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Joined 27 days ago
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Cake day: January 26th, 2025

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  • I have an ABLE account, for people on SSI. It is untaxed, though there is a small fee for just the money to be managed. It is handy, since there is a $2,000 limit on the wealth beneficiaries can have - the ABLE account allows for up to $100,000 to be in there before most benefits are lost. It also invests the money into a stock/bonds/FDIC portfolio of your choosing. If you have enough wealth, you can just deposit money in there until you reach $500,000ish cap for what you can add.

    It is really helpful for the poor, since we don’t have many methods for storing wealth that doesn’t involve a mattress. Also, ABLE accounts should be state owned - theoretically insulating them from Musk’s grubby paws. Unfortunately, my state’s ABLE program doesn’t permit Euros, so I suspect no ABLE to be safe from hyperinflation.


  • I think economy, in the sense of money as a concept, is an illusion. We all just agree that money is worth something. When our belief in the American Dollar fails, so would follow any stocks tied up in businesses that rely upon it. Those trillions and tax cuts that Musk has? Worthless.

    shrug

    That is my hypothesis, anyways. My guess is that we are into a Weimer Germany sort of scenario. I have been converting my money into Euros, with the assumption that America as we knew it is going to die horribly within years. Hopefully, my efforts are pragmatic, not paranoid. 😕



  • SabinStargem@lemmings.worldtoNo Stupid Questions@lemmy.worldSo, is the USA screwed?
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    2 days ago

    Having term limits on politicians (including judges) would be key. At some point, an old person simply can’t relate to the world that younger people grew up in. More importantly, they either become angry codgers (Republicans) or domesticated sheep (Geronocrats), which is innately an imbalance in political influence. An assertive person, in most situations, gets a bigger piece of the pie, be it political, fiscal, sexual, or some other thing.


  • I think if there is a new Constitution, it would need to incorporate economic rights. People can’t abandon work to strike or protest, which negates the voice of the poor and working man alike. The wealthy can afford to voice their politics, which is likely the biggest reason why Yarvin’s Cabal succeeded. Ordinary people simply can’t dedicate the time to research nor influence politics.



  • SabinStargem@lemmings.worldtoNo Stupid Questions@lemmy.worldSo, is the USA screwed?
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    2 days ago

    I would say so. The only question is whether the good guys win a civil war. My money is on ‘yes’, since Yarvin’s Cabal is hellbent on exiling all of the competent people from their society, along with being jackasses who have alienated many peoples. It will be a bloody struggle, but I think that Dogey America will ultimately receive the Old Yeller treatment. I only hope that every member of Yarvin’s Cabal are executed - Elon, Thiel, ect.

    Let’s not make the mistakes of the 1st Civil War, 1st Business Plot, and 2nd World War, where many high ranking members were permitted to escape justice.