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you all best buckle up, because it's gonna get a lot worse
Credit is doing a lot of heavy lifting. If credit seizes up, then it all falls apart. That's why interest rates have been held low for so long.
Also nothing new, they did a big news report in Reno like 20 years ago and cost of living was about double what the average income was for the city. You had a two income family or roommates, or live at home.
People have bee saying this for a while now.... this isn't news anymore. Why is he still alive?
60% is a majority, right? The article was working really hard to downplay it. “The bottom 60%” that’s more than half the country… social unrest will be the least of their worries
Check with the IRS! Someone call Bill Nye to confirm. How can this be true?! 😂😂
It is almost like we are being scammed.
Of course, a true kingdom requires impoverished serfs. Welcome to techno-feudalism.
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America was a great experiment in maxing out capitalism and rugged individualism. Now all other countries know how it will end and to oust any politician even hinting at doing the same.
America and the UK, together they show the world what not to do. Conservatism and oligarchs are poisons that kill civilizations.
I really think we need a sublemmy dedicated to specifically tracking the high stakes competition between the US and UK to spectacularly faceplant in the stupidest possible fashion.
It is a very close competition so far and there have been a lot of upsets in the sense that it has made us all upset that the world is burning.
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I like your optimism, but sadly I cannot share it..
That’s because we haven’t cut taxes for the rich quiiiite enough yet
Those trickle down economics, I'm still waiting on them since the fucker beat Decocus.
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But you have millionaires who play kids games on tv and billionaire celebrities made famous by their looks or money, that go on to play government in real life in all your major political offices. Multi millionaire actors and starving paramedics. What an advanced society.
I have been saying this for a while. It seems like a really bad idea to push the most armed populous on the planet to the breaking point. One day the shooting is going start and it isn't going to stop.
Theyve been getting away wiith it for so long i'm sure they don't think anything will ever happen
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Looks like it's time to eat the rich.
They have too much power and resources now. We aren't going to get a better quality of life through peaceful means.
We need magats to get angry. They’re the reason why this shit show is still going on.
There's a relatively nonviolent solution America can do, but it would be complex to organize. Stop. Anyone that can stop working for even a day, or a week. Just pick a starting point and stop working, buying, consuming. They can't fire everyone.
I’d love to see it but I think they could outlast us and would love at the chance to buy up failing small businesses and property during that time.
But the whole point of that time is to actually change stuff, so they wouldn't make nearly as much profit, and maybe not even get to keep it.
It would be like buying a car that's cheap because it's on fire. They need us but we don't need them.
I agree. Only 5% at most would follow through, and most of that 5% are non-vital employees, you don't even have a union culture to organise this, and the best the democrats have done is stay silent.
Again, I agree, this would work if we organise it.
By design, I'm sure. Can't have those poors even thinking about saving money.
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Stock market gambling games and communism for the billionaires.
Social darwinist, survival of the fittest, ruthless exploitative capitalism for the poors.
No shit….
They can't afford bread?
Let them eat cake.
Which country has the highest millionaires in the world?
The U.S
IMO gini coefficient is more comprehensive. Some millionaires like doctors actually earned it. But you can't become a billionaire without being a parasite.
I have friends in their 30s who were surprised about maxing out their IRA because where are they going to get an extra $6k?
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this post was submitted on 13 May 2025
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