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this post was submitted on 25 Jan 2024
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Technically correct, but (inadvertently) misleading because some who don't click the link might assume it's their own fault for failing to save.
To be clear, what we're really talking about here is generational theft of wealth by institutional racism.
The concept of "just save your money and you'll be rich" is so fucking stupid.
You can't save what you don't have, so you have to be comfortable enough to have disposable income and to have enough disposable income that you're not completely giving up on any daily or weekly pleasures to make your poverty-stricken life any less of a pain.
God forbid you want to grab a coffee from somewhere because you work 12 hours a day 6 days a week just to pay your bills. "YoU ShOuLd Be SaViNg ThAt MoNey!"
Which leads into how we're fucking up with wealth disparity and tax structure and capital gains.
It wouldn't take them ten generations to catch up if payroll taxes were less than capital gains. It wouldn't take ten generations to catch up if the top 0.3% paid for our public healthcare instead of us getting fucked by funding our own private healthcare where we're getting gouged left and right. We'd be a lot closer to those ten generations if we hadn't stomped on Tulsa, and didn't take every other opportunity to take advantage of the poor. Enjoy this $35 overdraft fee.
And they'll never catch up because we've dropped the estate taxes to absurdly low levels. 15 generations from now, in 375 years, Jeff Bezos descendents will still be much better off than any middle class family. (Assuming nothing changes.) That's absurd. It's one thing to provide for your children and grandchildren, but at some point your family should have to provide something back to society again, even if your great, great, great, x5 grandfather did invent the wheel.
We're all getting fucked, they're just getting it worse. Their fight is our fight, even if it's just for selfish reasons. You think the cops can't get away with shooting your kid just because he's white?