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Strategies & Market Trends : US Inflation and What To Do About It
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To: John Vosilla who wrote (1176)11/13/2019 6:37:33 PM
From: Rarebird  Read Replies (2) of 1504
 
Let's talk about the "real world" John. I see tremendous income inequality and surging costs for healthcare and college education, costs that have gone up immensely in regard to people's wages and so called government inflation figures.

Is it any surprise that most millennials are not able to pay back their college loans? What kind of jobs are out there that allow a young college educated person to pay back their loans? Many have given up trying to pay back their loans. Does that mean they are not hard working? Or, does it mean they were sold a bill of goods that most had no chance of being able to pay back? And how about the cost of healthcare and some drugs? It is outrageous and can bankrupt most people if they get sick without insurance? In fact, some cannot even afford insurance. Let's not bother to talk about Obamacare; that's one of the biggest farces that ever was.
I like Warren. Many of these student loans need to be forgiven. It is a permanent noose around young people's necks that will hinder them for the rest of their life and cause stress and anxiety.
NYS was wise in providing free college tuition for children of families earning under 125k a year. Even in Nevada, community college is free for all. I know you have become a bit of a hard hat lately, but giving a young person an opportunity to succeed without acquiring massive debt that most will never be able to pay back is Noble and supports equal opportunity to succeed. As far as healthcare is concerned, it is a mess. 20% of Americans cannot even afford health insurance. Do you think they are all lazy? And many others who do have health insurance, refuse to go to doctors because they cannot afford the out of pocket costs. And you think I am living in a "pure ideological bubble?" I live in the real world. I know it is best to empower people rather than give them something for free. Fact is many working class people cannot afford the surging cost of healthcare. That is fact, not living in some "textbook." When people die because they cannot afford medical treatment, that's a serious problem that must be dealt with.
As for the tremendous wealth gap, that's a big problem too. Filthy rich people should pay more, a lot more. Supply side economics is a farce and lie: it doesn't trickle down to the point of relevance.
The stock market is one big farce too. It is the playground of the wealthy. In a way, I am not complaining since I have profited from its rise. People need to pay their fair share or you will see candidates like Warren and Sanders grow in popularity in the years ahead. And I am a multi-millionaire telling you this.
Wake up!
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