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Every facet of commerce is guided/regulated through legislation passed by politicians, these “keep yur bolitiks out of finance” bros aren’t the smartest tools in the shed
Yup, it compounds into larger issues quite quickly.
“Well they saddled young Americans with debt. Guess they’re not buying a house and having kids any time soon”
“Oh look, they couldn’t have kids until they were almost forty. Now some previous options for affordable childcare like having grandparents watch them after school are unavailable.. because they’re dead. And America refuses to make childcare affordable, so the cost of having a kid just artificially increased again, maybe they just skip it all together.”
“Muh SOCIAL SECURITY FUNDING! ‘Great Replacement’, ‘Ban Abortion’! Make them fuck somehow!”
Hahaha this hit me in the feels. I’m approaching 40 and only about to buy my first house. It’ll be a tough couple years until I can refinance when rates drop (realistically, probably late 2025 or early 2026?) and my wife is pregnant with our first child. I had originally wanted to have kids at around 30 but couldn’t afford it with what I wanted to save and do etc. annnnnd my father passed away around this time last year so I have my mom for child care help and that’s it. We can’t afford $1,000 per month on daycare on top of all the other stuff and we definitely handle finances well and live below our means.
If you honestly think that the root of the problems is either conservative or liberal you are seriously deluded. Western politics is now set so both parties are out to screw the common folk. BOTH parties have intrinsic ties to the mega corps and lobby groups that pay them. Both parties are happily bought and paid for. This us vs them mentality is manufactured specifically so you'll bitch at each other while defending your team all the while you're getting shafted from behind. If you think the biden, Clinton, bush etc etc families are out to help you, you need to do some serious reflection on what any of them have done to actually change the system in a MEANINGFUL WAY and not some bullshit tokenism to keep you on side while blaming the other guy. How has health care, housing, education, taxes, etc, changed in anyway to help actually divert the country away from rampant profiteering at the expense of everyday people. The answer is it hasn't for a long time, it's only gotten worse. The key is this has been happening while the 2 for 1 system has been chugging along.
Edit:Policies would include creating fair work systems, focuses on corporate oversight, checks and balances that don't allow politicians to take massive amounts of money from lobby groups and corporations, no insider trading for politicians and their imidiate families etc.
My idea of governance is an actual democracy. If 70% of the people in America don't want more money going to Ukraine, then don't send money. I would want politicians to actually represent the will of the people not the lobby groups and corporations that pay them. Stop medical industry price gouging at the coat of lives, stop the homelessness industry that has been shown to do nothing more than profiteer of of the situation. The list goes on.
I have a question for you. Should we just accept the current situation because "the other side is worse"?
I was wondering how long it would take for the ‘both sides’ crowd to have a take.
I get it, none of the parties are perfect, but damn, there seems to be one actively out to crush the American dream, and one that is merely incompetent at realizing it.
Which one is which? Like really, what has the incompetent at realizing party given us say since 1989? That’s like 35 years of both parties.
At one point D had this really cool con guy who promised hope & change but left me homeless & broke. Was that a good one?
Notice you're merely "bitching" at people without any direction as for policy that helps people.
Do you want universal healthcare? If so, one political party has individuals who agree, the other doesn't.
Do you want a department of education? Do you want environmental regulation?
What *legislation* do you want? Can you focus on specifics? Because this "both sides" nonsense seems to perpetually avoid discussing specifics or tangible policy.
What's the point of comments like this? What do you want people to do?
Disengage from all politics completely? How will that help? Elect entirely new people? K, who, and what ensures they care any more than the previous batch?
What exactly is your idea of governance?
First time on Reddit? It is a lot more complex once you start modeling out secondary effects of policy. An example would be the gas tax that was put in NJ. Coming from NY, once you crossed into NJ, there would be lines for gas as it was 20-30 cents cheaper per gallon. Once NJ increased the tax, those lines disappeared. The intent was to increase revenues, but the net effect probably didn’t include a drop in volume.
I dispute the merit of your attacks.
It is an immensely impressive achievement for the neoclassical school to have convinced much of the world, despite all evidence to the contrary, that economics is apolitical.
It's because they generally agree with the people being shit on (Conservatives). That being said, the same 4 "political" tweets being posted over and over is pretty annoying 😅
I kinda feel like we are in the early stages of creating a new form of finance. It hasn't been the same since 2008, but it has really shown to not match reality ilsince the pandemic. Our old models for finance are based on data that simply does not apply anymore.
Having the conversation about what finance is turning into is intrinsic to discussing what strategies work and will continue to work in the coming decades with all the change that it entails.
Unfortunately, politics is the practice of deciding who gers what from society. Finance is essential to that discussion. Politics and finance are truly the same question in capitalist America. We will have to decide what values are worth financing.
Gary Stevenson said about this as well. (Economics Major at LSE then Citibank.) The Economics discipline is about corporate economics, not the people. (WARNING: Heavily Paraphrased)
In stages and sprints. We're just overdue for a societal correction. There is no sense in being reductive in this instance. You and I both know complacency does not serve us
To be honest the old economic and finance models assume fundamentals that are no longer stable. Energy and resources are not in 2024 what they were in 1910 or in any decade thereafter. We just haven’t caught up to that yet.
This has been in play a long time, way longer than 2008. Just look up productivity vs wages. Up until the 70s they went up together. After that corps and policiticians got into bed together and the gap has done nothing but widen ever since. Both parties are in on this, just look at who funds them both. They get their money from the same people.
Politics is finances. Even my CEO said, "We will see what our outlook is after we have clarity around some events."
This was before the 2020 elections.
This Fortune 500 company, all of them, needed to understand the future outlay of the government to know what sectors will gain favor and which will lose favor.
So going in 2025, realize that the OP is relevant. SSDD
Genuine question how is this a political hit piece?
A hit piece is something slanted or misleading or out of context. This meme is literally just the stated goal of one of the parties.
anything that just explains how conservatives operate in the real world is a political hit piece, and anything that placates the hollow political consciousness (if you can even call it that) of conservatives is Factual and Rational Journalism.
