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Reality check for high tc, high expense lifestyle

Google UmtN02

Jan 29, 2020 26 Comments

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Until you reach the wealth level where you are buying politicians, you are one medical incident away from bankruptcy.

You can spend and live an extravagent lifestyle while the money is good, but when SHTF, you'll look like one of those broke NBA players who wasted their fortune.

10 26

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TOP 26 Comments

Airbnb Blahblahxa

If only we were all universally covered for medical incidents.

Jan 29, 2020 12 3
- Google m_p_c
  
  If you shout "how will we pay for it" about paying X for healthcare, but not about paying 10X for a forever war, you aren't actually being fiscal conservative.
  
  Jan 29, 2020 7
- Airbnb Blahblahxa
  
  Your tax dollars already pay for the uninsured. When someone walks into an emergency room the hospital has to treat them. Imagine if you made it so they don’t have to wait until it’s an emergency. Imagine how much cheaper that would be.
  
  Jan 29, 2020 2
Cisco 39fkf

What are you talking about? Health insurance for the win

Jan 29, 2020 5 13
- Airbnb Blahblahxa
  
  401k and primary residence are protected against bankruptcy and I think liability too. I would’ve thought a revocable trust is not protected from either. Never heard of anyone aside from the super-rich moving personal assets to a corporation outside of movies. That really a thing?
  
  Jan 29, 2020 0
- Airbnb Blahblahxa
  
  This is quite timely on health care: https://www.npr.org/sections/health-shots/2020/01/29/800870904/a-41-212-surgery-bill-compounded-a-patients-appendicitis-pain
  
  Jan 30, 2020 0
New
EOhh33
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EOhh33

Also there is the capital class and there is the wage class. When the proletariat expresses frustration at the capital class, the capital class taxes the high TC wage class and masquerades that as taxing the rich.

Jan 29, 2020 5 0
Xilinx moving-on

You don't want to die with too much money in the bank as much as you don't wanna be bankrupt.

Tough choices.

Jan 29, 2020 1 0
Facebook / Eng h2tr2tt

I also know ppl who saved millions only to die of cancer within 6 months, so it works both ways (although ur case must be more common lol)

Jan 29, 2020 1 0

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Reality check for high tc, high expense lifestyle

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