| You can summarize it like this: People WITH ASSETS (real estate, stocks, businesses, etc) have done incredibly well since Obama. Real estate has skyrocketed and mortgage rates dropped to 2%. The stock market has gone up 10x, but some stocks like nVidia has gone up 100x. People WITHOUT ASSETS have been fucked. The prices have all inflated, rents have skyrocketed and food has skyrocketed but they have nothing except their paychecks to help pay for living. They need 2 jobs just to stay afloat and there is no way they will ever afford a house. They are fucked. The people with assets have an inordinate amount of money such that they can do extremely sociopathic things that people shouldn't be able to do. Hedge funds are buying hundreds of thousands of the single family homes and turning the next generation into permanent renters. Mark Zuckerberg is so rich he bought an entire neighborhood in Palo Alto (guarded with a bunch of security guards) so that his family could have a fake semblance of normalcy, but then he buys an entire island in Hawaii as well. The rich are inordinately rich and doing sociopathic things, meanwhile the lower and middle income people with no assets can't participate in the upside and have no power to fight against these sociopaths. And you wonder why Mamdani was voted in? It's clear as day to me. |