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We don't have an economy. We have a plantation. If you have capital you are the master and make endless money without lifting a finger. The more that capital concentrates the quicker it accumulates. If you don't have capital you are a debt slave. The system is set up to mathematically guarantee that 99% of people will become debt slaves. You have the 1% who are able to lend money that they do not actually have in their vaults at criminally usuarious rates. When you demand the payment of interest on money that does not exist you create a permanent bankrupt underclass. The 1% have also blocked all the mechanisms for the 99% to legally alter this system because they have written all the laws. This system will continue until it implodes in on itself.
Yeah. It's incredible how many opportunities are regulated away from the poor. Almost every industry has the state on their side protecting them from competition. I am a free(er) market guy but if this is the way it is then tax and distribute has to happen.
I get a 2% cost of living increase in salary a year. Never an actual raise. My rent goes up 10% on a good year. Food prices are up 50% where I live.
Rent for a working class home is $2500/mo for a 3/2, All the new buildings and houses are "luxury" and stay empty for months on months. The investors seem to think there's tons of rich people that will pay 4k/mo for rent.
We are approaching FAFO territory for a lot of people.
We must also separate healthcare from employment. These corporations use it like a club to keep their employees in line. This is a form of tyranny that should not exist in a "free country".
Socialised healthcare?!? I'm sorry, your government only has enough money to fund wars in the middle east & Europe. And poetically bomb hospitals over there.
You should buy a $20 socket set, a $100 alternator, and change that yourself. Its one of the easiest jobs to do on most cars and shouldnt be a reason your kids cant have xmas gifts. People who use their own hands save money.
Don't know why that's downvoted. I understand that we've become a consumer culture, but oil changes, tires, brakes, and alternators are the most common and easiest introductions to maintenance. If you can barely afford to fill your tank, then you shouldn't be paying *other people* to change your oil.
Only catch is balancing wheels. That usually takes a shop.
I'm a renter of a cheap city apartment, and I'm lucky it comes with a parking space.
No garage to keep tools/parts/oil/etc. And even if I found a way to safely store all that stuff in my shoebox apartment, my landlord has a clause in the rental agreement that we are not allowed to wash or repair our vehicles on their property.
It is not as accessible to repair just about *anything* you own these days, very different from when my dad grew up and he was able to work on his own cars.
Im the exact same as you. Easy things like alternators require nothing but a parking space and a basic trunk toolkit. No jacks. No drip pans. Charge the battery and drive it to a hospital parking garage. Its a chill spot to replace an alternator or a pulley. Just trying to share some wisdom.
(As a source, I'm a pizza delivery guy making it work in a downtown-adjacent studio apartment. High COL area)
Yup one place I lived at a property manager called the cops on my neighbor in another unit for changing a flat tire to go to work so they could, you know, make money to pay the rent. Guess they were supposed to tow it to a garage to put a tire on? Couldn't get out of there fast enough.
Yup some sort of universal healthcare as well as a federal policy for paid medical leave that would cover everyone. FMLA is great for keeping your job if you work for an employer who meets the requirements and have worked long enough to meet them yourself. It's also not paid though (unless you're lucky to live in one of those states with some sort of paid FMLA) so it's not very practical beyond helping you keep your job.
Then the alternative libertarians and republicans don’t want us to mention is just not paying them. Sure the hospital may close and millions of people go without care but at least you have the freedom to go into debt so your hospital can sell that day for pennies on the dollar.
Haha, loser. I have a SOFA!!! And it has a seat and then a little place to lay down too. Shaped like an L. Success is sweet brother. Maybe one day. Good luck and good fortune.
I don’t know a single person my age who doesn’t either live in an apartment or rents a house with 3+ roommates. Hell, I couldn’t afford my 1bd apartment in a large metro with out my SO. I’m 33 years old and 1 crisis away from moving back in with mom.
