The System Is Rigged Against Gen Z and Millenials
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- čas přidán 29. 04. 2024
- by @msnbc • Young people have ever...
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At 30 my mom owned houses, had her own business and 4 kids. At 30 im happy i can pay my rent this month.
The previous generations (including boomers) earned the equivalent of 36$ an hour in their first job in today's money and they can't understand why we can't survive at 7,25$ lol.
Too much avocado toast
I’m 27 and I can’t pay rent this month. Taxes F’d me out of all my cash and my job market dried up instantly so I’m SOL good ol democrats policy
@@aquafreesh9219 Perpetuating the them vs us argument Great job. the real enemies are the billionaires and corpos lobbying. learn to recognize all forms of propaganda.
Yeah man it's all Democrats, totally not a bipartisan system designed to fu from all angles being refined for decades now.
Being poor is expensive
Being midle class IS expensive,
Buying 10 poor quality pair of shoes costs more than 1 good quality pair of shoes.
So yeah, it's expensive.
@@samfire3067being middle class now is 1970's Poor.
Thats why some self delete
And I hate how most times they equate being poor and having almost no options to low intelligence. Sometimes you can't afford the money to get of the hamster wheel for a second even if you have the capacity to
i work at a mixed race & mixed income school. the difference between the poor “stupids” and the beautiful elites is wayyy more complicated than “oh, they’re just stupid.” i work with teachers who make over 100k that cannot form a full sentence, one of them is a blonde haired blue-eyed woman, the other is a brunette that comes from a very wealthy family. the kids that struggle at my school have parents who are never home because the parents are either extremely depressed, on drugs or just always working. they have to work multiple jobs to feed their children. the kids who do well, their parents are always home, always available. most of the kids that don’t do well have experienced extreme trauma like gun violence, molestation, bullying, undiagnosed neurodivergence. you think they’re gonna go to school and pay attention? they’re thinking about what happened to them last night. to say “they’re just stupid” shows a lack of information and perspective.
The rich parents not working too much are probably business owners and landlords. They are using other people's labor.
it's true. i was orphaned as a junior in high school in 1991. i had to work 50-60 hours a week to make it thru high school. they day everyone went to take the ACT on a sunday, i went to work at wendys at 4 pm, left work at 4am took a shower did my homework and went to school on zero sleep. Teachers didn't even give a fuck back then, i'm sure they don't give a fuck now either.
Everything has nuisance I'll grant you... but damnit I know there are just some dumbass kids out there. To say there aren't is asinine.
I agree with you on this... I am Nero divergent was bullied in school was molested... But even though all these things happened I still managed to get up everyday. And I know I am not the sharpest knife in the drawer. But I work as a machinist... And that's not the easiest job. I don't think I am a failure. I know I succeed in many things... But no matter how much I succeed... I just can't get ahead. Thank you for your response! Keep up the good work!
You criticize the teachers you work with for poor grammar, yet fail to capitalize the beginning of each sentence. 😂🎉
54% tax rate?
We pay less in Denmark on top of that 12 eggs is 3 dollars here.
What the hell is going on in America?
Highest state tax bracket is about 13%. Highest federal tax bracket is 37%. FICA (Social Security and Medicare) is about another 6% on top of that. So in principle you could be paying 54%...if you live in California and your adjusted gross income is vastly in excess of $500k. Which it shouldn't be, because at that point you should be using one of the many strategies that exist to pay lower taxes than someone with equivalent cash-only compensation would pay.
It's Wall Street and government greed colluding together
@@Latronibus
How do people live in California. Why are they so heavily taxed if they don't benefit from the taxes at all. California streets is looking more and more grim skyrocketing crimes, drug addicted homeless people everywhere.
Our taxes are high in Denmark but we get a shit ton of safety nets. Also winnings such as lottos aren't taxed only income tax.
@@steen275 The important bit of what I said was the "vastly in excess of $500k" part. Most folks are in the $40k-$200k range and they pay a lot less than 50% even if they live in CA.
Communism
My mistake was instead of buying a house back in 2008, my dumbass was busy playing on the playground in 4th grade...
20/20 hindsight
Fr I was too busy being 10
If you could have bought a house back in '08 but you were still in the 4th grade, then obviously the system was holding you back. So naturally it's the system's fault, don't blame yourself.
@@joeygarza9550 Nah bro.. should have known better. At age 10 I would have tried to figure out how to leave school. Its all his fault.
I had only been in the workforce for less than 4 years, so I didn't have much to work with either.
"People are trained to hate each other rather than the people that put them in the situation they're in." 100%
Good example: tipping culture. The workers are trained to see the customers not tipping them, which was supposed to be an extra reward for exceptional service, as the reason why they financially struggle instead of the employers that refuse to pay a livable wage.
No, I hate them too. It's just that I can't do anything about it without the FBI knocking on my door.
Yeah technically we all could solve this if we could organize without being comprised. These agencies/ goverment dogs are the only thing stopping civilization from advancing. They prevent us from ever making change by imposing 10 million rules, locking everyone up and tax tf outta all of us
I mean it’s both people’s fault. Customer won’t pay, employer won’t pay, and waiter is entitled. Everyone is selfish. And that isn’t a problem. People need to stop expecting other people to give a fuck about them.
Rich people don’t care, government don’t care, strangers don’t care, men don’t care, women don’t care. Just do what you want and except that problems exist because other people aren’t incentivized to solve them.
Morality doesn’t exist it’s just people pushing others to get what they want.
At the end of the day you get what you deserve.
@@crustykeycap5670 not caring about someone is a hate crime to young millennials.
the irony is that edit: THE young ones are doing the exact same thing the boomers did: voting for the government to come bail them out.
you need to be voting to dismantle all of the programs your boomer parents voted for
I am an accountant and using all deductions legally available my families heating and cooling company was being taxed over 65%. The majority of the tax came from local sources. Every single small town we worked in required us to buy a business license, an additional insurance policy, building permits and pay up to $500 for being properly federally licensed and having it be on record in their town. Each one would cost around $500- 1K but when you have to keep travelling for jobs it adds up to around 65K per year in just local taxes. The tax line on our income statement rivaled the cost of materials. We closed our business when we realized that the local governments were trying to strongarm us into raising our hourly labor rate and honestly the average person couldn't afford our services even though we priced low compared to the market. Its all people who sit on their butts taxing those who do actual physical labor so our response is sit in the heat and collect taxes because your AC is broken and there is no one willing to fix it for the price you can afford. The home builder we used to work for folded after we quit because they couldn't find anyone else licensed to do the installs and pull permits.
There are a lot of kids, including myself, that had parents that just assumed you knew basic principles. I, for one, didn't know how to clean the house because no one taught me. My mom thought because I "wanted" to be in a clean environment; I just somehow magically knew how to clean a house properly. I didn't, and I got those comments like "Why aren't you good at cleaning? I thought you liked to clean." Reality is that no one taught me, I don't actually like to clean, but I do like being in a clean environment, so I am willing to try. This happened in a LOT of areas in my life that I ended up having to be my own parent to get on my feet. I did so much research online to figure things out, and it still feels like I am missing something. The best way I grew up was doing a lot of odd jobs, and moving out for seasonal work for several months at a time. It's the same parents that gives a tablet to a kid to get them to stop annoying them. My mom... just played video games and forgot to do everything. She gave up parenthood and just assumed my brothers and I were gonna just "know" the works, and is shocked that we were clueless on some basic stuff. If you ignore your kid a lot, they are going to miss some important information that they'll need for the real world. My mom was a result of people neglecting her and her not getting the help she needed, so the way people treat each other does spread more so than some might think. Please be good to each other, and to yourself.
Genetic memory is not a thing Mom. Be a Mom and give me chores! That's how I'm gonna learn stuff!
Wait... your mom is a gamer? Can you arrange a meeting for us?
How do you not know how to clean?
ever get the "I didn't need to be taught." from your mom?
My dad has a very similar approach. I don't know how to do a lot of stuff, especially DIY and yard work because he never taught me, so he'll come over and criticize my terrible weedeating job but i had to teach myself how to do it at age 28 and i'm a skinny girl with no muscles so of course I suck at it. I don't know how to use power tools because i was never taught and can't justify the cost to buy them and teach myself. Anytime you want to get knowledge from a parent, it's like pulling teeth to get anything other than "well, you're smart, you'll figure it out"... but when you do try to teach yourself they'll gladly make fun of how amateur your attempts are. It's frustrating.
Boomers went "fuck you, I got mine" and pulled the ladder up behind them. Typical.
