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Doncarlo
How Money Works
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Comments by "Doncarlo" (@doujinflip) on "Can We Afford For Everybody To Be Financially Responsible?" video.
Problem is we're not paid enough to have a savings cushion to liquidate for sudden shocks like medical bills, legal fees, unplanned babies, etc which only seem to get more expensive to resolve on top of it.
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Right, increased savings don't provide a real benefit unless the supply grows to match that demand when it starts getting redeemed. Kind of like how in China everyone bought into real estate making even 3 generations of savings insufficient, while the number of truly desirable locations to own such properties have remained basically static.
19
That might be a side effect of our technology-driven modern economy, where a few years of waiting really would render the product unable to function.
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