/biz/ - Business & Finance

What’s wrong with the second one?

>the rich are getting richer and the poor are getting poorer
how is this dumb?

>>18860763
It's false. People have been progressing for decades but some how there is always somebody to blame for peoples own life failures.

>>18860792
>what are banks
>what is fractional reserve lending
>what is usury

>>18860792
Speaking of ignorant people lmao

>>18860771
Because it's false. It's how you'll see your typically SJW with luxury items like iphones complain about being poor. But there has never been a time in history where these ''poor'' people have experienced such great wealth. If you listened to them then you would think people in ''western'' countries were starving to death. Along with an obesity problem. You couldn't make this ignorance up.

>>18860839
>muh iphones
You’re a retard my guy

>>18860839
The Fed feeds money to the rich through the cantillon effect.
https://www.youtube.com/watch?v=rv5xl1AEeQs
It's actually a serious issue. We are slaves to the system.

>>18860819
Ah yes the blame game. Nobody ever claimed they were perfect but when ask for an alternative system people end up in oppression. Socialism as example. How do you not see the evolution of usury?

>>18860771
Its verifiably false, the poor of today are wealthy in every metric, our poor arent hungry, theyre obese ffs and they enjoy amenities of every vareity.

>>18860884
Social justice is a profitable industry in itself. Creating problems that never existed and then offering the soultion. Blame the rich, it always works.

>>18860830

>>18860871
This guys obviously in denial. You're not a victim faggot.

>>18860735
>>the rich are getting rich and the poor are getting poorer
OP confirmed for jewish shill

>>18860934
>Social justice is a profitable industry in itself
Nobody but you has brought up SJW stuff. I don't care for it either, but it's not relevant here.
The middle class diminishes every day due to the Fed manipulation. They print money, the money ends up in the hands of the primary dealers (major banks), who pump up assets like stocks and real estate. The largest holders of these assets are the upper class. The middle and lower classes hold far fewer assets and thus don't benefit anywhere near as much form asset price inflation. Middle class diminishes and wealth inequality increases. Watch the video I posted earlier on the Cantillon effect.

>>18860735
>our currency depemds on gold reserves

>>18861083
Calls me a ''Jewish shill'' yet promotes social justice and believes their lies, embarrassing. The '1%' are people who spent their entire lives working to create wealth. Most were once in the lower income brackets. People, on average, don't stay lower wage brackets. But keep promoting lies ironically mostly pushed by ''jews''.

>>18860735
Ah yes how dare the plebians point out the globalist financier class that rules them with an iron fist. If only everyone was as accepting of their situation as you.

okay but the “rich get richer” part is true at least
money makes money

>>18861204
>The '1%' are people who spent their entire lives working to create wealth.
Sure thing bro. Bankers, hedge fund managers or real estate magnates sure slave their lives away to create wealth.

You didn't see me "promoting social justice" in one single word I wrote. You just saw me proving how right it is to say that "the rich get richer and the poor get poorer". You can agree with it or not, that's beside the point. But it isn't "a stupid thing to say". It's factual, and it's only getting worse.

But of course, you know all of this. Do everyone a favor, and gas yourself.

>>18861121
No they're not. Where's the evidence? The middle class earn more now than they did in the past but the difference was they had a different attitude. Assets go up in price because of politicains which the people vote for. Im not denying the rich are getting richer, that's quite obvious since they're opening up new markets but, where exactly are the poor getting poor? The ''poor'' vote for politicians who restrict them from getting ahead. They pass legislation like minimum wage, rent control, etc which only benefits the rich. Even at that they aren't ''poor'' by many countries standards. Are ''poor'' people better off now in comparison to their grandparents? No absolutely not.

>>18861420
Disparity doesn't mean discrimination you commie cuck. Inheritance doesn't mean wealth unless they have the knowledge to keep it or make more of it. The problem nowadays is people have been born in wealth (middle class) but don't have the knowledge to better themselves. Instead they'll try scapegoat and blame other's for THEIR own life failures.


Some people go against their own economic interests and then complain when things go wrong. Not everyone is going to be winners faggot but the standard of living has gone up drastically over the pass decade. People who work hard rarely complain. It's always the weak failures who complain about everything. Working minimum wage in McDonald's nowadays is considered a failure and slavery. Try doing a real fucking job like coal mines, fishing, etc like the struggle in the past. Muh muh flipping burgers and jews.

The poor of today have a greater standard of living than the middle-class of 50-100 years ago. Even homeless people have phones.