After their parents basically sacrificed their happiness to give them everything they could, too
Can you blame them? They remember how hard their parents had to work and couldn't retire. They died at an old age while working like a slave. The boomers would obviously try to keep and grow their money in order to avoid the same fate.
@@jackcarterog001What you just said will most likely spark a war with young people. Because all these old boomers pull the ladder up from them All they're doing is guarding the time before they die And leaving the disaster to the young people so they don't have to fix anything..
No they just went off to live their lives, raise their kids and let the psychopaths take over every form of governmental responsibility
They sold the ladder to china.
"Truth is, the game was rigged from the start"
Yep and it can’t be maintained for long, before change is inevitable.
Yeah and this generation is the one stuck in extra time with the score against them, and no Micheal Jordan on the bench to solve the match.
Yeah, it's going to ridiculously hard to recover from that "kick" in the head.
@@AlfredoElizondoLife we are the future, i think we gonna manage
@@ninocraft1 not happening unless a catastrophe is casted upon the population, else we are just going to drought and starve little by little.
Like the frog in boiling water.
Its wild seeing old 50s prices on things. Our parents parents had life on easy mode, took advantage of that, and wont let go of any wealth or power until theyre dead. Such a greedy generation....
Have you heard of inflation? This is a really dumb way to look at the 1950s. Your parents would have grown up in the 1970s/80s.
@@MechNominal i remember the time a big mac was 1.50 cents and my parents were being paid 40k each they were both bus drivers bought 4 houses at the age of 22 and are now blaming me for not affording 4k rent and living in my car while they paid 500 a month rent.... they had it easy. They were suprised I didnt sacrifice anything. Sacrfice? What a kidney. 😂 ill sell my kidney for 50k
dont sell your kidney, if your other one goes bad youre gonna be screwed. it happens. @@rrrealqueen
@@MechNominal Just compare wages to prices back in the days and nowadays. You will soon realize that there is a giant gap
No, they'll give up all their wealth on their end of life care in nursing homes. That way you don't see a penny. My grandmother set aside $50k each for my siblings and I for a college fund. I never saw a penny of that.
Wild thought, but have American people considered banning foreigners who DON’T EVEN LIVE in the US from purchasing property?
It’s not so much foreign people buying houses as much as it is large corporations buying homes and property then renting them; huge issue in the US right now
I think we can compromise ban both.
@@draigongaming1751 with foreign investment, for the record. At least thats how it works in Canada.
american dream is dead, middle class is obliterated.
Socialism
Socialism killed it
American? Brother in Christ, it's terrible in Canada and places like England as well.
Many thanks to the biden folks.
Socialism just brings the upper class down to tge middle classes level and reall everyone just becomes lower class@@crazychase98
The cost of living and inflation has been rising for decades nonstop and they expect people not to say or do anything about it.
That's the problem. We're not.
Not only that. They'll say it's our fault and use that to justify all the layoffs and wage cuts
Bidenomics
they wont stop printing money which is what causes inflation. This admin has broken so many records that ruined the country mainly the amount of money we're spending that we dont have for the betterment of every country but our own. Our currency is backed by itself, we dont own the gold in the reserve lol
Then the biden admin tells us that everything is fine and we're racist for thinking otherwise.
no cool jobs.. no money, no security, no girlfriends, no kids, no hope.
be strong its gonna get hard man.
exactly me as 33
@@Arejen03 43 here.. it sucks man..
where are you from ?
i "hope" we will manage to go through somehow decently.. whatever that means
The amount of time i spent learning long division and being told i won’t always have a calculator really paid off. 20 years later i never once used long division for anything and have a computer in my pocket all day long for calculations
Its true.
But still, its a point hard to argue with or against, since the problem is complex. If you simply don't teach complex stuffs early, it will be too much later when you learn engineering for example.
Peoples don't know what they want to be when they grow up at age 13-14, so you can't just not teach them something like that because they might not need it. You have to keep their opportunities open, and part of it is teaching stuffs they specifically will never use or need.
Education till the end of high school is a general knowledge that you can build upon, if you just skip mathematics and you go to learn engineering for example, you would be soo behind you couldn't close the distance, and you would be the worst engineer the world has ever seen. Sure, you don't need most of it if you know that you want to be an artist, but then you don't have to get an A+ either....
The difference is there isn’t opportunity, community, or mentors. Everyone is exhausted and isolated.
Those are all symptoms. The cause is that we are surrounded by monopolized industries.
Companies largely hide this from the public by having numerous subsidiary brands.
@@Nick-jb4xi they don't want us to know the rules to the game they made
There’s way more issues than just that lol
Exactly! 👍
You can have community or mentors.
If you join a cult, I mean church, or some other type of school club.
I mean social adult circle.
Oh and don't stop smiling, complaining is bad, and don't feel exhausted. :p
-The Hidden Order of Society Guidelines to becoming an NPC in a new world; while making your life better.
"You'll own nothing and be happy" All of this is intentional, we're being governed by ideologues.
Right but you are a "conspiracy theorist" for saying it like it actually is.
@@masterpainter78 You are a conspiracy theorist for pointing out what they said to others. It's all gaslighting.
and we're being divided. do you see all the yuck yucks blaming boomers or someone else OTHER than the people MAKING the rules. they didn't read about Tesla or the BIG 3, they don't understand why there was prohibition, they don't know why we crossed an ocean to basically death because "my ancestors knew death was better than bondage", they don't know how this has been happening since greek kings (other countries like africa and persia had kings but greeks are the only ones who fought and won their freedom). they just don't know.
as long as you can recognize this is capitalism doing this instead of communism you are right
Look at Korea's housing system to see future home ownership, you'll be renting from a corporate entity.
School was only a place to suffer abuse since I was 6 years old. I was bullied by both students and teachers. Many teachers in fact. I still remember their names and their faces. I was a "gifted" student in an accelerated program until 8th grade. This is when I started to make myself throw up so I didn't have to be at school. I also just slept all day in class so I could escape. Not one teacher asked about this behavior, they just liked to punish me and humiliate me in front of everyone to fuel further abuse from students. At some point the school psychologist picked up on it and I said I was having thoughts of dying. So he called my parents and they brought me to therapy for 3 months. Nothing came of that and I was depressed for the next 15 years, developing a form of avoidant personality disorder, tried to hurt myself several times leading to hospitalizations. I eventually graduated high school 1 year late, but continued to drop out of college 3 times due to mental issues. Now I am trying to go back the 4th time at 27 years old, but I live in an apartment and basically have to work 50 hours a week to survive, with all of the high taxes and inflation. I stopped taking meds due to lack of insurance, but they never even helped me anyways. I am seeing a therapist who agreed to see me for free every 2 weeks, but it really doesn't help at all. I am barely going to have enough time to go to school so I might have to go into debt. Doesn't seem like there is a point to any of this. I've never been happy.
Damn, i genuinely hope it get's better for you. I believe in you
@@blodon20 Thank you
Don’t give up man ik how u feel fr I went thru sum of that stuff my self to I ignored how I felt and kept going until it gotten better bc with time it will I promise keep going u do matter 💯
I´m in a similar situation, but I was bullied/abuesd by classmates and not teachers. Suffered from severe mental issues because of that. I´m 35 now and my life is objectively better now on the outside, but I´m completely unable to even feel neutral emotions let alone happiness. All I feel is anger and sadness because I feel like I was robbed a happy life. Trying to get mental help, but the waiting list is almost three years just to see a psychologist and get therapy here in Europe.
I hope you don't give up and achieve happiness someday, man.
At 30 I'm working a job that barely pays enough to support myself... And because of my mom's sickness and loss in 2020, my dad's savings and retirement was drained because of hospital bills... now my dad relies on me and my siblings to help keep the house together, including what little he gets every month... A car breaking down or someone getting sick could break what little stability we currently have. 30 years ago it would be viewed as pathetic to still be living at your parent's... now its almost needed to keep my dad from losing everything and from us losing places to stay because we all can't afford shit alone. Mind all of us are older than 21. What part of this is fair? What kind of country would allow their prices and shit to go all the way up to the point a family who could afford to go on vacations in the summer back in the early 2000s is now barely able to pay a past due bill on a plan with the provider?
You should really talk some sense to my friend. He is trying to go at it alone with a kid on the way. Sht might seem easy but one inconvenience could land you in the street.
@@Sassquatch713 I really wish him the best or that things start improving so he doesn't go through to much shit... I couldn't imagine having my own kids right now...
A lot of young people aren't dating because how can you think about dating when you are worried about how you're going to eat and make rent. Survival is what's on people's minds.
