874
An economic lesson...
(lemmy.world)
But ...
But ...
Trickle down economics!
Capitalists:
The capitalists do trickle down onto the rest of America, it just isn't prosperity. Even worse, we export our sociopathic market capitalist behavior, encouraging other nations to treat their citizenry like disposable capital batteries for their elites... and our multinational oligarch leeches.
I feel shame for what we're doing to the world every damn day, spreading market capitalist hypergreed and tools of mass death like a fucking virus.
The best time to join a union was ten years ago.
The second best time is now.
You can't gatekeep basic necessities that people need to live and then call the same people free.
It's simply not true. We're slaves to capital and to those that control it.
Communism is the only way humanity survives.
I mean.
I guess I could sell my car and commute entirely by ebike 30 miles a day. I'd technically make it eight weeks if I did that. Wouldn't even lose my trailer! Might even be able to eat!
commute entirely by ebike 30 miles a day.
Is that at all feasible?
Like, kind of? That's both ways, so 15 miles one way means I could use a decent level of pedal assist. Regulations mean my ebike can't go faster than 25mph, but as long as I'm not on the highway that's fine.
Also, I'd be taking mostly farm-to-market routes. Lots of 35mph roads, mostly gravel (fortunately I have mountain bike tires and shock absorbers so gravel isn't really that bad). I've done this a few times, but doing it every day... forever because I sold my car would be seriously challenging. Especially in bad weather! I'm in Iowa, it snows tons out here!
Ah, see, turns out we are in similar situations, including climate wise. Hence the original question
I mean not in pedestrian and bike hostile places. But in Germany I was commuting 30km each way daily on an analog bike, no problem.
For reference, 30km is 18.6 miles.
30 miles would be 48km.
It's feasible, but it's a pretty significant time investment!
Not just a time invesent -- if you're biking 18 miles you're going to need a shower where you're going, or you're going to need a job where you can show up drenched in sweat.
And that's not factoring in rain or snow or having to transport large objects or people.
I mean considering people drive a hour each way in many places...
Yeah like, I've done it. It's not terrible.
If the weather is fine.
I wouldn't want to do it in blowing snow lol
Same, would sometimes hit the Schauinsland on the way back home just for fun
I know a guy that did that. Used the work gym showers before starting day.
Crud, I don't have those
I got 2 weeks.
ngl, the main reason I have a car is a weird sense that it's an interim step/backup before I hit real homelessness.....
buy something with a roomy back seat... just incase
Hatchback. The back seats fold down, so should be comfy enough 👍
I mean they are correct. You should try to save up enough money to be able to live 2 ( or even 3 ) months without salary. Regardless of your political opinion on how a system we live in should be you should try to do that just for your own benefit and safety sake.
Besides one statment dosent exclude the other. Once again regardless of your opinions abut the system we live in pepole should have basic financial literacy to know that they should save up some money and not use credit cards as much as possible and other basic stuff ( you would be suprised how many pepole have no idea how it works or why you should save money instead of treating credit cards with horrendus intrest rates as you emergency fund )
Issue is, salaries are not enough, some credit cards give great benefits and cashbacks, and sadly the credit system is being exported to other countries, it is no longer an US only problem.
First time I tried to get a mortgage, I got rejected by multiple banks due to my "inexistent credit footprint", which was just the local flavor of a credit score. The banks even offered to give me credit cards, encouraging me to use them and NOT pay them off to prove I had a good payer behavior. Got lucky and found a credit union who didn't ask for any of that but had higher interest rates, so lose-lose situation.
Just save up more money. If i remember correctly saving 20% was always standard where i live. Also there is no way bank would wilffuly advise you to not pay off your credit card. But yeach mortages suck. Actually cost of homes suck. Ina country where i live developers apparently have something like 30 to 40% profit margins which is crazy.
The response here to "people must be financially illiterate if they can't live without income for months!" is no, they aren't illiterate, they live in an economy designed to keep a ton of people in precarity.
Everyone understands it's nice to have some money set aside for rainy days. It's such a simple lesson that calling it "financial literacy" is almost condescending. The problem isn't that people haven't heard of saving, it's that decent-paying jobs aren't common, basic costs like housing and healthcare are rising rapidly, and even if you do everything right there are a thousand ways to get a fat bill dropped on your lap that takes you back to square one.
No . Pepole do not understand that. Pepole are dumb as f. Not everyone but there is more than sufficient number of pepole that have nothing saved up to call for better financial literacy. There are pepole living from paycheck to paycheck that make more than a hundred thousand dollars per year without any money saved up. Like i said the rapid cost of living crisis and the financial literacy are not colleralted. So long as there are pepole dumb enough to spend money in the casino or even worse on gachas so long there is not enough financial literacy. Is it to simple to call it financial literacy. Frankly speaking yes , it should be called something like personal finances but thats the term that everyone uses and i really dont give enough f about the name. Are there financialy literate pepole that have fallen on due to bad circumstances. Yes. Of course they are. Particulary young pepole that just dont have enough time to build their war chest . But it dosent change the fact that those pepole due to their better ability to deal with their personal finances have better chance to recover. It just as simple. Does that solve the underlaying systematic problem. Not really. But it allows pepole to better deal with said problem. Better is the enemy of good.
The predatory credit cards in the US should be not legal. They are exploiting people who don’t have so called “financial literacy” and encourage wasteful spending.
In Europe the US style credit cards don’t really exist and people just have debit cards. Also there is a social safety net, so people don’t have to rely on keeping money in the bank for when they become unemployed.
Suddenly a millionare after reading this!
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this post was submitted on 10 Sep 2024
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