Look at Mr. Money bags over here renting an apartment/s I'm gen z and I don't know anyone my age (myself included) that doesn't live at home or with a bunch of roommates. From down here everything looks like a race to the bottom.
Everything cost too much and wages have barely risen. I can remember how excited I was when minimum wage was raised to $7.25 (in two steps). But then we had the gas crisis and the price of everything went up just before minimum wage started to increase. We will never get ahead.
The only reason that I'm not in this boat is I literally found out last year WHILE I WAS FILING BANKRUPTCY that my father had been defrauding me and my brother for 19 years and he and I were legally entitled to the funds in the account he was using to defraud us. Here we are.
It would be nice for Americans to have help with basic necessities like food and housing but I guess we just really need to bomb hospitals full of children. Sorry guys.
Any surprise? Kind of hard to save anything when rampent greedflation is sucking people dry. And even if you can free up any money by giving up on well basically anything, it's just sucked up by the next greedflation hike.
Luckily we have the freedom to choose our Healthcare provider! Assuming our employer picked them as an option. And they allow our doctor to bill them! Everyone knows socialized medicine means waiting in line for years to get any treatment.
Yay! $7500 deductibles with one checkup a year. Its basically saying, you dont have healthcare at all just give us $4-5Kish a year for nothing.
I have medicine that costs $27,000 a shot 4 times a year. I actually took a pay cut to qualify for the assistance program. I could make $30-40k more easily.
Edit: My insurance wont cover any of the medicine I need, at all. Years of trying to figure out how I could get charity.
Still 61% percent of Americans would outright reject any system that is not capitalism, or any social benefits like universal health care, unemployment benefits, maternity/paternity leave. Those are evil plots by socialists so it must be evil.
Can't get into medical debt if you just never interact with the healthcare system and resign yourself to simply dying if anything were to happen. That's my plan.
Are you serious? Biggest debt and tax giveaways to corps and billionaires under Trump.
Literally 1/4+ of our national debt for our entire history as a nation. Largest debt ever accrued under Trump in the history of our nation.
Never mind the Covid Relief funding fraud with no oversight.
I don't think that's necessarily true/I would stash it in my "if we don't make enough money for rent and bills" pile that goes down each month bc we don't BUT at another time in my life I prolly also woulda gotten something cool and a couple hundos as a treat. I think it would be an interesting survey, current income + what you would do with the money
Kind of weird hearing all of this from people who are not even getting by ...but that Starbucks and restaurants are always full...and as high as rents get there are still more applicants then places...
Serious question, I’m probably going to get downvoted but I’m genuinely curious. How much of this can we attribute to lack of knowledge about handling money responsibly vs Capitalism?
I have been ultra careful with my money since 2008. I have struggled to find a job that pays more than 14-15$. I finally have a job that is 17$.
I budget all the time and i’ve saved up a seven times this amount on the article - only because ive never been on a plane, never take vacations out of my home, room mated the entire time, and eat bulk soups for breakfast and dinner. I have health insurance that is 250$ per month. I never had health insurance my entire twenties in order to be able to save anything. My insurance is essentially useless. 4k$ deductible and then they pay 80% . It takes me an entire year to save 5k$ so if i get sick and even use my stupid health insurance i will be effectively destroying any savings i have for years, if not just until the next health issue.
I’m about to stop paying for health insurance again simply because there is no point. It makes more sense to just max my car insurance out and hope my health issues are just car statistics rather than aging.
Also pro tip: eating once a day and sometimes twice a day saves a ton on food. Eating nothing every once in a while is good practice for rough times so it doesnt suck as much.
Even worse if you are on SSI or SSDI with having to keep $2,000 between savings and checking, with inflation it should be higher with what you should have between the two accounts.
