Business broker and PE consultant. Former investment banker and founder with successful exit. Here to help you understand why you are poor and how to fix it. π
You should get a refund for whatever education you might have. The government borrowed from the Social Security Trust Fund and spent it as part of the general budget. Now, those IOUs are being redeemed with taxes or more borrowing to pay benefits. Call it what you want but it's been raided.
@hobbyXXXchange@CWBChicago I said almost everyone. Yes you could go through NFA and buy a pre-NFA full auto for $40k but I doubt your average gangster is taking that path.
@DC_Draino It's a math problem, not a choice by the banks. If you want to attack the principal early then you have to make additional payments. There's no why around it.