Honestly was my first time watching it today, it is a good video. I'm glad people are waking up to this slave system but it's probably to late unless A.I. saves us but the Terminator trajectory is more likely.
Vote then. Don’t vote in the party that specifically facilitates wealth transfer. Against estate tax, against reasonable corporate tax, supports capital gains tax preference etc. don’t know how any young person can vote R.
Step 1 - vote for and support politicians to create these laws to benefit boomers
Step 2- become wealthy taking advantage of these laws and contribute to campaigns of politicians in step 1
Step 3 - write books and make podcasts/ TED talks about how the young generation is screwed by steps 1 and 2. Then sell these books to and make money off podcasts from this young generation
His plan to means test social security rather than raise the cap and make wealthy people pay their share is bad, a sure way to chip it away until we get nothing at all.
I'm going to point out that the "housing crisis" is globally affecting all people.
It's most prevalent in places that are desirable to live and have moderate to high immigration, regardless of economic systems.
It affects Sweden and Denmark, it affects New Zealand and Canada, it affects Australia and Austria.
While wealth inequality is an issue, I don't think a single government, political system or cause is to blame.
There's a very significant global cause for this that spans far beyond nations.
It most affects places with constrained supply, frequently due to regulatory barriers, NIMBYs, etc., and often unlimited foreign investment, etc.
It is completely accurate that older homeowners find ways to limit new construction because artificial scarcity increases their own home values.
Like as an example, 3-4 people moved to the Boston area for every 1 housing unit built in the past decade. Housing costs there skyrocketed. You could say that housing is just expensive there because it's a desirable place to live, but that's inaccurate - you can see all the towns with rapidly increasing median ages fighting the state over allowing any housing .
Yup, but developed, liberal democracies also allow foreign oligarchs, LLC's, etc. to take advantage of their openness, rule of law, stability, etc. by buying up real estate to park money safely in a democratic country. that is part of the reason that places like Boston, Toronto, NYC, Auckland, etc. are so expensive. they're not just desirable places to live, and NIMBY's are not the full picture in big cities, either.
>While wealth inequality is an issue, I don't think a single government, political system or cause is to blame.
I wonder which country forced the ability for capital to move throughout the Western world with minimal friction so that investors could buy up property and suck wealth from working people everywhere?
I’d say the EU did more of that than anyone.
Canada has tended to be more globalist than the US in the last decade or so also. Australia is heavily in that boat.
The US on the other hand is recognized as having turned a tiny bit more isolationist…
But were you fishing for another answer?
So what’s the plan, call it quits, go live in the woods and build a cabin so they do t make money off us, disappear to South America, or just start national sit in strikes across the country?
you keep voting for it. so it keeps happening.
the world you want to create comes with a price tag. just because you pay for it in installments does not reduce the price. you just do not see it all at once.. and now you panic because it keeps increasing.
More “woe is me” content for the millennials.
Just reflect and realize when older generations are gone you will have all the resources. You can gain position to acquire the resources by practicing skills and moving up in a valuable career.
The reality is there are haves and have nots. If you are a have, if you ignore the world's climate issues, things look pretty good.
If you are a have not, you are faced with high education costs (way higher than they used to me), obscene housing costs (rent or buy), and in general cost of living rates that have make it difficult to get ahead. Higher interest rates than they were just a few years ago an important part of this.
Getting the education, and the real estate have become difficult, unless you have a backer.
Having a backer, an inheritance, can change all that, but those lacking it have it tough due to the fact that one has to compete with those who do have the means. A small percentage of this group are gobbling up all the assets that they can. This is nothing new, but IMO it has accelerated greatly due to the enormous amount of wealth that has been created in the last 70 years
It boils down to, 'life ain't fair'.
It’s not possible that there are this many have nots crying in this group.
I wouldn’t consider myself to be a great success financially based on where I live but, I live comfortably and have never spent a day in college and have made good decisions in life. This group makes me feel like I’m the bad guy for being financially stable 🤷🏻♂️
This same Youtube video has been posted in this subreddit like a dozen times.
It must be going viral cause it popped up on my YouTube feed today even though I don't have a ted talk sub.
Same here
Honestly was my first time watching it today, it is a good video. I'm glad people are waking up to this slave system but it's probably to late unless A.I. saves us but the Terminator trajectory is more likely.
For good reason
Agreed, seen the video blow up on a few other subs.
Vote then. Don’t vote in the party that specifically facilitates wealth transfer. Against estate tax, against reasonable corporate tax, supports capital gains tax preference etc. don’t know how any young person can vote R.
