Let’s suppose you are an aging retiree with stocks you bought a long time ago. If you sold them, there would be capital gains. If, instead, you borrow against them, when you die there is a step-up in basis and your heirs don’t have to pay those capital gains. Sure, the loans have to be repaid, but this may be less costly than the capital gains (and, in the meantime, the stocks might go up in value more than the cost of the loan). The “basis step up at death” feature is one of the main ways generational wealth is built.
From ChatGPT:Hamas leaders are indeed wealthy,Ismail Haniyeh, the head of Hamas’ politburo, is worth more than $4 billion. Khaled Meshaal, another prominent Hamas leader, is estimated to have a net worth of more than $2.6 billion. Moussa Abu Marzook, … is believed to have a fortune ranging between $2-3 billion While these leaders revel in luxury, the majority of Gaza’s population—over 2 million residents—live in abject poverty.
If you’re stuck with something in your house, the old guys at a local Ace Hardware will be happy to try and steer you in the right direction. But Home Depot and Lowe’s killed off the other two in town.
I came here to say the same thing. Sports can teach you to lose with grace, and to react to a loss not by moping (leading to a loss next week, too) but to suck it up and get better.
Regardless of whether I agree with your premise or not (natural or man-made causes), I agree with your conclusion that we’re just going to have to adapt. The international accords (like the Paris accords) aren’t going to work because they depend on voluntary infliction of pain by international politicians on their constituents, and there’s a limit to how much they will push, especially if neighboring countries aren’t pushing. (Google “The Tragedy of the Commons” for an explanation of this phenomenon).
I’m staying in the midwestern US. No hurricanes. No earthquakes. Fresh water in the Great Lakes. Yes, there’s winter, but I note the happiest countries in the world have even more winter (Finland, Iceland, Sweden, Norway).
Merriam-Webster also gives this definition of waterspout: a pipe, duct, or orifice from which water is spouted or through which it is carried