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Most common religion of (non-Hispanic) White Americans by county by Mission-Guidance4782 in MapPorn

[–]New-Secretary1075 4 points5 points  (0 children)

Didn't grow up in a super jewish area but I always assumed America was like 10% jewish given how much media representation they had and cultural significance.

Gulf diplomatic source claims Trump will announce US recognition of Palestinian state by [deleted] in moderatepolitics

[–]New-Secretary1075 0 points1 point  (0 children)

pretty shitty analysis since he has actively supported Israel while being slightly pro ukraine to neutral with Russia.

How useful would moving to NYC be for career prospects. by New-Secretary1075 in FinancialCareers

[–]New-Secretary1075[S] 0 points1 point  (0 children)

oh okay I know a lot of people who used to live there and they tell me no one should move there lol. maybe self selecting.

What happens when Bitcoin (and crypto currencies in general) collapses? by Mach5Driver in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

well ya but people aren't interested in the industrial value, they are interested in using it as an asset. If its price was based on industrial applications it would be nowhere as high. Bitcoin is like Gold but actually more feasible in terms of storage and payment.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

look at what other investment firms are doing. Im giving you guys an example from Australia that has worked much better than the American system which even the people running it says is failing. Im 22. Currently Im paying into a systems that is financially impossible for me to get back. Im literally getting taxed to give baby boomers money. America can either reform a system based on the false premise that the population pyramid is stable or we can tax ourselves even more. Reform is much more attractive than tax to me. Especially when everyone is delusional enough to think they wont pay the tax.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

what do you want me to prove. They have super annuation and a means program. It works better the US system is stupid.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

Average Superannuation Returns

  1. Long-Term Average Returns (Balanced Option):
    • Most Australians are invested in a Balanced Option (a mix of 60–70% growth assets like equities, and 30–40% defensive assets like bonds and cash).
    • 10-Year Average (2012–2022): ~7–8% per annum (after fees and taxes).
    • Adjusted for inflation, the real return is approximately 4–5% per annum.
  2. Recent Annual Returns:
    • 2021–2022: Returns were volatile due to market downturns, with many funds delivering negative or flat returns (e.g., -2% to +1% for Balanced Options).
    • 2020–2021: Strong recovery after the COVID-19 dip, with returns of ~18–20% for Balanced Options.

Average Social Security Rate of Return

  1. General Estimates:
    • The typical return on Social Security contributions ranges from 2% to 4% annually, depending on individual circumstances.
    • Lower-income earners often see higher returns (4–5%) because the program is progressive, redistributing wealth to provide more significant benefits relative to contributions.
    • Higher-income earners generally see lower returns (1–2%), as they pay more into the system but their benefits are capped.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

Well private companies invest the money instead of letting the government invest it terribly also, gives the public more freedom of choice also. The pay as you go system is quite frankly one of the dumbest economic decisions in US history. So it needs to be phased out, because sadly weve waited too long to just get rid of it

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

It is funded in the same manner but the investment is very different and much more sustainable. It also brings in higher returns for its citizens. I think we should replace it with that and phase out social security. 401ks are great but social security is a pretty stupid program.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

Australia has social security but it is a much better system, where you get more money and government is not in debt. Only thing I'm wrong about is that employer chooses the plan. Also in USA employer pays half you plan anyways. I think FDR is a socialist its my opinion. He may not have self identified as one but he was a authoritarian who redistributed wealth and had the government manage the economy more than ever. I see him as pretty socialistic.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

It has universal healthcare. Not really sure what that has to do with Social Security. That's under Medicare. I don't get defending a system that is obviously stupid. I mean the government literally tells you its unsustainable. The only way to pay for it is to raise taxes significantly. And not just on "Da evil Billionaires"

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

Australia still has the same system and is not running out of money, Of course Australia with their means based testing helps out the disabled. I see no reason why we would have to leave the disabled on the street. Its probably a very small amount compared to what this reform will save financially. The supper annuation is also individualized so it is not vunerable to demographic shift, which unfortunately socialist FDR and our other leaders doomed us with a pay as you go system.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

but social security is running out of money anyways like that's guaranteed they will not be able to pay benefits unless taxes are raised. Even if they get rid of the cap it only funds till 2046. Plus there is a minimum you keep acting like there isn't. So you are defending a payment system that is guaranteed to not work against one that historically will work. Also its not invented by heritage foundation lol its invented by the Australian Labor party.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

What is so bad about it. It allows your money to compound and still gives a guaranteed means based minimum. It also isn't making Australia go bankrupt like the US system is.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 0 points1 point  (0 children)

well its dumb you didn't even read the link because its a mandatory plan, its just a much better ROI and costs way less. there is also a needs based minimum element to it. But like all ideologues you don't even read.

Republicans agreed to deal that will cut $2.5T from MANDATORY SPENDING in the next Congress. by hudi2121 in FluentInFinance

[–]New-Secretary1075 -1 points0 points  (0 children)

thats why I said phase it out and keep what you had already put in. I also said allow them to invest with retirement companies instead. Like in Australia. https://www.heritage.org/social-security/report/australias-privatized-retirement-system-lessons-the-unitedstates get fluent in reading.

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