71–80 of 147 posts
Been there. As one of the 20-something whose parents didn't help with the rent. Two consequences: - really tough discussions with some friends and acquaintances once I realised their parents heavily subsidized their way of life while they were putting the social persona of young working adult being independent and nagging me about when I was going to buy my first car or why I was always the one who made it through th…
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The people you think you want to hang around with in your 20s can seem really ridiculous when you're in your 40s and 50s, and I say that as someone who ran with some people in my 20s who most here would recognize immediately. Those who achieved these things received almost no parental assistance when we were in our 20s. Many of those who were subsidized have gone on to spectacularly mediocre careers. With regard to t…
To keep it polite and short, that's really not how the world works anymore. These days your (at least financial) success in life is very much correlated with the wealth of your parents. If you're from Sweden (as your username would indicate) you can take Stockholm as an example. My non-independent friend (and their parents) there are millionaires from housing appreciation and savings, while my independent friends are…
Yeah, I have friends who are millionaires. I have friends who are famous. (I don't have friends who are powerful... never ran in those circles...). All of my rich friends either inherited their money or won the DotCom lottery. All of my famous friends worked their butts of in obscurity for decades and then won the Celebrity lottery.
None of them are happier than me as far as I can tell. (And, yes, I can afford another pair of trousers, but who needs 3 pairs of trousers!?).
Been there. As one of the 20-something whose parents didn't help with the rent. Two consequences: - really tough discussions with some friends and acquaintances once I realised their parents heavily subsidized their way of life while they were putting the social persona of young working adult being independent and nagging me about when I was going to buy my first car or why I was always the one who made it through th…
"grimmer prospects in relationships (partly cost me the love of my life) " I'm sorry for that. I can sympathize slightly. Rich people really don't get it. Yeah. Me last week on the way to a strip club: 'Who's paying for this taxi? Are we going far? Do we have to pay to get in?' Fried (girl I ALMOST dated): 'Oh my god you're SO cheap, you're such a killjoy, just stop worrying about the money blah blah blah.' Yeah, I p…
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> basic income is actually just a continuation of the same inflationary alchemy It's no such thing; not remotely. BI isn't new money, it's simply a redistribution of money from those with more to those with less. It won't increase the money supply and thus doesn't cause inflation.
Yes and no. Say I'm a billionaire (I wish). I've got all this money. It's not going into food and rent. (OK, a tiny amount is going into food, but I can only eat three meals a day. And "rent" is more likely buying multi-million-dollar homes.) My money's in investments, maybe some luxuries. Now we go to BI. Now millions of what used to be my money are going to low-income people. They're spending it on food and rent. N…
Been there. As one of the 20-something whose parents didn't help with the rent. Two consequences: - really tough discussions with some friends and acquaintances once I realised their parents heavily subsidized their way of life while they were putting the social persona of young working adult being independent and nagging me about when I was going to buy my first car or why I was always the one who made it through th…
Seems like s/he's not actually the love of your life if s/he's willing to ditch you because of lack of money.
As a landlord of multiple properties in Boston I can confirm the parents pay the rent.
My wife and I are both engineers in our mid 30s, and owning a modest home with a 30 minute commute to the city can probably never happen. The amount of old money around here is staggering. I was raised in the midwest, and can't think of any communities back there where a two-engineer household couldn't live. So yeah it doesn't surprise me fresh liberal arts grads in Boston are getting help.
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The people you think you want to hang around with in your 20s can seem really ridiculous when you're in your 40s and 50s, and I say that as someone who ran with some people in my 20s who most here would recognize immediately. Those who achieved these things received almost no parental assistance when we were in our 20s. Many of those who were subsidized have gone on to spectacularly mediocre careers. With regard to t…
To keep it polite and short, that's really not how the world works anymore. These days your (at least financial) success in life is very much correlated with the wealth of your parents. If you're from Sweden (as your username would indicate) you can take Stockholm as an example. My non-independent friend (and their parents) there are millionaires from housing appreciation and savings, while my independent friends are…
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Translation: "It's not fair that you own property and I don't, and that I have to pay market rates. I want the government to force you to make me pay less, or seize more of what you earn." My rebuttal: Buy your own property if you don't like it, or move some place else.
You just made up a strawman and argued against it. It doesn't do anyone any good to imagine the dumbest reason someone might hold a particular opinion. If you must extrapolate someone's motivations, then try to come up with the most rational reason they might feel that way. It's still extrapolating, but will likely be much closer to the truth.
Earlier quoted context omitted.
To keep it polite and short, that's really not how the world works anymore. These days your (at least financial) success in life is very much correlated with the wealth of your parents. If you're from Sweden (as your username would indicate) you can take Stockholm as an example. My non-independent friend (and their parents) there are millionaires from housing appreciation and savings, while my independent friends are…
Your wealth has always been highly correlated with your parents' wealth. The fact that you think this is a new development makes it look like your worldview is really narrow. If anything the correlation has weakened significantly over time.
BUT: there has never been an easier time in history for someone to make money on their own.