I mean I would argue that dating would increase because it's easier to survive and build when you have a partner to help you.
I think the internet is making it so that doesn't happen
@@ginger_jeezus also if you can't donate 100% of your off time from work with them they'll say you don't care.
@@ginger_jeezus But, despite what people think, as a man, traditional values still hold true for a lot of millennials, so not being financially free and able to provide is seen as shameful (by a lot of women too) so they decide to wait till they have that capability before dating.
@@ginger_jeezus Having a partner can help until kids are involved.
Looking for a partner is a luxury only after you can feed and house yourself.
speaking as a 30 year old man im not dating the average woman doesnt care about men as people. im open to dating if a woman makes me feel wanted and like she is interested but its been a decade and that hasnt happened. im not wasting anymore time on people who think my purpose is to serve them.
I did everything right growing up. Made straight A's, paid attention in class, acted polite, and listened to my superiors. Now I make $15 an hour in a warehouse job, never had a gf, no friends, and no future. I'm also autistic. Life ain't fair man
15 an hour? I'd be looking for a new job bro
@@McSkippy374I live in Alabama
same, im in a job that could be done by highschool dropouts for minimum wage, i have a stem masters
@@Laughing_Chinamanif you have a stem masters your doing something wrong bro. I have a stem BS and make over 100k. The degree wasnt enough. It required a lot of grit and self-taught education, and sacrifice to get to where Im at. Newsflash the grind never stops either. Your either lazy, or there is something seriously wrong with your approach that makes you unhirable.
@@katkong281I would honestly look into doing an oil field/oil rig job for a bit. Dangerous but pays very well, you are young and have nothing tying you down. You don't HAVE to live in Alabama.
Edit: I mention those jobs because some will pay for relocation.
At 34 my parents had 3 kids . At 34 I manage to maxed my osrs account lol
Atleast the black chinchompa market is more predictable than this BS
Interestingly, it’s not a conspiracy why the weak die off. Asmon actually hit the nail on the head that some people spawn in character boosted with heirlooms and some people spawn in at level 1 in classic wow. It’s not fair and it’s too fucking bad. The conspiracy is only that we ever got to a point where for a small part of human history in certain starting zones, the weak people were drug through life by the strong and allowed to live. That trend is reversing now, and soon it will be everyone for themselves again and the weak will perish again. It’s not fair. It’s also just how life works. Remember that you are dust, and to dust you shall return.
Your god does not exist. I know so.
Boomers are the first generation ever to care more about their retirement than future generations.
They also cared about their own mortal coil vs the youth and locked all the healthy people up because there were terrified the young would ‘ kill ‘ them..
And now hte young are going to pay heavy consequences for having the old care more about their anxieties than the young keeping the economy afloat.
Been saying it for years. Baby boomers have taken the best from the generations before and after, for their own gain.
We should have seen this coming with how they treated their parents generation. Actual Baby Boomers have always been the most selfish and narcissistic generation in American History.
@@Sciuridae and then red pillers are all like "we aren't overpopulated! just get kids!" as if we dont need to take care of 8+ BILLION humans on this fkn planet
Boomers are the first generation in human history that had the luxury of not having to worry about the future. And human prosperity has only increased since then. So millennials and Gen z are going to be even worse, I reckon.
The meme still checks out:
Young adult: What are taxes and how do I pay them?
School: THE MITOCHONDRIA IS THE POWERHOUSE OF THE CELL
All by design my friend. They don't want intelligent individuals just sheep.
Schools were also made & instructed by the rich remember that.
Schools primary focus is not to make you into a powerful human, its to make you a pawn to the rich mans game,
Think of it. All the classes you do in school is not something which is neccessary for life, its to make you specialize in a field and become a worker in said field.
If it was made to make you prepared for life, it would teach, how to get a job, how to be socially adept and function in a community.
Taxes if thats one thing you have to do yourself, loans, ect.
Its dishonesty at the highest level, also why arent we being paid to be in school?
We are educating ourselves to become functional in society, we should be an investment, instead we are a cashcow. :(
I am STILL waiting for the day when I need to use that knowledge
Learned about mitochondria through parasite eve
@@Twenty-FourGallons Same
In 2002, 'no child left behind' was signed into action. Now, here we are.
You bring people dont want to be in trades when i was 19 a trade was the goal but for me it went like this
I showed up a job show and talked to electricians they told me to show up at the office and apply there
I got there and they told me to apply i have to be enrolled in trades school
So i went to apply for the trade school and they told me to apply i had to be actively working for and have an endorsement to go with an electrician
So i couldnt apply for the job without the school
But i couldnt apply for the school without the job
So how do you get in without knowing someone?
Same with the unions down in georgia
you get an apprenticeship at a random electrician company or store. That's how everyone dose it. Might be no pay but it gets you in the door. If not just become a truck driver and make an easy 100k a year.
@@MrJcTTK yea you right take the zero pay and live in the car i cant afford and drive to work with the gas i cant buy, and pay for my food with a promise that ill gladly pay them in a year for a cheeseburger today.
Or maybe im being entitled asking for cheese on that.
@@robertwalden4852 than quit being a little baby and do something. Do part time apprenticeship or anything to put yourself in the door while working another job. If you want to get into a union than you have to bust your ass. That's just how it is. Because once you are in you are golden. If not go become a truck driver. Get a free grant from the GOV for Cdl driving school and start working. There is a massive shortage of them and everyone is Hiring.
I went from making 24k a year part time at homedepot to over 100k+ . Because I didn't cry on the internet and kept working at it and looking for other jobs to make more money. Which is the only reason I became a truck driver. Because that's where the money is.
Do I like my job Fuck no but I like money and that's all that matters. Even now I'm looking for other options to make money. I too wanted to be an electrician but I was in too much debt to do it. Now I have the money and the time to do it.
@MrJcTTK unless it pays the bills at the end of the day, those moving out at 18 are screwed if they're on their own.
School isn't meant to teach you how to live a successful and fulfilling life. It teaches you how to be a good low level employee or military member
School doesn’t teach you how to be a good “military member” unless you specifically came out of a JROTC program, and even then you’re still gonna get the culture shock.
"Obedient worker" - George Carlin
Leave the military out of this and stop trying to look down on people who actually served and contributed to their country! The military is a Profession and if you actually don’t waste the opportunity, you will come out ahead of more than half the general public. For myself, I went in at age 17, did almost 23 years until I retired at age 39. Was both enlisted (E-6/SSG/Medic) and officer (O-4/Major/Military Intelligence). Was able to obtain 3 degrees, one while in the military and 2 after I retired, which was all earned and free due to my service. Purchased and still own 3 houses (1 primary residence and 2 rental properties), in which all 3 were new construction and I also own 2 lots of land that I plan on building other rental properties on. Also, I make 6 figures from my military retirement check and 100% VA Disability check together, which is far more than the average person with or without a degree make. I’m fully invested in the stock market and own crypto. Actually some of your most successful people either served in the military or their parents were in the military. So, I’m guessing that you never served in the military or if you did, you wasted the opportunities and benefits of being in the military. So what do you do, how much do you make and what do you own??? I’m waiting!!!
@@IamChairMaynethat’s a pretty extreme response for a throwaway comment. i dont think he was insulting the military lmao
💯 true the more people with money the more people with power.
Banks don't want normal people knowing how interest rates work.
Same with taxes, subscriptions, anything involving gambling. The less you know, the more effectively they can legally rob you.
I wish predatory lending was still a thing, that way I could use loans to attain assets. I can't even do that though cuz the government restricted the lending a long time ago
banks dont want people knows interest money dont exists at all, its printed out of thin air.
@@hughmungus431 My brother in christ you are not going to profit off of a loan with an interest rate over 30%. Especially if you are going to use it to buy assets rather than start a business. But even then starting a business on a payday/cash advance loan rather than a secured loan is absurdly risky.
If you think I'm wrong, you can always take out a credit card (you will get approved, and within a few months of not being irresponsible you will have a higher limit if you ask for it), borrow money with it via a cash advance, and deposit that money in a brokerage account to buy stocks. (I do not recommend this, you WILL lose money this way.)
Banks always win. That’s the key takeaway. They play a game they can barely lose.
I am barely surviving. Paying endless rent. Making 16 an hour is like making 8 an hour now.
UBI is not the solution. Reducing the length of the "Full Time" work week is. People need jobs.
