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It would be nice to live in a world where not everything is so complicated. You work so hard, finally build up some savings, only to realise the government doe

It would be nice to live in a world where not everything is so complicated. You work so hard, finally build up some savings, only to realise the government doesn't want to explicitly tax wealth so they do so covertly by printing extra money. Not only that, but in order to stimulate the economy they've been forcefully keeping the interest rates as low as possible for over a decade forcing the house prices through the roof. So if you decided buying a house was too risky because getting a high mortgage would expose you to too much leverage, you missed out on the wealth shift to real estate owners that low interest rate created as a side effect. Yet even though on paper a lot of the house owners are now more wealthy, they are at risk of losing a lot of money if the interest rates go up more. The house you bought for 800k might be worth a lot less in a few years, or maybe not. Now I don't know if things would be better without all the monetary games, but they for sure would be simpler.

tommychillfiger 3y ago
God I totally agree with this sentiment. I'm certainly not expert enough to know if we're better or worse off with all of these ridiculous financial instruments, but it sure seems like a bunch of bullshit designed to fleece people. It feels like money and value have been separated, if that makes sense. A lot of this stuff really just feels like it's designed specifically to create a gradient of information so that those in the know can make money off those who aren't. A lot of it also just feels like ridiculous betting to me which feels wrong given the stakes. Useless hand waving comment here, but I agree generally that it just feels way too difficult and complicated to work hard at an honest job and pay for a decent life. And I have it way better than most. Can't imagine what the hell I'd be doing right now if I was still a sound guy or barista.

tommychillfiger 3y ago

God I totally agree with this sentiment. I'm certainly not expert enough to know if we're better or worse off with all of these ridiculous financial instruments, but it sure seems like a bunch of bullshit designed to fleece people. It feels like money and value have been separated, if that makes sense. A lot of this stuff really just feels like it's designed specifically to create a gradient of information so that those in the know can make money off those who aren't. A lot of it also just feels like ridiculous betting to me which feels wrong given the stakes. Useless hand waving comment here, but I agree generally that it just feels way too difficult and complicated to work hard at an honest job and pay for a decent life. And I have it way better than most. Can't imagine what the hell I'd be doing right now if I was still a sound guy or barista.