101–110 of 203 posts
Earlier quoted context omitted.
You're right, it's pretty ignorant to think socialism is worthwhile economic or political policy.
Especially since quality of life, social services, and longevity in Europe are so bad
Millennials do value work ethic less than other generations: "Asked who has the better work ethic, about three-fourths of respondents [edit: Millennials] said that older people do" ( http://www.pewsocialtrends.org/files/2010/10/millennials-con... ). This can be good or bad but either way it might have some effect on the relative earnings.
Young people in developed nations are the next wave to get hammered by globalization. The capital markets aggressive search for efficiency will leave no developed world worker unscathed until they are all at parity with developing nations. But if it's any consolation they aren't the only ones. The only difference is that most of the baby boomers made it into the asset class before globalization was in full swing.
the appropriate response for ordinary americans seems to be democratic isolationism, imo. oppose trade deals like ttip, tpp and tpa -- these deals serve to enrich those who are already the global winners and provide nothing for the emerging intelligentsia of the first world. globalism might benefit those in power at the moment, but it provides nothing for those of us who need to work through a career or two to be com…
I would argue this is the beauty of the true American exceptionality, in that the American Revolution, despite the British propoganda attempting to paint it as hardly more than a momentary lapse in military judgement, truly was the unique act in history of an imperfect overthrow of monarchy for individualism.
In politics I always see a thing that divides the people, but the American principles we are fighting for are about unity under the common societal belief structure that each man is his own King. Immigrants swear alligience, and military take oaths, not to the queen or king, but to the Constitution. The Supreme law of the land, constructed to protect the rights established naturally upon all men. Not to establish any right, but to protect them all.
I want the rest of the world to be granted inspiration of our constitution, but we need to stop doing it by military might, and do it by example instead.
Earlier quoted context omitted.
I'm not suggesting that I'm in favor of this, but the idea is that the country has plenty of wealth, it is just concentrated in older generations who were able to build it through decades of economic largesse, so, well, that's who should should be paying for it.
And I'm still not clear on how taxing the shit out of everyday working citizens somehow redistributes the wealth which is already hoarded by the 0.1%.
Multiplier Effect
https://en.wikipedia.org/wiki/Multiplier_(economics)
Velocity of Money
I think there's a trade-off, millennials will live a life with more public conveniences. Internet, social networks, free games, etc. Not my cup of tea, but as a millennial I think the generational values are generally geared more to life experiences over money.
Eh, but in exchange we lost affordable health care, affordable schooling, and other things.
Earlier quoted context omitted.
Obama is not a socialist and there is very little that he could do with such strong opposition and control from the GOP in the house, and until recently, the senate.
Didn't Democrats have control of both the House and the Senate for a period? Also, doesn't being the POTUS mean you know how to bridge gaps and compromise? Sounds like a convenient excuse to point fingers at the other side.
Earlier quoted context omitted.
I'm not suggesting that I'm in favor of this, but the idea is that the country has plenty of wealth, it is just concentrated in older generations who were able to build it through decades of economic largesse, so, well, that's who should should be paying for it.
And I'm still not clear on how taxing the shit out of everyday working citizens somehow redistributes the wealth which is already hoarded by the 0.1%.
Millennials do value work ethic less than other generations: "Asked who has the better work ethic, about three-fourths of respondents [edit: Millennials] said that older people do" ( http://www.pewsocialtrends.org/files/2010/10/millennials-con... ). This can be good or bad but either way it might have some effect on the relative earnings.
Isn't that just a measure of perception?
One is that wages have stagnated for most jobs since the 1980s. Which has meant that it's harder to get ahead and easier to fall behind unless you step into a high paying career early or are lucky enough to climb some business ladder into high ranks.
Another is that if you look at the employment after the 2008 economic crash the majority of the impact was on folks under 25. Unemployment shot up, as did underemployment, and that situation has persisted for the better part of a decade before recovering at an agonizingly slow pace. Literally millions of people, most of them millenials, just fell out of the job market, and millions more were stuck in crappy, underpaying jobs for years. That kind of thing has a dramatic long term impact on your career development and thus your earnings, your savings, your personal investment, and so on.
The last is the massive cost increases in housing and education. In combination with the other two these things have significantly hampered millenials ability to earn money, to save money, and to build up wealth and stability via home ownership (which has traditionally been a classic way to do so for Americans). Millenials can barely afford to live in the cities where there are jobs and if they don't have a decent-ish job they can't afford to move to where there are, they can't save, and they can't accrue wealth.