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The New Coffee Room

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  3. Mildly interesting

Mildly interesting

Scheduled Pinned Locked Moved General Discussion
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  • MikM Offline
    MikM Offline
    Mik
    wrote last edited by
    #2821

    The figure that really annihilates this is that in 1989 a hell of a lot more wealth was held in pension funds where today most all of it is in individuals’ retirement savings.

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote last edited by jon-nyc
      #2822

      It’s just a statistic. Nothing ‘annihilates’ it unless you’re projecting some message or moral onto it yourself.

      The whole reason we call them illegal aliens is because they’re subject to our laws.

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      • MikM Offline
        MikM Offline
        Mik
        wrote last edited by
        #2823

        The original tweet was meant to do exactly that. Whether you meant it that way I cannot say, but the intention was clearly to support the inequality claim. I’m not projecting anything other than it’s a bullshit statistic for the purpose.

        "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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        • AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote last edited by Axtremus
          #2824

          Google says:

          In the USA, the percentage of the population aged 70 and older was approximately 9.1% in 1989 and is projected to be around 11.33% in 2025. The share of the older population has increased over this period due to increased life expectancy and the aging of the baby boomer generation.

          Percentage of Population in 1989
          Based on population data, the approximate percentages for age groups 70 and older in 1989 were:

          • 70-74 years: 3.5%
          • 75-79 years: 2.8%
          • 80-84 years: 2.2%
          • 85+ years: approximately 0.6% to 0.9% (extrapolated from data) [4]

          The total percentage of the population aged 70 and older in 1989 was approximately $3.5% + 2.8% + 2.2% + 0.6% = 9.1%.

          Percentage of Population in 2025
          For 2025, projected data provides a more precise breakdown:

          • 70-74 years: 4.5%
          • 75-79 years: 3%
          • 80-84 years: 1.91%
          • 85+ years: 1.92% [7]

          The total percentage of the population aged 70 and older in 2025 is approximately $4.5% + 3% + 1.91% + 1.92% = 11.33%.

          AI responses may include mistakes.

          [1] https://www.pewresearch.org/social-trends/2025/11/06/how-americans-are-thinking-about-aging/
          [2] https://www.statista.com/statistics/457822/share-of-old-age-population-in-the-total-us-population/
          [3] https://www.facebook.com/OfficialPeterMallouk/photos/a-record-32-of-household-wealth-is-now-held-by-americans-that-are-70-years-of-ag/1378770223686396/
          [4] https://www.populationpyramid.net/united-states-of-america/1989/
          [5] https://www.ssa.gov/oact/NOTES/AS112/as112.html
          [6] https://www.cato.org/blog/native-born-americans-are-not-losing-jobs-foreigners
          [7] https://www.neilsberg.com/insights/united-states-population-by-age/

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          • AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote last edited by
            #2825

            Wealth accumulates for the 70+ crowd faster than the population growth for the 70+ crowd.
            While this does not necessarily suggest "inequity," it does indicate "increased concentration" of wealth for the 70+ crowd.

            Wealth in pension funds vs. wealth in 401(k)? That comes down to control. The wealth in pension funds meant to benefit the 70+crowd is not controlled by the 70+ crowd. The wealth in 401(k) accounts of the 70+ crowd is controlled by the 70+ crowd. Is one "better" than the other? That's a whole other discussion.

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            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote last edited by
              #2826

              Generative AI, 3 years in.

              IMG_9760.jpeg

              The whole reason we call them illegal aliens is because they’re subject to our laws.

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              • RenaudaR Offline
                RenaudaR Offline
                Renauda
                wrote last edited by
                #2827

                Meanwhile in Spain, one community raises alms for the poor:

                https://www.bbc.com/news/videos/c05834pp6jno

                Elbows up!

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                • MikM Offline
                  MikM Offline
                  Mik
                  wrote last edited by
                  #2828

                  I would so do that.

                  "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote last edited by
                    #2829

                    Looks like the real question for how violent society is over time would be ‘what’s the attempted murder rate’

                    The whole reason we call them illegal aliens is because they’re subject to our laws.

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                    • MikM Offline
                      MikM Offline
                      Mik
                      wrote last edited by
                      #2830

                      Interesting idea, and quite likely with some truth.

                      "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

                      1 Reply Last reply
                      • MikM Offline
                        MikM Offline
                        Mik
                        wrote last edited by
                        #2831

                        The Hot Dogs Were So Addictive They Had to Be BANNED from Helen Keller’s House

                        Helen Keller is remembered as one of the most extraordinary figures of the modern world. Deaf and blind from a young age, she became a prolific author, a tireless activist, and a global lecturer who spoke fiercely against war, inequality, and capitalist injustice. But behind the public icon was a woman with a very simple, very human weakness. She loved hot dogs.

                        Despite traveling the world and dining in countless countries, Keller’s favorite protein was reportedly the humble American hot dog. According to accounts preserved by the Helen Keller Foundation, she preferred them topped with mustard and relish. No record survives of her stance on ketchup, a mystery that will likely never be resolved. What is clear is that she adored them with enthusiasm.

                        Her love for hot dogs became such a problem that her longtime secretary and companion, Polly Thomson, eventually banned them from their home altogether. Thomson worried that if allowed, Keller would eat nothing else. It was not a symbolic ban. It was a practical intervention against culinary obsession.

                        After Thomson’s death in 1960, Keller’s new assistant, Winifred Corbally, took a different approach. Rather than restricting her employer’s cravings, she embraced them. Corbally frequently took Keller to hot dog stands, indulging her favorite food without guilt or restraint. Keller reportedly had one request she repeated often. “Don’t forget the mustard.”

                        eatshistory.com
                        image.png

                        "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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                        • jon-nycJ Offline
                          jon-nycJ Offline
                          jon-nyc
                          wrote last edited by
                          #2832

                          The nine colleges founded before the revolution.

                          Would not have guessed Rutgers was among them.

                          IMG_9777.jpeg

                          The whole reason we call them illegal aliens is because they’re subject to our laws.

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                          • MikM Offline
                            MikM Offline
                            Mik
                            wrote last edited by
                            #2833

                            It would be interesting to see the curriculum and texts.

                            "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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