That just means you'll make less money because they're not going to pay you what you make at 40 hours and you work less greed
my parents literally bought a brand new house in 1991 at 22, I'm paying 45% more than they did a month, in rent, something ill never own
To be fair, in 1991, 2001 and 2010, rent was always more expensive than a mortgage and was never cheap relative to earnings. I had many friends, older and younger that just were ownership averse or enjoyed living the simple live of renting and not worrying about mowing a lawn or paying hydro. Nowadays rent comes with condo fees and separate parking. In the majority of cases over the last 2 decades, rent has risen in part because people rented and it incentivized slum lord professionals to buy properties on cheap loans because people would pay MORE to rent than it cost them in mortgage payments. Then we had a generation of SOHO wannabe up scale condo renter and buyers that drove the floor of what people wanted and were willing to pay for up, dragging shit holes along with them. People can complain about lack of homes to buy but the factors haven’t changed and renting will continue, as it has in the past, to incentivize land lords who will just continue to grow and dream bigger on renters backs. Renters were the ones that enabled land lords to pay their mortgage. Like a job at McDonalds, renting was always looked at as a stepping stone if you had a career or plan in life. Rent goes down when there are vacancies. Land lords sell when they have no more renters. It might seem impossible today but your on the back foot because of the generations of long terms renters causing this crunch. Just look at the recent hotel migrants jacking up hotel prices because they’re getting longer term government paid subsidies. Or short term AirBnB renters enabling some real estate agent to rent out 3 apartments that she shouldn’t even own in the first place. You can blame the land lords, but people rent from them for more than they could buy. Once you own, even if the mortgage is high, that’s yours and as you pay you pay it off. Get some room mates and charge them reasonable rent, not slum lord rent. Do what you have to, to avoid living alone in retirement on social security that all goes to paying for the dump you can’t leave, and do it young!
Unless you were planning to own a house, not surprised you do not at 22. Those who had been planning to in 2018-2021 were able to capitalize. In some cases purchase multiple. Those windows will come again, be ready. Low interest rate, moderate priced. At 34 I went from zero to now two, one a rental and the other my family home. I was renting just the same prior, but sacrificed all the flashy cars, name brand material items to own property. That was on a moderate 35/40k salary from 2014-2020 - my income now net, not gross is also close to 8x that in the span of a few years. Just be ready, the window will come again. If you are not ready it is your fault. Singular goal, own property, leverage property, create business/invest, sell all high. Do it again.
@@duhmojo624 Rent is actually MUCH more expensive compared to average income now, than it was back then. Go back to the 8-'s and they were practically giving away houses for free. Sure, interest rates on mortgages were higher from what I can tell, but houses still ended up being like... Half the price when comparing average income to home price..? Something like that, I haven't looked into the numbers in a little while. Point being, it's still not even close adjusting for those factors.
And interest rates were 9.25% but houses were much cheaper. The value of human labor is diminishing due to innovation: automation, outsourcing, and AI.
Interest rates in 1983 were 13.87% , in 1981 they were 16.63% for the 30 year fixed rate mortgage. 😬
My question is, im 34 years old and will 100% not be able to collect social security. So why the hell do they keep taking it out my check!
Because the Boomers are voting, and they're NOT taking it out for YOU; who do you think is receiving Social Security checks right now? Boomers. Where is that money coming from? You.
Because you’re bankrolling boomer retirement.
It's called a ponzi scheme. When SS was first set up, they said it would take two full time workers for every retiree. Meaning that the population would have to double roughly every 20 years for it to be sustainable. Anyone that know math understands why that doesn't work. It's best at the top of the pyramid and just gets worse the further down you go until it collapses.
Yep, and if a company you worked at treated a pension like a Ponzi scheme as government 401k does the would be all kinds of criminal charges
Dude, wheres' my comment explaining this?
I went to high school in the late 80's. Some people had gun racks in their truck back window with rifles in them. None of them ever pulled them out much less shoot people.
Yup it's gonna get worse, and then it's gonna get *worse*.
Get out of the cities.
Average income in 1980 was 21k. Now it’s 57k. 1980 rent was 17.6% of income, now it’s 38.7% of income. 1980 average home price was 47,200, now it’s 416,100. A home was 2.25 years of salary. Now it’s 7.3 years of salary.
Not only that, if you account for inflation, $21k would be just under $80k... it's never been so over
Do you mind sharing your source? It would be an interesting read
First settler land litterly free for grab xD
Don't use average for an asymetrique distribution. An average income of 57k denies the fact that about 85% earn LESS than 57k and 15% earn far more than 15k increasing the average. I don't know the median for US but it will be more like 24-28k. Much more realistic.
My 2 bedroom single family home is $715 not to big but enough. I have 2.5 garage and big yard. Bought back in 2017
I've seen women insulted by TV personalities for wanting to be a stay-at-home mom.
Because nuclear family brings true wealth to american citizens. Corporate America doesn't want this, this affects their bottom line. They hate that we own homes right now.
Something I've been thinking about: Why IS working overly glorified? Especially for women, why would they WANT to work tirelessly day after day as the value of their money lowers every year? It's such a strange phenomenon.
@@Vaguer_Weevil women don't value working, they value consuming products.
@@Vaguer_Weevil I'm a truck driver, I work a lot because I want to reach financial freedom and I'm figuring if I'm going to chase something while I'm still young then it should be that. I love driving though, I feel naked without my truck
@@Vaguer_Weevilautonomy. Struggling with a voice is better than living in a home that isn’t yours.
The problem is people are living too long now. So social security goes longer and becomes more costly to the government to maintain so the younger generation takes the hit and cant afford shit as a result.
It should be adjusted based on life expectancy after retirement, but that would upset a very large voter base
The death of hope. That is a scary thing I have had that happen a couple of times in my life and they were not good times I learned to never lose hope after that it makes the worst situations infinitely better and easier to get through than not having that.
The education system is there to teach you how to be an employee
Worse, it teaches you to vote blue.
I agree, it’s an employee factory.
@@natediaz1863 Way worse, it teaches you to not think nor question.
Yeah what a shitshow..they teach you what to think instead of how to think..
@@mezjean5966 yeah, and that leads yo voting blue. And don't get me wrong, red is also similar but there's no factory churning out voters that works as effectively as the education system.
Funny thing about Education... The moment I left school for good is the moment I started learning things at all.
School is supposed to teach critical thinking. Unfortunately now it just teaches indoctrination to the message.
Very true, learning is about experiences, not grades. Currently in college and a couple of my hobbies require intense learning, however due to being overburdened by school, I do not have the energy to devote to those hobby. As you can see I have time, I'm watching asmongold, but that's because of severe burnout from assignments that are meaningless.
Same here. If your parents don't teach you about the world, the school won't either.
It would be better if education was shorter and people had more time to experience and contemplate.
Then with some guidance make a decision about further education/work.
@@heroslippy6666 I'm going through the exact same thing. It's painful to have the years go by and not do what you truly want to do. Let's hope things will change for us someday. 💞
@@mcdoucheybag how many previous generations of people were doing for work what they truly wanted to do? like maybe .000000001%?
It’s like all these big institutions are keeping us stun locked and they have no cooldowns.
Nice one.
Your taxes don't fund the government.
You pay taxes to continue the facade that you fund them.
They fund themselves through treasury bonds.
I'm a highschool teacher and the point Asmon is making with "you shouldn't teach Algebra 2 because you only have so much time, and there are more important stuff to learn" is so damn on point. I'd also add that it's not only about your limited time, it's also about your limited energy. Energy is a very valueable resource and as you grow up you should be extremely thoughtful about where when and how you wanna spend it. And never let school get in the way of learning.
It blows me away that there isn't a required "how to file your income taxes and do basic adulting" course for graduation. Even college accounting courses don't teach it. Sure, they'll teach the balance sheet, credits, debits, etc, but NOBODY says "this is a 1099, this is a W2, this is what withholdings are, these are how the the income and social security etc are broken up in our state...
All the teachers I talked to about this were frustrated about being forced to teach very specific things that usually did not matter at all and I think people should do a "definitive replacement of the current people with authority over the field" about it.
Start with asking, end it however it ends up working.
Most kids squander the time they have in schools. There is plenty of space to remove an elective for a year, and make it a tax class, and make it a requirement to pass
Algebra 2 is an infinitely more important topic than "gender studies".
In my opinion, there is no better usage of time than teaching children to find their own answers. I came up with the idea that fire was a exothermic reaction propagated by heat, and gaining energy through Ph equalization in gradeschool. Perhaps it's not the best definition. But I made it up due to a discussion which was outside of school and then research on my part. And I think I would have been better off if I were in more cases forced to seek more of my own answers, rather than having them shoved down my throat.
