Tell us something we don’t know.

[ultrarunner]

… and then surely the savings required for realistically comfortable retirement would increase by about $1m. Capitalism doesn’t just generate a pyramid of wealth distribution, it fundamentally depends on it. We can only live comfortably when we have peons available to do the labor of society.

This is the fundamental difference between left and right political thinking. “Everyone” vs “anyone”. Put simply, anyone can thrive in a capitalist system, but not everyone. “Everyone” requires socialism.

But is it thriving?

 

[two_bit_score]

I like the idea of a match, but would prefer even more to just not have my invested income taxed in the first place, rather than taxed and then given back as match.

And no property taxes either.

 

[Fuddyduddy1952]

I read somewhere that if the govt. gave every newborn a $7k treasury bond that could not be touched until 65 yrs old, that everybody would have $1m at retirement age.

Or just over $4M if in an S&P index fund, since S&P has returned 10.26% ave. since 1957 inception.

 

[sixdogs]

Yes, but. Assuming that same newborn worked and saved at a reasonable rate they would have their own retirement savings to add to the $1m. Maybe even match it if we could teach money management and investment in grade school

You can teach all you want but almost no one will listen. The losers will argue with you that you're wrong and the harder you try, the firmer their resolve. There will always be poor people and always be rich people because of the principles practiced.

There's an old Chinese proverb that goes like "rich man down, poor man up, they are still not equal" and it's true.


A great point is those who stumble into something like the lottery, inheritance or whatever. A poor man, even though he is now wealthy will talk of all the things he will buy and do. A rich man, who may or may not have had wealth prior might say something like "I have everything I need and probably keep my job because I like it". Did you know that Warren Buffet still lives in the same house he bought in 1958 and last I knew drove an 8 year old car. It's not about money. The richest woman in the world, Alice Walton, drives a Ford F150 pickup.

Sam Walton used to drop in at local stores unannounced, start bagging purchases for customers and explain the philosophy of thrift and reward and the importance of helping the customer to the staff because customers were the ones that paid all of the salaries, including his.

 

[WinterDeere]

I’m not sure if your post is all your thoughts or if you copied it from somewhere.
I’ve got a couple disagreeing points to make. First regarding IPA’s.
IPA’s are not a very popular starter garage/basement beers. They are by far, the most costly to produce, have the highest raw ingredient count, require the most sugars to produce the high alcohol content, and require far more expensive hops. Brewers progress to making IPA’s after learning from simpler, and much cheaper styles

IPA's are not the cheapest to produce, in terms of ingredient cost. But they have a much higher yield than things like Belgian Dubbels or Tripels, where the probability of the whole brew going south is so much higher. IPA's are hard to screw up, by comparison.

The other point is regarding the switch to inexpensive filler ingredients like rice and corn in the 20th century US. It’s been my understanding, that a large driver behind this was not only the scarcity of the wheat, but from the majority of male drinkers being overseas fighting in the wars. The remaining women population who weren’t really beer drinkers were swayed over to being consumers, by the marketing image thought up by the big brewing companies to attract them, with the taste of a much lighter beer resulting from using rice and corn

That's interesting, and probably a factor. But it doesn't make sense that it was solely for women, if it was continued 40 years post-war?

I've seen some references to using corn to reduce the cost of beer going back to the Civil War, but I'm not sure how common it was at any point prior to the last 100 years.

 

[ponytug]

Under the German, actually originally Bavarian, Reinheitsgebot the grain choice is limited to barley, and only barley. Humans have been making fermented grain beverages for millennia.

Using corn lowers the cost of the beer, but if one uses the whole grain, it is not without flavor impacts. Rice adds significantly to the cost of beer, but has minimal impact on flavor. For brewers trying to have a cleaner label, rice is often preferred over "purified corn starch", but not every brewer or consumer is worried about the list, but if you are curios, here is a nineteen page listing of the various things that turn up in just Coors' various beers.

https://www.molsoncoors.com/sites/millercoors/files/MC_Nutritional_Information-121818.pdf

With regard to IPAs, cost is less of a concern since yeast genetically modified to make hops flavors were allowed for use in beer, making IPAs potentially similar in cost to normal beers, if large amounts of real hops aren't added.

