The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
I think this is the worst part. Why "pull up by bootstraps" when the best you can hope is paying rent in a crappy apartment and a shallow life.
I wish this would open people up to the idea that massive govt spending just weakens the dollar even more. But you are right and you pretty much need a side gig or more today. Not sure what the solution is without something drastic that will hurt in the short term but be better in the long term.
Most of the people saying it also see no problem importing a limitless horde of workers from the Global South and think Miguel who crossed the border last week and mows their lawn every week is a "better American" than you.
The people saying it are usually the ones who made sure it doesn't fucking work anymore. They sold out a country and world where that worked for more hedonistic retirements.
the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
It’s better than sitting around blaming things like systemic racism or whatever trendy oppression is popular today.
People who do that aren't even trying. The rest of the population is up against the numbers of record inflation, a ballooning housing market, with strained inventory due to the aforementioned and higher populations, and decades-long wage stagnation contrasted with a widening wealth gap. That cost of everything is running away and wages are NOT keeping up. One can only pull on those boot straps so hard before they snap.
I don't know anyone who cries about "tEh sYstEM" but this economy is absolutely fucked. I know established professionals who are selling their toys and downgrading their wives into cheaper leases. They all see a bubble bursting soon and are battening down the hatches now. When the guys who are "tEh sYstEM" are tightening their belts, that isn't abstract, it's not hypothetical.
No arguments. Unfettered immigration and rising inflation has made it to where you pretty much have to have a side gig if not more besides your main job. I still live in an apartment. Inflation keeps rising but more money printing just makes it worse. Interesting how the dollar has been losing value ever since the federal reserve came to being. I think there will always be a wealth gap to some degree but I understand what you are saying. Working hard is never a bad thing but there are a lot of factors out there today working against us
"Taxes are to keep you from saving money. Inflation is for eroding the money you mange to keep. They're all tools for keeping us poor."
I didn't take it seriously, but it really does seem like that only way to save money while not being invested in this bullshit Boom/ Bust "economy" is to buy gold. You can't stash cash without it losing value quick, but gold is stable. And don't you fucking mention crypto or I'll build a Terminator to find you. "Wrong!" 😎
the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Not only prices are up but housing prices are disproportionately rising. I was shocked that the house I bought back in 2015 has doubled in price by 2018 and it keeps on increasing. As an idea, today I can't afford a house in my area and I make a decent amount of money.
I know a mortgage broker. He jokes that the only affordable way to buy a house is to pick the land you want and then burn down the house that's already on it. Now look at CA. Now look at Newscum gleeing that "speculators" are already making offers to buy up the burnt land.
The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I think this is the worst part. Why "pull up by bootstraps" when the best you can hope is paying rent in a crappy apartment and a shallow life.
I wish this would open people up to the idea that massive govt spending just weakens the dollar even more. But you are right and you pretty much need a side gig or more today. Not sure what the solution is without something drastic that will hurt in the short term but be better in the long term.
Unfortunately, something drastic might be the only thing that could pull us from this downward spiral course.
Most of the people saying it also see no problem importing a limitless horde of workers from the Global South and think Miguel who crossed the border last week and mows their lawn every week is a "better American" than you.
Yeah therein really lies the problem.
The people saying it are usually the ones who made sure it doesn't fucking work anymore. They sold out a country and world where that worked for more hedonistic retirements.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
He is referring to all the old people sucking welfare dollars down at their children's expense.
That's still not what's creating the situation of not being able to own a home.
Welfare doesn't cause year-over-year compounded losses.
People who do that aren't even trying. The rest of the population is up against the numbers of record inflation, a ballooning housing market, with strained inventory due to the aforementioned and higher populations, and decades-long wage stagnation contrasted with a widening wealth gap. That cost of everything is running away and wages are NOT keeping up. One can only pull on those boot straps so hard before they snap.
I don't know anyone who cries about "tEh sYstEM" but this economy is absolutely fucked. I know established professionals who are selling their toys and downgrading their wives into cheaper leases. They all see a bubble bursting soon and are battening down the hatches now. When the guys who are "tEh sYstEM" are tightening their belts, that isn't abstract, it's not hypothetical.
No arguments. Unfettered immigration and rising inflation has made it to where you pretty much have to have a side gig if not more besides your main job. I still live in an apartment. Inflation keeps rising but more money printing just makes it worse. Interesting how the dollar has been losing value ever since the federal reserve came to being. I think there will always be a wealth gap to some degree but I understand what you are saying. Working hard is never a bad thing but there are a lot of factors out there today working against us
"Taxes are to keep you from saving money. Inflation is for eroding the money you mange to keep. They're all tools for keeping us poor."
I didn't take it seriously, but it really does seem like that only way to save money while not being invested in this bullshit Boom/ Bust "economy" is to buy gold. You can't stash cash without it losing value quick, but gold is stable. And don't you fucking mention crypto or I'll build a Terminator to find you. "Wrong!" 😎
Buying,storing then selling it again is the problem with gold.
the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Not only prices are up but housing prices are disproportionately rising. I was shocked that the house I bought back in 2015 has doubled in price by 2018 and it keeps on increasing. As an idea, today I can't afford a house in my area and I make a decent amount of money.
I know a mortgage broker. He jokes that the only affordable way to buy a house is to pick the land you want and then burn down the house that's already on it. Now look at CA. Now look at Newscum gleeing that "speculators" are already making offers to buy up the burnt land.