Hi Satsmate Stackers,
Over the past couple of decades, we have seen extreme wealth and homelessness explode. Levels of inequality haven't been this high since the Gilded Age, or since feudal Europe. This great divide is exacerbated by the Federal Reserve's money printer, and corrupt political class, and the concentration of capital with corporations. In this podcast, I go over details of homelessness, the wealthy, and further issues driving the wedge into this divide:
- Homelessness has increased significantly over the past couple of years (2020 stated around 580K and 2024 771K) - Likely significantly more
- Average net worth of the 1% in 2020 was $32.1M and today it is $39.1M
- The middle class has been shrinking significantly, and this number is expected to increase if nothing changes
- Current admin (and even under the previous), a lot of homeless people were displaced and discriminated against… Where do they go?
- My stories with homelessness, money, food, water, and more
- Hand up, not hand out
- Nashville, Chicago & Phoenix stories
- To be fair, we are in an extreme case of corporatism & crony capitalism - which is exacerbating the wealth divide in the United States.
- Wealth inequality levels are at their highest since the Gilded Age in the 1920s
- Affordable homes are not being built, and it is causing a further divide in our country
- Builders don’t want to build affordable homes, because the margins aren’t as high
- Further, Blackstone, private equity companies, and the lack of new buildings are further causing this divide
- Entry-level jobs are starting to be replaced, due to automation, AI, and further and importantly, outsourcing to other countries with cheaper labor
- We need more affordable housing, fewer regulations on building housing, and to de-monetize housing as an asset
- This is what bitcoin is aiming to do: demonetize housing, because the money is broken - housing is being treated as money
- To solve this, we can’t just give handouts; we need free market solutions - and that would be flooding the market with more housing
- You can’t necessarily blame the rich; they are trying to protect their assets…
If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.
Best Regards,
SatsMate Stack
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate
Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG
Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest
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