Live data from Hacker News

30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

kyla.substack.com

11–20 of 107 posts

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#11
post #7

To the billionairs via income inequality. When I was young, you could live off the wage you made in retail. I had uncles who worked in retail and where able to buy a nice house and raise a family. Now, you need snap to live if working retail. Buying a home, out of the question. We need to go back to the tax rate we had in tge 1950s and force companies to pay a living wage as they did back then

[deleted]

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#12
It's hard to put thoughts into the right words but the world she wants exists. They're not writing for substack or flying around to conferences. They're out there living their lives without being so unrelentingly negative.

I dunno I just see so much cool shit in the world today. I see Waymo cars driving themselves around. LLMs are still wildly revolutionary. My TV is the tits. There's so much good happening but there's this massive undercurrent of negativity that's hard to reconcile.

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#13
post #5

Earlier quoted context omitted.

Ignoring how easy it is for statistics to be misleading, let alone outright lies, the official statistics are rather mute on the topic of economic distribution. It doesn't matter how well an economy is doing, if the majority of wealth is accruing to a small minority.

[flagged]

no, mute is the right word here, in the sense of "silent".

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#15
"America’s problem isn’t that we lack wealth - we have enormous wealth - it’s that we’ve made our wealth invisible while letting everything visible decay in a way. We’ve inverted the formula."

In a way, I see this as our unwillingness to invest back into society. It very much is the fault of our wealthiest who have alienated themselves from anything resembling the everyday people and created themselves walled off enclaves where they no longer need to face the degredation. Wealth isnt visible anymore because its being hoarded, walled off, and turned into bits that can be easily moved from one place to another, allowing them to invest it only in the things they care about. I promise you, any time spent around the wealthy will show you their worlds are not decaying, its just that you dont get to live in it yourself.

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#16
post #7

To the billionairs via income inequality. When I was young, you could live off the wage you made in retail. I had uncles who worked in retail and where able to buy a nice house and raise a family. Now, you need snap to live if working retail. Buying a home, out of the question. We need to go back to the tax rate we had in tge 1950s and force companies to pay a living wage as they did back then

I'm sending IP packets to you from a computer I bought from one billionaire, built by another billionaire, with an operating system made by another billionaire, over satellites built by yet another billionaire, through a web forum written by another billionaire. These people made billions by capturing a fraction of the value they created. The market is not a zero sum game.

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#17

Two words: “subscription fees” It’s the silent suck on the wallets that get you. Everyone budgets for food, shelter, but very little attention is paid to the dailies, the subs, the fees, the lattes.

Not the lattes! The horror!

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#18

"America’s problem isn’t that we lack wealth - we have enormous wealth - it’s that we’ve made our wealth invisible while letting everything visible decay in a way. We’ve inverted the formula." In a way, I see this as our unwillingness to invest back into society. It very much is the fault of our wealthiest who have alienated themselves from anything resembling the everyday people and created themselves walled off enc…

I see this a lot in socal especially in the san fernando valley. Neighborhood like sherwood forest with 2-10 million homes or more. Nearby offerings comprised of a run down strip mall with a smoke shop, liqour store, coin laundry, nail bar. It is sort of bewildering. Like why isn’t there an upscale restaurant? Seems the people in these neighborhoods are content to drive 20+ mins away for the sort of stuff they actually use at this income level. Or maybe their whole life is delivered to their door by this point.

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#19

Two words: “subscription fees” It’s the silent suck on the wallets that get you. Everyone budgets for food, shelter, but very little attention is paid to the dailies, the subs, the fees, the lattes.

I call it Rent-seeking, of which, subscription fees are just a part. The biggest issue here is that the "meta" of capitalism has turned to toll booths and rent collection. This is why people say that American capitalism is turning into neo-feudalism, the people making the money are not the people producing things of value, its the landlords, asset holders, and tech companies that can continuously tax the peasantry.

Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?

#20
post #8

This US is a big place, I don’t think it’s accurate to start an article with “traveling accross America” when you only drove around the DC area, one part of Maryland, NYC, and small part of South FL.

US didn’t have many large prosperous cities in the west or most of the south until very recently. Railroads and AC really changed where people lived in America.

https://1940census.com/Img/1940_census_map_usa.jpg vs zoom in a little here: https://maps.geo.census.gov/ddmv/map.html

LA and New Orleans should have made the list, after that it’s more questionable.

Post reply on HN