this post was submitted on 20 May 2025
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Uplifting News

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[–] NotAnotherLemmyUser@lemmy.world 147 points 2 days ago (1 children)

I'm not sure that there's any aspect about this news that's truly "uplifting".

[–] themurphy@lemmy.ml 54 points 2 days ago (2 children)

Not even the slightest uplifting.

Stock holders and owners are probably dictating these changes. Not the CEO alone.

[–] XTL@sopuli.xyz 14 points 2 days ago (1 children)

It's not uplifting. Almost nothing in this c is.

[–] essteeyou@lemmy.world 11 points 2 days ago (1 children)

It's mostly "here's some bad stuff happening to someone I don't like" so it's a bunch of schadenfreude.

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[–] jjjalljs@ttrpg.network 87 points 2 days ago (4 children)

If I had $9 million dollars I would be done. That's line a six figure annual salary if you put it in the safest of safe investments.

Rich people suck

[–] WhiskyTangoFoxtrot@lemmy.world 27 points 2 days ago (1 children)

If I had $9 million dollars I'd buy nine green dresses but not real green dresses, that's cruel.

[–] ivanafterall@lemmy.world 7 points 2 days ago

I'd buy all the fanciest ketchups. Dijon ketchup!

[–] FlashMobOfOne@lemmy.world 22 points 2 days ago* (last edited 1 day ago) (1 children)

You need enough capital that you can make enough in capital gains and dividends to live off of in a 4% down year.

Most people in this country could live off of $2,500,000 if it's stashed in an index fund. $9,000,000 is more than anyone ever needs.

[–] jjjalljs@ttrpg.network 15 points 2 days ago (6 children)

You can get 4% from a high yield savings account. That's insured. That's still $360,000 a year (taxed as income). You don't need to expose yourself to a lot of markets and "down years" . I mean, if the us government collapses and insured accounts are lost we all have bigger problems.

At 2.5mm you'd still be fine at 4%. Six figure salary for doing jack squat.

Of course, not everyone can budget and they might burn into their principle. But, like, don't do that. 🤷

[–] cabb@lemmy.dbzer0.com 10 points 2 days ago* (last edited 2 days ago) (1 children)

Sure but inflation will eat into that over time. The point of the market approach is you can withdraw that amount in real dollars for 30 years after accounting for interest and inflation

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[–] tomkatt@lemmy.world 7 points 2 days ago (2 children)

Yields are down a bit right now, unless you're willing to go with a sketchy, not sure if FDIC insured "bank."

Currently I'm seeing rates of around 3.5%, or 3.63 APY.

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[–] Akasazh@feddit.nl 19 points 2 days ago (1 children)

Thats why you're not rich. You have to be monomanic to keep wanting more money

[–] RestrictedAccount@lemmy.world 11 points 2 days ago (1 children)

Most of getting that rich is choosing the right parents.

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[–] Bubbaonthebeach@lemmy.ca 27 points 2 days ago

They didn't heed the warning of Pillow Guy's demise. There many big US businesses that are going to hurt badly in the coming months and years - all thanks to their support of Trump. It's wonderful.

[–] OldChicoAle@lemmy.world 38 points 2 days ago (1 children)

Would be nice if he lost it all

[–] Raiderkev@lemmy.world 4 points 1 day ago

Ay, old Chico is my jam. Haven't had it in a minute. I just looked it up and Total wine and more has it. I might have to make a journey to go get it. Haven't had it since I lived in the city of trees.

[–] Feathercrown@lemmy.world 7 points 1 day ago
[–] Maeve@kbin.earth 56 points 2 days ago

Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.

[–] dan69@lemmy.world 6 points 1 day ago

Article title sounds like an a abusive relationship.

[–] Phoenicianpirate@lemm.ee 5 points 1 day ago

I can think of other things this guy could use chopped.

[–] yesman@lemmy.world 19 points 2 days ago* (last edited 2 days ago) (2 children)

For those of you not aware of Target's recent troubles, here is an astrophysicist explaining why they suck. : https://www.youtube.com/watch?v=lPVSj9rcK-E With data!

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[–] ScrambledEggs@lazysoci.al 11 points 2 days ago

Not enough. We need more pressure.

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