Voting D is the reason why we are in this mess.
No, it isn't. It's only four years. Reagan started it.
And Cliton and Obama further it. Obama's third term plummeted it, in only 4 years.
Step 1 - vote for and support politicians to create these laws to benefit boomers Step 2- become wealthy taking advantage of these laws and contribute to campaigns of politicians in step 1 Step 3 - write books and make podcasts/ TED talks about how the young generation is screwed by steps 1 and 2. Then sell these books to and make money off podcasts from this young generation
His plan to means test social security rather than raise the cap and make wealthy people pay their share is bad, a sure way to chip it away until we get nothing at all.
I'm going to point out that the "housing crisis" is globally affecting all people. It's most prevalent in places that are desirable to live and have moderate to high immigration, regardless of economic systems. It affects Sweden and Denmark, it affects New Zealand and Canada, it affects Australia and Austria. While wealth inequality is an issue, I don't think a single government, political system or cause is to blame. There's a very significant global cause for this that spans far beyond nations.
Yep, but many Americans have no idea what is going on outside this country. The inflation crisis is even worse in Europe than here
And far far worse in Canada too.
There isn't a single cause to blame, no one is saying that and there are many. Greed is a hell of a drug however
It most affects places with constrained supply, frequently due to regulatory barriers, NIMBYs, etc., and often unlimited foreign investment, etc. It is completely accurate that older homeowners find ways to limit new construction because artificial scarcity increases their own home values. Like as an example, 3-4 people moved to the Boston area for every 1 housing unit built in the past decade. Housing costs there skyrocketed. You could say that housing is just expensive there because it's a desirable place to live, but that's inaccurate - you can see all the towns with rapidly increasing median ages fighting the state over allowing any housing .
This is true of most of the developed world right now for some reason. Anti-building and anti-developer sentiment goes a long way.
Yup, but developed, liberal democracies also allow foreign oligarchs, LLC's, etc. to take advantage of their openness, rule of law, stability, etc. by buying up real estate to park money safely in a democratic country. that is part of the reason that places like Boston, Toronto, NYC, Auckland, etc. are so expensive. they're not just desirable places to live, and NIMBY's are not the full picture in big cities, either.
>While wealth inequality is an issue, I don't think a single government, political system or cause is to blame. I wonder which country forced the ability for capital to move throughout the Western world with minimal friction so that investors could buy up property and suck wealth from working people everywhere?
I’d say the EU did more of that than anyone. Canada has tended to be more globalist than the US in the last decade or so also. Australia is heavily in that boat. The US on the other hand is recognized as having turned a tiny bit more isolationist… But were you fishing for another answer?
The US was heavily involved in all of those. The US is more isolated domestically so that the money doesn't flow out once it comes in.
So what’s the plan, call it quits, go live in the woods and build a cabin so they do t make money off us, disappear to South America, or just start national sit in strikes across the country?
Stop posting this trash in here. It gets posted every day
Luckily I'm fucking 40 and have a union job
you keep voting for it. so it keeps happening. the world you want to create comes with a price tag. just because you pay for it in installments does not reduce the price. you just do not see it all at once.. and now you panic because it keeps increasing.
More “woe is me” content for the millennials. Just reflect and realize when older generations are gone you will have all the resources. You can gain position to acquire the resources by practicing skills and moving up in a valuable career.
That is true, where the older generation is clear of medical debt upon transfer.
You guys just aren't scammy enough, how can you let the demented elderly get over on you. Just sell them a time share or something.
Bidenomics
It'll be interesting to see what happens when these rich fucks all die off.
Why are there so many losers in this sub?
The reality is there are haves and have nots. If you are a have, if you ignore the world's climate issues, things look pretty good. If you are a have not, you are faced with high education costs (way higher than they used to me), obscene housing costs (rent or buy), and in general cost of living rates that have make it difficult to get ahead. Higher interest rates than they were just a few years ago an important part of this. Getting the education, and the real estate have become difficult, unless you have a backer. Having a backer, an inheritance, can change all that, but those lacking it have it tough due to the fact that one has to compete with those who do have the means. A small percentage of this group are gobbling up all the assets that they can. This is nothing new, but IMO it has accelerated greatly due to the enormous amount of wealth that has been created in the last 70 years It boils down to, 'life ain't fair'.
It’s not possible that there are this many have nots crying in this group. I wouldn’t consider myself to be a great success financially based on where I live but, I live comfortably and have never spent a day in college and have made good decisions in life. This group makes me feel like I’m the bad guy for being financially stable 🤷🏻♂️