Rent is too damn high.
GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
31–40 of 116 posts
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#32Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#33“The GoFundMe CEO hopes younger donors, who are often more values-driven, digitally native, and community-oriented, will push giving higher and faster.” I can’t believe it. THIS is what he hopes for ? He is not stating he hopes his country can get out of this mess? Or researching what his company can do? He’s just looking after his cut.
He hopes for what benefits him. Would you rather see him lie and say he hopes people wouldn’t use his platform to pay for groceries?
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#34There is a method for dealing with widespread inequality coinciding with generational wealth transfer, it’s called taxation. Tax transfers of wealth. It’s not complicated and doesn’t rely on the goodwill of ‘values-driven, digitally native, and community oriented’ young people. We have a system designed to incentivize greed. Gross inequality is the result. Taxation is one viable method to deal with such a failure mod…
It's a method, for sure, but not a fail-safe one nor the only one. There seems to be an active experiment going on in the UK right now.
Care to elaborate a bit on the UK comment, because it’s not clear what you mean or if you even live here?
The UK doesn’t tax the wealthy or their corporations either. Meanwhile high earners like myself are kept from even middle class aspirations by aggressive income tax.
All signs point to that income tax, specifically at my bracket, increasing in the next budget, leaving me ostensibly poorer than people earning less than me.
The whole system is broken because they refuse to tax the wealthy at an equivalent rate to the working class.
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#35By most metrics we're in a recession as many of our state economies are crashing due to the psychotic tariff policy and economic decisions by the current admin. Some places are temporarily avoiding the fallout because the ramifications of breaking our ability to manufacture and import stuff is going to take months to fully hit and the rest of our economy is propped up by AI psychosis.
With the job market being the shittiest I've seen and more ladders being kicked out than ever I think this crash will end up being possibly one of the most violent ones. We might see a return to the early 1900s era of union vs corporate violence as corporations have gotten more brazen than ever to try and stop any sort of concerted effort by labor.
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#36There is a method for dealing with widespread inequality coinciding with generational wealth transfer, it’s called taxation. Tax transfers of wealth. It’s not complicated and doesn’t rely on the goodwill of ‘values-driven, digitally native, and community oriented’ young people. We have a system designed to incentivize greed. Gross inequality is the result. Taxation is one viable method to deal with such a failure mod…
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Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#37There is a method for dealing with widespread inequality coinciding with generational wealth transfer, it’s called taxation. Tax transfers of wealth. It’s not complicated and doesn’t rely on the goodwill of ‘values-driven, digitally native, and community oriented’ young people. We have a system designed to incentivize greed. Gross inequality is the result. Taxation is one viable method to deal with such a failure mod…
This method has problems too. There are more beggars in EU than in other countries in my experience, overall is not doing well.
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#38“The GoFundMe CEO hopes younger donors, who are often more values-driven, digitally native, and community-oriented, will push giving higher and faster.” I can’t believe it. THIS is what he hopes for ? He is not stating he hopes his country can get out of this mess? Or researching what his company can do? He’s just looking after his cut.
He already did that back in 2021: https://eu.usatoday.com/story/opinion/voices/2021/02/11/gofu...
He might have given up on the country at this point.
Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#39Earlier quoted context omitted.
Just before elections the democrat/left US reporters were persuading me that US is doing fine on all metrics and that people's vibes are wrong. It was utterly bizzare seeing the podcasters and media just gaslight everyone that disagreed with "US is doing great" narrative.
All the metrics (except AI-related stock prices) are worse today than a year ago. Does the media acknowledge that? The leading cable channel and broadcast TV stations are Republican-controlled, so now they pretend “US is doing great.”
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Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries
#40CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.
No reason? Was it Covid, or the Ukraine war? The pandemic ground the gears, there was government help but I wonder what after-effects the flood of liquidity had, did too many people end up in the Ponzi schemes (Gamespot, trading cards, Bitcoin et al)? The war caused energy prices to go crazy, Europe needed gas and was willing to pay a premium, and the laws of supply and demand meant the price went up for everyone. I…
I dont think Covid or Russian invasion into Ukraine can explain price movements last two years. Covid happened years ago and Russian invasion started years ago.