>>18862077
Okay but how can we send more bailouts to massive conglomerates

>>18862104
haha money printer go brrrr

look at the retards itt.oh but atleast u have cheap shit to eat and a phone madeup of plastic now compared to the olden days.
>student loans take a couple years to payoff
>car loans take 5 years to payoff
>housing loans require 30 years to payoff
>private banks and corporations pretty much dictate ur standard of living

>>18860792

Its true though. With financial and tech industries people have set up systems where they can funnel cash away from millions of people. This level of scale has never existed in business before.

>>18862065
>Disparity doesn't mean discrimination you commie cuck.
I never said it did. Strong mask off moment here. I'm not a commie, you retard. But I sure as hell am not a jew.
> Inheritance doesn't mean wealth unless they have the knowledge to keep it or make more of it
>the knowledge to keep it
Yeah, keeping a bank account of millions plus assets worth millions sure require the special talent of not being a fucktard who spends more than he earns.
>The problem nowadays is people have been born in wealth (middle class) but don't have the knowledge to better themselves.
The disappearance of the middle class sure can't have anything to do with the fact that they pay more taxes than ever all over the civilized world to pay for the living expenses of useless niggers. Nor with the fact that the traditional middle class expenses are more expensive than ever. And I won't even start with the economic impacts on globalisation. You're totally right, it's all because the boomer middle class people was in some way superior to the present middle class, and could "better themselves". Anyway, saying the middle class is being taxed out of existence is clearly an anti semitic canard, right? Or is it a trope? I never know.
>the standard of living has gone up drastically over the pass decade
Pic related. Should I just be German?
>Try doing a real fucking job like coal mines, fishing, etc like the struggle in the past.
I'm a consultant, I don't know wtf are you on about McD's. Are you saying that me realising that the extremely wealthy people are getting more and more wealthy because it takes 0 effort to just collect interest and dividents without producing real value (while actually devaluing everyone else's money) must mean that I'm poor? Again, I just stated you were wrong. Because, again, the rich are really getting richer and the poor are really getting poorer. You can love it, you can hate it. I don't care. None of that takes away the fact that it's not just a stupid claim.

>>18862353
No they don't faggot. If they didn't offer students loans then they would still complain and say college was for the privileged. Don't get a ''car loan'', save up and buy one you can afford.
30 years is an exaggeration. People often paid theirs off in 10 years but on average it's about 15-20 year. Buy a house within your means.
Would you prefer an authoritarian government or monarchy? Nothings perfect but do your best and stop pretending to be victim. Looks at the evidence of history and how far we have come.

>>18862353
Working hard, saving money and living within one's means is not some great mystery of the universe. Your standard of living is dictated by your ability to produce value, manage money and debt.

>>18861767

>The middle class earn more now than they did in the past but the difference was they had a different attitude.

maybe if you don't adjust for inflation, but that would be pretty stupid.

In the 50s you could drop out of highschool, work at a factory, buy a house and start a family. Today you'd be homeless following this path.

>>18862490
do u have problems with reading comprehension u idiot?pls tell me how do private banks "work hard"when they can just print money off thin air and lend it with interest?also it doesnt matter how hard u work when banks can create a booming economy or recession at the flip of a finger?also im literally in the 1% of the exams i appear for so im definitely have something going for me,unlike u who refuses to believe he is getting extorted hard by someone and is indoctrinated.also isnt it supposed to be a free market so what is the problem if i manipulate it to my will?

>>18862065
>>18862470
also this would be the right picture

>>18862470
You say you're not a ''commie'' but you certainly have a socialist mentality. Jews are going to have different views depending on the individual.

You're singling out a tiny percentage of the population who have inherited wealth and saying that they are the problem when it's much more complicated. Not every rich person is bad nor is every poor person good. It's the knowledge that creates wealth and that something some people try to take away from others.


Half the middle class vote against their own economic interests so what do you expect? People don't look into things with more detail but when things go wrong they're quick to blame. People get the form of government they deserve.


I was talking about the majority of people who cry for social justice. It's at the root of our problem not the banks. You can't say the poor are getting poor when they're not. Building a strong society starts at home and if kids are being thought that they victims then they are going to be manipulated by other's. If like the black man blaming the white man for all his problems. Yet if the black man simply changed his attitude to life he would be far better off.

>>18862705
You're showing me shit, try again. Next you be telling me ''house hold income'' is accurate.