"Just because I'm paranoid, that does not automatically make me wrong."
Yah. I think alot of people say how entitled they are now and what not. But, millenials and gen z, are absolutely 100 percent entitled to a functioning society, and a economy that does not suck ass. Like 100 percent.
@@qunt100 They aren't just gonna give you everything.
@@videopsych7838nope, they'll take everything from you.
@@filipeisabelinho3425 They will unless you do what our grand parents did and stick up for themselves instead of just talking about it which is why there was a middle class in the first place.
My grandpa raised 5 kids by being a steelworker in North Jersey with a wife that didn't work. And then years after he bought that house he fed the kids on disability income.
He did it by buying cheap property building a house using connections he had in the trade.
There is no cheap land anymore, material costs are so high he could afford them let alone the labor. And a steelworker adjusted for inflation makes much less now than back then.
He put 5 kids in college. They all got bachelor's. If he tried that today or even 10 years ago I'm sure there would have been fentanyl overdoses in the family tree.
"They're just farming money, its crazy."
-Twitch Streamer
🤣
There should be a “practical applications” class that just goes over every math topic people experience in their everyday life. Interest rates, budgeting, taxes, interest rates themselves have some very important mathematics that you learn anyway such as eulers number and exponential growth
I just turned 40. At my age my parents owned their own house, both had high paying jobs (for the time.) And we as a family could afford yearly vacations.
I bust my ass and my wife and I cannot afford a house, we cannot afford an emergency over $400.
There is a saying - 20 years ago you could work at a gas station and at the very least rent a house. Now, you have to own the gas station to RENT the house.
I just turned 40 on the 26th luckily I inherited a paid off house, and now I can save. Millenials will have to start shacking up long term to survive like immigrants.
As Millenials (from SE Asia), me and siblings are somewhat lucky our Boomer parents used to work with the gov and got pensions today just to maintain the current family home. But because of my eldest brother's biggest financial disaster, we had to mortgage the house, and now are selling it without any hope anyone else can afford to buy it as it is but a 40yo crumbling terrace house we the siblings can't even renovate as we're essentially penniless. But, thank goodness the whole family still have one last backup plan; that is the recently paid off grandma's home in my father's hometown. We plan to move all the way back to there when this current family home is sold. If it's ever sold, that is. All I know is that when my parents will be gone in 10, 20 years me and my siblings will essentially be headless individuals without an original family home as the centre. Even the grandma's home in different state might need to be sold off to a wealthier family to help the eldest brother pay off his credit debts.
i'm sorry, but if you're 40 years old and you can't afford a $400 emergency, you've made nothing but poor financial decisions. it's inexcusable for a 40 year old man to have no savings. i know it sucks to be broke but you need to look in the mirror and make better decisions. if you don't understand money well, start learning it's never too late. seek alternative education online, it's all free and there for you if you put in the work.
The reason children aren’t being taught how taxes work or how interest rates work, is because people who know how these things work don’t make you enough money.
no point learning about finance if you’re just gonna get hard locked in minimum wage and not being able to afford a studio
@@dev0hh why you need a studio?
@@Andre-vt4np a studio apartment. the average college student cant afford it without some type of loan or debt.
@@dev0hhalgebra 2 will get you through the exams to become a land surveyor or you can learn the trig formulas OJT. Point is, math is a way up.
Honestly I am on the boat of “no taxation without representation.” Because let’s be real. The middle class and under and not really represented in much of the west.
My mom: it is because ppl like us won't retire, so young folks like you are not getting jobs/promotions.
That's what I've been saying and thinking
Another thing that I would like to mention is that education can be so much more efficient. No I'm not coming from a point of being a smart kid(the difference between smart and dumb is that one can produce more ideas while the others brain remains blank. There are remedies for this). 3b1b's calculous videos which are about 3 hours taught me more then a full semester of calc at high school. There is so much fluff time in school and lectures. At least there is for math. Though this would require the kids to think, which again most don't, but you can teach people how to do logic. You can give them them question and tell them to think. This would develop both there idea production amount and logical thinking. Consequently the rate at which the person could grapple with new concepts would increase and also the rest would be memory. A full class dedicated to thinking then crunching down the rest of the school year would be so effective. People learn by trial and error, the greatest crime in raising a kid is being a parent who discourages trial cause they don't want to deal with the luggage. Grades also need to be different. They take the focus away from learning to getting a good grade, which I also think decreases the amount of retention and learning speed. A kid would have the stress and would constantly carry a need to double check to make sure he or she remembers instead of there entire consciousness and subconsciousness on learning.
It's by design boys, WEF loves this type of shit
Chicago is testing out Taxpayer funded, government run grocery stores. We will have data once it gets around.
Bingo
You will own nothing and still be happy. Eat ze bugs!
Imagine if more CZcamsrs started making content about that three letter organization.
@@chilomine839 imagine if instead of content or voting the people took matters into their own hands.
The worst bosses I've had were all pretty low on intelligence, so they acted like bullies and know it alls.
So whenever they appeared, a boss battle theme started playing.
Sounds like cope tho
Unfortunately dark triad traits are very highly rewarded in business.
how can they be low intelligence if they are your boss?
@@konaqua122 Just like some bosses in video games, they either follow orders of some higher boss or they try the same thing repeatedly wanting results.
They may be smart in certain areas but real dumb in others.
That Romance Comedy line hits hard. I can't even remember the last time I watched one. I guess the movie industry doesn't want to promote a Nuclear family.
What? Thats not what he meant by that comment at all.
@xxxccc4753 Well, of course no one will say that that's the real reason why good romance comedy films aren't made in today's western society. The nuclear family isn't promoted anymore. It's implied in Asmon's statement.
@@kennymichaelalanya7134 No you have misunderstood what he said and projected your own opinions unto that statement.
@xxxccc4753 can you name a good romance comedy that has no W0ke or modern dogma in it? It has to be recent too within the last 5 years or so. That was his point. It's true.
Im the main breadwinner for my landlord's family!
Boomers had EVERYTHING handed to them by the Greatest Generation and then pulled the ladders up behind them.
What are we supposed to do about it? Vote for a boomer who only cares about the wealthy who own stocks.
Handed over by the government? Boomers grew up poor and learned to invest, so now theyr'e villainized because their property values get inflated via the government and they take the cash payments from rich people or corporations offering more than their house is worth? The government and corporations are pulling the ladders. They want civilians to fight amongst themselves so they can hide in the shadows continuing the shenanigans to the economy.
They didn't pull up the ladders, they took the ladders and sold them to people who are charging a fortune to use them.
@@afatfrog5533 Lol dude.. I love that. I think it's more like painting the ladder with butter and telling people it's no different than when they did it. :P
Isn't the boomer part of your family? why isn't the boomer in your family helping you out?
I wouldn't say woman are "choosing" careers. A dual income household is a necessity and has been for quite some time. A single income household is extremely rare today.
You can't support a family on a single income
Exactly, raising a family on a single income is near impossible unless you make doctor or high end lawyer/exec money.
@@bej4987I mean you can, but it's obviously more difficult to earn the equivalent salary of two people alone.
Who are you kidding? Women are 100% choosing jobs over family and that’s been the case since about 1970.
Edit: Liz warren, Pocahontas herself, wrote a book about the self fulfilling prophecy of the two income trap.
@@bej4987 I'm in my mid 30's family of four and I am able to support our household on my salary alone. I work as a senior engineer in industrial controls, so definitely not dr or lawyer money.
It's even harder when not many kids got taught how to grow up, instead being forced to grow up but having the kid stuck inside them, what worse, they tend to carry everything on their shoulders without thinking, like playing a game with all nerfs on them and thought that's the normal state
What do you expect when we aren't taught any better??
I suppose I've been somewhat lucky in life being born in the early 90's. I went to college, got the degree, but never really used it. I applied for a bunch of jobs when I got my degree but I never got any calls. I suppose the employers wanted experience over a degree. I started a business with my mom straight out of college and paid off my house several years ago at age 27. We worked our butts off, sometimes 80 hours a week making sales trying to build money to get principal paid on the house and we eventually did it. I focused on my finances instead of relationships and was able to accomplish a lot in doing so. Of course, I still have student loans from college that I'm working to pay off... slowly lol. I'm not exactly rich by any means but I'm not broke at least. But I do agree with the guy in the video about how men are not dating so much these days due to finances.
