Comments on: Future Wealth Update https://blog.speculist.com/society/future-wealth-u.html Live to see it. Thu, 16 Dec 2021 08:21:00 +0000 hourly 1 http://wordpress.org/?v=3.6.1 By: AdvancedAtheist https://blog.speculist.com/society/future-wealth-u.html#comment-1168 AdvancedAtheist Mon, 23 Jan 2006 15:41:26 +0000 http://localhost/specblog/?p=580#comment-1168 I appreciate your post for not dismissing this idea out of hand. I’ve seen some especially hostile comments about these cryonicists on free market blogs, calling them “idiots” and “rich suckers,” for example. Ironically in other contexts free-market advocates tend to praise financially successful business people, hold them up as role models and attribute superior judgment to them. I suspect the prospect of having the money to buy your way back from death incites latent envy in some impecunious people.

]]> By: Stephen Gordon https://blog.speculist.com/society/future-wealth-u.html#comment-1167 Stephen Gordon Mon, 23 Jan 2006 10:09:45 +0000 http://localhost/specblog/?p=580#comment-1167 Phil:

Okay, here’s the example I gave in a comment awhile back:

“Let’s say you have $2 million socked away in investments that reliably return 10% annually – that’s $200,000.

Let’s say your effective tax rate (state plus fed) is 50% on that interest income. Your after-tax income would be $100,000 per year.

Never touching the principal.”

But you’ve pointed out correctly that you would also need to take into account inflation.

Inflation has historically been about 3%.

If inflation holds at that level, you could perpetually take the equivalent of $97,000.00 in today’s dollars every year without touching the principle.

A person could make it on that. Especially if he was healthy enough to work.

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