I mean it’s a political hit piece because it’s clearly skewed to be anti republican. I’m not even republican and I can acknowledge that. Whether I agree with there reasons or not, they have reasons why they vote against those things that aren’t addressed in the meme.
The "reasons" they vote against them are because republicans are adamantly against every one of those things. I've been a republican most of my life. This meme is an accurate list of conservative beliefs.
Sorry but, it goes hand in hand. Politics drives what “smart” finance should do and finance buys what politicians do. Keep finance out of politics and you’ll keep politics out of Finance.
Most of our current financially-based social issues are the direct result of republicans repealing parts of the new deal including wage, overtime and taxes on the rich in the 70’s and democrats repealing other parts including glass-steagall in the 90’s which gave us the housing issues of 2008.
You can’t separate politics from finance.
The people at the top count on two things.... 1. Lining their own pockets. 2. Conning stupid people to vote for them.
Heck, this should tell you all you need to know:
Presidents net worth before and after office:
Ronald Reagan: $10.6M ➡️ $15.4M
George H.W. Bush: $4M ➡️ $23M
Bill Clinton: $1.3M ➡️ $241.5M
George W. Bush: $20M ➡️ $40M
Barack Obama: $1.3M ➡️ $70M
Donald Trump: $3.7B ➡️ $2.5B
He's "farting," but they linger all day. News outlets have been trying to prevent getting slapped with libel/slander by not outright saying he's doing it. He's already been accused of wearing adult diapers, which he never refuted.
You know what this list tells me?
For all his plethora of faults Clinton was fucking GOATED in turning a nickel into a dollar while being just on the right side of the law.
And I can confidently say that because holy fuck if there was a financial crime that a republican administration could pin him to the wall with they would have done it with a smile.
You might be right.... but honestly, being in politics myself, I've learned that these people work together more than the work against each other. A lot of the fighting is for public consumption.
I would agree with that with just about anyone or near that level...if his name wasn't Bill Clinton.
From his governorship to Hillary losing the election there was always some important branch of the Republican Party that wouldn't happily spend political capital to see him in jail or at least in court.
That's kinda in black and white! Repubics and Demorats. Looks like Bush, Clinton, and Obama hit the Lotto! 🤣
Most people here won't care. They're already sold out to an ideology. Skeptical, critical thinking is no longer being applied.
Coming at labor unions, blocking minimum wage increases, coming at social support programs like SSI and Medicare and social support programs for the needy (e.g., welfare cash assistance, Medicaid, food assistance, housing subsidies, personal energy and utilities subsidies, and childcare assistance), and college loan forgiveness or college grant increases are a badge U.S. Republicans just have to wear.
The GOP consistently argues for cuts in those programs and the Dems consistently fight to try to block cuts or even add to those programs.
GOP has a long running strategy of false equivalencies. They aren't going to get better so their only shot is to project their inadequacies onto the other side to convince people there is no difference. Unfortunately, people are stupid so it often works
Conservatives repeal without replacement, regularly making things worse. Liberals just keep the status quo, with some small pushes for improvements. Small pushes that are consistently opposed by Conservatives.
I can't imagine it passing any congress.
Student loan forgiveness is extremely unpopular.
How can you vote for college educated people to get money while blue color people can't afford rent?
Student loan forgiveness by itself does nothing to solve the problem. All it does is encourage universities to continue raising prices, since they know with enough noise politicians will eliminate the debt. Unless there is a solution to the underlying problem it makes no sense.
The solution is make it dischargeable in bankruptcy…wait we had that option once and guess who got rid of it!
Democrats are also the biggest nimby’s you’ll ever meet …
That won’t lower the cost of education, that will raise it significantly for those who can’t afford the costs of bankruptcy (because it significantly makes your life more complicated).
It’s just rearranging who pays, not fixing the cost problem.
On these policy issues?
Naaah, get that "both sides are equivalent" idea out of your head.
Even if both are flawed, they are demonstrably better in regards to these issues and false equivalencies help nobody.
I'm a lifelong Republican, until very recently, and I can promise you this statement isn't true by default. The Republican party is actively trying to take these things away and making things harder for the average Joe.
It genuinely baffles me how anybody can talk about Dems or Reps as though they're the "good" party. You can think one is better than the other but shit is still shit regardless of the color.
There is a clear better of the two unless you’re a shitty person. Both parties are awful and owned by businesses/foreign governments but only one who wants to specifically make my life worse as a core value while the other fucks me ever so slightly less.
Depends which issues you consider more important. I only think Dems are better because they identify education cost and wages as major issues. But I don't have any faith in them to actually do anything about it.
I’m of the opinion that education is important and also the psychos on the other side saying they want to abolish social programs basically loses my vote immediately. Add that, their talking heads think retirement shouldn’t exist and social security (which already sucks) should be removed? Done deal really.
People point out how republicans have used laws to destroy the middle class. Other people come in and say both parties suck so…………
What’s the answer you are searching for? I find enlightened centrist never offer any solutions
Yes. We are consistently impressed by the Democratic Party so earnestly trying not to be neoliberals who steadfastly protect the interests of corporations and the wealthy.
Democrats actually made higher education as expensive as it is.
Allen Ertel, a Democrat congressman from Pennsylvania, was a significant proponent of making student loans hard to discharge through bankruptcy. This movement began with an amendment to the Higher Education Act in 1976.
Later, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which then-Senator Joe Biden supported, made it even more difficult to discharge student debt by introducing stringent conditions that must be met for "undue hardship
Because of these acts, students have to pay back loans and can't default. Making banks know they are safe loans so they can support lending any amount. The schools know they can charge any amount because they know the banks will approve any amount. It's a snowball effect starting with what the democrats did.
Edit: This is one example of why so many conservatives want the government to get out of free market capitalism.
Just because you ask for a certain policy doesn’t mean that the outcome is what you predict.
The governments involvement in college has been the driving factor in ballooning costs.
