#id be able to get some mobility devices and braces ive been badly needing

[caffeineandsociety]

Honestly, as much as many people point out how much large quantities of money spent by the ultra-wealthy on frivolous things could change their lives as a reason that the level of wealth inequality we're at is absolutely unconscionable, and they're ABSOLUTELY correct that it's a great illustration of the problem...

I think an underrated and equally important illustration is how much those quantities CAN'T do.

Let's think about a million dollars. That's a quantity that says "HOT DAMN, you REALLY made it!" to most people. That's a lot. It's more money than most people will handle at once in a lifetime.

And it can BARELY buy most single-family homes in California. It can't buy many that don't even qualify as McMansions, just...nice houses. It's even worse in NYC, where you can find apartments the size of a postage stamp that it can't buy.

And if you want to RETIRE with "just" a million dollars? You'd better hope you die soon.

Suppose you retire at age 55 with a million dollars. Congratulations! If you live to age 75, that's 50k a year. 85, it's $33k a year. 95? You've got $25k a year...and it's likely that you're ending up with medical bills that take an entire year's worth of money in one go. Ending up in assisted living? Well, the median cost of assisted living in the US is...$54k a year. Congratulations, ALL your money goes to rent now! Every cent! Better hope you die within 15 years!

You COULD avert this by putting the money in a high-yield account and only skimming off the interest, yes - the average retirement account, with an interest rate of 5-8%, would give you $52-83k a year...but even then, you have to have a million dollars in the first place and not withdraw from your initial principal, which, good luck doing THAT with the complications that tend to arise in old age and health insurance deductibles and coverage limits and loopholes to make you pay out of pocket. $83k a year may sound like a lot, and it certainly is to most of us, and even so, life has a way of eating through it fast, especially if you're retirement age.

In addition, there's a concept that I call "item debt" - it's about those things that, sure, you can SURVIVE indefinitely without them, but you will live a longer and healthier life if you have them. This can be anything from a stove that can actually maintain a constant temperature, to a computer that lets you do your job without freezing and crashing every few minutes, to assistive devices. Item debt can be the need for transportation in the US's car-centric society - you can't even afford a shitty old beater, so you have to take the bus 3 hours each way; the first thing you'll do if and when you get the money is buy a car and...then what? Your bills are no less impactful; if anything, they're worse because now you have to pay maintenance on the car. It can take the form of, "well, I really SHOULD be using a wheelchair, but I can't afford that and I can walk ENOUGH that my insurance won't even partially cover it, so guess I'll rely on this $10 cane until it inevitably gets worse." It can take the form of saying "I'd aggravate my various orthopedic problems a lot less if I had more power kitchen appliances, but those are expensive, so I guess I'll make do without" until you can't lift a bowl anymore without hitting 8 on the pain scale. It can be the empty first apartment, bare mattress on the floor, that's a wonderful improvement over wherever you came from but if you don't get a bedframe you're either going to wear out that mattress really fast and have to spend a ton of money replacing it, or have to strain to pick it up and let the underside air out every day, which may not seem like a lot now but will destroy your back over the years if the cheap mattress itself doesn't do it first.

Thing is, most people who are not MULTImillionaires have some form of item debt - and if you have multiple disabled family members or a sufficiently expensive illness in the family (e.g., need for a lung transplant, which can cost upwards of $1mil WITHOUT complications, or cancer that requires a particularly expensive type of chemo), sometimes it'll take something like $10mil to get out of it.

Again, we're talking about WAY more money than most people will see IN THEIR LIVES. We're talking about quantities of money that MOST people are expected to live our entire lives without. We would all live longer, healthier, happier lives if we could all have basic food and water, sufficient living space, and health care including home medical devices as needed, guaranteed. There is no scarcity reason why we SHOULDN'T have these things guaranteed to everyone except a many-times-over-disproven myth that everyone would just stop working and then we'd have no supply chain if we didn't have death by poverty as a constant looming threat.

And so these things remain out of reach to EVEN THE LOW END OF THE WEALTHIEST 10% OF AMERICANS.

And for what? 90% of the country is left second-guessing, postponing, or even outright foregoing NECESSITIES, and FOR WHAT?? So the top 0.5% of fucking assclowns can have megayachts and eat gold and spend amounts of money that could change people's lives on stupid and dangerous shit whose horrible safety standards they can then inflict on the rest of us??

If that doesn't piss you off and tell you something needs to change I don't know what will.