Excellent explanation of the varied reasons why many young and not-so-young people are frustrated, even angry with their financial circumstances.
No wonder we're witnessing a growing appeal of socialism among the young in the US.
Its advocates simply do not regard socialism for what it is: a failed system of producing and allocating wealth.
Instead, they view it as a government reincarnation of Robin Hood: They want the government to snatch gobs of the astounding sums that have been amassed by ultra-wealthy and give it to them somehow, someway.
Today's youth simply do not appreciate the difference between Capitalism, Socialism, Communism and Fascism
The former is how wealth is created; the latter three are means by which it is distributed
Even socialists, fascists and communists have to engage in capitalism to produce wealth for their government apparatchiks to distribute. Briefly, no capital; no wealth
The easy shorthand: For anyone anywhere to produce wealth, four ingredients are necessary. They are Time, People, Material, Capital.
But the catalyst is a risk taker; that is, someone must assemble these prerequisites and use them to make something or some service that is sold for more than it cost to produce.
The difference is wealth (aka "profit").
History has made abundantly clear that governments which provide vibrant Free Markets allow people to produce and distribute wealth far, far better than governments that control the means of production and distribution.
The USSR tried for seventy years to create a workers paradise. I was there when it failed. Literally. I was in Leningrad when the Soviet Union collapsed (and in Moscow days later. Amazing times).
So it makes me sad to read about fringe portions of the Democratic Party peddling socialist palaver. Better this political party proselytize wealth-making; not wealth-taking.
Interesting, but what is causing rent and home ownership to be so high? Increasing property taxes (govt taking more and more money for all their “free” stuff) and Insurance rates. What has young people swamped in debt early in life is the cost of those silly college degrees for jobs that don’t pay a good ROI. Those who get lucrative engineering degrees are not becoming socialists, those with BA and MA humanities degrees, huge student loan debt and low paying teacher and sociology type jobs are the ones complaining. Before kids can take a student loan they should have to sign off on an amortization schedule and the average pay for their field of study. It’s not the cost of buying a house, my 18 year old, recently graduated high schooler, almost has enough down payment for a house because wages have increased significantly the last several years. But what kills us is the yearly local property taxes that will be an additional $5,000-$10,000 every year.
Yep, it is a big vicious circle. This is the life we Live in and I do not have the answer to help out. Well maybe I do ,but no one would listen and do.
Excellent explanation of the varied reasons why many young and not-so-young people are frustrated, even angry with their financial circumstances.
No wonder we're witnessing a growing appeal of socialism among the young in the US.
Its advocates simply do not regard socialism for what it is: a failed system of producing and allocating wealth.
Instead, they view it as a government reincarnation of Robin Hood: They want the government to snatch gobs of the astounding sums that have been amassed by ultra-wealthy and give it to them somehow, someway.
Today's youth simply do not appreciate the difference between Capitalism, Socialism, Communism and Fascism
The former is how wealth is created; the latter three are means by which it is distributed
Even socialists, fascists and communists have to engage in capitalism to produce wealth for their government apparatchiks to distribute. Briefly, no capital; no wealth
The easy shorthand: For anyone anywhere to produce wealth, four ingredients are necessary. They are Time, People, Material, Capital.
But the catalyst is a risk taker; that is, someone must assemble these prerequisites and use them to make something or some service that is sold for more than it cost to produce.
The difference is wealth (aka "profit").
History has made abundantly clear that governments which provide vibrant Free Markets allow people to produce and distribute wealth far, far better than governments that control the means of production and distribution.
The USSR tried for seventy years to create a workers paradise. I was there when it failed. Literally. I was in Leningrad when the Soviet Union collapsed (and in Moscow days later. Amazing times).
So it makes me sad to read about fringe portions of the Democratic Party peddling socialist palaver. Better this political party proselytize wealth-making; not wealth-taking.
🎯🎯🎯 👍👍👍 🔥🔥🔥 !!!
In short: corporate techno-feudalism is right behind the curve ...
Most will fall (be pushed) off the cliff when the Great Taking starts ...
NO mistakes were made, it's virtually ALL by design !!!
Interesting, but what is causing rent and home ownership to be so high? Increasing property taxes (govt taking more and more money for all their “free” stuff) and Insurance rates. What has young people swamped in debt early in life is the cost of those silly college degrees for jobs that don’t pay a good ROI. Those who get lucrative engineering degrees are not becoming socialists, those with BA and MA humanities degrees, huge student loan debt and low paying teacher and sociology type jobs are the ones complaining. Before kids can take a student loan they should have to sign off on an amortization schedule and the average pay for their field of study. It’s not the cost of buying a house, my 18 year old, recently graduated high schooler, almost has enough down payment for a house because wages have increased significantly the last several years. But what kills us is the yearly local property taxes that will be an additional $5,000-$10,000 every year.
Very good points.
Yep, it is a big vicious circle. This is the life we Live in and I do not have the answer to help out. Well maybe I do ,but no one would listen and do.
JEWFLATION inflation is Jewish