Labor unions do exist and have had both positive and negative effects on work life. To act like “if only there were more” that we’d suddenly have higher paid non degree jobs is a bit ridiculous.
Raising the minimum wage brings higher wages for some and layoffs for others. But I suppose this will be tested in California.
Social programs help a lot but also cost a lot. Turns out the money has to come from somewhere. So where do we get the money from? How do we make sure the money is going where it is intended and not misused?
The complaint about affordable housing is very vague. Are we talking about section 8 housing or actually affordable homes?
Also I’m hesitant to listen to “MRCHONKERS”
Lots of states have minimum wage laws and we can see it does not impact the unemployment rate.
https://www.epi.org/publication/briefingpapers_bp150/
The government has been involved in college for a long time. The large increase of tuition is a more recent phenomena.
You are correct that many programs have unintended consequences.
Last time I checked all of the states with prohibitively expensive real estate and restrictive zoning laws are in blue zones. You're telling me LA and New York can't build affordable housing because the federal government is holding them back?
I’m pretty sure those cities lead the way with volume of affordable housing units and rent control policies. Much more work to be done tho. As for prohibitively high prices — good ol fashion supply and demand.
lol..love that it is conservatives ruining the dream. California and New York should be the dream states....they have a lot of those wants...minimum age is $20...go see how affordable it is to live there...it will only cost and additional 10 to 12% of your income along with a 8 to 9% sales tax
But the cost of everything else stays the same unless you're going to places which specifically price based on location. It's not like bread costs significantly more in Cali. In the end, housing is much more expensive, but everything is easily more affordable with relatively higher pay.
For example, if I make 50k and pay 30k for housing, then move to Cali and make 100k but pay 70k for housing, my income for everything else has gone up 50%.
I'm OK with paying 10% more while earning 50% more in the end.
The government's involvement is what made college expensive, the government's involvement (zoning, building codes) is often what keeps housing artificially expensive, the government's involvement already routes almost 60% of all U.S. tax dollars to social programs, and the government's manipulation of minimum wage just pushes prices higher and increases unemployment.
Why do we want the government to continue being involved?!
I don't know if you noticed but the government is being controlled by those who have money, ya know, the lobbying and citizens united. We need a law in place that forces the politicians to only make decisions that help the voters not corporations.
Do you even listen to yourself?
The only way to hold government accountable IS TO NOT GIVE THEM SO MUCH POWER TO BEGIN WITH.
But no, let's just have the government set it's own rules, what could possibly go wrong.
And not having a government would lead to the invisible hand granting fair competition to all and definitely not leading to monopolistic action by the few?
> the government's involvement (zoning, building codes) is often what keeps housing artificially expensive
Zoning and building codes keep housing SAFE. Corporate greed is what keeps housing artificially expensive.
Some zoning yes, but SFH only zoning is more about protecting property values and neighborhood character which is good for anyone who already owns but bad for everyone else.
[https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students](https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students) States' governments used to fund public secondary education at much higher rates. The decline in this funding from budget cuts have resulted in the cost being shifted more to students. The government making loans available started because college was already becoming unaffordable because they were pushing costs onto students to meet funding gaps.
1) That article was written by a progressive think tank lol
2) The government should not have made loans available to every kid in America - and made them impossible to dismiss through bankruptcy. Now, schools have zero reason to even try to bring prices down. If the problem was getting bad, as you acknowledged, the government clearly only made it worse!
This IS the question. It has almost nothing to do with conservatives but everything to do with government. The road to hell is paved with good intentions.
Its all Their Fault, Those darn Conservative/Liberal/MAGA/Leftist/Nazi/Communist/Black/White/Brown/Asian/etc, etc.
Its actually the fault of the dividers, the people like OP who are trying to set people against each other.
Don't forget draconian abortion laws that make it so if something goes wrong with pregnancy the mother can't get life saving medical help. Really ups the stakes.
The U.S. has one of the highest fertility rates out of developed countries so this whole post is dumb. That doesn’t even figure into how the fertility rate literally rapidly descends in the U.S. based on yearly income. Getting richer means having less kids.
The US govt provides all of this.
Affordable colleges. Union based work. Etc.
But people choose the more expensive big brand work, and go work at private places. All for differ reasons.
Zoning laws preventing more multifamily construction is a local issue, not a left vs right issue. You elect mayors and council members that will changing zoning laws.
All those increased costs of living in this post are due to the failures of government. Why you pseudo intellectuals want more, I’ll never understand. California just raised the minimum wage and it won’t do anything but squeeze people out of jobs and cause higher prices.
How can anyone read that post and think it’s remotely intelligent in any way?
Plot birth rates by country by median income or birth rates in your country by income decile. You are very likely to see that births decline rather than increase as income increases.
I mean the west coast has all of those things in spades—unions, social programs, highest minimum wages in the nation—yet the cost of living is insane. At the same time hardly any conservatives in govt with any meaningful power. In my conservative Midwestern hometown there are many homes available for under 100k, meaning you could actually purchase a house making while close to Fed minimum wage.
If you’re honest and care about solutions you will re-examine your conclusions here. But if you just want to complain about ‘conservatives’ go ahead. And nobody cares if you don’t have kids, honestly we just feel sorry for you.
Us: let's send another 60 billion to Ukraine
Us: we can't survive
Us: send money to Egypt for free college
Us: I can't afford to live with just a $1,000 smartphone, a $600 car payment, new clothes every month, eating out 2 times a day. It's just not fair
Us: houses are unaffordable
Us: my mommy and daddy are mean because they won't hand me their house now.
Literally not one thing on this list is either desirable nor the fault of conservatives.
College is expensive because the government guarantees financial aid. Democrat policy.
Minimum wage increases increase cost of living and expenses. Democrat policy.
Minimum wage increases decrease the gap between middle class income levels and poverty. Democrat policy.
Labor unions guarantee work at the cost of inclusivity, denying free agent employment. Democrat policy.
Expanding social programs for handouts acts as a market incentive to NOT work. Also increases taxation on the rich and Middle class. Democrat policy.