>>18862490
I also think too many people jump blindly into taking on unreasonable debt, for no other reason than to fit in or look more impressive to their peers. At the same time, you’ve got a world rife with kikery that is preying on this type of person. ‘The people’ are being intentionally brainwashed into thinking debt slavery is normal and even good for them. The problem is how the overlords frame the narrative, which they use to exert control and ownership of the masses. You can say it’s their fault for falling for the scam, but the reality is this is an active concerted effort to control people through debt

>>18862635
People in the banking industry have to get extremely educated which requires alot studying and work. Its obviously a very profitable industry. They don't print money out of thin air. If that was the case then the value of money would be worthless. No they do not, that usually happens by bad investors and politicians. There is no ''free market''. It's a nonsense description of limted capitalism with minimal regulations.
People are always out for profit, but the difference is some people don't hide it while others do.

>>18860735
> typically SJW with luxury items like iphones

Are you some 18 year old who gets all his talking points from boomers or something? Iphone are basically nothing compared to the drop in wages in the past 30 years

>The '1%' are people who spent their entire lives working to create wealth. Most were once in the lower income brackets.

They don't though, owning stocks doesn't generate wealth, you're getting income without providing any goods or services.

> Even homeless people have phones.

Only because technology has made phones ridiculously cheap, has literally nothing to do with homeless being richer or whatever.

>>18862836
https://mkorostoff.github.io/1-pixel-wealth/

>>18860969
Nah you’re just a retard

>>18862892
I personally believe if we change social issues then the economic issues will follow suit. Usury does have it's benefits but like most things it have it's cons which you've already described. Before people had to fight in wars, nowadays people fight online. That's the difference and if people don't start appreciating what they've got then it will be gone. Just lead life by example for others to follow.

great, another clueless polcel

>>18863179
>I personally believe
Retard speak

>>18860792
17 year old ancap detected

>>18863054
>People in the banking industry have to get extremely educated which requires alot studying and work.

I work in the banking industry, this is one of the biggest jokes there is. The only thing that matters in the banking industry is how big of a network you've built.

>>18863111
What drop in wages? There is none. The housing market and other assets have gone up in price but this is mostly down to government intervention. If the Government stepped back then the assets would lose value and the price of housing would go down. Instead people want shit like ''rent control''.

So you're getting income but not wealth? What?

Smartphones are far from cheap. People are only homeless for two reasons. One, they had a traumatic experience that affected their life or two, they are too lazy and make bad life decisions.

>>18863234
You obviously don't you dumb fuck. So sitting around all day will get you educated on financial system's and create a ''network''? How can you build a network from being lazy?

>>18863111
He's a kid, there's no point in arguing with him.
If he's not a kid then he's a very stupid/uneducated person.

>>18860735
Kike

>>18863214
Wheres the evidence then fag?

>>18860735
>>Dumb shit you see ignorant people say
>The Holocaust was real

>>18863322
What an abhorrent post, embarrassing

Damn i thought biz was full of people with common sense and basic understanding. How wrong i was. Bye commies.

OP what was your goal with this thread lmao. you're getting assblasted

>>18860792
>People have been progressing for decades
This doesn't mean the poor aren't getting poorer if you are thinking of relative wealth. And the rich are undoubtedly getting richer. It seems that you need to rethink some of this list.

>>18863459
>Damn i thought biz was full of people with common sense and basic understanding. How wrong i was.
Because you have to start with the man in the mirror sweetie :-*

>>18860839
What do SJWs have to do with poor people getting poorer?

Poor people live from paycheck to paycheck and in best case has 1-3k in reserves and all of that will be dumpstered by inflation. Poor people have very little if no options at all to create actual wealth.

conservacuck hot take, the thread. Shameful OP.
Hell I'm even in like the upper middle class and I'm not this much of a copetard about my privilege.

>>18863459

>I thought biz was full of people who would just reinforce my worldviews even though I'm wrong

Get over yourself

>>18863459
go back to pol and kill yourself

>>18860735
It’s not that the poor are getting MORE poor, it’s that the chasm between even the upper middle class and lower upper class is growing proportionally as wages stay stagnant across the board. So yes the poor are worse off (but not TECHNICALLY “poorer”)

>>18860735
>jeff bezos has 50 Billion dollars
He has $128B actually: https://fortune.com/2020/04/14/jeff-bezos-net-worth-2020-billionaires-amzn-amazon-stock/

>the rich are getting richer and the poor are getting poorer
https://www.forbes.com/sites/pedrodacosta/2019/05/29/americas-humungous-wealth-gap-is-widening-further/

>increase min wage
fuck minimum wage. we need UBI

>free market capitalism
B-b-b-ut it's not REAL capitalism. Real capitalism has never been tried!

