3 ms·
The problem is the "pulling up the ladder" phenomena which seems to plague the US. My ancestors were allowed to come here and that was good but it would be bet
by georgeecollins 2y ago
The problem is the "pulling up the ladder" phenomena which seems to plague the US. My ancestors were allowed to come here and that was good but it would be better for me today if we stopped letting people come to the US. My house was affordable for me but it would be better for my wealth if housing in my neighborhood became unaffordable. In California Prop 13 limits taxes of long time property holders and businesses at the expense of new entrants.
That thinking works if you don't feel any obligation to the future or society, which has been the direction of US consumer / libertarian culture for decades. The impacts are obvious. The public school I went to now has to bus students in from different neighborhoods because the housing is so expensive few young families can afford to live their. It's become for wealthy people aging in place and people all over the US and the world investing in real estate.
It's also a culture of fear, for the young and the old. People are scared and they worry, but they are blind to how much they really have. For the young they worry about not being able to afford a car and a house in their thirties. This was never really possible for everyone, and when it was the houses and the cars were so much less than we would consider normal today. It's a feeling that the present that you know well isn't as good as a rose colored past.