what’s extra pathetic, is they paid for a stupid blue checkmark from some douche who’s actively working to make shit worse for everyone
Don’t forget musk gave blue checks to people that protested the blue checks costing money out of spite.
Well how old is the account and did they keep doing what they said they would?
Didn’t all the original blue marks get taken away? So if he had one before muskrat took over, it shouldn’t be there anymore unless they paid for it
Did they do it, guys? Did they expose the system?
Just one more social media post, bro. The next one will totally change the material base by revolutionizing the social superstructure, bro.
They did! They exposed the system by buying a blue checkmark from a Nazi. Got em!
I’d actually kill to get a home for 400k. Unfortunately it’s like 2 million
Yeah the house example doesn’t fit well with the numbers listed in the post. 113k -> 400k would mean that the price has roughly doubled twice over 36 years or undergone a 3-4% compounding increase in price per year. That’s still a lot, especially since housing is usually a person’s largest expensive. But the rate of increase isn’t as much as that of college education, where people end up with loans today that rival mortgages of 30 years ago.
Housing price is largely post2020 thing, it was slowed by 2008 and took slow growth after that until it spiked. The biggest thing was remote work filled in the cracks and people bought the absolute dirt cheap houses so the min floor raised a lot nationally.
The minimum wage has been increased twice since 1997, for an increase of $2.10.
Yes but there is a functional wage floor at market rate that has gone up continually, that doesn’t apply to every field though. But there are not that many jobs that don’t pay more than federal min unless they’re government set in some way at minimum.
The only other thing that exploded financially is “millionaires income”.
I’d rather have read that sentence without “financially” and “income”
Be the change you want to see in the world.
Does anyone know if college is accurate (including all the hidden fees)? I went about 15 years ago, and state schools were $10k/year for just (in-state) tuition, $20k/year for tuition and room and board. Private schools were closer to $40k/year for everything.
I’d be pleasantly surprised if it wasn’t more than $30k a year for college now.
Tuition exploded in the 90s. You were already on the bad side of it. I graduated from an “expensive” private college in 1982, and it was about $10k. If I’d gone to a state school, it would have been about $3K.
Even my older sibling (ten years older) had significantly cheaper school in the early 2000s than I did and significantly more expensive than you. I honestly just expected it to keep growing at an insane rate- I hope it’s leveled out some.
Side note: I was really excited to earn $35k/year at my first office job in 2015, because I grew up with $40k in mind as the “made it” salary. I was… disappointed.
My first programming job in 1996 was $35K a year. It was pretty disappointing even then.
I went to a liberal arts college in the late '80s and tuition there was about $13K a year. Tuition at comparable liberal arts colleges these days is in the neighborhood of $75K, so it’s in the neighborhood of a 6X increase (without factoring in inflation). Which is still a fuck ton but not quite as bad as indicated by this post. However: college tuition (especially at colleges like this) is a very fluid property. They offer quite a lot of “financial aid” which is really nothing more than a discounted rate rather than any actual money changing hands, and it’s quite typical for a student to end up paying half the quoted rate. A college’s tuition can be better regarded as the maximum rate they’re going to charge kids from better-off families.
Yup thats how they do it. I went to a liberal arts college like that in the mid 2000s. 20k scholarship out of 30k tuition/boarding. Next year it was up to 35k. Year after would have been 40k, schalorship did not increase. Transferred to state school no scholarship but it kept my out of pocket about 12k.
It costs me about $8K for this semester at my community college living on campus. So I think that would probably end up being $16-17K for the year.
You can get much lower, but those are subsidized in state tuition rates for residents. That’s more 6-12k a year with the Pell grant covering community college completely if you’re low income. Same as housing, that’s completely address dependent, although it has gone up. But the lowest cost housing was more like 20k for a house in 90s. There are still houses for high 100s now.
This person was living in a very expensive area. In 2015, you were able to find rent for $450, it would’ve been less in 1990. That also must’ve been a huge house in 1990, because even in 2000, you could find a 3 bedroom house for closer to 70-80K in a city.
123k seems to have been the median for a new home in the country when I googled it, average was higher. A bit of googling says that the average (not median this time) amount for rent in the US in 1990 was 447.
Think they just googled average numbers for 1990.
Average is heavily skewed up by places like NYC existing.
Oh and average new home sizes have gone up, though not as drastically since 1990 since they got pretty big by then already, but compared to the 1950s, it’s up 3x.
I guess they were being a big disingenuous with the house price then. Normally when house price is listed, that is purchasing a home, not building one. Building will always be more expensive, so it makes sense that building a house back then might be six figures, but you could easily find a house for sale under $70-80K in 1990.
Companies are making a bunch of money, inflation is going at 9 to 15%. Meanwhile we get a 3% raise if we’re lucky. The big orange flatulence is making the biggest American lemon squeeze happen, and we are the lemons.
