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> Keep everyone distracted over things that don’t ultimately matter while a very small segment of the society essentially plunders and loots the wealth and alre
by marcusverus 3y ago
> Keep everyone distracted over things that don’t ultimately matter while a very small segment of the society essentially plunders and loots the wealth and already asset owning and well connected part of society keeps owning bigger and bigger share of the pie.
I buy a house. The government pegs interest rates near zero. I realize I can buy a much more expensive house for a similar monthly payment. I buy a more expensive house. Millions of others respond to the same incentives. Prices rise. Somewhere a leftist sheiks, "stop plundering me bro!"
> Upward mobility is dead and with it the whole “American dream” or “Canadian Dream” or “immigrant dream”.
This is nonsense. The home ownership rate is above the historical average and trending up.[0] Median household income is up ~50% since 1970.[1] The only possible way to argue that the 'American dream' is dead is to cherry pick data and/or hot-swap the actual American dream (of building a reasonably prosperous, middle-class life for yourself and your family) for some handwavy progressive analog.
[0] https://fred.stlouisfed.org/series/RHORUSQ156N https://fred.stlouisfed.org/series/RHORUSQ156N
[1] https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/ https://www.pewresearch.org/social-trends/2020/01/09/trends-...