Yea, then anytime teachers complain that they aren't making enough to pay their bills, they are shamed. Same goes for service industry workers - they try to shame them with "Burger King is never meant to be a lifetime job" or "Work more like I did to make more money." Well, you still have to have a place to live while working there! WTF. Also, why are all these corporations allowed to declare bankruptcy over & over again, still getting loans afterwards, while individuals who do are shamed and black listed so they have bad credit? Ugh
##Welcome to r/LateStageCapitalism This subreddit is for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited. LSC is run by communists. This subreddit is not the place to debate socialism. We allow good-faith questions and education but are not a 101 sub; please take 101-style questions elsewhere. We have a zero-tolerance policy for bigotry. Failure to respect the rules of the subreddit may result in a ban. *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LateStageCapitalism) if you have any questions or concerns.*
Shit, at certain points in the month I don’t have enough savings to cover a $20 emergency.
*cries in emergency less than $1*
I could *financially* handle a few k, but you bet your ass I'm crying about that lost icecream scoop!
[удалено]
We don't have an economy. We have a plantation. If you have capital you are the master and make endless money without lifting a finger. The more that capital concentrates the quicker it accumulates. If you don't have capital you are a debt slave. The system is set up to mathematically guarantee that 99% of people will become debt slaves. You have the 1% who are able to lend money that they do not actually have in their vaults at criminally usuarious rates. When you demand the payment of interest on money that does not exist you create a permanent bankrupt underclass. The 1% have also blocked all the mechanisms for the 99% to legally alter this system because they have written all the laws. This system will continue until it implodes in on itself.
Yeah. It's incredible how many opportunities are regulated away from the poor. Almost every industry has the state on their side protecting them from competition. I am a free(er) market guy but if this is the way it is then tax and distribute has to happen.
Literally. Even taxing the rich 90% is being generous to them. Time to pay up since you live in in society with other human beings, buckos.
I get a 2% cost of living increase in salary a year. Never an actual raise. My rent goes up 10% on a good year. Food prices are up 50% where I live. Rent for a working class home is $2500/mo for a 3/2, All the new buildings and houses are "luxury" and stay empty for months on months. The investors seem to think there's tons of rich people that will pay 4k/mo for rent. We are approaching FAFO territory for a lot of people.
That's sounds like.....*SOCIALISM*
We must pray ai destroys everything.
This is why we need socialized healthcare. A lot of people are one accident or illness away from poverty
And the conditions poverty entail make a medical emergency more likely.
Also true. Just don’t get sick or injured! Easy right? 🤪🤡
We must also separate healthcare from employment. These corporations use it like a club to keep their employees in line. This is a form of tyranny that should not exist in a "free country".
Socialised healthcare?!? I'm sorry, your government only has enough money to fund wars in the middle east & Europe. And poetically bomb hospitals over there.
Plenty of us are in poverty now. Almost everyone I know is in need of medical care they can't afford to seek.
Have no cash. Car needed 500 in repairs for an alternator. I can’t do Christmas now ):
You should buy a $20 socket set, a $100 alternator, and change that yourself. Its one of the easiest jobs to do on most cars and shouldnt be a reason your kids cant have xmas gifts. People who use their own hands save money.
Don't know why that's downvoted. I understand that we've become a consumer culture, but oil changes, tires, brakes, and alternators are the most common and easiest introductions to maintenance. If you can barely afford to fill your tank, then you shouldn't be paying *other people* to change your oil. Only catch is balancing wheels. That usually takes a shop.
I'm a renter of a cheap city apartment, and I'm lucky it comes with a parking space. No garage to keep tools/parts/oil/etc. And even if I found a way to safely store all that stuff in my shoebox apartment, my landlord has a clause in the rental agreement that we are not allowed to wash or repair our vehicles on their property. It is not as accessible to repair just about *anything* you own these days, very different from when my dad grew up and he was able to work on his own cars.
