4 ms·
Probably because income inequality is at an all time high in the USA. When 1% of the population has +60% of all wealth.... What's gumming up the works are the
by Tool_of_Society 4y ago
Probably because income inequality is at an all time high in the USA. When 1% of the population has +60% of all wealth....
What's gumming up the works are the billionaires who have more money than whole countries using that power to get favorable laws and treatment. Once you reach a certain level of money you can just print more basically by manipulating the systems in place.
- zeroonetwothree 4y agoThere's not a fixed amount of goods in the world. Middle class people today are far wealthier than they were 100 years ago.
- bitcurious 4y agoThere’s a fixed amount of real estate however. Rent and housing prices have doubled over the past few years in my market of interest. the wealthy have been buying up second and third homes, landlords have been outsourcing collusion to black box ML models, mega-investors have been gobbling up land, housing starts have been trending down while the population has been growing. I can't sleep on in a macbook.
- azemetre 4y agoI always hated the arguments you're replying to. As if owning electronics, gadgets, or other plastic trinkets is akin to living a life where you don't have to constantly worry about housing, healthcare, retirement, or education and every little thing that can cause your path to come crashing down (getting in a car crash could potentially mean losing your job, losing your job equating to losing health insurance, etc). I just have to assume people espousing things are divorced from reality, because how else can you equate a poor person owning a microwave to societal success?