Fleck wrote:
Where is this sprint to Socialism coming from? Younger - under 30 Millennial type of voters. This demographic and cohort actually outnumber the Baby-Boomers - many of whom now in their advancing age, drive the Right Wing vote!
Some have said that this is the last gasp of the right and that ounce the younger generation starts voting in the same percentage as older voters, it's all over for the right.
I would argue we have let the return on capital relative to the return on labor sky rocket. You can make money with money really easily these days but you can’t make that much money with labor. Companies used to train workers now they tell them to take out a loan and go to school first. We let education costs skyrocket and cut state funding at the same time.
Financially the millennials and below have it much harder than previous generations based on what they have to invest to get a job that allows them to own a small home have 2 kids and get them through a state u. Never mind a stay at home spouse that was common in previous generations. I say this as a gen Xer. My timing of arrival was great! If you can’t see this you are fooling yourself.
When I went to college in the early 90s it was $10k/yr all in. So 40k. My first house was &126k.
Someone doing that now would be in $120k on in state tuition room and board and my first place would go for about $450k right now.
So, for the same lifestyle choices from $166k to $570k in 25 years... if they could even buy the house cause there is probably a cash bidder looking to buy it and rent it back to them.
Starting wage at my company is less than double over that time.
What’s in it for them if the system returns on capital ownership and they don’t have a path to owning capital?
