flâneur

stop with the stop-loss debate - by Kris Abdelmessih

moontower.substack.com · 1,552 words · saved by 1 readers

Certain topics re-infect popular social media discourse like an engineered cold virus. Like when the NY Times is having a slow week and drops the “Couple Can’t Make Ends Meet in NYC on $500k a Year” This is not a fresh take. Sorry to be crass, but NYC is a beacon for dreamers around the world who want to partake in a life tournament. It is entirely indifferent to your needs. Plus, $500k is not what it was. Also not news. [The number of millionaires in the US has doubled twice in 20 years. For the investment-brains Rule of 72’ing that in their heads, it’s 7% growth in millionaires per year. Also when you break out their expenses, it always includes “private school”, “max 401k contribution”, and a parade of “needs” that insult normal people’s definition of “ends meeting”. The headline should say “I make $500k and don’t feel rich”. And for that our nice couple that got As in school should be banished with their expectations to either 1992 or literally any place that is NOT the final table

Friends, Certain topics re-infect popular social media discourse like an engineered cold virus. Like when the NY Times is having a slow week and drops the “Couple Can’t Make Ends Meet in NYC on $500k a Year” This is not a fresh take. Sorry to be crass, but NYC is a beacon for dreamers around the world who want to partake in a life tournament. It is entirely indifferent to your needs. Plus, $500k is not what it was. Also not news. [The number of millionaires in the US has doubled twice in 20 years. For the investment-brains Rule of 72’ing that in their heads, it’s 7% growth in…

saved by

related reading