Re:‘I’m Old, Not an Idiot.’ One Man’s Protest Gets Attention...
by belval on Friday March 25, 2022 @11:20AM
(#30803225)
People don't like that explanation, it's hard to look in the mirror and accept that you are part of the problem.
It's like printed high-quality investigation journalism. We all decry that it's on its way out but the vast majority of us won't consider paying a 300$/year subscription even if most of the HN reader base could absolutely afford it. We just don't want to pay for stuff.
It's the same thing (to a lesser extent) with stocks and investment. I own a bunch of REIT (real-estate trust fund) because they give a great stable return that loosely follow inflation. A few months ago, my landlord increased my rent by 5% I was angry, felt like it was too much etc... but my landlord is very much the result of my investments pushing for inflation-matching dividends. If they don't meet the market expectation they'll just drop in value.
Anyway long story short we are part of the problem.
It's like printed high-quality investigation journalism. We all decry that it's on its way out but the vast majority of us won't consider paying a 300$/year subscription even if most of the HN reader base could absolutely afford it. We just don't want to pay for stuff.
It's the same thing (to a lesser extent) with stocks and investment. I own a bunch of REIT (real-estate trust fund) because they give a great stable return that loosely follow inflation. A few months ago, my landlord increased my rent by 5% I was angry, felt like it was too much etc... but my landlord is very much the result of my investments pushing for inflation-matching dividends. If they don't meet the market expectation they'll just drop in value.
Anyway long story short we are part of the problem.