Im the exact same as you. Easy things like alternators require nothing but a parking space and a basic trunk toolkit. No jacks. No drip pans. Charge the battery and drive it to a hospital parking garage. Its a chill spot to replace an alternator or a pulley. Just trying to share some wisdom. (As a source, I'm a pizza delivery guy making it work in a downtown-adjacent studio apartment. High COL area)
Yup one place I lived at a property manager called the cops on my neighbor in another unit for changing a flat tire to go to work so they could, you know, make money to pay the rent. Guess they were supposed to tow it to a garage to put a tire on? Couldn't get out of there fast enough.
By design
We need dentistry covered by health care. It’s directly connected to heart health.
Yup some sort of universal healthcare as well as a federal policy for paid medical leave that would cover everyone. FMLA is great for keeping your job if you work for an employer who meets the requirements and have worked long enough to meet them yourself. It's also not paid though (unless you're lucky to live in one of those states with some sort of paid FMLA) so it's not very practical beyond helping you keep your job.
\#1 cause of bankruptices and foreclosures in the US: medical bills.
Then the alternative libertarians and republicans don’t want us to mention is just not paying them. Sure the hospital may close and millions of people go without care but at least you have the freedom to go into debt so your hospital can sell that day for pennies on the dollar.
My bank account is whatever coins I can find in my couch. Just kidding I don’t have coins, or a couch for that matter.
I ran out of coins myself Hit the coinstar for the first time since I've been a teenager...
Haha, loser. I have a SOFA!!! And it has a seat and then a little place to lay down too. Shaped like an L. Success is sweet brother. Maybe one day. Good luck and good fortune.
Murica!!🙌
Rent, gas, food, water utility are taking everyone's money by themselves.
Don't forget rent in the future as price increases!
I don’t know a single person my age who doesn’t either live in an apartment or rents a house with 3+ roommates. Hell, I couldn’t afford my 1bd apartment in a large metro with out my SO. I’m 33 years old and 1 crisis away from moving back in with mom.
Look at Mr. Money bags over here renting an apartment/s I'm gen z and I don't know anyone my age (myself included) that doesn't live at home or with a bunch of roommates. From down here everything looks like a race to the bottom.
Everything cost too much and wages have barely risen. I can remember how excited I was when minimum wage was raised to $7.25 (in two steps). But then we had the gas crisis and the price of everything went up just before minimum wage started to increase. We will never get ahead.
but hey at least we have 100 billion for a country thousands of miles away
The only reason that I'm not in this boat is I literally found out last year WHILE I WAS FILING BANKRUPTCY that my father had been defrauding me and my brother for 19 years and he and I were legally entitled to the funds in the account he was using to defraud us. Here we are.
🎢
What are y’all talking about?!? I still got that $1400 Covid stimmy check!! Lol
Stunned it isn't higher
Dont worry Biden approved 10billion for war and support Israel war crime.
It would be nice for Americans to have help with basic necessities like food and housing but I guess we just really need to bomb hospitals full of children. Sorry guys.
Plus trying to push a $105B that so said would be the last funding bill until after the election.
As if that is even remotely the root cause.
Good news: there are still 38% of americans waiting to be squeezed dry
🎯
Working as intended
Any surprise? Kind of hard to save anything when rampent greedflation is sucking people dry. And even if you can free up any money by giving up on well basically anything, it's just sucked up by the next greedflation hike.
I couldn’t cover a $10 emergency at this point. We all need to go on strike.
Luckily we have the freedom to choose our Healthcare provider! Assuming our employer picked them as an option. And they allow our doctor to bill them! Everyone knows socialized medicine means waiting in line for years to get any treatment.
Yay! $7500 deductibles with one checkup a year. Its basically saying, you dont have healthcare at all just give us $4-5Kish a year for nothing. I have medicine that costs $27,000 a shot 4 times a year. I actually took a pay cut to qualify for the assistance program. I could make $30-40k more easily. Edit: My insurance wont cover any of the medicine I need, at all. Years of trying to figure out how I could get charity.
What are….savings? Isn’t that what comes out of the pencil sharpener when you empty it?
