That’s a high high bar. (No ego). If everyone used that, humans would have become extinct loooooong ago.

Just sayin.

Pick up a copy of “The Untethered Soul” by Michael Singer. Transformational. For me and countless others 💓🙏🏻

Very approachable

I get it. You’re 20-something. You like your life. It’s safe. I was there once too.

Now I’ve raised 3 boys to adulthood. It’s the hardest, most joyful, most frustrating, most wonderful experience you can possibly have as a human. There is NO way to learn unconditional love that even compares, IMO. Your children become your GREATEST teacher.

Remember me when you are staring into the eyes of your first newborn Ben. Staring into infinite love and joy. 🥰

(Side note. One of my best friends and business partners just had his first at 47! Held the “I don’t need kids” line for 20 years! Now he can’t believe he was going to miss the most “foundationally transformative” thing in his entire life! (His words).

Thx for letting an eternally grateful 55 yr old parent rant…. 👴😉

Be well 🙏🏻

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

You’ll understand it one day. 💯

Make babies, without babies everything you are doing is kind of pointless.

imagine how good the world would be if people used desktop apps

Most truths are self evident, but most people are inadequate comminicators of truth. Best to just align yourself with nature and laugh at the absurdity that humans generate along the way.

Yeah nah this shortcut doesn't work. You still have to think for yourself and evaluate statements for their individual merit. Sucks if you're not up to it.

Amazon and SpaceX? Now it's a year later and nothing along the lines has happened. Move on nothing to see here.

🎯

at some point we might switch to only bitcoin memberships