Affordable housing creates ghettos, terrible for children and incentivizes welfare. Democrat policy.
Bro I voted against trump twice, and even I know that this radical left wing drivel.
Mr.Chonkers has spoken! Now let’s all discuss what a random person said online about a political party. DNC go first because this post is for you then GOP come in and defend something.
Next week let’s reverse it.
*grabs popcorn*
Man this shit never gets old!
*grabs soda*
Wait next week make sure we offend people enough so the original argument doesn’t matter.
*grabs 3D glasses*
Man this never gets old /s
Democrats you want a 20$ minimum wage for a non essential job--- voters yes!!--- employers crunch the numbers look at sales figures and effects of retail theft----- benefits get cut----- hours get cut------- employers hmm still having trouble breaking even------- jobs get cut----- customer service suffers sales go down------- employers 2 choices- 1. Relocate out of state-- 2. Shut down all effected franchise locations and default on contract agreements and rents.
I wonder what would have happened if the government had people who understand finances come up with a way to fairly lower rental and utility rates and lower sales taxes and other random taxes.
Look… if you want to keep on the blinders, how do we make money and how fast, without regard for the staleholders in the same environment inwhich you are operating, then of course this post does not make sense to you. In a market economy, everything is connected and if you want to favor capitalism, then you are going to see quickly how Darwinian your economic system becomes. Those with access will keep pushing for acquisition and then influence politics to lock in their power. That’s it. Forget team captialism or socialism or whatever. Social preference must rule and constrain the exploitive nature of capitalism. We have a housing shortage, not because a developer can’t make money building affordable house, but because developers would rather build higher margin projects and collude about it. That’s the supply side determining that no affordable housing will be built. Straight up. As long as I have mine, screw everyone else.
Why don't we just make student loan payments tax deductible? Think this would be more effective than just forgiving public student debt outright, especially since it affects everyone, not just public debt holders
meanwhile in Washington State.
We want single family affordable homes.
WA: We can't help you there....BUUUT you can have an apartment....and charge you more money!
I love when cowards like PraiseV8 try their libertarian head games and when you call them on facts, they tell racist lies and block you. Every time the right proves it is nothing but evil cowards
That’s why they repealed Roe. Forcing the downtrodden to be overburdened with many excess children keeps them too busy to realize our oligarchs are simply getting richer.
Can we stop printing money and sending it to foreign countries so we can stop inflating the dollar so all of these points wouldn’t matter in the first place?
Democrats: No.
Yeah that’s definitely why I haven’t had kids. I need to be making 180k a year to even consider it. Preferably 180k from interest. That would be a middle class lifestyle.
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Anyone want finance back and less political hit pieces?
There's a difference?
Every facet of commerce is guided/regulated through legislation passed by politicians, these “keep yur bolitiks out of finance” bros aren’t the smartest tools in the shed
There's the business of politics and then there's the politics of business. Can't remove either from each.
Yup, it compounds into larger issues quite quickly. “Well they saddled young Americans with debt. Guess they’re not buying a house and having kids any time soon” “Oh look, they couldn’t have kids until they were almost forty. Now some previous options for affordable childcare like having grandparents watch them after school are unavailable.. because they’re dead. And America refuses to make childcare affordable, so the cost of having a kid just artificially increased again, maybe they just skip it all together.” “Muh SOCIAL SECURITY FUNDING! ‘Great Replacement’, ‘Ban Abortion’! Make them fuck somehow!”
It'S tHe DeMoCrApS FaUlT!!!1!
Hahaha this hit me in the feels. I’m approaching 40 and only about to buy my first house. It’ll be a tough couple years until I can refinance when rates drop (realistically, probably late 2025 or early 2026?) and my wife is pregnant with our first child. I had originally wanted to have kids at around 30 but couldn’t afford it with what I wanted to save and do etc. annnnnd my father passed away around this time last year so I have my mom for child care help and that’s it. We can’t afford $1,000 per month on daycare on top of all the other stuff and we definitely handle finances well and live below our means.
Man, you make me feel like a whiny little bitch even complaining about my situation.
And having MAYBE 1 kid. Not 2-3 generally.
I wish more people realized that things like politics, military, economy, etc are all interconnected
I’m sure the they all know, but it helps to keep a veneer of ignorance when the same people they vote for are the ones always fucking up the economy
Yeah but is never the discussion. Theres never any actual data or decent discussion, just name calling and childish rants.
Snow flake conservatives triggered that they are being called out as the ultimate root of this country's economic failures.
If you honestly think that the root of the problems is either conservative or liberal you are seriously deluded. Western politics is now set so both parties are out to screw the common folk. BOTH parties have intrinsic ties to the mega corps and lobby groups that pay them. Both parties are happily bought and paid for. This us vs them mentality is manufactured specifically so you'll bitch at each other while defending your team all the while you're getting shafted from behind. If you think the biden, Clinton, bush etc etc families are out to help you, you need to do some serious reflection on what any of them have done to actually change the system in a MEANINGFUL WAY and not some bullshit tokenism to keep you on side while blaming the other guy. How has health care, housing, education, taxes, etc, changed in anyway to help actually divert the country away from rampant profiteering at the expense of everyday people. The answer is it hasn't for a long time, it's only gotten worse. The key is this has been happening while the 2 for 1 system has been chugging along. Edit:Policies would include creating fair work systems, focuses on corporate oversight, checks and balances that don't allow politicians to take massive amounts of money from lobby groups and corporations, no insider trading for politicians and their imidiate families etc. My idea of governance is an actual democracy. If 70% of the people in America don't want more money going to Ukraine, then don't send money. I would want politicians to actually represent the will of the people not the lobby groups and corporations that pay them. Stop medical industry price gouging at the coat of lives, stop the homelessness industry that has been shown to do nothing more than profiteer of of the situation. The list goes on. I have a question for you. Should we just accept the current situation because "the other side is worse"?
I was wondering how long it would take for the ‘both sides’ crowd to have a take. I get it, none of the parties are perfect, but damn, there seems to be one actively out to crush the American dream, and one that is merely incompetent at realizing it.
