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A comment on The 9.9 Percent Is the New American Aristocracy. Parent comment

Re:The 9.9 Percent Is the New American Aristocracy by k__ on Monday May 28, 2018 @03:27PM (#17174293)
Isn't this a strawman?

Clearly someone who makes $1M could live of their investments.

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Re:The 9.9 Percent Is the New American Aristocracy by refurb on Monday May 28, 2018 @03:46PM (#17174411)
They could once they acquire enough assets.

By your definition, everyone who retires and lives off their investments is rich as well.

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Re:The 9.9 Percent Is the New American Aristocracy by Jill_the_Pill on Monday May 28, 2018 @08:05PM (#17175515)
I would say so. 23% of married retired couples and 43% of single retirees subsist on their social security; 50% or so have pensions, and some rely on their children. It's the wealthiest minority who have sufficient investments to live off of.
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Re:The 9.9 Percent Is the New American Aristocracy by closeparen on Monday May 28, 2018 @10:15PM (#17175985)
> 50% or so have pensions

A pension should be considered equivalent to the assets that would produce the same returns.

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Re:The 9.9 Percent Is the New American Aristocracy by anonymouskimmer on Thursday May 31, 2018 @09:38AM (#17196174)
Except you can't borrow against it, or liquidate it in case of an emergency/opportunity. And it means nothing to your heirs.

Accountants have ways of accounting for pension/annuity returns. Their accounting tricks should be used in these cases.

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