Now factor in the effects of climate change on many communities over the next decades. Maintaining our infrastructure i.e. lifestyle is going to be much much more expensive.
Re:Buy, Borrow, Die – Explained
by forgetfreeman on Sunday September 01, 2024 @01:11AM
(#41414469)
Minor correction: maintaining the lifestyle of billionaire coastal developers and their clientele will be much much more expensive. The poors will continue to be encouraged to eat shit and die as per usual.
Yes, typically poor people’s contribution to the economy isn’t as great individually. Groundbreaking stuff.
Re:Buy, Borrow, Die – Explained
by forgetfreeman on Sunday September 01, 2024 @04:45AM
(#41415298)
The cute thing there being they outnumber the big fish by something like 400,000 to 1 in the US and without them there is literally no economy and no billionaire class.
Your take is as profound as claiming there’s no life without oxygen, but it serves very little actual utility in observing the world.
Re:Buy, Borrow, Die – Explained
by fallingknife on Saturday August 31, 2024 @10:05PM
(#41413632)
There has been no austerity: https://fred.stlouisfed.org/series/FYONGDA188S
I'm not saying you're wrong, but that graph doesn't show anything with regards to whether or not middle-class folks have been hit with austerity.
Federal outlays are not granular enough and increasing Federal outlays is pretty meaningless.
Re:Buy, Borrow, Die – Explained
by AnthonyMouse on Sunday September 01, 2024 @05:40AM
(#41415530)
Austerity in the context of government means spending cuts. "We diverted the tax money to cronies instead of anything that benefits you and spending actually went up" is not austerity, it's corruption.
Austerity for thee, but not for me.
Re:Buy, Borrow, Die – Explained
by WalterBright on Sunday September 01, 2024 @02:03AM
(#41414682)
Do you really think the explosion in government spending is the result of austerity?
The austerity policies of the neoliberal turn has already caused standards of living among the less fortunate to drop over the last few decades already. The 2008 crisis is when it started to impact the middle class and we're still feeling the impacts 16+ years later.