I’m all for shitting on Donald Jessica whenever I can but this started long before him
This started at the same time that top-tier income tax rates were brought down from their 93% peak in the late 1950s. Turns out that when you find yourself above that line, you take efforts to actually spend money on things you can deduct, rather than buying up shares that you can’t deduct. When you find yourself with profits $10,000 over the line, and you’re told to send $9,300 to the IRS, you tend to say “Well, fuck that, I’d rather pay out $10,000 to the guys who brought me up to the line, rather than $9300 to the tax man.”
If you stiff your workers on that excess $10,000, you only got to keep $700. If you fuck over the workers who put you $10,000 above the top bracket, you get $700. It’s worth a lot more than $700 to keep those workers happy, so you pay out the excess as a bonus, and bring your net income back under the line.
Now, though, it’s not a $700 reward for fucking over your workers. It’s $7000. If you have $10,000 over the line, you can fuck over your workers and keep $7000, or you can pay out $10,000 worth of bonuses. Given those options, they all fucked over the workers.
In addition. Don’t worry about who cut that last hole in your parachute as you drop at high speed towards a most inevitable and abrupt stop… And maybe a dead cat bounce.
Anyway, my wife’s car was rear-ended and totalled twice this past year. We buy used but recent so I am 20 grand down this year. Thanks Obama LOL. It hurt financially, emotionally and physically. I was riding and had the kids with us for that second splat, and it was painful. I don’t know what kind of stupid fuck crashes onto a car waiting to make a left at a school zone bus stop corner non the less… On a nice straight away! That stupid asshole bitch was on her phone and petting her dog with driving a good 45mph on a 30. Comes out saying she can’t find her phone… regret on her face for driving while texting.
Anyway the point is that my much older sister in law gave her Honda pilot to her daughter and ordered a Lexus for 70 grand. WTF! She calls it a retirement car. Me, I’m sweating bullets at work trying to keep my job and jump start a couple of the most dull interns you could imagine ever to graduate driving my good old Prius. Everyone seems to have it better than me… except for the interns. I’m having to use my sharpest chisel and mallet to teach them a nice sharp cutting edge. They’re gonna need it. But I digress…70grand on a car while you’re near retirement? She’s either dying and not telling or just plain dumb like a bell. Or loaded. Or both loaded and just stupid. Or maybe that’s easy for people with money and it’s just far from something I would ever do.
My kids are so wasteful…lord have mercy! When I was in school I would keep one pencil for most of the length of the pencil. I would sharpen it with a blade…at school. Now that’s illegal. The kids are required to bring a box of pre-sharpened pencils! Apparently sharpening a pencil is a waste of time. Imagine that! So you open a pencil box, you pull out a new pencil and you write until that tip gets dull. Then you throw it away? And you grab the next pencil??? Oh and my oldest chews thru the tip of her shoes like they were free. Come to find out my wife is going to buy her new $175 dollar shoes??? When I was a kid shoes were $15 to $25 bucks at K-mart. No rebook stuff, We always got the unbranded white foam fake leather upper running shoes. I haven’t seen those in a while but man, those were good shoes. $175??? Holy shit, that’s like a couple of outfits at Goodwill.
It’s a new reality for me. That’s why I just go to work and I let my wife handle the money. I don’t care how much I make or how it’s used up. I grew up poor and if I end up under a bridge one day, so be it, I guess. I just hope that journey teaches them kids something before it’s too late. Live within your means. Life is an unfair bitch ass game and we already lost before even knowing the rules. Only the rich can decide what to do. The rest of us can pretend to make decisions.
It’s not hard to expose.
There’s a reason that wages have stagnated. Our political parties are paid to keep it that way, and very well. Companies have discovered that you can “donate” to the parties in power, and in return just enough Democrats will oppose higher minimum wage, or just enough Republicans will vote for the “tax incentives” to build your new facility (free building).
Both will abandon their own “principles” and work against their own constituents, and this is why the rest of the world can have universal healthcare and we can’t manage it; the rest of the world can pay much better wages for their baseline workers and we just can’t quite make it.
Look at the worker benefits for EU nations. Poland now pays almost as much as the USA (with much lower costs) and working benefits that most US workers can’t even dream of (universal healthcare, maternity leave, yearly paid vacation, and more).
The FED sees to it that inflation continues to outstrip wages, as that’s what the Fed is for. That’s why they exist. Inflation is the tax.
In the civilised word we have had the same increases in in cost, but income has followed somewhat behind it. Not enough, but at least some. For my country, we have lagged behind inflation since 2013, but are trying to watch up, but some dystopian socueties has had minimal income flat since like 93 or something, so it could be worse. It is utterly fascinating that such a young country as USA, existing fully as an opposition to the many financing the few, whose only large societal disagreement being if to treat some or several humans as humans, but of course not all, going so all in on the few benefiting at the cost of the many, and it not starting anything close to a in actual civil war. The founding fathers would have disowned their creation generations ago.
Sorry for my non English ADHD brain not being able to split or simplify that sentence any more. I actually tried some.
All these increases are way higher than what you’ll get if you check an “inflation calculator” online. Interesting, huh?
