ObjectivityIncarnate

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Joined 11 months ago
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Cake day: March 22nd, 2024

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  • Yes. Those people consider things like this part of the “cost of living”, not the luxury that it is.

    On average, people have more of an issue overspending than they do underearning. That’s why even among people making six figures, 1 in 4 of them live “paycheck to paycheck”, which people assume to mean ‘barely make enough to make ends meet’, but what more commonly means ‘deliberately chooses not to save/spends every dollar earned’.















  • ObjectivityIncarnate@lemmy.worldtoLemmy Shitpost@lemmy.worldFeelin free
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    29 days ago

    An asset appreciating in value does not deprive anyone else of money in their wallet.

    If you bought a rookie baseball card for $5, the player had a great year and now the card’s worth $100, your net worth increased by $95. But who is down $95 as a result of your card becoming more valuable?

    Nobody. Wealth is not zero sum. And the vast majority of increases in wealth among the wealthiest is newly-created wealth. You literally can’t become a billionaire in a human lifetime simply by short-changing your workers. A linear increase like that just will not get you there.

    Also, wealth in the form of purchased investments into businesses that run within the economy, is literally the opposite of hoarding. If you buy things with your money, you’re not hoarding your money.




  • Let them know that they changed the term to “climate change” so that stupid people would understand that the Earth getting hotter on average will make some places colder, because ice that used to be staying put, will now melt into water, which will flow into places where there wasn’t water before.

    That’s about as dumbed down an explanation as is possible, I think, lol.