Wow, this is the first time I've been here in a long time. Thanks for posting my name, Rabbio. I got an alert in my email. Is it still the same old, same old here?
I agree with most of your article. But the article missed two major things. First most investments don't compound daily, so that assumption is too aggressive. Second, the effect of investment fees were ignored. Both of these would decrease the ending balance.
Actually, the surveys show 94% of US millionaires are first generation millionaires. Meaning they didn't inherit it, they earned it.
While there is some luck in your specific investment choices, it's far more sacrifice, planning, and dedication.
Paying reasonable taxes are fine. It's when people complain that millionaires aren't paying their fair share that is silly. When pressed for what a "fair share" is, that I've heard people say most of it should be taken. People shouldn't be punished for managing their finances well.
Actually, one can be wealthy with steady savings with even low pay. It requires living below your means and consistently investing the excess. Then even those emergencies can be handled without going into debt.
https://www.cbsnews.com/news/americans-with-1-million-saved-sees-a-big-jump/
The article shows that anyone can be a millionaire all on their own. Government assistance is not needed, indeed government assistance typically keeps people in poverty. These 401k millionaires have saved for over 30...
Sorry, I misunderstood your post then. Yes, removal of sex organs for those that are convicted of a rape. Child molesters and violent offenders are different crimes which would require different punishments.