- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: This next generation of American kids are going to be rich
Posted on 7/5/25 at 1:30 pm to NashvilleTider
Posted on 7/5/25 at 1:30 pm to NashvilleTider
(no message)
This post was edited on 7/19/25 at 11:30 am
1
Posted on 7/5/25 at 1:33 pm to rob0710
quote:
Wouldn't this just cause more inflation if everyone is a millionaire?
By the time inflation is over this will either be worth about the same amount in purchasing power, or worse.
And yes, as this contributes to government spending, it also in itself contributes to inflation.
I give you $20 40 years ago, and you could fill up your car and buy groceries for the week(one person) with it. I give you $20 today, you can maybe get half a tank of gas. So that $1000 may turn into $10000 in time, but the purchasing power won't increase.
Posted on 7/5/25 at 1:34 pm to lsuconnman
quote:
Personally, I think this is great.
But, the data will definitively prove to be opposite the stated purpose. If you come from a poor family, that account will be liquidated on the child’s 18th birthday for an iPhone 34. If you come from a wealthy family, it will probably just get rolled into a trust for the child’s child.
Maybe this will help push those poor to learn about our money system and how to grow it vice spending it. It might educate some who have no idea what the S&P 500 is. It will do more good than harm. They might even try to learn how to make it worth a lot for their kid once grown up.
Posted on 7/5/25 at 1:36 pm to NashvilleTider
Funny how boomers can be so old, yet be so bad at math.
Your calculations doesn't factor in inflation and dollar devaluation. 1,000 today is 83 dollars 70 years ago. Based on that, the kids would have 100k today, a pittance to retire on.
1,00,000 70 years from now is likely worthless.
Your calculations doesn't factor in inflation and dollar devaluation. 1,000 today is 83 dollars 70 years ago. Based on that, the kids would have 100k today, a pittance to retire on.
1,00,000 70 years from now is likely worthless.
Posted on 7/5/25 at 1:39 pm to NashvilleTider
The account has to be dispersed by 30 years old if I recall correctly.
Eta: this may have changed.
Eta: this may have changed.
This post was edited on 7/5/25 at 1:43 pm
Posted on 7/5/25 at 1:42 pm to AaronDeTiger
quote:
The account has to be dispersed by 30 years old if I recall correctly.
The IRS will be coming for that capital gains tax
Posted on 7/5/25 at 1:46 pm to OU Guy
(no message)
This post was edited on 7/19/25 at 11:29 am
Posted on 7/5/25 at 1:47 pm to 3down10
quote:
By the time inflation is over this will either be worth about the same amount in purchasing power, or worse.
And yes, as this contributes to government spending, it also in itself contributes to inflation.
I give you $20 40 years ago, and you could fill up your car and buy groceries for the week(one person) with it. I give you $20 today, you can maybe get half a tank of gas. So that $1000 may turn into $10000 in time, but the purchasing power won't increase.
So you admit Bidenomics created so much inflation over his term and that was bad.
But I present the S&P growth over the last 5 years and it outgrew Bidenflation. It was up 97.5% in those 5 years, far outpacing Bidenflation.
Lets look at the past 18 years of S&P:
In July 2007 S&P was 1,518.09.
In Feb 2009 it was 764.90
In Jul 2025 it was 6,279.35
Do you think it outpaced inflation or nah? Our target inflation is 2% per year. But Bidenflation increased that by leaps and bounds.
And to be fair a bunch of RINO’s helped too by voting to pass the bills Biden presented that caused so much inflation.
Posted on 7/5/25 at 1:47 pm to NashvilleTider
I understand you’re making a point, but for more context:
Research suggests that, with a 3% annual inflation rate over 70 years, the real value in today’s dollars would be around $105,000.
So anyone who didn’t touch it wouldn’t be able to exactly escape generational poverty.
But a good reminder of the benefit of compounding interest.
Research suggests that, with a 3% annual inflation rate over 70 years, the real value in today’s dollars would be around $105,000.
So anyone who didn’t touch it wouldn’t be able to exactly escape generational poverty.
But a good reminder of the benefit of compounding interest.
