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TranscendentalEmpire @ TranscendentalEmpire @lemmy.today
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3 mo. ago

  • New York Post accidentally campaigns for Zohran

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  • Don't you know? 36 is the new 18!

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • I meant if housing, healthcare, and food were guaranteed, what would be the point of UBI?

    Politicians currently advocating for UBI are doing so as a replacement for things like universal healthcare, not in conjunction with it.

  • Unemployed workers outnumber available jobs for first time since 2021

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  • Which doesn't say that it's directly related. Health care and entertainment jobs reducing is probably more indicative of Americans spending less on discretionary spending

    Healthcare networks are the largest employer in just about every state. The reason we've seen shrinking in the job field isn't because of discretionary spending, but because there's been instability introduced because of cuts to Medicaid.

    This is just the beginning, Medicaid cuts just went into effect, and they are planning on cuts to Medicare reimbursement as well. So I imagine jobs reports are going to be fucked for the foreseeable future.

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • But yeah, some people are doing well. More yet in the older age groups as you point out. I’m just saying the problem is more directly linked to class than generation. People need to increase class consciousness if the end is ever to be in view. A poor 50 year old is sinking in the same leaky boat as a poor 20 year old.

    I never claimed otherwise.... I'm just pointing out that there are clear overlaps when it comes to class and generational divides. I never claimed there weren't poor people above the age of 55, as I said earlier poverty levels for adults is around 10% across the board. The difference is that the vast majority of people above the age of 55 are in a different class than the rest of America.

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • I mean you could, but what would be the point if housing, healthcare, and food security were a right? UBI is just a bandage some billionaires advocate for just so they don't have to pay for a working healthcare system

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • however, small companies run by non-billionaires, like worker cooperatives and local businesses, would be exempt from the taxes and therefore have a competitive advantage. this is my goal.

    What makes a large business more competitive compared to a small one isn't taxation, it's the economics of scale in regards to logistics and production. All of a corporation's activities are already exempt from most taxation, the only thing we tax a corporation for is on their profit.

    Being a non profit doesn't automatically make you more competitive, operating at lower cost with higher productivity is what makes you competitive.

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • But a ton of these people got completely obliterated is 2008 too.

    And even more made more money than ever with the bounce back. The market recovered its losses within 4 years, but wages didn't recover until 2015-2016.

    there are poor in each generation and the wealth gap is increasing across demographics, even if not uniformly.

    For adults the poverty level is around 10% all age demographics, however the important thing to evaluate is the difference in wealth.

    The median net worth under age 35 is about $39,000, but this rises to approximately $364,500 for the 55-64 age group.

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • I don't know if universal basic income would really do anything in the long run. I don't think it would lead to overall run off inflation, but I dont doubt for a second that landlords would immediately increase rent.

    We don't really need more money supply, we need more protections in areas of economics that should rightfully be considered natural monopolies.

    If we didn't have to spend so much on essentials that should be subsidized or price controlled by the government like housing, food, utilities, and healthcare, then we'd have more to stimulate other areas of the economy.

    Increasing the money supply without implementing mechanisms for regulation is just a complicated economic stimulus for landlords, produce markets, and utility companies.

  • Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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  • Late babyboomer and early genx are doing just fine for the most part. I mean they've spent the last 5 decades pillaging from their children and grandchildren's futures to keep the stock market booming.

    If you put a $100 investment in the S&P 500 at the start of 1980, with dividends reinvested, it would have grown to approximately $17,427.60 by early 2025. This is the reason the vast majority of people who vote for Republicans are 55 and older, because they don't care about anything but securing their own bag.

  • 0% of Democrats happy with state of the US right now

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  • 65% of Republican voters are ages 50 and over, these people don't really care about anything except their retirement accounts. So long as Republicans can keep the stock market growing they don't give a shit.

  • Trump and RFK Jr. to Ban Covid-19 Vaccine ‘Within Months’

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  • Yeah, we had a few of those types at our hospital as well. Our state was the epicenter of some nurses suing their hospitals for mandating vaccinations.

    They were always the shittiest nurses to begin with and never stuck around very long anyways. Though I can't really think of a better way to isolate yourself from your fellow coworkers than being a antivax healthcare worker during a pandemic.

