HaiZhung
@HaiZhung@feddit.org
- Comment on Housing prices 2 weeks ago:
Yes and that is the logical conclusion of what I said above.
If regular people and families have no buying power, then houses that suit their needs will not be built. Rich people have buying power, so luxury apartments and suites will be built.
- Comment on Housing prices 2 weeks ago:
I think this is way too complicated, a much simpler effect describes the housing cost:
Wealth inequality drastically worsened over the last 40 years. The uber rich got even richer: while the vast majority of people has little to no money and can’t afford a house or other assets.
Rich people have (compared to their wealth) low consumer spending, but they massively accumulate wealth.
What’s the wealth spent on? Assets.
That’s why you see all the assets go up - stock market highs, gold price up, housing prices up, everything up.
It’s as simple as that. Rich people don’t know where to put their money except buying more assets, which drives their prices up massively.
- Comment on 10 miles to escape a bill 3 weeks ago:
TBF mountain hiking is considered an extreme sport and you would need a private insurance for helicopter rescue anyway. Germany, Austria and others include this if you join the alpine club, but it’s not part of the normal public health insurance.
- Comment on Why The Economist hates wealth taxes. 2 months ago:
Ngl I was kinda pumped to see Gary take on the economist after I posted it’s cover here.
Great video as always.
- Comment on HD 137010 b 6 months ago:
It’s not that far away IF we discover a method to perpetually accelerate in space with 1g
- Comment on Donald Duck: Power corrupts, absolute power corrupts absolutely 9 months ago:
Wealth tax is very popular across voters. Now is the time to push for it.
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Zack doesn’t have to be elected to push the Overton window on this. Look at what Garage accomplished over the last years, and he got his first MP, when, a year ago or so?
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we need to be compassionate with each other. Remember that reform voters get propaganda served all day every day, and so it’s natural for them to accept it at some point. Don’t hate the people for it when they can barely feed their kids.
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the right has a very compelling story: your living conditions are bad because of the foreigners. They keep telling that story again and again, and on a superficial level it seems to make sense. We need an alternative, positive story that is forward looking. How do we want our future to look like?
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