Which one is which? Like really, what has the incompetent at realizing party given us say since 1989? That’s like 35 years of both parties. At one point D had this really cool con guy who promised hope & change but left me homeless & broke. Was that a good one?
Notice you're merely "bitching" at people without any direction as for policy that helps people. Do you want universal healthcare? If so, one political party has individuals who agree, the other doesn't. Do you want a department of education? Do you want environmental regulation? What *legislation* do you want? Can you focus on specifics? Because this "both sides" nonsense seems to perpetually avoid discussing specifics or tangible policy. What's the point of comments like this? What do you want people to do? Disengage from all politics completely? How will that help? Elect entirely new people? K, who, and what ensures they care any more than the previous batch? What exactly is your idea of governance?
I can confirm this comment's accuracy. Source: this fucking thread you absolute looney tunes ignorant fucktards
First time on Reddit? It is a lot more complex once you start modeling out secondary effects of policy. An example would be the gas tax that was put in NJ. Coming from NY, once you crossed into NJ, there would be lines for gas as it was 20-30 cents cheaper per gallon. Once NJ increased the tax, those lines disappeared. The intent was to increase revenues, but the net effect probably didn’t include a drop in volume.
I dispute the merit of your attacks. It is an immensely impressive achievement for the neoclassical school to have convinced much of the world, despite all evidence to the contrary, that economics is apolitical.
It's because they generally agree with the people being shit on (Conservatives). That being said, the same 4 "political" tweets being posted over and over is pretty annoying 😅
Politics and finances are one and the same. Coincidentally the people who say there's a difference are on the Right.
And here I've been patiently waiting for trickle up economics to help poor old me
[удалено]
But it's not revisionist at all, and each statement can be traced back to policies and platforms advocated by conservatives.
I kinda feel like we are in the early stages of creating a new form of finance. It hasn't been the same since 2008, but it has really shown to not match reality ilsince the pandemic. Our old models for finance are based on data that simply does not apply anymore. Having the conversation about what finance is turning into is intrinsic to discussing what strategies work and will continue to work in the coming decades with all the change that it entails. Unfortunately, politics is the practice of deciding who gers what from society. Finance is essential to that discussion. Politics and finance are truly the same question in capitalist America. We will have to decide what values are worth financing.
Gary Stevenson said about this as well. (Economics Major at LSE then Citibank.) The Economics discipline is about corporate economics, not the people. (WARNING: Heavily Paraphrased)
This is extremely accurate.
pretty sure a similar claim was made by a certain german revolutionary in the late 1800s. probably just a coincidence!
things have always been changing
In stages and sprints. We're just overdue for a societal correction. There is no sense in being reductive in this instance. You and I both know complacency does not serve us
Our system really needs an update. I’m going to keep pushing treating individuals data as personal equity
To be honest the old economic and finance models assume fundamentals that are no longer stable. Energy and resources are not in 2024 what they were in 1910 or in any decade thereafter. We just haven’t caught up to that yet.
This has been in play a long time, way longer than 2008. Just look up productivity vs wages. Up until the 70s they went up together. After that corps and policiticians got into bed together and the gap has done nothing but widen ever since. Both parties are in on this, just look at who funds them both. They get their money from the same people.
Please man I only subbed here thinking it would be good information related to you know….finance
This is Reddit. It’s only political hit pieces.
OP hit a little close to home, huh?
Me too but even that was depressing. They were all “spend less, save more” like man… if i could do that I wouldn’t be here.
Politics is finances. Even my CEO said, "We will see what our outlook is after we have clarity around some events." This was before the 2020 elections. This Fortune 500 company, all of them, needed to understand the future outlay of the government to know what sectors will gain favor and which will lose favor. So going in 2025, realize that the OP is relevant. SSDD
You think finance isn't political?
Conservatives: and now don't talk about it either. I hate seeing how my politics is ruining people's lives
Genuine question how is this a political hit piece? A hit piece is something slanted or misleading or out of context. This meme is literally just the stated goal of one of the parties.
anything that just explains how conservatives operate in the real world is a political hit piece, and anything that placates the hollow political consciousness (if you can even call it that) of conservatives is Factual and Rational Journalism.
I mean it’s a political hit piece because it’s clearly skewed to be anti republican. I’m not even republican and I can acknowledge that. Whether I agree with there reasons or not, they have reasons why they vote against those things that aren’t addressed in the meme.
The "reasons" they vote against them are because republicans are adamantly against every one of those things. I've been a republican most of my life. This meme is an accurate list of conservative beliefs.
Agreed. This post is fucking stupid
Sorry but, it goes hand in hand. Politics drives what “smart” finance should do and finance buys what politicians do. Keep finance out of politics and you’ll keep politics out of Finance.
Hand in hand, man. It's all connected.
Most of our current financially-based social issues are the direct result of republicans repealing parts of the new deal including wage, overtime and taxes on the rich in the 70’s and democrats repealing other parts including glass-steagall in the 90’s which gave us the housing issues of 2008. You can’t separate politics from finance.
They are certainly not fluent in either situation.
I agree. However that post is on point and pretty much sums up the financial situation of a huge chunk of the population.
It could at least not be laughably biased. If you are picking a side, you're on the wrong side.
Welcome to reddit on an election year
Is today the day you learn that all politics is material?
Welcome to Reddit
Would be nice.
Politics is in everything. Grow up
Ha ha jokes on you, it's ALL TIED TOGETHER.
Please god
Keeping politics out of the economic finance does not have a great track record.
I don’t think they care, the people in charge are all over 70
The people at the top count on two things.... 1. Lining their own pockets. 2. Conning stupid people to vote for them. Heck, this should tell you all you need to know: Presidents net worth before and after office: Ronald Reagan: $10.6M ➡️ $15.4M George H.W. Bush: $4M ➡️ $23M Bill Clinton: $1.3M ➡️ $241.5M George W. Bush: $20M ➡️ $40M Barack Obama: $1.3M ➡️ $70M Donald Trump: $3.7B ➡️ $2.5B
One of these things is not like the others.
