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GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

finance.yahoo.com

111–116 of 116 posts

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#111
post #95

Earlier quoted context omitted.

Both depend heavily on immigrants, however, both for staffing and in the case of education for the students paying full-price tuition and effectively subsidizing everyone else.

Immigration has only made it more expensive, as shown by the increase in both price and immigration.

That’s far from clear. For example, healthcare costs have risen sharply but you’d need to demonstrate that hiring foreign workers contributed to that rather than simply being a reaction to the unsustainable costs.

Similarly, in education if it was just a few prestige schools it’d be easy to believe that Harvard and Yale were hiking their base rates to exploit international students while finding credits for some of the others, but the trend is across the board even at less prestigious state schools and I’d want to see data that it’s not better explained by other factors like schools maximizing revenue from student aid.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#112
post #72

Earlier quoted context omitted.

Since 1971. The world economic system became what I term financialism, where money is simply a debt instrument. The Treasury issues a debt note, in exchange for which they receive Fed Notes, and that debt obligation becomes the backing for more loans issued by the Fed to member banks. The Fed Notes handed to banks are then loaned too. Thus, debts in a single sector (if large enough) can crash the entire system. The i…

I disagree with the statement that politicians are averse to short term pain or even long term pain. Trump certainly doesn't seem to mind. Pain doesn't buy anything, by the way.

The pain doesn't buy anything but the requisite costs of raising rates and/or cutting spending enough to allow debt pay-down would cause pain. Pain enough to sacrifice legacy, pain enough to sacrifice re-election, and pain enough to hurt lobbyists offering up that sweet lucre.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#113
post #111

Earlier quoted context omitted.

Immigration has only made it more expensive, as shown by the increase in both price and immigration.

That’s far from clear. For example, healthcare costs have risen sharply but you’d need to demonstrate that hiring foreign workers contributed to that rather than simply being a reaction to the unsustainable costs. Similarly, in education if it was just a few prestige schools it’d be easy to believe that Harvard and Yale were hiking their base rates to exploit international students while finding credits for some of t…

Wherever there has been mass migration huge inflation has followed. If reverse migration was implemented inflation would lessen and quality of life would dramatically improve.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#114
post #18
post #15

Earlier quoted context omitted.

What have you done yourself here about it? For myself, nothing.

Oh get the fuck out with that. Not writing disingenuous feelgood bullshit, pretending that I work for some kind of greater good, while actually I'm pushing my own company, and trying to shift burden onto the "young digital natives". For a start.

> Oh get the fuck out with that.

Hey, learn how to have a nice discussion first then you can tell us about your morale compass.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#115
post #111

Earlier quoted context omitted.

That’s far from clear. For example, healthcare costs have risen sharply but you’d need to demonstrate that hiring foreign workers contributed to that rather than simply being a reaction to the unsustainable costs. Similarly, in education if it was just a few prestige schools it’d be easy to believe that Harvard and Yale were hiking their base rates to exploit international students while finding credits for some of t…

Wherever there has been mass migration huge inflation has followed. If reverse migration was implemented inflation would lessen and quality of life would dramatically improve.

Do you have a citation for that?

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#116
post #41

Earlier quoted context omitted.

I don't know about the United States of America, but in my country it's very common to do volunteer work.

> I don't know about the United States of America, but in my country it's very common to do volunteer work. Your business plan for America: 1. Live in an unknown country Z that's not the US, about which you don't know much. 2. Do volunteer work in Z, consisting of doing highly unknown stuff X for a secret number of minutes per year Y. 3. ... 4. Imply unknown profits for Z 5. The US implements a copy of the unknown vo…

What exactly is your problem? You could just ask, if you're genuinely curious.
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