Brewing hoppy beer without the hops

Hoppy beer is all the rage among craft brewers and beer lovers, and now UC Berkeley biologists have come up with a way to create these unique flavors and aromas without using hops. UC Berkeley scientists have found a way to avoid expensive, variable ...

news.berkeley.edu

Genetically modified yeast can yield intense hop aromas in beer, Oregon State research finds

Oregon State University brewing researchers and a team of bioengineers have shown that a genetically modified yeast strain can alter the fermentation process to create beers with significantly more pronounced hop aromas. “These findings could be extremely useful in creating new beer flavors and...

www.craftbrewingbusiness.com

Would you drink genetically modified beer?

A growing number of US brewers are now using GM yeast to make their beers.

www.bbc.com

The hops engineered yeast has been used for some time, but I don't have an exact date.

Personally, I'm a fan of beers with just four ingredients; yeast, barley (malt), hops and water. That's not to say that I haven't brewed things like melomel, but I don't think of them as beer.

All the best,

Peter

 

[Jstpssng]

Under the German, actually originally Bavarian, Reinheitsgebot the grain choice is limited to barley, and only barley. Humans have been making fermented grain beverages for millennia.

Using corn lowers the cost of the beer, but if one uses the whole grain, it is not without flavor impacts. Rice adds significantly to the cost of beer, but has minimal impact on flavor. For brewers trying to have a cleaner label, rice is often preferred "purified corn starch", but not every brewer or consumer is worried about the list, but if you are curios, here is a nineteen page listing of the various things that turn up in just Coors' various beers.

https://www.molsoncoors.com/sites/millercoors/files/MC_Nutritional_Information-121818.pdf

With regard to IPAs, cost is less of a concern since yeast genetically modified to make hops flavors were allowed for use in beer, making IPAs potentially similar in cost to normal beers, if large amounts of real hops aren't added.

Brewing hoppy beer without the hops

Hoppy beer is all the rage among craft brewers and beer lovers, and now UC Berkeley biologists have come up with a way to create these unique flavors and aromas without using hops. UC Berkeley scientists have found a way to avoid expensive, variable ...

news.berkeley.edu

Genetically modified yeast can yield intense hop aromas in beer, Oregon State research finds

Oregon State University brewing researchers and a team of bioengineers have shown that a genetically modified yeast strain can alter the fermentation process to create beers with significantly more pronounced hop aromas. “These findings could be extremely useful in creating new beer flavors and...

www.craftbrewingbusiness.com

Would you drink genetically modified beer?

A growing number of US brewers are now using GM yeast to make their beers.

www.bbc.com

The hops engineered yeast has been used for some time, but I don't have an exact date.

Personalky, I'm a fan of beers with just four ingredients; yeast, barley (malt), hops and water. That's not to say that I haven't brewed things like melomel, but I don't think of them as beer.

All the best,

Peter

Thread title is "Tell us something we don't know."

This single post told me several things, now I can go to bed knowing more than when I got up this morning.

I think I'll have a beer first though.

 

[Rockbadchild]

Thread title is "Tell us something we don't know."

This single post told me several things, now I can go to bed knowing more than when I got up this morning.

I think I'll have a beer first though.

I will have a few to test the previous statement … it’s for science purposes… please tell my wife is for science.

 

[ultrarunner]

Yep… Bavarian’s and beer.

Even the BMW factory workers receive free lunch beer in their contract.

The brewery in Salzburg dates from 1492 and is the local favorite… Stigl Beer


According to the 1516 Bavarian law, the only ingredients that could be used in the production of beer were water, barley and hops.[2] The text does not mention yeast as an ingredient, although yeast was at the time knowingly used in the brewing process

 

[bigtiller]

I made 5 gallons of lager beer in the early 80's.
A fifth ingredient is needed, a bunch of corn sugar.