Re:Former President Trump is projected to win the presidency
by supportengineer on Wednesday November 06, 2024 @04:16PM
(#42069530)
Why does the richest country in the history of the world allow 50% of its workers to be on a sinking ship?
That is the question
Re:Former President Trump is projected to win the presidency
by drawkward on Wednesday November 06, 2024 @04:57PM
(#42070109)
Because it was bought by billionaires.
Re:Former President Trump is projected to win the presidency
by fuzzfactor on Wednesday November 06, 2024 @06:04PM
(#42070950)
Not just billionaires so much as multi-billion-dollar corporations that are too big not to be stronger than (indebted) government and control politicians.
It's been a while but lots of the real gems (precious metals too) have already been sold for a profit so there's not as much upside as there was traditionally.
Without hard-asset inflation, the dollar could turn out to be one of their least-performing assets, and you know they can't have that.
Re:Former President Trump is projected to win the presidency
by WalterSear on Wednesday November 06, 2024 @05:17PM
(#42070356)
Because it's foundational social contracts rely too heavily on the Fundamental Attribution Error.
Re:Former President Trump is projected to win the presidency
by KiwiJohnno on Wednesday November 06, 2024 @06:39PM
(#42071318)
And the (simplistic) answer is because many of those 50% vote Republican, because the Republicans say they will fix things and yet always make things worse for the bottom 50%
The data are aggregate measures. I have no doubt that for, say, the top 20% of earners, wages did outpace inflation. Maybe the next 30% were able to tread water. The bottom 50%, however, are likely on a sinking ship.