There’s a widespread faith and believe in the idea that there’s opportunity in every corner, regardless of familial status or other shortcomings.
This belief is largely factual, as the vast majority of unicorn founders and billionaires come from an upper middle class uninteresting background.
I guess it depends on what opportunity means to you. Does it mean something that’s “likely” or “less than one in a thousand”? To me, a “one in a thousand” chance to strike it rich is not good enough to justify the immense suffering our economic system causes.
If someone has a good argument regarding x, it is not a good response to say “why are you defending x?” Just respond to the argument on its merit. You’re not adding anything useful to the conversation.
Too much influence, too much power over others, and way more than their share of... Everything.
All these fake trump bucks and investment plans are not for the children, they are for the investors that need the money in the market as another way to prop it up. The whole thing with Dell giving this money to these kids? Bullsht. He gave it to himself and to other investors. Nothing but a new kind of stock buyback plan.
Get ready to see poverty, and get ready to help each other. We are living through the 1920's again and it is crazy very few see it.
This. This will make all the difference, everything else is secondary.
In today’s media/social-media hellscape, how does one even begin to build a community? Every front page is filled with negativity, divisiveness.
I used to think preppers are nutjobs. As I grow old now, it feels more like they have a point
It's as much a state of mind as physical actions and good for you for starting to see the need and opportunities.
It fails through stagflation. There are lots of people speculating the US is doing that right now, but since their most recent inflation numbers are bad, nobody has the data to say it for sure.
Just increasing government debit isn't a problem by itself. It becomes a problem when that raising debit isn't making the economy grow.
ultimately we may be better off over the long term since the firehose of government money creates a lot of market distortions and inefficiencies.
You mean elite capture¹ of government resources. Government money has repeatedly shown to create a lot of wealth, but the government should be free from the oligarchy. The monopolist sponsored narratives don't match with the data.
This is not your battle alone, so don’t worry like it is.
I call this neoliberal fatalism where what they do is inevitable and resisting is useless.
The United States has ~$38,000,000,000,000 in debt which means a baby born in the US will get $1000 in Trump Bucks to invest in S&P 500 along with a $111,000 share of that debt with its $3,000 a year interest per person. Can someone explain to me how long this will be sustainable?
I'm a little sad that I'm not getting any free borrowed money in order to funnel it into $100M mountain properties. However, I'm trying to be objective. Given this situation what is the investment with the little bit of wealth that I have acquired? Do I need to worry about this not being sustainable and crashing?