Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
You realize you have to pay every year for dockage, fuel, maintenance? You should not exceed a 4% withdrawal rate, so if your life roll is 10M, do not spend more than 400K a year. But 4% withdrawal indexed for inflation doesn’t survive the worst recessions so realistically 300K
Are we really spending $100,000 a year on a yacht?
You realize you have to pay every year for dockage, fuel, maintenance? You should not exceed a 4% withdrawal rate, so if your life roll is 10M, do not spend more than 400K a year. But 4% withdrawal indexed for inflation doesn’t survive the worst recessions so realistically 300K
Are we really spending $100,000 a year on a yacht?