this post was submitted on 02 Jul 2025
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[–] [email protected] 13 points 2 days ago (3 children)

Anyone with either millions or billions is the problem because no single person needs either.

[–] [email protected] 35 points 2 days ago (5 children)

Uh... You do need millions to retire.

[–] [email protected] 9 points 2 days ago

😮‍💨 doing the math to figure this out is depressing.

[–] [email protected] 6 points 2 days ago

In the current situation yes. The point is we need to fix it so one doesn't need excessive capital to simply retire, and the rich begging to be taxed more can do a lot on their own to help without the Government.

[–] [email protected] 3 points 2 days ago (2 children)

I feel like a lot of people retire with much much less than "millions". Might not be a super comfortable retirement but, def doable.

[–] [email protected] 17 points 2 days ago

My mom 'retired' with 'much much less than "millions"'. She stopped working at 75.

She lives in a small $2/sqft/mo rental with dodgy power, asbestos in the walls, windows stuck shut, people staggering past the fuse box all night, miner bees in the walls, and shit Internet. It's a coastal town with no access by roads - just ferries - and minimal services. It's a half-day to get there, really, or an hour's flight.

you may need to experience your version of 'doable' before you commit to it.

[–] [email protected] 6 points 2 days ago

Being a homeowner gets you there in a lot of places, it doesn’t matter because you still need a home so you can’t live off it

[–] [email protected] 2 points 2 days ago (2 children)

Not if you publicly fund health care.

[–] [email protected] 9 points 2 days ago (2 children)

Need millions to retire even in Canada.

[–] [email protected] 4 points 1 day ago

We have healthcare figured out for the most part. The issue here is housing.

[–] [email protected] 4 points 2 days ago

I mean that too, but also cost of living, rent if you don't own a home, etc add up over the two or so decades you'd expect to live after retirement. And if you do own a home, congrats you're a millionaire.

[–] [email protected] 1 points 1 day ago

Almost like the col should be reigned in.

[–] [email protected] 12 points 2 days ago* (last edited 2 days ago) (1 children)

I know plenty of millionaires ... people who own property, vehicles and wealth that all amount to one or two million ... and they are still just getting by. They aren't that terribly wealthy - they don't live with any more luxury than most people, they just have more things.

Billionaires on the other hand are something else ... it's like comparing someone with a weight problem and calling millionaires slightly pudgy and billionaires are grossly overweight behemoths that can affect the structure of your house.

Here's a visual comparison using grains of rice of what a millionaire and billionaire and the wealth of someone like Jeff Bezos is

Using Rice to Show How Rich Jeff Bezos Is | NowThis

[–] [email protected] 4 points 2 days ago (1 children)

I understand the extreme difference between millions and billions. My point is neither a millionaire nor a billionaire needs it.

[–] [email protected] 7 points 2 days ago* (last edited 2 days ago) (1 children)

Sure, but we don’t “need” anything above our basic survival cost, let’s go live on the Savannah and hunt our food again.

For me the problem are those who hoard wealth, who don’t earn a salary but sit and live off their massive pile of accumulated wealth. We need a wealth tax now.

[–] [email protected] 1 points 1 day ago

Sure, but we don’t “need” anything above our basic survival cost, let’s go live on the Savannah and hunt our food again.

Straw man detected.

[–] [email protected] 10 points 2 days ago* (last edited 2 days ago)

You need to be a millionaire these days if you want to actually retire. If it only took a million, would have retired a while ago.