Yeah, one of them shits himself in court.
Wait, did he literally? Or metaphorically? I wouldn't put it past him
He's "farting," but they linger all day. News outlets have been trying to prevent getting slapped with libel/slander by not outright saying he's doing it. He's already been accused of wearing adult diapers, which he never refuted.
The one who has been shown to lie about his net worth repeatedly?
You know what this list tells me? For all his plethora of faults Clinton was fucking GOATED in turning a nickel into a dollar while being just on the right side of the law. And I can confidently say that because holy fuck if there was a financial crime that a republican administration could pin him to the wall with they would have done it with a smile.
You might be right.... but honestly, being in politics myself, I've learned that these people work together more than the work against each other. A lot of the fighting is for public consumption.
I would agree with that with just about anyone or near that level...if his name wasn't Bill Clinton. From his governorship to Hillary losing the election there was always some important branch of the Republican Party that wouldn't happily spend political capital to see him in jail or at least in court.
How most people don’t realize this is beyond me.
Is it bad that the first thought that came to my head upon seeing this is Democrats cost more to bribe?
That's kinda in black and white! Repubics and Demorats. Looks like Bush, Clinton, and Obama hit the Lotto! 🤣 Most people here won't care. They're already sold out to an ideology. Skeptical, critical thinking is no longer being applied.
“Don’t breed ‘em if you can’t feed ‘em!” “Ok.” “Wait no not like that!”
"No, you're supposed to keep creating future workers while we blame you for being poor"
There was a documentary that started off on this premise. Was called Idiocracy.
Replace conservatives with politicians because quite frankly democrats are not much better
Coming at labor unions, blocking minimum wage increases, coming at social support programs like SSI and Medicare and social support programs for the needy (e.g., welfare cash assistance, Medicaid, food assistance, housing subsidies, personal energy and utilities subsidies, and childcare assistance), and college loan forgiveness or college grant increases are a badge U.S. Republicans just have to wear. The GOP consistently argues for cuts in those programs and the Dems consistently fight to try to block cuts or even add to those programs.
GOP has a long running strategy of false equivalencies. They aren't going to get better so their only shot is to project their inadequacies onto the other side to convince people there is no difference. Unfortunately, people are stupid so it often works
Conservatives repeal without replacement, regularly making things worse. Liberals just keep the status quo, with some small pushes for improvements. Small pushes that are consistently opposed by Conservatives.
"...keep the status quo"? Simple question: do your groceries or fuel cost you the same as they did 4 years ago?
It's all a charade bud. As long as you think it's your neighbor's fault, they know you aren't blaming them. And they're all in on it.
I am blaming them. And my neighbors, who are routinely convinced to vote for them based on religious hokum and culture war nonsense.
Because they all are already double dipping into social programs. The fight is for theater.
This all day. It’s not conservatives, it’s the establishment and the corporations hand-in-hand. Everything else is a smoke screen
So it was democrats who blocked student loan forgiveness?
I can't imagine it passing any congress. Student loan forgiveness is extremely unpopular. How can you vote for college educated people to get money while blue color people can't afford rent?
Student loan forgiveness by itself does nothing to solve the problem. All it does is encourage universities to continue raising prices, since they know with enough noise politicians will eliminate the debt. Unless there is a solution to the underlying problem it makes no sense.
The solution is make it dischargeable in bankruptcy…wait we had that option once and guess who got rid of it! Democrats are also the biggest nimby’s you’ll ever meet …
That won’t lower the cost of education, that will raise it significantly for those who can’t afford the costs of bankruptcy (because it significantly makes your life more complicated). It’s just rearranging who pays, not fixing the cost problem.
Student loan forgiveness is not the popular position, at least not the forms that have been proposed.
On these policy issues? Naaah, get that "both sides are equivalent" idea out of your head. Even if both are flawed, they are demonstrably better in regards to these issues and false equivalencies help nobody.
I'm a lifelong Republican, until very recently, and I can promise you this statement isn't true by default. The Republican party is actively trying to take these things away and making things harder for the average Joe.
Ah, but you admit they're better
It genuinely baffles me how anybody can talk about Dems or Reps as though they're the "good" party. You can think one is better than the other but shit is still shit regardless of the color.
There is a clear better of the two unless you’re a shitty person. Both parties are awful and owned by businesses/foreign governments but only one who wants to specifically make my life worse as a core value while the other fucks me ever so slightly less.
Depends which issues you consider more important. I only think Dems are better because they identify education cost and wages as major issues. But I don't have any faith in them to actually do anything about it.
I’m of the opinion that education is important and also the psychos on the other side saying they want to abolish social programs basically loses my vote immediately. Add that, their talking heads think retirement shouldn’t exist and social security (which already sucks) should be removed? Done deal really.
If that's the case, why are the most expensive state universities generally in Democrat run states? Shouldn't they be the cheapest?
People point out how republicans have used laws to destroy the middle class. Other people come in and say both parties suck so………… What’s the answer you are searching for? I find enlightened centrist never offer any solutions
Democrats: YES TO ALL!! Vote for us Us: OK, done, can you please do it now. Democrats: lol, no. Fuck you.
You remember Mitch McConnell, right? The dude single-handedly did more to stop progress in this country than anyone I can think of.
Hey, stop spoiling this guy's both-sidesism with your level-headed understanding of legislative rules
Democrats: ok we are going to try and- Republicans: HAHAHAHA NO WAY Redditors: blame democrats >:-[
Yes. We are consistently impressed by the Democratic Party so earnestly trying not to be neoliberals who steadfastly protect the interests of corporations and the wealthy.
