The guy who doubled down on the Iraq War? I want to believe you.
you’re not wrong, but neither is @anon61221983. being poor costs money that being rich does not. ( and especially if you’re non white. )
people who lack capital can’t make money choices to invest in things for the long term: a less gas guzzling car, a mortgage, education and training, actual investments.
also living paycheck to paycheck often involves higher rent for similar housing ( because credit scores and price gouging and lack of care by cities ), late fees, bank fees, or check cashing fees, etc.
there’s things like health care costs, no pto, lower access to well priced nutritious food, and on.
it’s costly to be poor in ways that being middle class or rich is not.
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Totally true. I get a pretty good deal on rent, because individual landlords (the kind who would offer a good deal, as opposed to property management companies) generally give precedence to people with stable middle class jobs.
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“Thats the price of being human,
when your poor enough to pay”
-Kris Kristofferson (from Broken Freedom Song)
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Mnuchin exploited the sub prime crisis by buying failed IndyMac bank and received reimbursement for the cost of foreclosing on IndyMac’s liar loan mortgages. His pleasure was unearned income from the misery of others. George Bernard Shaw observed; “The more I see of the moneyed classes, the more I understand the guillotine.”
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Word is he’s considering Jamie Dimon for treasury. I’m pretty sure he’s just as much of a shitweasel as Mnuchin. He’s not even really less inclined to sound like Marie Antoinette.
There are certainly a lot of ways he would be less awful than Trump, but that’s not one of them.
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Sure, if we’re not paying rent or other bills.
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Which is why you bring back debtors prisons, which are of course all run by private corps as well.
Oh, and those prisoners have to make things and do other labor without getting paid.
Win win for everyone (that isn’t the poors, but fuck them).
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nah, that’s Mnuchin’s toilet paper.
The $600 increase is for the men; women are worth only half as much
Wow, a whole several thousand additional dollars to stretch over a 2+ month period?
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Europe has done that - the company you work for gets a check to pass along to you as “wages.” That makes it so the company doesn’t fire you - which means you still have benefits and which means when things improve, you still have a job and can just start working where you left off (assuming it is that easy, which it won’t be, but still better than the current American way of simply firing everyone to keep the corporate books happy).
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In Europe and the rest of the world you still have healthcare benefits, working or not. It’s only tied to employment in the US.
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let’s look at JUST that for a moment, shall we?
In my area, I was renting at 1,200 a month…a little high end, and 1,000 would be closer to the market value (and easier on the math).
If I could afford a down payment on a mortgage, that same 1,000 will get a decent 3/2 house which will start to build equity. Some of that money goes to a bank, which holds a loan.
If I had a LOT of money, and could buy in cash, that payment would be zero, and while I paid for the house, all the money is now in real estate equity. NO additional money goes to a bank or land lord.
It very literally costs more money to be poor than to be rich.
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