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A comment on The U.S. National Debt is Rising by $1T About Every 100 Days. Parent comment

Re:The U.S. National Debt is Rising by $1T About Every 100 Days by justonenote on Saturday March 02, 2024 @04:32PM (#39575961)
You may be getting richer in dollar denominated value, and you may even be getting richer in purchasing power for assets right now, but if asset prices (say housing) are increasing 10%-15% year on year can you maintain that 'getting richer'?

Also from the sounds of it, and the fact you are both on HN and doing well in the market right now, implies you are in a pretty good position, compared to the general population.

To answer your question more directly, the market is doing well because both the metrics and mechanics of markets are heavily heavily gamed. The 1 trillion dollars that is being added to the US debt is going _somewhere_. You happen to be getting a piece of it which you think is great (understandably), but you can be assured that there are many people above you in the chain getting much bigger pieces, and people lower in the chain getting less and less.

A dog hanging around the table of warlords will be a lot better fed than the dogs whos owners just got their harvest taken from them.

[ Parent | on HN ]
Re:The U.S. National Debt is Rising by $1T About Every 100 Days by 2OEH8eoCRo0 on Saturday March 02, 2024 @05:21PM (#39576283)
> you can be assured that there are many people above you in the chain getting much bigger pieces

This bothers a lot of people but it doesn't bother me. I see it so often that it feels like a flamebait tactic to elicit envy.

[ Parent | on HN ]
Re:The U.S. National Debt is Rising by $1T About Every 100 Days by justonenote on Saturday March 02, 2024 @06:52PM (#39576951)
What about the people further down the chain getting less and less? Presumably that doesn't bother you either.

It seems like you weren't really asking an objective question of 'why this is happening' but rather a subjective one of 'why should I care, I'm doing fine'

It's a valid question, why should you care, if you are doing well in this moment. I can't answer it for you.

[ Parent | on HN ]
Re:The U.S. National Debt is Rising by $1T About Every 100 Days by EchoChamberMan on Saturday March 02, 2024 @07:15PM (#39577081)
"Why don't other people care about my safety," and "Why should I care about other peoples' safety," are your questions.

The second one answers the first.

You can't have both - either you're part of a community, or you're on your own.

[ Parent | on HN ]
Re:The U.S. National Debt is Rising by $1T About Every 100 Days by silverquiet on Saturday March 02, 2024 @05:53PM (#39576529)
Are there any wealth redistribution efforts that bother you? Like perhaps student debt forgiveness? Or welfare for single mothers?
[ Parent | on HN ]
Re:The U.S. National Debt is Rising by $1T About Every 100 Days by 2OEH8eoCRo0 on Saturday March 02, 2024 @08:26PM (#39577510)
None of the "wealth redistribution" efforts that are in effect bother me.
[ Parent | on HN ]