re: Here Are 6 Things White People Say That Highlight Their Privilege

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You bet your arse they do when they find out median housing prices are way out of their blue collar paycheck.

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I was talking about the people that were employed by all of the FDR projects. Not current day.

I would love to talk about housing though. The fact that we legally allow people from other countries to buy property here while also allowing investment firms to buy entire neighborhoods has a lot to do with our out of control housing market. There are also a lot of people trying to make money on Airbnb and crap like that and it's all creating a huge bubble and a huge problem again. It's the free market doing its magic LOL

I don't think we should allow corporations to buy houses. Straight up. We definitely shouldn't allow people and investors in other countries to do it. We should also have a cap or more regulations on the usage of Airbnb.

You keep being so close to right and then you keep taking a hard right turn. The median prices of homes are because of too much wealthy people investing in them and not enough regulation to curtail that. The government can actually help by building affordable housing but the people that pay for the government don't want that so we don't get it. That crony capitalism you speak of works for the rich not against them

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Simply saying that the money gets used in the economy so it's totally fine is silly because I can make that same point when I say that the government sending a stimulus check out helps the economy.

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Those are not close to the same thing. There are two sides to the economy - the supply of goods and services (value) and the price they command (currency).


Investments by private equity increases the value side which affects the currency side into ways - fluctuation in price in similar goods and increased currency in the general population.

Stimulus checks simply move currency from one group to another without any correspond growth in value - this decreases overall investment. It’s a band-aid that makes the infection grow.

Massive currency printing is even worse as it creates nothing of value and actually decreases the value of the means of demand.

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incredibly impoverished and marginalized communities have a harder time pushing forward developing properly. I find it odd that you have to go back 300 years consideri

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yeah, look at south korea

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Intact families

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That's not a privilege, it's a choice.

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Jeff Bezos has made billions more dollars in the last few years then he had several years ago

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Bezos doesn’t really “make billions a year” - at least not like you are presenting it. His wealth is fundamentally tied to value of Amazon and as that value increases year to year, so does his wealth. He didn’t receive a bunch of billion dollar income checks last year and park them in a a checking account.

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and those jobs have already been created.

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Bro, Amazon has created over 1.6 million jobs over the course of 11 years.

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Youre creating wealth, which is used to create jobs do other things in the economy.

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I'm sure originally that was true but I can't imagine The Jeff Bezos has created any more jobs with the last few billion he's made From investing. And that was probably just within the last couple of years

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, Amazon has created over 1.6 million jobs over the course of 11 years.

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Well since you're joining A little late in the conversation I will tell you that my entire point was To say that if we're talking about excess money supply causing inflation Then look at billionaires and how much More money they are creating in terms of Investments That contribute to money supply Period Jeff Bezos Just sold Billions of dollars worth of shares. That means he converted a speculative asset into actual money supply. Now he will probably Park that into other assets which will also create more money that he will then add to the money supply. There's just no getting around that

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Bezos doesn’t really “make billions a year” - at least not like you are presenting it. His wealth is fundamentally tied to value of Amazon and as that value increases year to year, so does his wealth. He didn’t receive a bunch of billion dollar income checks last year and park them in a a checking account.

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I understand how money works. Lol. Thanks. And yes he does have literal net worth that is attributable to things other than stocks

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but I can't imagine The Jeff Bezos has created any more jobs with the last few billion he's made From investing.

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Then where is that money?

Its not idle.

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Growing government makes it worse, not better. Regulations make it worse, not better.

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That is not necessarily true. We are one of the wealthiest countries overall yet we are the only first world country without a public health care option and we have a lower life expectancy than most of those countries. Simply saying that growing government is worse is way too vague in General for the statement to have any value

There are plenty of regulations that have helped the working class and the American people. Simply acting like all barriers for entrepreneurs, which are some of the most useless people in society, is also too vague and General to have any meaning. I'm sure DuPont would still be dumping dangerous chemicals in West Virginia had it not been for some sort of regulations. If profit is the only motive then there will be plenty Bad actors

We are, but that doesnt have anything to do with the fact that regulations are part of what makes goods and services unaffordable for the poor and restrict business opportunities for those less well capitalized or grandfathered in.

As we become more wealthy and you add barriers, the window shifts upward and becomes a floor, which becomes unattainable for those at the bottom.