• @[email protected]
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    1822 years ago

    The economy sure is doing well /s

    You cant afford a new house. You cant afford a new car. Healthcare costs are the single largest cause of bankrupcy and financial strain is the single largest cause of divorce. But at least the billionaires are thriving.

    • @[email protected]
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      722 years ago

      “Eat the rich” is honestly where we’re headed. And I don’t mean literally eat I mean TAKE THEIR WEALTH.

      Until billionaires are made illegal, and “real estate investment” (i.e. predatory price gouging on homes/apartments) is made illegal, everything is gonna continue getting more fucked. It’s too little too late though, greed has destroyed our planet. We’ve got front row seats to the downturn of human civilization.

      I’m stocking up on canned food, and I’ve never been the doomsday prepper type. Honestly I think we’re about to enter a protracted global depression that makes ‘08 look like a speedbump.

      • @[email protected]
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        2 years ago

        The immigrant crisis around the globe is also at a tipping point. Climate change and corporate greed have fucked many places in the world out of habitability.

        Immigrants aren’t going to stop coming because the alternative is a slow and miserable death or the threat of cartel governments. Now western countries don’t want to take care of them and don’t want to deal with them at all, because immigrants demand resources and we need all that money to hide in congress’ ratholes.

        Well if we hadn’t fucking destroyed the planet in the blink of an eye maybe they wouldn’t all need to come to europe. If we hadn’t waged this stupid fucking war on drugs then maybe south/central americans wouldn’t need to flee cartel zones for fear of their entire village being beheaded and dumped in a pit.

        America and Europe are only beginning to reap what we’ve sown over the last 50 years and we already want to throw in the towel.

        Shit is going to get far worse, everywhere, imminently.

        • @[email protected]
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          2 years ago

          Maybe it will get worse in the future, but what resources do immigrants require? They don’t need nannies or childcare or schooling…they just work, consume and pay taxes like everyone else. Has this ever been a problem for the US? Up to the 1930s, the US had an immigration of over 11% of population, the same as it’s been since the 2000s. https://www.migrationpolicy.org/programs/data-hub/charts/immigrant-population-over-time

          I won’t even mention the EU, we’re in demographic suicide here because raising kids people until they have a job and a house and stability is fucking expensive xP

      • @[email protected]
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        292 years ago

        '08 never actually ran its course. They kicked the can in the hopes they would be able to not have it actually bear its foul fruit.

        The derivates market is overleveraged, some entities over 30X. They are holding the hot potato and hoping it will cool off as they hold a blowtorch to it, as a manner of business.

      • CALIGVLA
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        72 years ago

        And I don’t mean literally eat I mean TAKE THEIR WEALTH.

        Why not both?

      • @[email protected]
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        2 years ago

        Literally eating a significant portion of them would probably lead to the most rapid cause-and-effect changes taking place though.

    • @[email protected]
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      72 years ago

      But at least the billionaires are thriving.

      If the loud ones (e.g. Elon) are any indication, I don’t really think this is true either.

      • @[email protected]
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        272 years ago

        Elon isnt doing badly because of the economy, hes doing badly because hes a moron. Most billionaires arent “struggling” to grow their wealth.

        • @[email protected]
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          62 years ago

          I agree with your point and also don’t really care how they’re handling having obscene wealth and untold power over everyone else, I just think it’s worth pointing out that giving these rich assholes exactly what they want doesn’t make them happier either. It’s a losing situation all around (though obviously more for people on the bottom).

    • @[email protected]
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      232 years ago

      Don’t forget they also made college unaffordable and made sure you can’t get rid of student loans in bankruptcy. Charming place this is.

      • @[email protected]
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        142 years ago

        Don’t forget they created derivates based on that debt, because they “learned” from '08 how home mortgage debt derivatives isn’t as safe as they thought.

        Good thing that non-dischargeable debt is nice and safe and won’t be wiped by government action, because that would make tiers of derivatives worthless and unwind multiples of the economy into a crater. That is why they fought against wiping student loan debts.

    • @[email protected]
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      2 years ago

      My Accord is old enough to vote and I’ll be driving it until it dies. Or until I do.

      • I'm Hiding 🇦🇺
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        72 years ago

        My car is old enough to have kids my age, but at least I’ll never have to take it to a mechanic. No computers means I can do everything from valve timing to gearbox rebuilds myself, and parts are dirt cheap because they’re being thrown out all the time.

      • @[email protected]
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        72 years ago

        I’ve always driven cars until they die…or in the case of my 2007 Accord a my son totals it. 😑 I do as much of my own work as possible too.

        I truly don’t get the point of getting a new car just to get a new car.

        • @[email protected]
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          22 years ago

          Not trying to tell you how to live your life, I totally understand the mentality, but for me it was a revolutionary jump in technology.

          From having to drive in stop and go traffic to just letting the car do it has been magical for me. I can now do a 6+ hour drive and no longer be absolutely wrecked at the end. Not that I do it often, but it’s usually for a family thing or a vacation, so both things that I kinda want to be cognisant for.

          That plus all the safety stuff like a backup camera, the beeping when getting close to stuff, etc. has made my driving life so much better

          There are few things that have changed my life overnight, but a (much, much) newer car with updated tech was totally one of them.

          • @[email protected]
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            22 years ago

            I guess for me it doesn’t matter. I work 100% from home and drive very, very little. I keep an SUV for hardware store trips and an occasional foray out for lunch (or family vacation). That’s still a 2015 Honda Pilot so not exactly new, lol. Wife drives a small Focus and my son has a Mazda3.

            Maybe if I was driving hours a day on the regular it would matter. Though honestly I’m not sure it would. It’s a method of transportation, not the latest smartphone. I may be in the minority with that.

            I will add, not sure it’s relevant, that I’m in the percentage that would have no problem purchasing a new car. Depending on the price-point I may even be able to pay cash. Again though, I don’t need brand-new vehicles.

            • @[email protected]
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              22 years ago

              Totally fair, cars are more and more like smartphones these days…with all the good and bad that comes with it!