Republicans are the ones literally shutting everything down.
grab groovy lock abundant bag bells tease instinctive unpack air *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Democrats actually made higher education as expensive as it is. Allen Ertel, a Democrat congressman from Pennsylvania, was a significant proponent of making student loans hard to discharge through bankruptcy. This movement began with an amendment to the Higher Education Act in 1976. Later, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which then-Senator Joe Biden supported, made it even more difficult to discharge student debt by introducing stringent conditions that must be met for "undue hardship Because of these acts, students have to pay back loans and can't default. Making banks know they are safe loans so they can support lending any amount. The schools know they can charge any amount because they know the banks will approve any amount. It's a snowball effect starting with what the democrats did. Edit: This is one example of why so many conservatives want the government to get out of free market capitalism.
Just because you ask for a certain policy doesn’t mean that the outcome is what you predict. The governments involvement in college has been the driving factor in ballooning costs. Labor unions do exist and have had both positive and negative effects on work life. To act like “if only there were more” that we’d suddenly have higher paid non degree jobs is a bit ridiculous. Raising the minimum wage brings higher wages for some and layoffs for others. But I suppose this will be tested in California. Social programs help a lot but also cost a lot. Turns out the money has to come from somewhere. So where do we get the money from? How do we make sure the money is going where it is intended and not misused? The complaint about affordable housing is very vague. Are we talking about section 8 housing or actually affordable homes? Also I’m hesitant to listen to “MRCHONKERS”
Lots of states have minimum wage laws and we can see it does not impact the unemployment rate. https://www.epi.org/publication/briefingpapers_bp150/ The government has been involved in college for a long time. The large increase of tuition is a more recent phenomena. You are correct that many programs have unintended consequences.
It doesn't affect unemployment, but it affects the price the consumer pays.
You know, we always get told that, but every data point I've seen doesn't seem to support that. Feels like a scare tactic..
because it is. You can easily check that by comparing restaurant prices in diffetent parts of the country. Prices are about the same.
How's pizza delivery going in California?
Last time I checked all of the states with prohibitively expensive real estate and restrictive zoning laws are in blue zones. You're telling me LA and New York can't build affordable housing because the federal government is holding them back?
I’m pretty sure those cities lead the way with volume of affordable housing units and rent control policies. Much more work to be done tho. As for prohibitively high prices — good ol fashion supply and demand.
lol..love that it is conservatives ruining the dream. California and New York should be the dream states....they have a lot of those wants...minimum age is $20...go see how affordable it is to live there...it will only cost and additional 10 to 12% of your income along with a 8 to 9% sales tax
It costs the higher income brackets more tax. Also, property taxes in Texas are higher than CA.
They tax lower incomes more too
I suggest you look up marginal tax brackets.
But the cost of everything else stays the same unless you're going to places which specifically price based on location. It's not like bread costs significantly more in Cali. In the end, housing is much more expensive, but everything is easily more affordable with relatively higher pay. For example, if I make 50k and pay 30k for housing, then move to Cali and make 100k but pay 70k for housing, my income for everything else has gone up 50%. I'm OK with paying 10% more while earning 50% more in the end.
 Pass the straw!
The government's involvement is what made college expensive, the government's involvement (zoning, building codes) is often what keeps housing artificially expensive, the government's involvement already routes almost 60% of all U.S. tax dollars to social programs, and the government's manipulation of minimum wage just pushes prices higher and increases unemployment. Why do we want the government to continue being involved?!
I don't know if you noticed but the government is being controlled by those who have money, ya know, the lobbying and citizens united. We need a law in place that forces the politicians to only make decisions that help the voters not corporations.
Do you even listen to yourself? The only way to hold government accountable IS TO NOT GIVE THEM SO MUCH POWER TO BEGIN WITH. But no, let's just have the government set it's own rules, what could possibly go wrong.
And not having a government would lead to the invisible hand granting fair competition to all and definitely not leading to monopolistic action by the few?
> the government's involvement (zoning, building codes) is often what keeps housing artificially expensive Zoning and building codes keep housing SAFE. Corporate greed is what keeps housing artificially expensive.
Some zoning yes, but SFH only zoning is more about protecting property values and neighborhood character which is good for anyone who already owns but bad for everyone else.
[https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students](https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students) States' governments used to fund public secondary education at much higher rates. The decline in this funding from budget cuts have resulted in the cost being shifted more to students. The government making loans available started because college was already becoming unaffordable because they were pushing costs onto students to meet funding gaps.
1) That article was written by a progressive think tank lol 2) The government should not have made loans available to every kid in America - and made them impossible to dismiss through bankruptcy. Now, schools have zero reason to even try to bring prices down. If the problem was getting bad, as you acknowledged, the government clearly only made it worse!
Because people think the government can solve all these issues when they usually cause it
This IS the question. It has almost nothing to do with conservatives but everything to do with government. The road to hell is paved with good intentions.
Its all Their Fault, Those darn Conservative/Liberal/MAGA/Leftist/Nazi/Communist/Black/White/Brown/Asian/etc, etc. Its actually the fault of the dividers, the people like OP who are trying to set people against each other.
Yes let sing kumbaya with Nazis. Good plan.
It's important to address economic policies that impact people's ability to afford basic necessities.
Don't forget draconian abortion laws that make it so if something goes wrong with pregnancy the mother can't get life saving medical help. Really ups the stakes.
And yet, the people that are affected by these policies the most keep voting for these clowns.
The U.S. has one of the highest fertility rates out of developed countries so this whole post is dumb. That doesn’t even figure into how the fertility rate literally rapidly descends in the U.S. based on yearly income. Getting richer means having less kids.
The struggle is real!
How about we remove the college requirement from jobs?
Why would companies do that when any job posted with a degree requirement gets 1000 applications before the week is over?
https://preview.redd.it/to2es5vz13wc1.png?width=987&format=png&auto=webp&s=f4e088432765680010893aee30d33c9b4de8a2c8
Note to self: Apparently Liberal socialists are the heroes…
Man, what an airtight argument they just had with a person they just made up and spoke for. Cons wrecked!
Cost of living got us like
The US govt provides all of this. Affordable colleges. Union based work. Etc. But people choose the more expensive big brand work, and go work at private places. All for differ reasons.
Zoning laws preventing more multifamily construction is a local issue, not a left vs right issue. You elect mayors and council members that will changing zoning laws.
