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Joined 1 year ago
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Cake day: August 14th, 2023

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  • You can donate blood in 20 minutes. It takes an hour plus to donate plasma

    Am I going to sit in a chair for an hour plus without any compensation? Maybe once or twice here and there. But you can donate plasma at least twice a week.

    It requires two donations for a single unit. If you donate once and don’t donate the second, then your first donation is unusable. You have to get them to donate twice.

    When I was donating plasma, it paid about $75 for each donation. 50 first, 100 for second. The money is pretty good. $300 a month is a lot for a lot of people.

    If you didn’t compensate people for plasma donations, a lot wouldn’t do it. They currently need more people to donate.

    Plasma “donation” is a good thing.



  • We administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare.

    Social Security provides retirement income for almost every American worker.

    Ssa.gov

    An investment fund is a supply of capital belonging to numerous investors, used to collectively purchase securities, while each investor retains ownership and control of their own shares.

    Investopedia.com

    The only thing not making it an investment fund is that the government forcefully takes the money and you don’t own the money after it is taken.

    The average person gets the majority of their retirement income from SS.

    Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.

    Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed.

    Ssa.gov


  • The average person makes 65k

    Social security is 12.4%

    Medicare is 2.9%

    Social Security is 8.19k

    Medicare is 1.885k

    Average person pays 10k a year to SS and Medicare.

    Retirement age is 67

    Start work at 18, 49 years of work.

    S&P500 has returned an average of 10.64% apr for the last 100 years. 16.5% last 5 years.

    30-year morgage is ~7.5%

    Let’s just assume the person could put extra money towards their mortgage, gaining 7.5% apr.

    10k/12= 833.33 per month

    833.33 a month at 7.5% apr for 30 years is 1.02M

    833.33 a month at 10% apr for 49 years is 10.41M

    Government takes 1-10M from the average American retirement account to give them SS and Medicare.

    Let’s say you live until 80. Average life expectancy is ~77.5. Means you have 13 years in retirement.

    Average SS payment is 1,864.52 a month. 22,374.24 a year.

    13 years of 22,374.24 is 290,865.12.

    Average person is losing 750k-9.75M for retirement.

    Medicare is a whole other beast but unless you’re going to pay 750k+ on medical expenses in retirement, it’s not going to benefit you.

    Even with Medicare you have to pay premiums, deductibles, copayments, and coinsurance. So it’s not like it’s all covered for “free”.

    SS is a government ran ponzi scheme. Anyone else doing it would be a crooked investor.

    I get that minimum wage is $7.25 and that’s 15k a year. They are paying 2k a year for SS. They will most likely benefit from the system.

    But the average American shouldn’t be footing so much of the bill and not seeing any benefits.

    It’s crazy






  • Why would someone buy a house so someone else could slowly buy it from them? They would essentially be acting like a bank.

    Who keeps up with the house maintenance?

    Landlords are unneeded middlemen. A good system doesn’t use them.

    Your idea is “rent to own”.

    You can rent to own a Playstation that’s 300 dollars for a small monthly price but at the end of the loan you’re going to pay 600 dollars total for the Playstation.

    Why am I going to go to Best Buy, buy a Playstation for 300, then let Jimmy down the street play with it while he slowly pays me back my 300?

    Why am going to buy a house for 100,000 and let Jimmy rent to own it?

    600 a month for 15 years. He’d pay for it.

    If I put 100k in the S&P500 for 15 years, I’d have 415k.

    Would I rather:

    A. Help Jimmy get a house

    B. Make ~300k for just sitting





  • If the 300m people lived in the same area and you got a true random sample.

    Sunsets at 9:09 today in Michigan

    Sunsets at 8:04 today in California

    Sunsets at 8:34 today in North Carolina

    Sunsets at 7:57 today in Alabama

    Sunsets at 7:38 today in Arizona (They are on standard time)

    Sunsets at 7:13 today in Hawaii

    Sunsets at 11:36 today in Alaska

    Someone in Arizona might want the sun to set at 7:38. It’s blazing hot all day.

    Someone in Michigan might be fine with sunsetting at 8:08 with standard time.

    Someone in Alabama might not want the sun to set at 6:57.

    Someone in Hawaii probably doesn’t want the sun to set at 6:13.

    Even if you split up the 1000 people to equally represent all states, that’s only 20 people per state.