Thread

1. tamimio · 1790201235 · focus · HN ↗

   This is a reminder to the naive people who think things are getting worse financially because covid/immigrants/gas/AI/supplychain/[insert BS reason], and not just the 1% greed. Things got bad and living wages are not enough substantially after covid at the same time when billionaires are getting exponentially richer, and all above excuses up there are only to distract the public from this simple fact: your life is getting worse because someone way wealthier is stealing your money, and unfortunately legally too because who writes and approves these legislation and laws is part of the game.

   1. method_capital · 1790201520 · focus · HN ↗

      Ok, I'll bite. How are the "wealthier ... stealing [our] money"? We don't have to use doordash or claude code or aws or amazon or anything else. We get to choose. When it comes to paying for government, however, I don't believe we're allowed to "opt out". Maybe Mamdani will give us stores so great we'll be forced to shop at them!

      1. thrance · 1790202380 · focus · HN ↗

         > How are the "wealthier ... stealing [our] money"?

         Wages not catching up with inflation? Everything getting more expensive? The BBB giving massive tax cuts to the rich, while cutting government programs (which are a form of redistribution)?

         > We get to choose

         Up to a point, and it's naive to think that people are getting poorer only because of bad personal choices. The younger generations not being able to afford homes isn't because they're all bad with their finances. Treating housing as a speculation vehicle instead of an essential commodity is a political choice, and it was made by a political class completely permeated by moneyed interests.

         Look, you don't even need to know about the "how". The gini index is getting worse, billionaires are turning into trillionaires while public infrastructure and social services are crumbling. It's natural, and correct, to connect the dots.

         1. tokioyoyo · 1790203053 · focus · HN ↗

            > The younger generations aren't able to afford homes because they're all bad with their finances

            Home ownership of Gen Z is aligned with millennials’ home ownership at their time. I agree about the K shape economy stuff, but it’s a bit more tricky than “everyone is poor”.

            1. jackb4040 · 1790204261 · focus · HN ↗

               Millenials were in college during the Great Financial Crisis. They're not exactly an example of a generation whose aspirations were met.

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