18 karma · joined January 6, 2020
or, you can just break these stupid, unenforceable laws and buy out of state or just "uncastrate" it yourself.
no idea why so many people get their panties in a twist everytime California passes an unenforceable law. they're unenforceable.
No thanks, I prefer to live in a free country.
>"a rural state" sounds like all the worst bits of living in the US.
I don't have the level of contempt for my fellow Americans that you have
Markets prefer political stability. Average annual S&P 500 returns are around ~7% adjusted for inflation, but ~12% when a President is in his second term.
Political answer:
A Trump loss would be presumably be to one of the self-avowed socialists running which would certainly crash the markets.
Furthermore, even without a market crash, a socialist implementing mark-to-market capital gains taxation while also doubling the long-term capital gains rates (15% to 32% for me) would drastically slow down my march towards $1,000,000.
I just created my HN account to emphasize this point. After 4 years in the Bay Area, I've come to the same conclusion. I've been saving money for 9 years now & should be at the $1,000,000 mark within 2 years. First 5 years of saving in Los Angeles got me to $200,000, and the last 4 years have pushed me to $700,000. Assuming Trump is re-elected, my portfolio should hit the $1,000,000 mark within two years.
A million bucks isn't much here, but its a sizable nest-egg in most places in America. Saving money in the Bay Area is much easier to do than anywhere else. I plan to move to a rural state as soon as I get to a million. The misery of living here has to end at some point.