Anyway, my point is that if you work hard enough at it, you can earn money and get ahead. I did it being self employed with no guarantee of any income. I didn't get a W2 or guaranteed weekly paycheck. People need to put their focus on their future instead of blowing all their money on wants. I see people blowing money on alcohol, drugs, brand new cars that they cannot afford, every new piece of tech that releases that they don't really need... It's just plain financial irresponsibility.
I like how young people have to "discover" how credit works instead of being prepared for one of the most important parts of our economic system. Our schools suck so bad.
Why do you think they made the crime of usury legal? So they can take everything you have and make it your own fault for being lied to.
How is teaching kids how to finance beneficial to the ones calling the shots in the economy? It's designed that way.
i just bought a truck listed at $28k and after fees and interest when the contract is paid off it will have been $40k. oops lmao
Huh? It’s not a school’s job to teach you about basic fuckin finances. That’s on your parents. Teachers already do way too fuckin much for the pittance they’re allowed to
@@SnailHatanexcept most of the school stuff is useless. Everything that is necessary you'll get in elementary, then it's a waste of time mostly.
Something will be helpful. Like one or two directions out of everything they teach kids in school nowadays.
Some subject about finances will be much more useful for everyone, instead of subjects they won't need.
I remember hearing that in 1950 a dual income household could pay their mortgage with 5% of their income. Imagine paying all your bills and having 80% of your income left over.
Imagine holding a computer that would take up a whole room in 1950 in the palm of your hand, most cancers are treatable, aids is all but cured, 90% of homes and apartments have AC, nearly everyone who wants a car has a car, meals get delivered to your door, you have an adjustable bed, there is endless entertainment online, and all of it can be afforded by even people making minimum wage.... I will stay in 2024 thank you very much. The economy is not a zero sum game and no amount of money could buy the luxury every single one of us takes for granted every day back even 20 years. Those rich people you demonize invested in all those things to make them real, risking their money in the process every time they did so.
@@taigenraine You make a good point. Good to see alternative points of view.
no wonder there were so many mom n pop shops everywhere.... that 80% gave revenue for all those. now household has to count and plan food purchases, not much left over.
@@taigenraineI can barely afford to feed myself and haven’t bought clothes in 4 years. I don’t care about any of that you mentioned.
@taigenraine While I also enjoy the convinence of modern technologies, let's not get it twisted. The people who made these things didn't do so out of charity or some "greater good". The gamble was all in the name of profit. The profitable ideas moved forward where the non-profitable ones died. We're now seeing the extremes of this way of thinking with planned obsolescence and proprietary hardware. This is a game of numbers, and we're going to lose.
The undeniable fact of victory is that someone or something has to lose.
6:09 In Portland, OR when I moved there in 1999, the fast food jobs is where teenagers started their working lives. Within 5 years, it was middle aged Mexicans that held all those jobs. I swear to God, I saw that happening. My little brother was working at Carl’s Jr but had to work in the front end bc the middle aged mexicans couldn’t speak english to take orders. My brother learned all the food words in Spanish. He had to. I can’t even imagine what it’s like there now with the immigration numbers the way they are now. My first job was Burger King, and tho I fucked off, I learned my hard-working skills there (thank God there were peers that were great workers for me to learn from tho))
Professional tax accountant, i can confirm lower income has less things to help on your taxes, than options available to higher income clients.
@123andrewli7 he means tax deductions.
Can you give specific examples? You saying you're a tax accountant means nothing because you're a random stranger online.
Money makes money. From investment options to tax deductions.
@@TheTrueUSPatriot Capital gains taxes are much lower than income taxes. A single mother barely making rent cannot have capital gains in the first place because there's no money to invest. Sales taxes are a regressive tax that hurt the poor more than the rich, since the poor spend more of their money on not starving to death.
@@bulletflightyou mean the poor spent most of their income on food. The rich will likely pay more in sales tax from buying groceries at Whole Foods
Do NOT confuse average with median! When 9 people earn 1.000€ and the 10th earns 11.000€ the average is 2.000€. but the median is 1.000€!
The upper 1-10% incomes increase much much more than the lower and middle incomes. The average invome in germany is 35€/h. But 85% of the population earns under 20€/h.
Median is an average. Mean, median and modal are all averages.
@@Serahpinuhh, no? Mean, median and modes are all measures of central tendency, but median=/average
@@isntmypfpbeautiful5350 No. From the Encyclopedia Britannica: "Mean, median, and mode, in mathematics, the three principal ways of designating the average value of a list of numbers. "
I’m actually moving to Germany due to having my citizenship there as well as America. Things just aren’t working here in America & due to having Praktikum & Ausbildung’s to earn more money that don’t charge as much as American school
@@SerahpinWell that’s certainly one way to say you failed 3rd grade math without directly saying it, this is not a good look for you 🤣
Very informative. Thanks for the video. Appreciated your vulnerability on ‘weakness’ and talking about your teeth story etc.
thanks man
You missed WHY those companies are automating... because the minimum wage is rediculously high. They're trying to make a living mage out of a job that is not meant to do that.
And a lot of people will still blame us for being "lazy" and "entitled" despite working the average amount of hours or even more than what people used to work 20 years ago, in order to gain half or less of what they used to make.
It is that though. What are we doing to change this?
Older people in my family calling me lazy drives me insane. I work 50 hours a week, go to gym 5 days a week and live in my own and take good care of myself. But because I don’t have house, I’m lazy and not working hard enough
@@mildchaos6037 oof
And the reason for that is oftentimes that you won't go way out of your way to help them with something or breaks company policy or ask for even the bare minimum of respect.
@@peanuttgalleriYEP what do you expect people to do though? riot in the streets? demand for less lobbying? you can't do anything with our current 2 party system where money dictates what laws do and don't get passed, get real.
Being born after the 1990's Is playing on Mythic mode with no Stating Tutuorial or Tips. you just drop into the final boss who has 50 health bars and several latin tracks behind it.
Luckily there are others with PVE armor. Share your armor drops people😊
Not gonna lie, I cracked up at latin tracks
You get your first job: GAEL THEME STARTS PLAYING
I take it you never heard of young people trying to start their lives during the great depression?
@@Demosthenes84 nobody was starting shit during the great depression.. they were just waiting for another world war so they could go die in europe for no good reason
Holy crap, dude I love watching your videos. They are helping me get a better perspective of all the bullshit going on around us. I really appreciate you man. Keep it up
The government prints way too much money is the problem.
It's so rough I'm out here financing a pizza.
Dude literally 💀 I'm waiting for my paycheck to get some pizza. And mind you I make over $20 an hour
@@wicho5062saaame
Many thanks to the biden folks.
@@wicho5062 out of curiosity can you share your monthly budget? I am curious on how are you not able to survive on 3.2k a month assuming 8 hours per day 20 days per month unless ur rent is like 2k lol
you think its rough Imagin cutting your check in half again for child support. I surprised my check is not a negative amount
Dave Ramsey's 'Foundations in Personal Finance' is now being taught in 45% of high-schools across America. However, you can lead a horse to water but you can't force them to drink.
I know some people might have issues with Dave Ramsey’s boomerisms, but the basic knowledge and advice is sound.
It just works
Dave Ramsey is a standard out-of-touch business owner who is just reasserting delusional ideology which is hostile to workers.
😂where did you get that statistic
Yeah it's their fault for not saving! Nothing to do with the deficit spending money printing devaluing the currency haha??
i traded cigarettes for food when i was a kid, suddenly the food cost was cheaper and had something to smoke as well :d
As a middle-class Filipino (which middle-class' population is more than half of Philippines' total population), I'm so sad that we (almost) reached the point that inflation like this went to far to not owning the house. And my condolences to other countries where there's little to no middle classes
I would largely blame this on lobbying. The rich are making the laws and those laws benefit them. Changing lobbying should be the number 1 priority for average Americans.
It's gonna take something huge to make the masses to get that to change.
@@shcdemolisher Agreed. It is depressing since almost every American agrees on it regardless of their political ideology.
@@michinwaygook3684 right ? I'm not even american but i know we can all fight this. The far right because of their obsession with hand rubbing and the far left because they want to make soup for all. If you get what i mean.
@@michinwaygook3684 Which is good that we can all agree on SOMETHING that affects us all, but are like powerless to do anything without plunging the country into chaos.
Even if you called our house rep and they miraculously managed to push a bill like this through House (LMAO!)
Senate would filabuster the fuck out of a bill to make bribery illegal.
The current system isn't created for the average person.
