Comments by "Doncarlo" (@doujinflip) on "Why it’s hard for Americans to retire" video.

  1. More wealth also has more requirements to defend and develop it. Most of us don't hire personal bodyguards and tax avoidance accountants, but the financial elite certainly would.
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  2. All you have to do is ignore the chaebol and other born-privileged "good families" who collude with the authorities to drop legal barriers on rising startups by those outside their personal social circles, in order to prevent viable competition to their revenue stream and social status.
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  3. ​ @TheFireGiver More like high salaries to pay off equally high costs of living where they are.
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  4. That would be a privacy if not security risk. They need their house value to keep rising so that when they sell off to some corporation (who in turn will only rent it out), they have to funds to blow on assisted living and terminal healthcare costs.
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  5. I think young people already realize this. Hence all the job hopping (much more profitable than promotion to supervisor in the same firm) while YOLOing travel experiences at every opportunity.
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