Remember that soap opera? Well, the world is turning for sure. There are only two issues in this post: The liberties of a plutocracy and the cash model of a dictatorship. First, liberties of a plutocracy:
Ever heard of ‘The Villages in Florida – Active Living Retirement at its best’?
This is a cheaper home listed at $314,900. Occupants must be fifty-five or older and have a nest egg of about $1½ million and the elitist behavior to go along with it. Mariner knows, he has relatives in The Villages.
But the world has turned. The President has threatened the comfort of the white collar class to the point that the only safe place to retire is outside the United States. The list shows the most popular nations picked by the white collar folks:
Now on to the Dictator President and his influence on the financial well being of the American citizen.
The Week
12 US billionaires gained almost $1 trillion in wealth in 2024 as the stock market delivered another year of massive returns.
Millionaire investors have boosted cash to 19% of their total assets, up from 12% prior to pandemic.
Top 10 wealthiest American men collectively earned extra $1B a day, report says, as Trump pushes tax cuts.
Despite market turmoil caused by Donald Trump’s tariffs, the group saw an increase in their collective wealth of $365 billion over the last 12 months.
On March 18, 2020, Tesla CEO Elon Musk had wealth valued just under $25 billion. By May 2022, his wealth had surged to $255 billion. As of March 18, 2024, Musk is at $188.5 billion, more than a seven-fold increase in four years.
Over four years, Amazon founder Jeff Bezos has seen his wealth increase from $113 billion to 192.8 billion, even after paying out tens of billions in a divorce settlement and donating tens of billions to charity.
Throw in the effects of AI on the workplace and the future for the average American may not be a predictable one.
Ancient Mariner