“the economy” is not your economy or mine. If we made all our money from investments, we’d be doing ok. The growth in our wealth would be outpacing inflation.
Our wealth is tied to wages. As long as we impact someone else’s bottom line, we won’t be getting ahead, ore even keeping pace, with inflation.
That is why someone that could theoretically live on illiquid investments would be in a better position, especially since the market has been doing quite well all things considered. However in actual reality we need to buy shit from these corporate oligarchs and they are fleecing us because they can, not because of actual economic pressure.
You’re so close with your final sentence, but you miss the forest for the trees when you say getting ahead or keeping pace with inflation. Inflation is a charged word that encompasses more than just the problem here. Right now the majority of the problem which has actual impact to actual people begins and ends with out of control corporate greed and unrestrained capitalism.
You’re right. I definitely didn’t spell it out. I think I forgot to mention it because in my mind, it goes without saying. Thanks for the heads up. Not everyone lives in my mind, right? Lol.
“the economy” is not your economy or mine. If we made all our money from investments, we’d be doing ok. The growth in our wealth would be outpacing inflation.
Our wealth is tied to wages. As long as we impact someone else’s bottom line, we won’t be getting ahead, ore even keeping pace, with inflation.
You’re missing a piece here: corporate greed
That is why someone that could theoretically live on illiquid investments would be in a better position, especially since the market has been doing quite well all things considered. However in actual reality we need to buy shit from these corporate oligarchs and they are fleecing us because they can, not because of actual economic pressure.
You’re so close with your final sentence, but you miss the forest for the trees when you say getting ahead or keeping pace with inflation. Inflation is a charged word that encompasses more than just the problem here. Right now the majority of the problem which has actual impact to actual people begins and ends with out of control corporate greed and unrestrained capitalism.
You’re right. I definitely didn’t spell it out. I think I forgot to mention it because in my mind, it goes without saying. Thanks for the heads up. Not everyone lives in my mind, right? Lol.