r/news • u/johnk317 • 1d ago

China to impose 34% retaliatory tariff on all goods imported from the U.S.

https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
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u/robodrew 1d ago

Well also because she's a Fox News anchor who probably makes millions and would still be ok even without any retirement plan.

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u/SmurfStig 1d ago

That’s a bingo.

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u/cire1184 1d ago

Is that the way you say it? That's a bingo?

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u/Aazadan 7h ago

Fox anchors make about 15 million each with some outliers like Hannity at 54 and Cavuto at 7. Ingrahm is their highest paid woman anchor at 18 million. If they're an anchor at a fox studio or one of the internet only hosts it's instead about 70k.

Most of them are investing outside of their 401k due to contribution limits and remaining time in the market. If they're making 15 million they're probably taking home about 10 million after taxes. If they put 1/3 of the remainder into various index funds, and live on around 7 million, it would mean they need a nest egg of about 233 million at a 3% drawdown to afford their lifestyle in retirement.

They're not getting that. More likely they're investing closer to 2/3 of their funds, putting them on a 3 million/year "budget", which would put them at needing a mere 100 million in the bank with them saving about 9 million/year towards that goal. So it would be a decade out at best.

Of course they might also think they're accelerating that by buying the dip right now as markets crash.