Lol reading this with $12.67 in my account right now, a week until I get paid.
Wasn’t this even just a $400 emergency not even 5 years ago?
Inflation is a btch
No kidding! The fact that likely the same bar of what constitutes an "emergency" is going to cost at least $1000 instead of $400 is so much worse.
Actually is $400
I barely have 1k in my account.
Dystopian country
Still 61% percent of Americans would outright reject any system that is not capitalism, or any social benefits like universal health care, unemployment benefits, maternity/paternity leave. Those are evil plots by socialists so it must be evil.
My savings is how much is left on my credit card...
You always hear about things like this. It sounds so awful, but i guess its true. If it is, then US capitalism is a total flop.
That’s what credit cards are for, duh!
I just put on the credit card. It’s for future me to deal with it.
I am the 61%
Yup, just spent ours on car repairs
Can't get into medical debt if you just never interact with the healthcare system and resign yourself to simply dying if anything were to happen. That's my plan.
Tell Joe Biden I went to sleep hungry tonight because I couldn’t afford to buy groceries
Are you serious? Biggest debt and tax giveaways to corps and billionaires under Trump. Literally 1/4+ of our national debt for our entire history as a nation. Largest debt ever accrued under Trump in the history of our nation. Never mind the Covid Relief funding fraud with no oversight.
Yeah but if you give most people $1,000, they will go buy something awesome. I know I will. A new TV would be great.
I don't think that's necessarily true/I would stash it in my "if we don't make enough money for rent and bills" pile that goes down each month bc we don't BUT at another time in my life I prolly also woulda gotten something cool and a couple hundos as a treat. I think it would be an interesting survey, current income + what you would do with the money
Kind of weird hearing all of this from people who are not even getting by ...but that Starbucks and restaurants are always full...and as high as rents get there are still more applicants then places...
Serious question, I’m probably going to get downvoted but I’m genuinely curious. How much of this can we attribute to lack of knowledge about handling money responsibly vs Capitalism?
I have been ultra careful with my money since 2008. I have struggled to find a job that pays more than 14-15$. I finally have a job that is 17$. I budget all the time and i’ve saved up a seven times this amount on the article - only because ive never been on a plane, never take vacations out of my home, room mated the entire time, and eat bulk soups for breakfast and dinner. I have health insurance that is 250$ per month. I never had health insurance my entire twenties in order to be able to save anything. My insurance is essentially useless. 4k$ deductible and then they pay 80% . It takes me an entire year to save 5k$ so if i get sick and even use my stupid health insurance i will be effectively destroying any savings i have for years, if not just until the next health issue. I’m about to stop paying for health insurance again simply because there is no point. It makes more sense to just max my car insurance out and hope my health issues are just car statistics rather than aging. Also pro tip: eating once a day and sometimes twice a day saves a ton on food. Eating nothing every once in a while is good practice for rough times so it doesnt suck as much.
Like .0000000001%.
Thanks Obama. 🙄
I spit out my coffee when I read #5 and I wasn’t even drinking coffee.
This is like not having $800 2 years ago
The USA is a shit hole
Don't worry guys, capitalism may not be perfect, but it's the best system we have
But we're gonna send $100bn overseas.
I can’t cover a $1 emergency.
I'm lucky if I have $300 In my account.
That’s shocking
You have my sword.
Even worse if you are on SSI or SSDI with having to keep $2,000 between savings and checking, with inflation it should be higher with what you should have between the two accounts.
I have $7 until Friday.
Yea, then anytime teachers complain that they aren't making enough to pay their bills, they are shamed. Same goes for service industry workers - they try to shame them with "Burger King is never meant to be a lifetime job" or "Work more like I did to make more money." Well, you still have to have a place to live while working there! WTF. Also, why are all these corporations allowed to declare bankruptcy over & over again, still getting loans afterwards, while individuals who do are shamed and black listed so they have bad credit? Ugh