It’s not even that the low skill jobs are automated, its that they don’t pay enough to live unless you have two or three of them. You have to work so much just to get by that there’s barely anytime left over for anything else. This is why no one is having kids as well. We have to work more so there’s less time for building a family, less time for building skills. Not to mention we’re so busy trying to afford food and rent we can’t afford to go to school.
Why would I have children If I can't even pay for my own schooling?
@@yimwee2401 exactly
Yep at 70k a year, I have to make sure the first to weeks of the month are loaded with enough hours to pay the rent.. then the 3 week is for other expenses and finally week four is what I might be able to save...
This is largely the result of many broken families. Ideally you would’ve had training while still with your parents.
@@abc123lov7 yea together me and my fiancé make about 55k, luckily for us where we live that’s enough to live comfortably, but only because we found a landlord with cheap rent.
People are idiots and don't understand how taxation works. Taxaxtion is theft. Besides that clear point, look at the figures when taxes have been high and low in the past. Raising taxes lowers tge amount taken in. Here is a very basic run down for people that just have never thought about it. First, when you raise taxes on businesses you take in less. The business reinvests most the money so that minimal profit it made but the business grows. It also stifles new small business, even putting recent ventures out of business, costing jobs. So the end result is less money taken in. When you lower taxes, more money is actually taken in. Businesses use more income as profit that is then taxed. New and small businesses grow leading to more tax sources. Jobs increase further adding to the total. Its really not hard.
What is happening now should be criminal. The government produces no goods or services. Their only means of production is theft of your labor. Which they redistribute wastefully, the largest portion going to themselves. They tax a business when they make the dollar, they tax the same dollar when its goven to you, the same $ when you spend it. They tax it if you save it. They tax it if you give it away. They tax it heavily if you die. Hell, they even tax it if you put it under your matress, through engineered inflation. Its immoral and should be illigal. Our fathers', fathers', fathers', would not have put up with this. We just roll over and say, yes daddy. The US government needs to be reminded that they work to serve the people, not the other way around. They have made people so dumb and uninformed that people dont even know what they dont know. Its sick. Even sicker, they are trying to pass a 25% "unrealised gains" tax. That means if you jave invested in hopes to have a retirement, and you dont have 25% extra of that to give daddy, well you will just have to seel it now and give the don his cut.
I disagree with your AI girlfriend solution. The solution is simple. Disband the FED, and have a single low tax on dollars, paid at income. Revert the government back to its functions as laid out in the constitution. Use the tax to pay the servants a reasonable wage, and put term limits on all government jobs except judges. The left over money can be voted on for what public services each state wishes to fund. Its not a hard answer. The problem is the level of ignorance and apathy. If we did just those things, it would fix many of the problems. The rest of the issues stem from having a debauched and godless culture, and no amount of policy will fix that. "The young men perish for a lack of vision." This is wisdom. It does not change with the age. Men have let feminism and communist influance destroy the family structure. They have no meaning or purpose. Therefore we see the result. All the issues you raised. If men knew again how to be men, and took joy in their God given role, their would not be these issues. That will only change if enough people see the result of the choices we are making culturally and desire better. I dont have a lot of hope that will change, but it can.
i love this
If men had treated women like fellow humans in the first place, the feminist movement wouldn’t have arisen to given with.
Asmongold is wrong. It's not about how smart you, but how willing you are to take advantage of the people around you. Elon Musk is a big example of this and funnily enough he is a saint compared to other ceo's. Most Ceo's will run their company into the ground so they can get a payday. Cutting staff that they need and various other things. When a company goes bankrupt it doesn't shutdown most of the time. Vice went bankrupt last year and is still posting videos. So how rich you are is based on being awful enough to take advantage of others and destroy their lives to do so.
The reason why we don’t learn these very useful things in school is because a lot of companies have lobbied against it. Imagine how much money H&R Block would lose if people knew how to do taxes? Imagine how few realtors would be hired if people knew how to buy a house? It’s all on purpose.
And all the licensing you need to do what before would be considered extremely basic stuff. You need to spend $10k on an education and piece of paper to do a $20 job (legally).
Fuck learning how to do taxes, those glowing bastards will do them for you and send you a letter. They can do them themselves.
Learning all those things would be amazing. It would also be nice if people graduating high school could read
@@KleptomaniacJames yeah actually in most countries the government just lets you know how much you owe. (As long as you aren’t freelancing)
@@comradewarners the USA will let you know as well, just after you file your taxes with hefty fine on top
There are more ghost jobs than actual jobs.
New information scalping
If it were me, I'd make income taxes $600 a year. That's it.
Own a house, add 0.1% of the value, own a car, add another 1%, grocery taxes should be 0%.
That's it. No other taxes, your taxes should not exceed $1000 a year, and if it does, you just have to pay $1000.
UI does not fix anything, it actually breaks more things than it fixes. Why? you are adding $$$ to the system without adding value to the system. Essentially, UI comes from taxpayers, and if there are no taxpayers, there is no tax being added to the system, so the government needs to create new money so you can take things, like food, out of the system. This means the value of the food will stay the same, but it's cost will increase.
Look at Welfare. Welfare was designed to help people in a bad situation, but as soon as you make over $1600 in a 3mo-period, you stop getting it, forcing you to make less to stay on it. It only takes laborers out of the system, while they take from the system without adding anything to it.
tl;dr: it doesn't work.
Life is 100% more easy for good looking ppl
Dude even knows what Discord is; it's nice to see someone actually do their research and know what they're talking about, especially on mainstream news.
This is the end. Im injured laid off and homeless now. 4 years ago i had a 3/2 home 3 vehicles nice savings and had a nice stock portfolio. No one will hire me now 😊. Its so hot out here and i have sunburn on top of sunburn. I have bad nerve damage and a deteriorated neck and back. Every shelter say they have no more resources. Going from being a foreman in industrial construction for 27 years to being always told no. Today is the first time Ive been in a room overnight with ac since September of last year. Its so easy to say no……i hear it everyday i see it everyday. I helped build military bases, hospitals, universities ect…as a supervisor😊. Now im used to all of the accusatory looks and just told no. Call me dumb, say what you want. But i never stopped pushing even when i was unable to walk and was bed ridden for months then crutches for months. Honestly until people are less judgmental and a little more compassionate, people not doing well dont stand a chance out here. Ive worked since i was 13 and full-time since i was 18 im 46. You guys cant roast my ass more than the sun has 😂. I’ll see you in hell Johnny!😁
I wish you the very best brother
@@colelangford6369 thx not looking to good. Ive been turned away from every homeless shelter bc theyre full. State of Fl wont help at all. Ive contacted every nonprofit, homeless shelter, DCF, every person i talk to they give me another number to call. Just transfers and no’s. There’s actually no room for me in this life. Pretty wild. Before i couldn’t be replaced and now i cant get a job cleaning toilets or flipping burgers. Ive applied everywhere. I get turned away just across the board. I speak well and look “normal”, most people dont know im homeless when they talk to me. I have no criminal history and dont drink or do drugs (i dont even use caffeine or nicotine). After all of the betrayal and backstabbing from family theres literally no one and nothing😊 just waiting for ☠️
Yeah, it can get rough, but we Gen-Xers expect that.
Is there any work you can do?
What about disability benefits?
@@BetaBuxDelux they said it would take 1.5 years to process disability. Im limited when it comes to manual labor. I could easily end up unable to walk. That would be the kiss of death for me. I have to be very careful even when moving my body with out any added weight or items. Ive been applying every where i go and nonstop daily applying online w my phone. My work history is ruined since feb of 2020. I apply to entry level and these kiddos look more employable on paper than i do. Even when they tell me no or dont respond i show back up a week later to try again. I think im cursed with so much bad luck.
@@franciscastlesr.888 you can do it! 💪
More of this plz mate. You get folks thinking, even if they challenge a point in the moment. Well done sir. Well said.
My workplace for example is trying to 2 one million dollar units from the 80's, and overhauled the units to the point it might as well be replaced. Instead, the people in charge decided to act like 2 teens trying to revive a wornout shitbox instead of acting like a professional and replace a well worn out engine with a newer and stronger engine
"We don't have the budget" maybe if the management decreased their own wages they'd be able to afford new ones
I'm a Gen Xer, this man spoke nothing but facts. Know your real enemies. This notion that this has happened all in one generation is complete BS. This erosion began with my generation and has just continued to get worse.
It started way back in 1917 when American consumerism was sold to the American public for the first time
@@mezjean5966any fool can consume. It is not consumerism from 1917. It was a string of events that hurt PRODUCTION. 1913 creation of the Fed reserve (congress gave all control of their power over coining money to a private unelected bank). 1971 saying gold wasn't money anymore and we can all exchange monopoly money. Im between all that gold was devalued for politics (FDR).
