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You may be getting richer in dollar denominated value, and you may even be getting richer in purchasing power for assets right now, but if asset prices (say hou

You may be getting richer in dollar denominated value, and you may even be getting richer in purchasing power for assets right now, but if asset prices (say housing) are increasing 10%-15% year on year can you maintain that 'getting richer'? Also from the sounds of it, and the fact you are both on HN and doing well in the market right now, implies you are in a pretty good position, compared to the general population. To answer your question more directly, the market is doing well because both the metrics and mechanics of markets are heavily heavily gamed. The 1 trillion dollars that is being added to the US debt is going _somewhere_. You happen to be getting a piece of it which you think is great (understandably), but you can be assured that there are many people above you in the chain getting much bigger pieces, and people lower in the chain getting less and less. A dog hanging around the table of warlords will be a lot better fed than the dogs whos owners just got their harvest taken from them.

2OEH8eoCRo0 3y ago
> you can be assured that there are many people above you in the chain getting much bigger pieces This bothers a lot of people but it doesn't bother me. I see it so often that it feels like a flamebait tactic to elicit envy.
- silverquiet 3y ago
  Are there any wealth redistribution efforts that bother you? Like perhaps student debt forgiveness? Or welfare for single mothers?
  - 2OEH8eoCRo0 3y ago
    None of the "wealth redistribution" efforts that are in effect bother me.
- justonenote 3y ago
  What about the people further down the chain getting less and less? Presumably that doesn't bother you either. It seems like you weren't really asking an objective question of 'why this is happening' but rather a subjective one of 'why should I care, I'm doing fine' It's a valid question, why should you care, if you are doing well in this moment. I can't answer it for you.
- EchoChamberMan 3y ago
  "Why don't other people care about my safety," and "Why should I care about other peoples' safety," are your questions. The second one answers the first. You can't have both - either you're part of a community, or you're on your own.

2OEH8eoCRo0 3y ago

> you can be assured that there are many people above you in the chain getting much bigger pieces This bothers a lot of people but it doesn't bother me. I see it so often that it feels like a flamebait tactic to elicit envy.

silverquiet 3y ago
Are there any wealth redistribution efforts that bother you? Like perhaps student debt forgiveness? Or welfare for single mothers?
- 2OEH8eoCRo0 3y ago
  None of the "wealth redistribution" efforts that are in effect bother me.
justonenote 3y ago
What about the people further down the chain getting less and less? Presumably that doesn't bother you either. It seems like you weren't really asking an objective question of 'why this is happening' but rather a subjective one of 'why should I care, I'm doing fine' It's a valid question, why should you care, if you are doing well in this moment. I can't answer it for you.
EchoChamberMan 3y ago
"Why don't other people care about my safety," and "Why should I care about other peoples' safety," are your questions. The second one answers the first. You can't have both - either you're part of a community, or you're on your own.