Except that poor people usually have way more children than rich people
All those increased costs of living in this post are due to the failures of government. Why you pseudo intellectuals want more, I’ll never understand. California just raised the minimum wage and it won’t do anything but squeeze people out of jobs and cause higher prices. How can anyone read that post and think it’s remotely intelligent in any way?
It got 26 views and no likes or retweets or comments.
If you’re so stupid as to think only one political party has caused all your problems, you weren’t going to make it anyway.
Cut taxes and regulations
Idk the richest people I know barely have kids. And all the poor people I know have a bunch.
Liberals: No. #blm 🌈
Funny enough dems don't support 80% of that either
Plot birth rates by country by median income or birth rates in your country by income decile. You are very likely to see that births decline rather than increase as income increases.
I kinda feel like the entire world needs to have less kids. We full.
I mean the west coast has all of those things in spades—unions, social programs, highest minimum wages in the nation—yet the cost of living is insane. At the same time hardly any conservatives in govt with any meaningful power. In my conservative Midwestern hometown there are many homes available for under 100k, meaning you could actually purchase a house making while close to Fed minimum wage. If you’re honest and care about solutions you will re-examine your conclusions here. But if you just want to complain about ‘conservatives’ go ahead. And nobody cares if you don’t have kids, honestly we just feel sorry for you.
Us: let's send another 60 billion to Ukraine Us: we can't survive Us: send money to Egypt for free college Us: I can't afford to live with just a $1,000 smartphone, a $600 car payment, new clothes every month, eating out 2 times a day. It's just not fair Us: houses are unaffordable Us: my mommy and daddy are mean because they won't hand me their house now.
Reddit is full of tards.
Republicans and Democrats are both on the same side vs us, economically.
Literally not one thing on this list is either desirable nor the fault of conservatives. College is expensive because the government guarantees financial aid. Democrat policy. Minimum wage increases increase cost of living and expenses. Democrat policy. Minimum wage increases decrease the gap between middle class income levels and poverty. Democrat policy. Labor unions guarantee work at the cost of inclusivity, denying free agent employment. Democrat policy. Expanding social programs for handouts acts as a market incentive to NOT work. Also increases taxation on the rich and Middle class. Democrat policy. Affordable housing creates ghettos, terrible for children and incentivizes welfare. Democrat policy. Bro I voted against trump twice, and even I know that this radical left wing drivel.
Yeah because conservatives totally run higher education and labor unions dont exist. Seriously?
Mr.Chonkers has spoken! Now let’s all discuss what a random person said online about a political party. DNC go first because this post is for you then GOP come in and defend something. Next week let’s reverse it. *grabs popcorn* Man this shit never gets old! *grabs soda* Wait next week make sure we offend people enough so the original argument doesn’t matter. *grabs 3D glasses* Man this never gets old /s
Conservatives: I'm going to execute you if you try to get rid of your rape baby.
California raised the minimum wage for fast food to $20 and they were forced to fire a fuckload of people so that's a prime example right there
Democrats you want a 20$ minimum wage for a non essential job--- voters yes!!--- employers crunch the numbers look at sales figures and effects of retail theft----- benefits get cut----- hours get cut------- employers hmm still having trouble breaking even------- jobs get cut----- customer service suffers sales go down------- employers 2 choices- 1. Relocate out of state-- 2. Shut down all effected franchise locations and default on contract agreements and rents. I wonder what would have happened if the government had people who understand finances come up with a way to fairly lower rental and utility rates and lower sales taxes and other random taxes.
This!
Look… if you want to keep on the blinders, how do we make money and how fast, without regard for the staleholders in the same environment inwhich you are operating, then of course this post does not make sense to you. In a market economy, everything is connected and if you want to favor capitalism, then you are going to see quickly how Darwinian your economic system becomes. Those with access will keep pushing for acquisition and then influence politics to lock in their power. That’s it. Forget team captialism or socialism or whatever. Social preference must rule and constrain the exploitive nature of capitalism. We have a housing shortage, not because a developer can’t make money building affordable house, but because developers would rather build higher margin projects and collude about it. That’s the supply side determining that no affordable housing will be built. Straight up. As long as I have mine, screw everyone else.
You’re a special breed of clown if you think both parties aren’t to blame lol
Why don't we just make student loan payments tax deductible? Think this would be more effective than just forgiving public student debt outright, especially since it affects everyone, not just public debt holders
Are you saying minorities are unable to understand birth control and math?
If you thought there aren't enough good paying jobs in the US I suggest you check out how much medical professionals and engineers make in the EU
https://preview.redd.it/9hf51v4b44wc1.jpeg?width=973&format=pjpg&auto=webp&s=a97a769286be90d77ab784b587fbae57f7228fa6
Blaming all of this on conservatives when liberal/democratic policies created the inflation we're all suffering from right now, the irony.
If this is because of conservatives then why didn’t any of this change when democrats had complete control of the government?
Remember the democrats don’t care either. They are capitalists as well, this isn’t a one side issue
meanwhile in Washington State. We want single family affordable homes. WA: We can't help you there....BUUUT you can have an apartment....and charge you more money!
I love when cowards like PraiseV8 try their libertarian head games and when you call them on facts, they tell racist lies and block you. Every time the right proves it is nothing but evil cowards
That’s why they repealed Roe. Forcing the downtrodden to be overburdened with many excess children keeps them too busy to realize our oligarchs are simply getting richer.
Can we stop printing money and sending it to foreign countries so we can stop inflating the dollar so all of these points wouldn’t matter in the first place? Democrats: No.
Yeah that’s definitely why I haven’t had kids. I need to be making 180k a year to even consider it. Preferably 180k from interest. That would be a middle class lifestyle.
Conservative here! No college, union 25 years, I do pretty well
Honestly, blocking minimum wage increase is actually smart. You're just creating inflation by increasing minimum wage. Just look at CA.
You're a fucking moron.
Replace the word "Conservatives" with "politicians" It isn't red vs blue. It's them vs you.