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#nostr #bitcoin
Discussion
Rich people create new wealth, their money is proactively being used to create new jobs either through goods, and services that they purchase, tools they use to create new machines to improve their companies, or through employment.
Wages stagnant because economic Over-Regulation causes companies to cut back on the one variable they have control over wages.
Young people don't have the same lobbying power simply because they're working, and don't have financial resources yet but once Gen-Z starts to hit their 40s, and 50s you will see a shift in younger demographics like Gen X, Millennials, and Gen Z start to run things.
Especially when the hypothetical Great Wealth Transfer Happens.
According to The House Budget Commitee Immigrants are a net fiscal drain.
(Link is to the PDF.) (Picture 1) https://budget.house.gov/download/the-cost-of-illegal-immigration-to-taxpayers
This includes strain on public resources for example The DMV.
The reason "everything is shit" is because of misallocated, misincentives, and poor market responses from Government manipulating signals.
TVs for example which are mostly unregulated have become cheaper, and better due to market efficiency whereas housing, medical care, and college have skyrocketed due to government manipulating both supply, and demand, increasing demand, and reducing supply, both done so artificially.
(Picture 2)
https://www.aei.org/carpe-diem/chart-of-the-day-or-century-8/
Video
Why American Healthcare is expensive:
But all in all is a hybrid of The Federal Reserve Money Printing, Selfish Boomers, Excessive Regulations, and Some immigrants that don't assimilate to our culture.
Profit Margins for different industries (Picture 3)
https://www.ft.com/content/7b210065-0444-3c2b-bc2a-cdcfad2ae2f7
My Note Fact Checking Claims in this meme.
Explain to me why Ford would create more jobs to create cars. When they already end the year with leftovers. Meaning they canāt sell the cars that they make now.
Historically Ford Motor Company when it was a booming industry increased wages, reduced the work week in both days worked, and hours worked.
No company would create jobs at revenue loss.
The only entity that can hire people at a net loss is the government because they can print money, and tax it.
Companies/Corporations can't do that because they have to stay profitable in order to stay in business, so that they can hire people.
Thanks for proving my point. Nobody believes that job creation bullshit anymore. Iāll tell you what they do with tax cuts. They buy back their stock. Increasing it value. And it just so happens thatās how CEOs get paid in order to avoid paying taxes.
In some years ford has been unprofitable, and in the most recent quarter ford lost money.
https://macrotrends.net/stocks/charts/F/ford-motor/net-income
A video highlighting the pros, and cons of share buybacks.
Rich people have always hired me. Rich people don't stab my family in the street or bring tuberculosis to my town. Legal immigrants must pass thru many hoops to come to the USA. They're a plus.
Illegal immigrants are scum, filth and a pox on society (especially Canadians).