Merlu@lemmy.ml to Uplifting News@lemmy.worldEnglish · 7 days agoAfter donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shopperssinhalaguide.comexternal-linkmessage-square162linkfedilinkarrow-up11.21Karrow-down167file-text
arrow-up11.14Karrow-down1external-linkAfter donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shopperssinhalaguide.comMerlu@lemmy.ml to Uplifting News@lemmy.worldEnglish · 7 days agomessage-square162linkfedilinkfile-text
minus-squareRufus Q. Bodine III@lemmy.worldlinkfedilinkEnglisharrow-up1·6 days agoThat’s just break even purchasing power. In USA, invest $1000 at 4% earns $40. Federal and State taxes will take $10. The remainder will be dissolved by 3% inflation. And when you go to spend it, sales tax pushes your ‘yield’ into the negative. 4% isnt the easy street it appears to be.
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·6 days agoYes, that’s why it’s the worst case scenario in this discussion.
That’s just break even purchasing power. In USA, invest $1000 at 4% earns $40. Federal and State taxes will take $10. The remainder will be dissolved by 3% inflation. And when you go to spend it, sales tax pushes your ‘yield’ into the negative.
4% isnt the easy street it appears to be.
Yes, that’s why it’s the worst case scenario in this discussion.