The main problem is that investment funds need the constant growth in order to pay for people’s pension. If you don’t have index funds that return above a given yield, year on year, then there’s no way for pensions to work because there aren’t enough young people being born to work and pay taxes to support the older people’s pensions. That’s why every financial services company is pushed, hard, to return more and more profits. That’s why governments don’t regulate them harder: because they NEED the financial sector to be greedy on an epic scale, or else the economy doesn’t work.
WILL: “Jesus, Seth; listen, if you really wanna do this with your life, you have to believe you’re necessary. And you are. People wanna live like this, in their cars, and their big fuckin’ houses that they can’t even pay for? Then you’re necessary. The only reason that they all get to continue living like kings is ‘cause we’ve got our fingers on the scales in their favor. I take my hand off? Well then the whole world gets really fuckin’ fair, really fuckin’ quickly, and nobody actually wants that. They say they do, but they don’t. They want what we have to give them, but they also wanna, you know… play innocent, and pretend that they have no idea where it came from. Well, that’s more hypocrisy than I’m willing to swallow, so fuck 'em. Fuck normal people. You know, the funny thing is, tomorrow, if all of this goes tits-up? They’re gonna crucify us for being too reckless. But if we’re wrong? And everything gets back on track? Well then the same people are gonna laugh 'til they piss their pants, 'cause we’re gonna look like the biggest pussies God ever let through the door.”
SETH: “You think we’re gonna be wrong?”
WILL: “Nah, they’re all fucked.”
The whole world economy is based on a system whereby the global regions and demographics that Have, extract wealth and value from the regions and demographics that Have Not. And everybody here commenting on this post are Haves. Maybe not on the scale that some others are, but I know I certainly didn’t have to walk several hours today just to get clean drinkable water. Given what some people are forced to do without despite how hard they work, I really shouldn’t be able to afford the lifestyle I have for the amount of work I do. But I can, and that’s because my government tilts the scales in my favor. And even I’m financially screwed compared to some other people! The only way to fix it is a complete overhaul, and nobody has the stomach for that.
the point with the Have’s and Have Not’s is an interesting argument. yet, you lack vision. the system you describe is (obviously) not sustainable, because ultimately you’re gonna run out of Have Not’s resources to spend. You need to develop your vision for a better world, one that can actually feed us all without slowly ruining it.
then again would it make any difference of somebody else owned these homes and charged high rents? the problem is not the owner but the high rents
The main problem is that investment funds need the constant growth in order to pay for people’s pension. If you don’t have index funds that return above a given yield, year on year, then there’s no way for pensions to work because there aren’t enough young people being born to work and pay taxes to support the older people’s pensions. That’s why every financial services company is pushed, hard, to return more and more profits. That’s why governments don’t regulate them harder: because they NEED the financial sector to be greedy on an epic scale, or else the economy doesn’t work.
https://youtu.be/nBEgJZdd2BQ
The whole world economy is based on a system whereby the global regions and demographics that Have, extract wealth and value from the regions and demographics that Have Not. And everybody here commenting on this post are Haves. Maybe not on the scale that some others are, but I know I certainly didn’t have to walk several hours today just to get clean drinkable water. Given what some people are forced to do without despite how hard they work, I really shouldn’t be able to afford the lifestyle I have for the amount of work I do. But I can, and that’s because my government tilts the scales in my favor. And even I’m financially screwed compared to some other people! The only way to fix it is a complete overhaul, and nobody has the stomach for that.
the point with the Have’s and Have Not’s is an interesting argument. yet, you lack vision. the system you describe is (obviously) not sustainable, because ultimately you’re gonna run out of Have Not’s resources to spend. You need to develop your vision for a better world, one that can actually feed us all without slowly ruining it.
And sustainable housing is surely a part in this.