keccers
@keccers.eth
If you make <$250k annually, you matter less and less to the economic outlook. https://www.marketwatch.com/story/most-americans-cant-afford-life-anymore-and-they-just-dont-matter-to-the-economy-like-they-used-to-5c5aaca5
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DV
@degenveteran.eth
Because they have more and more to spend because they take from that 90% 😲
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keccers
@keccers.eth
Yes. And now we have a bunch of confused people hating all of capitalism when really they hate this unchecked “max extract” version
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DV
@degenveteran.eth
My brother is a CPA VP Finance guy So he would explain how demands to increase wages etc wouldn't help as the people that control (CEO's etc) just increase prices, decrease amount given per transaction for same amount of money, cut workers etc in order to continue their year over year gains... Yep...
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Purp🇵🇸
@purp
But this is the inherent contradictions in capitalism that marx predicted that capitalists would never be able to solve and that would always on a long enough timeline cause the material conditions of the workers to break down that would bring capitalisms demise
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DV
@degenveteran.eth
I'm just saying something that I remembered that seemed relevant on the fact that they will ensure they get their gains (taking more from somebody...)
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Purp🇵🇸
@purp
No I'm agreeing I'm just saying it's not epitome of this version of capitalism like @keccers.eth said. This is the core leftist criticism of capitalism, I don't care about millionaires or even 100 millionaires in all reality( all though I do think that level of wealth hoarding is problematic) my problem with capitalism is that due to its inherent contradictions it eventually turns bad for the worker
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DV
@degenveteran.eth
😅
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