Last lap
Make it your best!
Sludgeyy
joined 2 years ago
Ridge Racers
Criminal Minds
Low battery noise for Astro headphones
Beeeep.beep.beep beep...beep...beep
How is it "taking their meastaking their measurement system and fucking it up"?
USA uses inch, feet, yard. There is small, medium, large.
Metric has centimeters, decimeters, meters. There is small, medium, large.
Everyone knows a yard and a meter are about the same. Everyone also knows centimeters are tiny.
When someone who doesn't use the metric system thinks of how tall they are, they use feet. Medium.
I'm 2 yards tall. Someone that's 5 feet tall is 1 2/3 yards. 5 1/2 feet is 1.83 yards.
You wouldn't use yards to measure a person. You'd use feet.
When you ask someone that doesn't use metric how tall someone is they have to pick between cm or m. Most people couldn't tell you in yards so how do you expect them to do it in meters?
If they just had to think in feet and then ×3 to get decimeters, it would be easy to convert. Maybe even have a decimeter ruler.
5.5 feet is 16.5 dm with quick math. Or 1.65m. Truly, it is 1.68m.
Best driver in the world couldn't drive on icy conditions with summer tires
3 decimeters is equal to 1 foot.
1 yard is equal to 9 decimeters.
Just multiply by 3
I'm 6 ft tall. If someone asks me how tall I am in metric, I just say 18 decimeters.
An American football field is 100 yards, or 300 feet. 900 decimeters.
An 8ft board is 24 decimeters
Really not that hard to convert. Sadly no one that uses the metric system uses decimeters for some reason.
A standard doorway in US is 3 ft. Has to be that for code. 91.4 cm or .91 meters. If you used 9 decimeters it would only be .5 inch off.
You round to 90 cm you'd be .5 inch off. If you round to .9 meters you'd be almost .5 inch off.
If the metic system was shown to the US as decimeters, they would be on board more.
What you're saying
Say my mortgage is 1k a month.
I can't afford 1k, so I let you move in and pay me "rent"
You pay me 1k each month.
After a year, I kick you out and move back in.
Where'd your 12k go?
Bank going to give 12k in cash to you and increase my mortgage by 12k?
Why would someone buy a house so someone else could slowly buy it from them? They would essentially be acting like a bank.
Who keeps up with the house maintenance?
Landlords are unneeded middlemen. A good system doesn't use them.
Your idea is "rent to own".
You can rent to own a Playstation that's 300 dollars for a small monthly price but at the end of the loan you're going to pay 600 dollars total for the Playstation.
Why am I going to go to Best Buy, buy a Playstation for 300, then let Jimmy down the street play with it while he slowly pays me back my 300?
Why am going to buy a house for 100,000 and let Jimmy rent to own it?
600 a month for 15 years. He'd pay for it.
If I put 100k in the S&P500 for 15 years, I'd have 415k.
Would I rather:
A. Help Jimmy get a house
B. Make ~300k for just sitting
Push for Supreme Court ethics reform, term limits and add amendment to make even the president not above the law.
The average person makes 65k
Social security is 12.4%
Medicare is 2.9%
Social Security is 8.19k
Medicare is 1.885k
Average person pays 10k a year to SS and Medicare.
Retirement age is 67
Start work at 18, 49 years of work.
S&P500 has returned an average of 10.64% apr for the last 100 years. 16.5% last 5 years.
30-year morgage is ~7.5%
Let's just assume the person could put extra money towards their mortgage, gaining 7.5% apr.
10k/12= 833.33 per month
833.33 a month at 7.5% apr for 30 years is 1.02M
833.33 a month at 10% apr for 49 years is 10.41M
Government takes 1-10M from the average American retirement account to give them SS and Medicare.
Let's say you live until 80. Average life expectancy is ~77.5. Means you have 13 years in retirement.
Average SS payment is 1,864.52 a month. 22,374.24 a year.
13 years of 22,374.24 is 290,865.12.
Average person is losing 750k-9.75M for retirement.
Medicare is a whole other beast but unless you're going to pay 750k+ on medical expenses in retirement, it's not going to benefit you.
Even with Medicare you have to pay premiums, deductibles, copayments, and coinsurance. So it's not like it's all covered for "free".
SS is a government ran ponzi scheme. Anyone else doing it would be a crooked investor.
I get that minimum wage is $7.25 and that's 15k a year. They are paying 2k a year for SS. They will most likely benefit from the system.
But the average American shouldn't be footing so much of the bill and not seeing any benefits.
It's crazy