Also in US the true inflation is 2x the CPI official numbers. You have to be making $100k to match the earning power of say $40k from a decade ago... yet even if you managed to more than double your income you would still be falling behind because at $100k nominal income that now puts you into a much higher tax bracket etc...
Houses too have inflated in price much faster than income, and even if you paid off your house decades ago, that means you have to fork out more for the rising property taxes which again is based on current market value of your home...
Its estimated between taxes (federal, state, local/county, property, sales, gift, estate, etc) and insurance (life, house, car, health, dental, vision, unemployment, etc ) and healthcare, more than 50% of a person's wages is "haircut"ed...
If you make $100k you are really making just $50k
In America almost everything is fake, including the mandatory Social Suckerity that will never be there by the time most Americans retire
Plus the 401k, IRA, mutual funds etc and entire "stonk" market is really just a NFT ponzi tulip pyramid scheme since the FED started directly injecting fake money into it... one day it too, like the US dollar, will soon go to zero
That is why America is basically ruled by stupidity.
Right now, what they have is a communist system in America, for the rich people involved in banking, investment banking, real estate, and medical products like pills. The money never stops coming into their pockets, and they can do no wrong. If they do screw it up, then the costs are paid by someone else, and they get to continue unscathed. That is really is communism, in a practical sense.
That is the system the 1% enjoys, with the government bailouts and patent laws.
What about the 99%? Who cares, they do not know what is going on.
The system in America is so far gone, there are too many vested interests, and too many lawyers protecting their clients to maintain their vested interests, there is absolutely no way the system can change for the 1%. They will continue enjoying rentier profits, while the 99% remain clueless.
Haha! It is not suppose to be funny, but it is.
One way to fight back, is to demand a UBI.
If the 1% gets free shit from the government, why does the 99% does not deserve free shit?
Of course, no one wants to talk about that.
America, used to be thought of a fair place towards its citizens. Today, that probably is a minority opinion.
The 99% has no clue on how to fight back. Look, if Jerome is giving them money, how come no one else gets any money from Jerome?