Posted on 7/5/25 at 1:51 pm to RFK
quote:
I understand you’re making a point, but for more context:
Research suggests that, with a 3% annual inflation rate over 70 years, the real value in today’s dollars would be around $105,000.
So anyone who didn’t touch it wouldn’t be able to exactly escape generational poverty.
But a good reminder of the benefit of compounding interest.
Even using your example. They currently have $0. So they can go from $0 to $105,000 right. Thats a damn good ROI - since their investment cost them $0.
Posted on 7/5/25 at 1:55 pm to OU Guy
quote:
So you admit Bidenomics created so much inflation over his term and that was bad.
Trump created half of it, so not sure why you are pretending it's a 1 party issue. It's the uniparty status quo. It's funny how many people want to forget the Trump that pushed for vaccines, covid packages and so on.
quote:
But I present the S&P growth over the last 5 years and it outgrew Bidenflation. It was up 97.5% in those 5 years, far outpacing Bidenflation.
Lets look at the past 18 years of S&P:
In July 2007 S&P was 1,518.09.
In Feb 2009 it was 764.90
In Jul 2025 it was 6,279.35
Do you think it outpaced inflation or nah? Our target inflation is 2% per year. But Bidenflation increased that by leaps and bounds.
And to be fair a bunch of RINO’s helped too by voting to pass the bills Biden presented that caused so much inflation.
That's because the inflation numbers you get are complete bullshite and have been for decades at this point. They removed all the true indicators of inflation.
For example, you might think current inflation is around 2%, however it's probably closer to 7-8%. And when they were reporting the higher numbers, it was even worse. They changed the formula years ago so they could pretend the inflation isn't as bad as it really is, claiming they were "too volatile", aka prone to tell the truth.
Otherwise, you're making an argument for Bidenomics. Of course, we'd also be assuming inflation shows up instantly to make that claim, which is completely false as inflation is delayed.
And honestly, I'm not sure how Bidenomics is different than Trumpomics in this regard. I think the bigger difference isn't in spending, because Trump just blew the spending out of the water. I think with Trump it's more about being energy independent where as Biden tried to frick us. Those kinds of things. As far as inflation and spending, Trump is no different than Biden, they all fricking suck.
Posted on 7/5/25 at 2:01 pm to 3down10
quote:
By the time inflation is over this will either be worth about the same amount in purchasing power, or worse
Did you read the OP? It clearly stated $1000 in an S&P account. That account will be worth 2-3x today’s dollars accounting for inflation.
Posted on 7/5/25 at 2:03 pm to NashvilleTider
Another scam. These criminals invent ways to waste our money.
Posted on 7/5/25 at 2:12 pm to NashvilleTider
And what percent will actually let it sit there and compound until they are 65 or 70?
My guess is less than 10%.
People, in general, have no impulse control and do not understand or care about managing their long term futures.
My guess is less than 10%.
People, in general, have no impulse control and do not understand or care about managing their long term futures.
Posted on 7/5/25 at 2:16 pm to RFK
quote:
Research suggests that, with a 3% annual inflation rate over 70 years, the real value in today’s dollars would be around $105,000.
Yea AIs tend to fail at math.
Grok is a very un-serious LLM.
Posted on 7/5/25 at 2:27 pm to NashvilleTider
Every baby that gets this shouldn’t have to ever pay social security tax. Phase out SS over time this way
Posted on 7/5/25 at 2:32 pm to OU Guy
quote:
Quite a legacy.
Yeah, a shitty one that implemented a socialist program floated by Cory freaking Booker.
Posted on 7/5/25 at 2:34 pm to NashvilleTider
Kind of a good idea, except most of the money will go to them Yogi and they will blow it.
Posted on 7/5/25 at 2:40 pm to Vandergriff
quote:
And what percent will actually let it sit there and compound until they are 65 or 70?
My guess is less than 10%.
Well then in 18 years and forward we’ll have a massive tax revenue increase as they withdraw and pay a huge early withdrawal penalty. We’re paying it forward.
Posted on 7/5/25 at 3:05 pm to NashvilleTider
It is going to end social security too…in due time!
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News