The title LITERALLY says this already! These talking heads should be screenshotting us...why do you encourage these clowns? Also what about the next dip to 47k?? btw @johnarb...noticeably silent on MSFT shareholders rejecting Saylor plan.
yes it does the big lie that rich tell the poor is that they are "creating more money" yes they are creating more money but not for the poor and not for the middle class. they are creating more cash for the ultra rich and that drags inflation. just like american tourists in small mexican towns also create inflation for locals and locals kick them out. im using lens image since thats the only one i can find. obviously its poor/middle class/super rich representation. when the country is wealthy and balanced it should be even distribution or even maybe slightly fatter middle class.(those are the most emotionally stable people of any society by default thats why they are called middle class because obviously balance is in the middle) then you have the ultra motivated ultra wealthy maniacs who are driven by some deep childhood trauma that they cant control and they can never get enough financial security even if they own entire solar system. they are essentially wealth hoarders. on the other end there are poor who are most of the time are victims of circumstance and didnt get on a right path in the begining and are basically riding on a gravel bumpy road right next to the freeway that is separated buy a ditch. most of poor people are emotionally damaged where they dont have proper programming to even get themselves out of the shit they are in. while the rich and middle class who have enough emotional resilience to deal with daily problems tell them "bro just work out after your 15 hour shift at your dead end job. exercise helps with stress..." but when the country is balanced that means the consumers have the most wealth. they are not the maniac inventors or enterpreneurs. in that setup enterpreneurs cannot accumulate enough capital to create massive world changing projects so there is a benefit to society to have that fluctuation in cash flow between different classes. eventually the cashflow gets pulled back to middle class( which is the rich becoming poorer adn poor becoming richer at the same time and meeting in the middle class. getting humbled and having a beer together" but again they are not building rockets or creating AI system across the world. neither of those would happen when middle class is the dominant class but the advancements happen at the expense of the poor who rely on the system to be fair.
i said that when bitcoin passed 20k its not a currency its a store of value for ultra rich. thats why its not dead. average people will never get their crypto currency because they are not the ones making the rules here
Although I agree with some parts of our post, I think you paint poor people too much as victims. Its not so much that they are in some way incapable, the only thing they are missing is access to the money printer. You tell me how rich the elite would be if they weren't first in line for all the money that is created? Would there ever be billionaires? The elite find a way to scoop up the vast amounts of money that governments and banks create. If this money creation wasn't possible because money worked differently, we wouldn't see this huge gap. If you consider that CEO to worker pay exploded in just the last 15-20 years, you have to consider that something happened in this time frame. We also don't need better wealth distribution. The problem is that the system gives one side the ability to create money and they set all the rules. If money creation wasn't in control of certain people, the wealth concentration would never have happened.
Poor people are victims of emotional pressure in todays world In the past poverty was a physical limitation Today is mental and programming You see a poor person and think oh he looks physically capable of succeeding he must be lazy When in reality he is crashing mentally Its a fact that poverty(prolonged stress) damages brain tissue. Its like 2 top of the line gaming pcs where one is running latest drivers and getting 160fps while other one running on outdated drivers and windows millenium and gets 50 fps
this is the problem of a merit based system. we need to expand diversity, equity, and inclusion. send me some bitcoin
I agree that if you grow up in poverty, you're not going to be programmed correctly. But my point still stands that its the monetary system that is the greatest contributing factor to wealth inequality. If you make $10 per hour working at a job, this is your wage because its what the company can pay. But some other company, because of government contracts, can operate in a completely different world. Look at banks. They are allowed to lend money they don't have. Fractional reserve banking! And if they mismanage money, the depositors are made whole. There is zero risk for fucking up. Also, look at Walmart. They can pay shit wages because all the employees can get on the food stamp program. So the government is subsidizing the earnings of Walmart. For every car that Elon sells, the government gives him $7,500, or whatever the rebate program is. The rich people make use of a system that prints unlimited cash. Poor people have to make use of a system where a little bit of money has to be spread out far and wide.
Technically that rebate comes from our tax money lol so what youre saying is our government is like a manipulative teenager