End the fed. Exchange in gold. End welfare programs. The world will make sense again. There are no free lunches. Never had.
@@mezjean5966 ? no, it really started 3 years ago. 3 years ago EVERYONE had access to the American dream. In 3 short years homes, gas, food have ALL doubled. This is being done 100% by design and you will be in chains. The real problem are Elites and their puppet politicians around the world.
@@mezjean5966 How about this, you go be a millionaire in 1917 then, and I'll stay lower-middle class in 2024 with my phone, computer, decent car, central air, streaming entertainment, and adjustable bed and enough food to get fat and lazy brought to me by consumerism. Kings and Billionaires years ago couldn't imagine the luxury we live in today in America. You and this guy don't understand this isn't a zero sum game, the tides are rising every ship, and you are just jealous of the ship that is rising faster and higher. Life is good right now, just enjoy it.
@@taigenraine cool
Wich one of you will raise a family and not be a genetic dead end?
Which one will be less likely to log off?
The people who put all this in motion care a LOT about such things even if you might not. And they are wealthy now.
I’m tired of it.
Than stop being lazy and do something
@@MrMultiPlatformTypical vapid reply
Boomer detected
@@MrMultiPlatformKyle Rittenhouse showed the solution
They're not stopping til you're six feet under. And maybe not even then.
You get a tax credit if you buy a home. You get a tax credit if you buy an EV. Do you have a large amount of stock? You can take a loan against them and avoid taxes. So tax credits and waivers are meant for the rich. Super weird that people who can afford to buy a home can get a tax credit to help pay the interest but those who can't even afford to buy a home get nothing.
This is all BS the biggest single handed reason for the wealth transfer is the federal reserve. Low interest rates allow big corporations to pull out loans with no interest. Meanwhile you try to pull a loan you'll be pay 20% on those loans. So the 1% pulls massive loans and invest in whatever they want and make instant returns. This is all due to low interest rates and government spending
An average price of a home is ten times the amount it was in 1980, whereas average income has only gone up three times as much. That tells you everything you need to know, on top of everything else that has skyrocketed in prices
Dont forget one imporant thing. Now new products are trash. Like you buy frigde 40 years ago its possible its still working. Now you buy frigde/tv/phone its 3-5 years. Houses itself also. Pipes getting cracks and need replacement etc.
@@TheDomanc Planned obsolescence. So many companies do it and have an unspoken agreement with competitors so that they all do it. It's straight up crony capitalism, the exact type of thing that federal regulators should be outlawing. But the politicians are in the pockets of these corporations so they do nothing.
@TheDomanc, yeah, you look at houses on the east coast that have been around for hundreds of years. They don't have the same problems that new construction houses have today.
Back in the day you had to have 20% down to buy a house, now you can do it with 3% down. Things are expensive, but people spend $$ on frivolous shit like interest, door dash, going out to eat, etc
When I was growing up my parents sometimes talked about the value of their house. I know that with my current savings in the US i'd be half way there to a really fancy family home. In the price our house was worth 5 years ago i'd be a third of the way there. Now I need half a million dollars (or more even since they are outbidding those asking prices to) for a terraced house (Thats one of the houses attached directly to the house of your neighbors). Meanwhile here in the Netherlands rental is simply not available even if you have the money. So I wouldn't be able to get a house even if I tried, and if I push trough and force it i'd be in permanent debt the moment the market normalizes and unable to move to a nicer house.
Just remember, most establishment heads and people in authority/power/money all are convinced we are just making up all the stories that we're having any troubles at all that aren't self-inflicted.
We have evolved in a way to sacrifice the poor human masses globally in order for higher valued humans to keep their power thru nepotism & corruption to run the human race while we slave away as a little cog in their big opressive machine
They're not wrong but also not right.
They're wrong because inflation is ridiculous and keeps going up, taxes keep going up, things we buy are made through a controlled obsolescence.. and this affects all of us extremely negatively.
They're only right about it when it comes to a slim minority of individuals that don't work, or barely work, have no ambition or drive and just sit around, leeching the system and such. And they really think we're ALL this type of person, which they're wrong.
Good thing the robot fleets with embedded AI+3D printers are currently being unboxed and given a cursory overlay of every existing industry along with the algorithms given to accountants to determine the entry points. Just pull up a statistical Bell Curve for whatever it is you think you do, determine on that curve whether you are a mode, median or mean, and if you don't know... then now you know, you're being replaced soon.
The stock market is at all times highs, everyone who put even a little bit of money in is doing great. If you aren't rich, it's your own fault for being dumb.
And they aren't wrong. You guys literally willingly go into crippling debt for 0 fucking reason majority of the time. Credit card debt is the majority of the American debt.
13:15
this is a weak reason. I watch my parents every day after work do the same form of thing I do, but they just watch TV for like 5 hours until they sleep. Is being terminally online and terminally watching TV any different really?
An easy solution to this is, tax holding stocks that exceed a certain amount.
Hold 10k in a single stock? Tax them 10%, and have that go directly to social security. Have retirement age be 40s, at a reduced rate. Have retirement income scale down as you get older.
1k a month minimum, no matter what. Rent is automatically free. Anyone 70+ lives tax free, income over 15k/year is taxed at 90% at 60+. You retire automatically, as long as you have been living in the US for 20+ years. Leaving the country forfeits this, even if you come back a day later.
Vehicle, and Home payments (including rent) are considered tax deductible. Letting you reduce taxes on income with rent payments.
Rent is capped by 1000$ USD per 100 Square Foot of living space. 1 Floor, 1 Bedroom, 1 Bath, 1 Living is automatically capped at 500 USD no matter the size. Land can add to it, but grants the renter full privileges of the landscape, including remodelings, and building a fucking moat if they want too.
10 Years of consecutive renting, grants ownership.
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I'm almost 30 and still live with my parents. When my parents were thirty they already had two kids and the house we currently live in and could afford to take vacations to other states including Disney World
Same here…feels like shit man, not gonna lie 😕
Same. I work with a colleague with which we studied together in elementary school. She now has a kid and is single, paying rent, last month she was really depressed that 80% of her wage went to pay off rent, electricity, heating, water. I cracked a joke that she needs a man, because I had been courting her for the past few months, but she blatantly said that she does not need a man. So in reality I have no incentive to move out from my parents and lose money.
Same though I am moving out as soon as my apartment is finished building. I moved back to parents when Covid hit, still paying rent for three months after despite pandemics and being able to live there. I am being asked over and over about grandchildren as I just hit 30 lately. How can I think about it when I had to move back to parents, was disconnected twice from people I struggled to connect with? Broke up long time relationship due to focus on finishing my degree and being unable to support my ex in hard times physically... Then health problems due to desk job. Fuck. There is always another raincloud to fuck me over after I finally see sight of sun and go out.
Hey that's the current situation of life now.
More and more complain and worse off moving out too soon and living alone.
The bills have skyrocketed. Electric, gas, water
Something tells me from your profile pic that your own actions (or lack thereof) are the result of you being 30 and living with your parents
Went to college, 23-28 made 40k a year working in my degree field. Switched to the trades at 28, 30 now on pace to make 270k this year. The systems a scam, college is a scam, wish I did this years ago.
Good stuff, keep it up and don't give up, stay away from bad women, I wish you luck 👊
What trade are you in? Curious
@@TheObicobiHD building powerlines. IBEW
Over heard a lady in her 50s talking about a college course she is enrolled in and thought, "It's so over for you."
what trade did you switch too and congradulations for your success in life.
Damn you’re brilliant! Glad I subscribed. I wonder what your take would be on the mouse utopia experiment?
You got really personal with a lot of these points and that was good. Ive been watching you for over a decade, and this video really shows that you're real.
Its not just automation thats killing jobs. Artisan jobs that used to exist in America have been shipped overseas to places like China and India because it's cheaper to pay somebody overseas for the work and ship the goods back than to just have them made here.
It's not cheaper because of wages, it's cheaper because of no worker or environmental protections. We outsourced worker harm and environmental destruction.
@@michaeldavid6832wages are less competitive
@@iiyyxxnn That's because if a worker loses an arm in the cotton gin there's no safety net.
@@iiyyxxnnthese countries also do forms of slavery as well so yeah
@@LegendOfTheFLame393 the USA does as well. The 13th amendment makes it legal to force someone to do work as a punishment for a crime. If you get short on cheap prison labor you just make more things illegal or increase pressure on the communities you want to catch in your net.