people will always push back on it.
Posted on 7/6/25 at 10:40 am to NashvilleTider
problem is...if everyone is rich...nobody is
Posted on 7/6/25 at 10:47 am to NashvilleTider
Wondering what the life expectancy and retirement age will be in 70 years. Or the human population.
This is a strategic move to encourage today’s youth to buy into the Private Sector as opposed to the Government/Socialist model. I don’t think anyone can predict what the culture, government or economy will be 20 years from now given the volatile dynamics thereof.
This is a strategic move to encourage today’s youth to buy into the Private Sector as opposed to the Government/Socialist model. I don’t think anyone can predict what the culture, government or economy will be 20 years from now given the volatile dynamics thereof.
Posted on 7/6/25 at 12:18 pm to Volvagia
The S&P has averaged 10.30% per year over the last almost 100 years, assuming you reinvest dividends.
In the last 70 years its been 10.66%
Over the last 25 years its been 7.71%
Those numbers over 70 years get you
$955,621.41
$1,200,457.01
$181,101.40
Those are vastly different numbers, and I fully agree that vs inflation is the key number.
Short answer, its nice, but I don't expect it to be that game changer.
In the last 70 years its been 10.66%
Over the last 25 years its been 7.71%
Those numbers over 70 years get you
$955,621.41
$1,200,457.01
$181,101.40
Those are vastly different numbers, and I fully agree that vs inflation is the key number.
Short answer, its nice, but I don't expect it to be that game changer.
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