  • Trump and RFK Jr. to Ban Covid-19 Vaccine ‘Within Months’

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  • Yeah....... I wasn't a fan, but that's mostly jealousy talking. As an introvert working in healthcare, it was painful to have to go to work everyday and deal with the dumbest patient population in the history of the country while everyone else got to work from home.

    It was like summer school for adults, but even dumber.

  • Sometimes a Nosferatu is hideous on the outside and inside.

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  • Maybe a hundred years ago...... Now it's just about skin color. American Catholics pretending like they're still a stigmatized minority is kinda ridiculous considering the vast majority of the Supreme Court is now Catholic.

  • The Fifth Circuit Ruled That the NLRB Is Unconstitutional

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  • Does the circuit not know that or am I thinking of something else?

    They just don't care. It's just like what they are doing with federal workers who can't use strikes as a collective bargaining tool. The MSPB was made to pacify federal workers and offer some sort of protection from partisan politics.

    So trump just fired the board members so they couldn't make a quorum, and of course the supreme Court allowed it. They are relying on the fact that most Americans are too comfortable to risk jail time to stand up for their rights.

  • California resident tests positive for plague

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  • The reason it isn't a huge threat is isn't because we've gotten so much better at treating it, it's that our hygiene has improved so much.

    I mean our hygiene has gotten better, but the actual reason it isn't that much of a threat anymore is because it's a bacterial infection and we now have antibiotics.

    Bacterial diseases are still worrisome due to some strains adapting a resistance to certain antibiotics, but they are much more manageable than viral outbreaks.

  • Blue No Matter Who?: Jeffries Slammed for 'Gutless' Refusal to Endorse Zohran Mamdani

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  • Breaking News: Jefferies a former corporate lawyer and current corporate stooge, doesn't like the idea of socialism! How fucking surprising......

    If America wants a chance to avoid violent revolution, they really need to kick out any Democrat who has the stink of Thirdway politics about them.

  • Any number of deaths is worth the fantasy, apparently

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  • don't even think capitalism requires infinite growth. It's just how we built it. Not even since the beginning.

    Eh.... It's kinda baked into a system of competition modified via supply and demand. If there's not enough demand to initiate the growth of supply then you enter into a recession. Competition forces companies to invest in their avenues of growth so they don't get cornered out of their market, which means they have to invest more into the company than other companies year over year.

    In the beginning stages of capitalism competition is great for building markets, but towards the latter stages of capitalism, especially in fields with high fungibility, competition becomes destructive. Once this destructive competition becomes the norm the only escape for companies to remain profitable and continue growing is to monopolize, conglimorize, or ironically become heavily regulated.

    It's this idea that the money you make from investment should grow exponentially. This demand from professional stock traders that they be able to sell for obscene profits. The company must grow, and those profits must grow, or the shareholders will all sell in a panic and abandon them, and even a profitable company may go under.

    It's not really an option for companies to stagnate, not only because they legally have to make as much profit as possible for shareholders, but because the nature of competition in the market will eventually force them to go under, or more likely be bought up by the competition.

    It doesn't HAVE to be more profit next year than last year, we just made it that way over time.

    It's kinda always been that way, at least since the emergence of business done on a national scale. A lot of the reason Federalism became popularized was because businesses required unified regulation across state lines. Just look at the economic history of railroads and oil tycoons and you'll see the same scenarios were undergoing today on a smaller scale.

  • Ex-Kentucky clerk asks Supreme Court to hear case that could upend same-sex marriage

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  • It's the oblique route for sure, but could be just as effective in the long run. You wouldn't have to actually overturn the legal concept of gay marriage, while at the same time being able to prevent gay marriage from happening in the future.

    You just have to empower the position with the power to deny access to a marriage license and then fill those positions with people who don't think it should exist. With one ruling you could potentially make it legal to deny gay people marriages, deny women the right to a divorce, or whatever insanely bigoted shit religious people dream up.

  • Any number of deaths is worth the fantasy, apparently

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  • would love their ideology to be accepted common sense rather than current one

    The crazy thing is that the current economic system we utilize isn't considered nonsensical.

    I guess an economic system that requires infinite growth made a bit more sense during the age of discovery, when people were actively finding new continents to exploit. One would think that now we've definitively concluded we inhabit a closed system with a finite amount of natural resources, maybe just maybe we could evolve our economic system to reflect that?