N Nick

Even if I didn’t contribute another dollar, $100k in my 401k at 31 will be roughly $3M by 65. That’s what 34 years of compounding will do.

In order for this to happen: 1. 10.5% returns over 34 years when market is at crazy valuations and USA averaged 7% over its peak years 2. No change in tax code - the USA govt will let young people keep their 401ks when pension hungry boomers are majority and vote at 70%+ rates 3. No broker or bank default 4. No personal need for the cash whose distributions are tax penalized 5. No civil war, communist revolution, invasion in the US 6. No change in management behavior around fiduciary duty 7. No major inflation in cost of living wiping out nominal gains You may think one or two of these are unlikely but in aggregate, the idea that this person will turn $100k into $3 mm without doing anything (because this idea has been heavily marketed to us) is abject fantasy.

Once again, Republicans blocked my effort to advance the Major Richard Star Act, even with a clear way to pay for it out of DOD unused funds. The cost of caring for veterans is part of the cost of war. We must keep our promises.

Rape gangs are not some kind of aberration. Ask any combat veteran what they saw in Afghanistan. The sexual torture and slavery of children is utterly commonplace in Muslim countries. It’s part of their “culture.” Which is why it’s suicidal to import that culture into the west.