The Daily Populous

Sunday December 6th, 2020 night edition

image for Billionaire investor Bill Ackman says the US should give every American cash at birth so they can retire a millionaire

In The New York Times' DealBook, Ackman says the wealth that upper-middle class and rich Americans generate from equity and other investments has far outpaced wage growth.

The billionaire is proposing a plan, called "Birthright," where the US government would give every American a stock investment upon birth.

Birthright funds would be invested at birth in zero-cost equity index funds, be prohibited from withdrawal until retirement, and compound tax-free for 65 years or more.

At historical rates of equity returns of 8% annually, a $6,750 at-birth retirement account would provide retirement assets of more than $1 million at age 65, Ackman wrote.

The American dream has become what Ackman called "a disappointment" for many — but he has a solution.

Ackman is proposing "a way for those with no investment assets to participate in the success of capitalism," he wrote in The New York Times' DealBook.

Yang says cash handouts wouldn't dampen people's work ethic but strengthen it, making the investment in Americans one with real returns. »

Bryan Cranston says he still hasn’t recovered sense of taste or smell after coronavirus infection

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Breaking Bad star Bryan Cranston has revealed that he has still not fully recovered his sense of taste or smell after contracting coronavirus.

At the time, he urged his fans to do what they could to stop the virus spreading.

Appearing on The Ellen DeGeneres Show, Cranston has now said that the only symptom that lingered is that “I have lost a percentage of my ability to taste and smell”. »

Court Suspends ‘Copyright Troll’ Lawyer From Practicing Law * TorrentFreak

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This summer, for example, in the Usherson v. Bandshell case, a New York federal court ordered the lawyer to pay over $100,000 in sanctions for violating several court orders and repeatedly lying under oath.

The Grievance Committee evaluated the findings recently and concluded that Liebowitz will be suspended from practicing law in the district until further order.

In addition, there is no new misconduct to ‘deter’ at the movement, as the attorney is suspended from practicing law in the district now. »