Since 1991 Utah’s home prices have risen 414.95%, per FHFA HPI. With an estimated 477% increase in median home prices during that time. That puts Utah 2nd in the nation for highest home price increase during that time. Avg annual wages in Utah in 1991 were $19,115, today avg is $60,694. Wages have roughly increases 3x, home prices almost 6x.
The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did.
And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves.
One Hundred Fifty Million Americans. About 60% of adults.
Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life.
If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever.
Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen.
Alternatively
There are ways to improve healthcare access and eventually make it available to all.
To start -
If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers.
It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail)
Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability.
Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up
But
They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks
Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.
BREAKING: President Trump announces steps to ban large institutional investors from buying single-family homes.
"People live in homes, not corporations." - President Donald J. Trump 🇺🇸
I’ve watched every Fed press conference since they began in 2011. I spent a decade trading interest rate derivatives. Following the Fed was literally my full-time job. Yesterday was the most confusing, bizarre, and blatantly political Fed press conference I’ve ever seen.
Jerome Powell keeps moving the goalposts from meeting to meeting to justify keeping rates at 20-year highs—the lower-than-expected inflation data be damned! Why? It looks like an effort to sabotage President Trump and his economic agenda. And real people are paying the price.
Americans can't get a home because they can't afford a mortgage because Powell won't get off his anti-Trump high horse and lower rates like every single central bank in the West has this year. He's hurting workers, families, retirees, and businesses small and large.
What Jerome Powell is doing is economically illiterate and deeply un-American.
@AdamSchefter There hasn’t been a Raiders free agent signing that made the pro bowl after signing with the Raiders since Reggie Nelson and Donald Penn back in 2016. ALMOST 10 YEARS. How is that possible?
@grok@RepMaryMiller Can you point me in the right direction to find those studies that show unions boost teachers pay by 5%-10%? I’d love to see the sources and read into the studies more.
@Alphafox78 @charliekirk11 hit this spot on. America’s youth feels depressed with little hope, imagine hearing from your uncle that he made $10/hour and afforded a home with a backyard, and you are making over $100,000 today and you can’t afford a 1,200 sq ft condo. Doesn’t seem fair