>>18860839
Part of the obesity epidemic is that cheaper foods are the most unhealthy or unnecessarily caloric. To eat well you need 1) a higher budget for food in addition to living costs 2) the time to gain the knowledge of how to cook 3) the time to cook 4) if you can’t be assed with 2 or 3: the funds to hire a private cook/nutritionist to make healthy decisions for you

>>18860839
Lmao muh iPhones. Shut the fuck up boomer.

>>18862836
Wow you are stupid. How does it feel to get BTFO several times by different people in one thread?

>>18862470
Motherfucking this

>>18860735
>this is literally late stage capitalism
>marx was right
>i can't even afford my hormone replacement therapy and the CEO of a 1 trillion market cap company makes $10 million a year

>>18863487
But the poor aren't getting poorer. The poor are richer now than they were 20 years ago. It isn't a statement about wealth inequality.

>>18860839
google what relative and absolute povery is you brainlet. If you can afford relatively less than your contemporary peers, you are poor, even if you are richer in goods from a guy a 100 years ago

>>18863955
>moving the goal posts this hard
lmao classic r*ddit cope

>>18860839
>with luxury items like iphones
Oh no no no look at this turbotard

>>18863955
"the poor are getting poorer" is not the same thing "the poor are getting poorer relative to the rich".

>>18863969
>In 1776 Adam Smith in the Wealth of Nations argued that poverty is the inability to afford, "not only the commodities which are indispensably necessary for the support of life but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without"
>muh marxism, muh moving goal posts

>>18862470

A person should be free to use HIS property as he sees fit, even if he wanted to leave it for his children after he is gone.

Arguing against inheritance is the commiest shit in existance. Fuck commies.

>>18863054
>They don't print money out of thin air.

They literally, LITERALLY, do.

>>18863322
>What drop in wages? There is none.

I'll give you a one word hint. Inflation.

>>18863626
UBI is retarded socialist nonsense though, all it would do is act as a tax buffer since it would inevitably end up being taxed at a rate that would make it act as your tax payment, and so they ought to just waive income taxes altogether if they can afford to do basically that

>>18863906
See >>18863607

>>18864016
>autistic appeal to authority in desperate attempt to save face
lol never change r*ddit. throw in a socrates quote too while you're at it. Or maybe a folksy Warren R*ddit quote

>>18863955
The difference between relative and absolute poverty, you abject fool, is that relative poverty won't get you much sympathy.

>>18863626
>B-b-b-ut it's not REAL capitalism. Real capitalism has never been tried!

It certainly aint free market capitalism. Funny how you forgot those two words from your straw man.

>>18862836
>half of the middle class votes against their own economic interests
wow! It must be like they're influenced by millions of dollars in campaign spending!

>>18863322
>inflating the money supply devalues my savings account
>brrrr
>oh no i am poorer :(

>>18862836
>You're singling out a tiny percentage of the population who have inherited wealth and saying that they are the problem
if 1% of the population owns the vast majority of the wealth, then no shit it is a problem, you mongoloid.
>Half the middle class vote against their own economic interests so what do you expect?
ah yes, I sure remember voting for importing millions of 3rd worlders into Europe... Or gay marriage... Or joining the EU... Or adopting the Euro... Ah wait, none of these issues were voted, and not one single party in the parliament was ever against it. If you're shilling the voting meme as a solution for inequality, you're 100% jewish.
>I was talking about the majority of people who cry for social justice. It's at the root of our problem not the banks.
pic related. Who do you think pushes the social justice agenda? It's not about muh social justice. It's about entire generations being billionaires because they belong to one specific BLOODLINE.
>>18862887
if you don't want to address concrete facts, you're a shill, your opinion is worthless, and you're gonna live a miserable life, like the rat you are.

>quoting headlines banks planted on their TV channel (CNBC)
>quoting Jim Cramer
>zoomers are lazy
>boomers manipulated zoomers
>Warren Buffett just bandwagoned the prosperous economy (lmao)

>>18863141
That's why working is a trap and why I am never going to work again in my life. I will create projects and put them out there for free and live a modest life from BTC donations. I broke the system

The only poor people here in California are first generation Central Americans that speak no English and work under Mexicans or white people that want cheap labor

>>18863141
Jesus

>>18860839
Fucking die boomer. Real wages Haven't risen since the 70s. In 1975 the average hourly wage for factory workers was over $22 an hour when adjusted for inflation. Today, good luck getting $15. There were parties, advancement, and the company gave a shit about people. You know nothing of trying to start a family and build a career in today's world. You wouldn't last a year if you had to start over today.