Ted, there is limited competition as the companies are beyond enormous.
Tell me this. If you buy all of the rental properties, who sets the market price? No kidding the market value of employees goes down! I’m for free enterprise but let’s call a damn spade a spade. Globalization, to the extent that it’s gone, is going to continue to erode the lower and middle class. That honestly isn’t even a debate, it’s happening that’s why the young cats are turning to socialists and communists. I agree with free market, but not to globalization to the extent that it eats away your nation. At that point, what is the actual point?
@GreyBeardedOne@CynicalPublius Agree with you. What I mean by refinance is if they can drive those bond rates down they can kick the can down the road a bit further to buy time. Ultimately I think what you’re stating is the end result.
Yeah fair point man. That scares me as well. Ultimately we need to find a middle ground where capitalism can thrive, but have some sort of boundaries. Those boundaries should be treating your employees well, giving adequate benefits, raises, and customer service if you’re providing a product or service. I’m extremely tired, as a business owner myself, hearing that America is a free business market so businesses have 100% autonomy to treat their employees like shit. This is far more prevalent in the IPO’d company space where they focus solely on metrics. It reminds me a lot of my time in the military. You’re a social security number, not a name. If 4521 dies, they just pull up 9421 as a replacement.
Working at a global powerhouse corporation for many years I learned from my non American coworkers just how poor our benefits are in this nation compared to other modern western countries benefits.
I’m aware of that and run a charity specifically to help seniors!! It’s been eye opening. My statement is more around the voting correlated to a generation, not discounting those who are struggling. Ultimately, I just think we need to fix the problem. It’s on the people to demand our politicians are accountable for our spending and financial security in the future.
@DillonS05248300@CynicalPublius Income is becoming far less relevant when true inflation is 8-10%+ year over year. And not the inflation metrics they give us, the actual ones everyone feels every day.
@Stenogabue@CynicalPublius Thinking this was directed at an individual person is your first mistake. I respect what you do and the fact you’re still working. I wish you well
You’re ultimately missing my point. My point is that none of what you just stated makes it right. It doesn’t mean you aren’t owed your Social Security or didn’t do what you were suppose to be being a top contributor to the nation. It means that young’s are pissed about a 40 trillion dollar deficit, retirements hedged on a market bound for a collapse, and social security that we pay 7% of our pay matched by 7% employer contribution only to know it likely won’t be there when we retire. “Young’s” feel like we’re working and saving only to lose it all in the future. And stating “we all get wiped out” doesn’t make this any better nor acceptable.
And technically, unless you’re working, the young’s are indeed paying for you. The money you paid into SS paid for those of the past. It’s how it works
Yeah you’re spot on. I wish someone would grow an actual spine and stand up against this. I think at the very least we are due an explanation of our long term financial strategy as a nation. Because anybody with half a brain that is looking at our past and present can see this isn’t “working”. That’s why the young’s are getting so damn frustrated. Kicking the can down the road for 30+ years doesn’t mean that at some point there won’t be accountability. That is what me, who is a well of “young”, fears.
@JayElston2@CynicalPublius A lot of variables to get to that number but I know MANY in that category. Most past 10x and many past 20x. Back then they bought very modestly and fixed up as they went. The areas subsequently boomed since. 4x is still pretty darn good
@renaglebagel@CynicalPublius I agree with you, but we’re so far gone at this point that’s a hard question to answer. So many failures on so many fronts. All I know if our forefathers are rolling over in their graves seeing what these “somewhat modern” politicians did to their own constituents
@GreyBeardedOne@CynicalPublius I honestly agree with you. Feels a bit like a helpless scenario as our politicians continue down the same familiar paths. My opinion if monetary value deflation to refinance the debt. I think at this point the US Citizens should be demanding answers to understand the approach.
And they continue to do the same without telling us “why”. I truly believe they just are devaluing the dollar with inflation to the point that they think they can financing our loans to more reasonable rates. The problem with that is the path to get there leads to significant pain, which people are feeling now.
The Problem @GenocidalAgents is that people who are well off can not think past themselves. I agree with you fully. A true 5-10% inflation many years masked by skewed metrics. Meanwhile the average US Citizen barely gets a 1-3% annual raise per year. Industries where job posting don’t even allow US citizens to apply any more! And the old heads wonder why the young’s are frustrated.
@fracturedSOS@CynicalPublius Yeah I got it, just my mind likes to wander more than it should. And tbh instead of deleting my response I’ve been entertained, and even learned a little bit.
@ProtoRenai33201@CynicalPublius Another X economic and commerce expert who thinks we as a nation are in an exceptional spot and can preach about economics while 40 trillion is debt😂. You’re a pawn
@U_Got_Moxie@CynicalPublius Do you realize how silly it is to say you “live in the golden age” while the nation is 40 trillion in debt. Just because you ignore something for a long time doesn’t mean it isn’t there.