How are you keeping up with inflation?

@Hanginginthere These were the old style Public servant pensions. Indexed pension for life and with a spouse benefit if I go first. Probably only available to Politicians these days. Mine started 0ver 30 years ago..😷

@whowasthatmaskedman all i have going for me is a 401k with $10k and a tiny bit in an investing account

@Hanginginthere OK. Now you are in my territory. (Economics) You have time on your side, so here is the safe and sure strategy. ETFs with a solid, low cost fund,(Look at Vanguard if they are in your local market and compare) split into three. Shares, property and cash. (How much of each depends on the risk that lets you never worry about it.) and opt for dividend reinvestment on each fund. Now take 10% of your income and direct it into those three funds and forget it for ten years..Then check and see how you are going and possibly rebalance the amount, depending on the risk you are comfortable with then. This strategy will work for 90% of wage earners and give them a comfortable retirement with minimal tweaking for local conditions..😷

@MarineBob cant be that simple

@whowasthatmaskedman

Have you ever estimated how much, say, $100 you earn is taxed as it gets circulated? First you have to pay income tax. If you buy something with the remainder, there is sales tax. Part of what the price you pay is the merchant's profit, which is taxed again. Then he has to pay the help's salaries, which are taxed again, and the rent, the landlord's profit of which is taxed again, and the wholesaler's profit on the amount that the merchant paid for the item you bought, and the manufacturer's profit, and the raw materials provider's profit, and the salaries of all those involved, are taxed again. I think in some countries, it amounts to about 60%, if we also include property taxes.

That’s a lot of taxation. @Thinkerbell

@Thinkerbell OK. We dont have property taxes on the primary residence. since our sales tax is national (and distributed to the states under a formula not related to population) we
could say the more populated states subsidize the less populated. So we share that. Our tax comes out just a smidge less than yours, but there are two stand out differences. First, we have a total population of 25 million taking up a land mass similar to the main section of the US, with all the infrastructure that entails in roads, utilities, communications and services like law enforcement.. But what we dont have is a defence budget larger than that of the next 9 highest spending nations..We simply dont project our might globally (unless the US asks us to help make the whole thing look legit by being international..) So we can spend money on health care, and subsidizing Tertiery education for our citizens.😷

@G0ddess thats that good money

@matthewjames only makes me fatter

@hunkalove painful no?

@Hanginginthere It's only been two hours but so far so good!

@hunkalove not bad

@Fungirlvape yeah yeah rub it in!

@Fungirlvape You are truly blessed. 🙏

@Thevy29 you and me both

@Aliveshock well go with that sure