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$5M to $10M asset lifestyle in the US is probably going to be nicer than the richer European country government welfare lifestyle. Again, it just depends what
by lotsofpulp 3y ago
$5M to $10M asset lifestyle in the US is probably going to be nicer than the richer European country government welfare lifestyle. Again, it just depends what you want to bet on, but the odds are not terrible for a certain set of people, and the losing side of the bet is still earning a decent income.
- stavros 3y ago> $5M to $10M asset lifestyle in the US is probably going to be nicer than the richer European country government welfare lifestyle. Right, but it's also 0.1% vs 100%.
- lotsofpulp 3y agoIt is also a bet with less than 100% probability that the quality of life European governments are currently offering welfare recipients will be maintained decades in the future. As far as I understand, the quality of life from the benefits has already been dropping, and with the demographic trends the way they are, the younger cohorts might not be so lucky.