News

Yeah, every time you see “the economy” mentioned in a news article, especialy business news, just replace it with “the 1%’s money” and it will make sense.

The rich are squeezing everything they can out of the 99.9%, and are the only ones that can afford to save.

That's not entirely accurate. The rich use a system to their benefit that was created by politicians and bankers to make bankers richer, and that gives politicians access to unlimited money. Surplus spending and inflation can squeeze everything out of the 99.9% just fine.

I love the verbal visualization;

A million seconds is 12 days. A billion seconds is 31 years. A trillion seconds is 31,688 years.

The thing is, these numbers are unfathomable to most people.

If you say, "government gave $30B in subsidies to car companies", most people will stare at you blankly and shrug...

But people will get really angry if they see a headline like, "man commits $5000 of welfare fraud", or "goverment spent $100 000 housing 5 refugee families" because those are real numbers to them.

Two economists are walking in a forest when they come across a pile of shit.

The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."

"That's not true", responded the second economist. "We increased the GDP by $200!"

I mean there's where inflation is coming in

The last part of your first paragraph is what I truly don't understand. If I pull a trash bike from the garbage pile and sell it to an idiot as a vintage bike and he pays me 50000 dollaroos for that, I just scammed that dude. The bike still belongs in the trash.

I don't see this changing until the housing supply exceeds the demand. At the rate we build, that's not happening any time soon.

The house isn't creating new wealth. The new wealth was created elsewhere in the system and used to pay for the house. The value of the house going up isn't the same thing. Now if you use the increased value of the house to back a second mortgage, that's when you're creating wealth. But you're doing it through the fractional reserve banking system, whose entire job is to create wealth by loaning out copies of money.

My God, that's right in line with the old royal weddings from the divine right age. Nobody should be that rich.

According to "AI", glue is is an acceptable pizza topping. Let's not confuse the ability to form sentences with the ability to reason or produce fact-checked information.

They need another zero. It's shockingly low in a conversation that includes billionaires but it's not working class America low.

The last decade?

My shopping cart is only half as full and costs more on average.

Video entertainment sources have become fragmented walled gardens riddled with commercials.

Niche internet sites millennials used to cite on their homework have fully disappeared; the web has for the most part been swallowed by corporate giants.

Local Events that used to be niche and cheap have steadily become overcrowded and commercial; Every sort of local market now sells the same mass produced guff

I have to use a lot more benefits and tricks like couponing to afford things i could previously just pay full price.

Every kind of medical professional i need seems to be overworked with a full agenda.

I get to work from home which is nice, it took a pandemic to happen and they tried to take it back after which is not so nice.

https://economics.dartmouth.edu/news/2023/09/people-their-20s-arent-supposed-be-unhappy

It's 53 dollars per person per month.

That seems like nothing in the US but it would be like pouring rocket fuel into the economy of a developing country. And that's the point. It's also about the knock on effects that aggregation of wealth causes, like political corruption. And the runaway inflation caused by the race to aggregate wealth.

Nobody is under the illusion that eliminating these fortunes would make them rich.

Lol what? Your ridiculous proposal is obviously not the only option.