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Aug 11 2020 07:54am
You solve partially this social fracture by crushing owners with massive, specific (ie: per unit), taxes and by delivering alot of state housing... All that with laws protecting tenants ofc.
Almost forgot: interest rate free loans in certain conditions.

This post was edited by Saucisson6000 on Aug 11 2020 07:56am
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Aug 11 2020 08:49am
Quote (Thor123422 @ Aug 11 2020 12:18am)
If more people did this the economy would grind to a halt. We've built our model on cheap credit, not savings. There's no incentive to save at any level of the economy for this reason.


What is your prediction than for retirement time for millennial and gen Z? If there's no incentives to save are they just expecting to drop dead after their career or never stop working?

Quote (Plaguefear @ Aug 11 2020 02:30am)
In australia we passed laws preventing evictions due to covid and gave assistance.

6 months of income for me + my partner is $140,000, having that sitting in a bank would be costing me a fortune with the current garbage interest rates.


If you cant survive for a year or more with no income after earning that much you have increased your lifestyle or personally leveraged yourself beyond your means. Wealth builds wealth but it doesn't mean every dollar gets leveraged x5 and personally backed.

Having adequate living costs is just that, living. It does not mean you're keeping 6 months of mortgage payments for the 9 properties you own sitting in a savings account.

This post was edited by SBD on Aug 11 2020 08:53am
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Aug 11 2020 08:51am
Quote (SBD @ Aug 11 2020 10:49am)
What is your prediction than for retirement time for millennial and gen Z? If there's no incentives to save are they just expecting to drop dead after their career or never stop working?


I will work until I'm a corpse.
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Aug 11 2020 09:00am
Quote (Skinned @ Aug 11 2020 08:51am)
I will work until I'm a corpse.


Because you enjoy working or for financial reasons?
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Aug 11 2020 09:05am
The one and only problem is the inflation of housing prices which has gone completely unregulated.
Prices of basic necessities should never be left at the whims of the free market.
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Aug 11 2020 09:07am
Quote (SBD @ Aug 11 2020 09:49am)
What is your prediction than for retirement time for millennial and gen Z? If there's no incentives to save are they just expecting to drop dead after their career or never stop working?


That is what the people with power would like. Why do you think Republicans are constantly trying to destroy social security and medicare/medicaid?
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Aug 11 2020 09:13am
Quote (Thor123422 @ Aug 11 2020 11:07am)
That is what the people with power would like. Why do you think Republicans are constantly trying to destroy social security and medicare/medicaid?


Republicans for the most part want a sustainable system that will be around for our kids, grand kids, etc, while democrats make a mountain out of a mole hill out of every current or short term problem buckling the next generations with insurmountable debt. The people that want to reform social security or healthcare want to do so because it's not sustainable and they're concerned for future generations while scumbags distort that noble objective and spin it to mean that republicans don't care for xyz group or they want to kill this group.
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Aug 11 2020 09:16am
Quote (ofthevoid @ Aug 11 2020 10:13am)
Republicans for the most part want a sustainable system that will be around for our kids, grand kids, etc, while democrats make a mountain out of a mole hill out of every current or short term problem buckling the next generations with insurmountable debt. The people that want to reform social security or healthcare want to do so because it's not sustainable and they're concerned for future generations while scumbags distort that noble objective and spin it to mean that republicans don't care for xyz group or they want to kill this group.


How wonderfully naive.

I'll believe they want reform of social security and healthcare when they actually propose working solutions. Until then they're just trying to gut it without a replacement.

This post was edited by Thor123422 on Aug 11 2020 09:32am
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Aug 11 2020 09:21am
Quote (SBD @ Aug 11 2020 11:00am)
Because you enjoy working or for financial reasons?


Not sure if the word is enjoy, but I'm very driven and need the structure. My work habits would be different if I just had to take care of myself as well but I have a family and am paying for my compound.
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Aug 11 2020 09:33am
Quote (Thor123422 @ Aug 11 2020 11:16am)
How wonderfully naive.


Nah. I'm a conservative and that's something i'm thinking about. I just had a daughter and all the cash gifts we got for her i invested it for her. I see the trend we're going into and it's a shitty one. It hasn't started now but the rate of change exploded with Covid. The USD dropped 9% since march. So pretty much anyone holding cash as savings (which many people do) just lost close to 10% of their purchasing power. That's a huge fleecing and the trend will continue.

Rich people know to store wealth in something other than the dollar, hence the market, real estate & gold exploding higher meanwhile the working poor and middle class who don't know any better are seeing their savings curb stomped. By hey, continue to cry that anyone and everyone deserves free everything while we're on our way to becoming Venezuela-lite. All it's going to take is for China to start dumping our sovereign debt, and that's a real possibility with our increasingly aggressive posture towards them and all the people who worked for decades and responsibly saved will be destroyed.

This post was edited by ofthevoid on Aug 11 2020 09:37am
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