Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Makes you wonder whether it is worth the effort : /
The Game of Life.
We used to have that board game.
To break the pyramid seems like it would never happen unless we had a major global fallback. I don't know, something like a global pandemic.... oh wait...
The pyramid seems unbreakable. To suddenly stop this way of life, is to completely strip everyone of everything.
"It's only after we've lost everything that we're free to do anything".
Tyler Durden
They do but they make a lot of people rich along the way.
If you play the game well enough then you will be entirely insulated from the damage as well. Jef Bezos ain't going to be swimming to work or sweating his way through 40 degree summers.
The Game of Life.
We used to have that board game.
To break the pyramid seems like it would never happen unless we had a major global fallback. I don't know, something like a global pandemic.... oh wait...
The pyramid seems unbreakable. To suddenly stop this way of life, is to completely strip everyone of everything.
"It's only after we've lost everything that we're free to do anything".
Tyler Durden
Wonder how it will play out. Will it come crashing down in a war for resources?
Will it just ebb away as the wealth divide grows and people just accept it.
Will we all blame the past in the future for not listening about climate change?
Will AI or some other technology be what does it?
Certainly seems like things are stacked against the status quo.
Soldato
- Joined
- 4 Aug 2007
- Posts
- 22,002
- Location
- Wilds of suffolk
Don't see pyramid personally.
I see a game thats unequal and reflects that there are ups and downs, and that some get to start with a load of extra gear and a few hacks that normal people don't get.
How many people who lived through WW1 or WW2, or the great depression would see now as somehow far worse than they saw, not many.
I see a game thats unequal and reflects that there are ups and downs, and that some get to start with a load of extra gear and a few hacks that normal people don't get.
How many people who lived through WW1 or WW2, or the great depression would see now as somehow far worse than they saw, not many.
No, everybody will be blaming the millennials or the Gen Xers for having all the money. They are all super rich will be the cry.
We won't as a cohort have as much as boomers. But likely more than next tranche!
Associate
- Joined
- 21 Sep 2022
- Posts
- 79
- Location
- Upt Norf
Same here. Right pain to find a new phone for around £250 that is a sensible size though. I think I had about three to choose from and everything else was huge.
Well, I'm not sure. On the face of it they may not. However actually experiencing it, may tell a different story:
The inequality gap may matter more than some politicians and corporate leaders would like to believe. Capitalism may have lifted millions of people around the world out of absolute poverty, but inequality can be corrosive within a society, says Denise Stanley, a professor of economics at California State University-Fullerton. "Absolute poverty is basically folks are able to get… $4 per day per person. It’s a threshold measure," she explains, but relative poverty can unbalance a society over the long-term. Even if the economy is growing, income inequality and stagnant wages can make people feel less secure as their relative status in the economy diminishes. Behavioural economists have shown that "our status compared to other people, our happiness, is derived more by relative measures and distribution then by absolute measures. If that’s true then capitalism has a problem," says Stanley.
"Inequality can unbalance a society over the long-term"
As a result of rising inequality, "people have less trust in institutions and experience a sense of injustice", according to the Edelman report. But the impact on people's lives may go deeper. Capitalism in its current form is destroying the lives of many working-class people, argue the economists Anne Case and Sir Angus Deaton in their book Deaths of Despair and the Future of Capitalism. Over "the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year", they write.
Why the next stage of capitalism is coming
It's done so much for human well-being, but it's far from perfect. Will capitalism as we know it evolve into something new?
www.bbc.com
Happiness and contentedness in society has and always will be relative.
Last edited:
*correction - the boomer wealth is being transferred to gen-x.
Fair enough, but in the next 5 to 10 years millennials will get their's too.
Last edited:
Soldato
- Joined
- 4 Aug 2007
- Posts
- 22,002
- Location
- Wilds of suffolk
Indeed, so many issues and such weak politicians.
Doesnt help however that they have a population of "me me me me" so all they need to do is promise that group and they can take power.
Soldato
- Joined
- 4 Aug 2007
- Posts
- 22,002
- Location
- Wilds of suffolk
Bit off that I would say.
20 or so probably.
The wealth passing on gap extends ever more as life expectancy increases.
I for example would likely be into retirement if my parents end up living to a good age.
My parents inherited (from one side only) whist still in work but at the end of my Dads career.
For a lot of people it isn't already and expect the Gov to save them because there's no way they wouldn't, right? I fear we'll end up like some counties with no safety net at-all.
Last edited:
You're missing the point. Yes you should save for a rainy day rather than to profit off the interest, completely agree.
Lets say you've put enough away to pay your rent/mortgage and costs of living for 6 months in case you lose your job. Now lets assume inflation stays at 10%, and the account where you put the money gives 3% interest, and 10 years later you lose your job. Your savings will now only cover rent and cost of living for 3 months, not 6. The value of the money you saved has literally halved, reducing your incentive to save it in the first place. This is why it is important that interest on savings accounts keeps pace with inflation. Right now it isn't.
Quoted for relevance and emphasis.
Last edited: