Comments by "" (@badluck5647) on "Why America Is Becoming Increasingly Anticapitalist" video.

Workers are more productive due American education and technology. However, these graphs ignore how cost of living has outpaced salaries.
18
@Ryanrobi That is because companies prefer a bunch of part time workers over full time workers as it give companies a lot more flexibility.
8
@scottdavis3571 Workers who didn't risk their money in the capital, develop a product, or organize the company? Employees want all the benefits of the 10% of businesses that succeed, but they offer nothing to the 90% of businesses that fail. Seems greedy.
5
While you make some good points, you can't ignore how social media has made poured gasoline on the "keeping up with the Jones" mindset.
4
@_TheWorldCitizen_ Not directly quoting Churchill, but I did plagiarize his sentence structure, because the point still applies.
2
@scottdavis3571 Clearly, you are intellectually bankrupt to ignore how entrepreneurs are the ones building innovation.
2
Quality of life is improving. It just doesn't feel that way because social media tricks people into thinking everyone else is richer, happier, and has more friends.
1
@Lando-kx6so Yes. Food, for example, has become so cheap that obesity is more of an issue than hunger. You also have things considered luxuries for the rich are now common place even among the poor: smart phones, cars, televisions in multiple rooms, personal computers, etc. Thing most Americans have seem unimpressive because Americans only compare themselves with other modern Americans.
1
The younger generations are the ones who have abandoned work-life balance. Despite what they claim, boomers aren't the ones putting in longer hours.
1
Capitalism is the worst economic system, except for all those others that have been tried
1
@ethandouro4334 Facist governments tried that. It doesn't work.
1
@pebblepod30 You are an example of "not understanding statistics." Housing prices rising doesn"t affect GDP as price speculation doesn't produce an output. House building is a positive in GDP, but liberal zoning policies have prevented more homes from being built.
1
@scottdavis3571 If "anyone" can develop a market niche by throwing money at an issue, then why are some of the biggest companies only a few decades old? By your logic, the dominant companies simply be the established companies with the most money instead of companies with innovation and good business sense.
1
*Wealth taxes destroy economies and just creates more tax evasion *Covid stimulus checks was a form of universal income and it was a disaster.
1
@james1635 That is because you are ignorant of economics. Japan and China actually have a deflation issue. Most central banks have a goal of low inflation as it encourages spending and investing. Only when governments mismanage their fiscal and monetary policies does high inflation become an issue.
1
@james1635 You said, "truly stopped inflation." (Don't edit it now). Inflation isn't something to solve. 2% to 3% inflation is the goal, and historically, many countries hit that goal. To imply that high inflation is inevitable is "truly" dishonest or "truly" ignorant.
1