It seems absolutely impossible to catch up to folks who have had a head start on this bull market. Most people I know at 40+ already have multi millions and it’s just going to keep compounding while people making low 100ks struggle to save.

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Someone needs to cancel Elon. Dude is the biggest fraud.

likeupliftingsmartfunny

Nothing quaint about it. We financed this operation from its early stages, enabling it to continue on despite years of losses. Tesla doesnt exist today without our support no matter how badly you and Musk wish it werent so

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This is dumb and really just wrong. The US has had a very low average inflation for most of its history. And you need a small amount of inflation especially with a growing population and a growing economy. The only problem is for people like Elon who are well know for being antiworker and thus keeping wages low.

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I agree with all you said above, but the problem is when inflation goes up so much so quickly. It’s the middle and low income groups that are hit the worst

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Between 1950 and today, average inflation of the US dollar works out to ~3.5% per annum. People need to get a grip, this isn’t Zimbabwe and inflation of the US dollar by itself is not a useful measure.

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Tax the rich.

likeupliftingfunny

Again?

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Between Elon and Trump, I’m really reconsidering Wharton being the “highest quality business education”

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I used to really like Elon but lately idk

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People think it’s such big brain time when they parrot “inflation is bad.” Runaway inflation is bad but inflation is not bad.

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So cute to see all economists in this thread

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Or as Ray Dalio would say: cash is trash 😄

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Responding to you and "catching up":

Shouldn't be trying to catch up, you should be trying to invest for your own future. "Comparison is the thief of joy" is a good phrase here. Your future is yours only.

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