41–50 of 116 posts
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.
Earlier quoted context omitted.
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…
There 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…
There 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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At the same time millionairs and billionairs are doing just great.
Houses and stocks got cheaper per ounce of gold last 20 years. But in terms of dollars they got way more expensive... inflation has been robbing us for more than 2 decades.
Capitalism
Still better than the alternatives
Free market Capitalism is dead in the USA, winners are getting picked. Coal over solar. Who knows, perhaps it's right, but I suspect not.
Earlier quoted context omitted.
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…
How can you be poorer than people earning less than you? Thats not how progressive tax works. Am I misunderstanding something or is UK that messed up or something?
CNBC 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…
Covid virus didn't make you poor, it was the government's response to it of shutting down large parts of the economy(and not others) plus printing endless money and dumping it on the market(mostly on rich people/businesses running on debt) distorting the market and creating hyper-inflation that wiped out your savings and wages.
Same with the war in Europe, they weren't forced to give up on cheap Russian gas that was the base of their economy, they voluntarily chose to do that to save Ukraine, with the obvious effect their prices would go up and standard of living would go down.
People need to start holding their elected governments accountable for their actions of putting too many thumbs, arms and legs on the economic scales that cause wealth transfer form the poor to the rich under the pretext of every crisis("never waste a good crisis"), and for the "let the peasants eat cake" response they get in return.
Earlier quoted context omitted.
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.”
I'm talking about couple of years ago, in the leadup to elections.
There 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.
Are there really more beggars and homeless in the EU compared to the US ? Admittedly, my anecdotal viewpoint is only that of a visitor, but having been to both, it seemed US cities had a far more severe problem.
The first time it was a bit of a shock to me - the US had this patina of glory that crumbled for me after my first visit.