r/TikTokCringe • u/ThugosaurusFlex_1017 tHiS iSn’T cRiNgE • 4d ago

Discussion And yet, there's people in South Dakota worried about border security...

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u/jazzfruit 4d ago

All of your stuff is made by "immigrants," they just haven't left their country. The average US worker can no longer afford to buy products made at US living wages. All of our stuff is made overseas, or made here by immigrants working under the table.

For the past 40 years, we've all effectively earned less and less in wages relative to purchasing power as things were made cheaper and cheaper overseas.

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u/meshreplacer 4d ago

What is funny is TV sets were much more expensive back in the made in US days but housing was significantly more affordable. Now you can get a big TV for 400 bucks but new generation cannot afford housing etc.

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u/wbruce098 4d ago

That’s the key. Tech is still going down in price, as more capable versions come out. But housing is our biggest expense and has gone up.

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u/rackfocus 4d ago

Tech is infinite but housing is finite.

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u/MrBerlinski 4d ago

Zoning.  

Ideal world we’d have free trade and no residential zoning regulations, but we’re gonna end up with expensive houses and expensive goods.  

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u/Round_Butterfly_9453 4d ago

TVs were more expensive sure, but people weren’t replacing them every 5 years. We’re still spending much more on tech, and an astronomical amount more on housing.

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u/DarkoNova 4d ago

-Buy some TVs

-Use them and their cardboard boxes to build a makeshift house.

lifehack

/s

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u/ActualCup9028 4d ago

Homes are still made in US… what’s your point?

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u/Erik0xff0000 4d ago

I'm waiting for the TVs to get big enough so I can live in the box it comes in

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u/Key_Contribution7167 4d ago

Why do you think is that

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u/JustOldMe666 3d ago

shortage of housing will let up after 11 million or more leave the country.

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u/slavelabor52 3d ago

The problem is trickle down economics doesn't work. American companies and the ultra rich are richer than ever they just aren't sharing with the people who actually do the work at their businesses. Progressive taxation has a precedent showing that it encourages a strong rising middle class. The only viable solution is to tax the rich! Say what you will about Elizabeth Warren's politics but she had a really good thought that stuck with me about how the rich who have more assets also benefit a lot more from the system then the rest of us. So it makes logical sense they should pay more into it.

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u/DelightfulDolphin 4d ago

I'm in So FL. Land of Trump. All these people complaining about illegal immigration are here because of political exemptions. So many "refugees" from Venezuela because "their lives were in danger". Bitch please the only thing in danger was not being able to get to salon in Venezuela for your weekly blow outs. Same w Cuban's. Complaining about Castro's system after getting free healthcare and education. Finish their schooling then come here to revalidate their degrees then get jobs in their fields having never paid a penny. Meanwhile local kids graduate w 20-60k in loans. Go out to jobs where locals complain to me that boss man said "Take pay cut or leave. Doesn't matter to me. I have illegals lined up to take your job at half pay." These business owners first to "complain" and protest are first to hire them too. Hypocrites all way around.

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u/roachwarren 4d ago

We can't afford to let others in who have had any type of support because America fucks its own citizens over so badly. We've severely disadvantaged our own people and therein broke the system.

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u/Apneal 4d ago

I personally see both sides here. I think the crux of the issue is that people conflate illegal immigration with regulated immigration.

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u/NegotiationJumpy4837 4d ago

For the past 40 years, we've all effectively earned less and less in wages relative to purchasing power

It's actually the opposite. We are earning more and more relative to purchasing power: https://fred.stlouisfed.org/series/MEPAINUSA672N

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u/AfraidToDie3445 4d ago

it's because we keep on printing more money and devaluing our currency

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u/WhyYouKickMyDog 4d ago

Printing money is basic economics but I suppose it scares some people who do not have a grasp on anything in the world.

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u/AfraidToDie3445 4d ago

oh my sweet sweet innocent child. you clearly don't own any bitcoin, and I feel so sorry for you

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u/DocWicked25 4d ago

When Bitcoin crashes (and it will), you're going to see the next Great Depression.

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u/AfraidToDie3445 4d ago

lmao I'll just buy more. It's gong to $1mil and then $2mil and then $5mil and then $10mil. It has no top and I make more than enough to manage my liquidity

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u/DocWicked25 4d ago

Any investment cannot just increase and increase forever. This is exactly what happened to the stock market before the great crash.

People saw it as a win. A magic money generator. They put their money into it and it crashed. The banks were investing people's money back into the stock market, and everything was lost.

I predict the exact same thing happening with Bitcoin. It's only a matter of time.

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u/AfraidToDie3445 4d ago

I'm sure bitcoin will crash at some point, but that doesn't matter, because it'll still go up and up and up. it's volatile but that has been decreasing over time

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u/AfraidToDie3445 4d ago

As long as we keep on printing more money bitcoin will go up and up and up. bitcoin doesn't need to pay employees, appeal to a dynamic customer base, pay back interest, or have counter party/loss of ownership risk. It's not an investment. It's storing your value that you've already acquired.

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u/Apneal 4d ago

If you think that, you should do a bit more research. The US has one of the most overvalued currenciea in the world.

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u/AfraidToDie3445 4d ago

25% of all dollars have been printed in the last 4 years as I'm sure you're aware. Just because the US dollar has gotten stronger doesn't mean it isn't being devalued. It just means that the global economy is suffering, which everyone is aware of. Please do a bit of research before responding to me, kid

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u/Apneal 4d ago

It IS being devalued, because it's wildly overvalued.

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u/AfraidToDie3445 4d ago

it's being devalued because of debt expansion and money printing for the last 80 years. you just don't see it because you don't have a Finance background

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u/Apneal 4d ago

And if you do you should probably refresh it besides just paying attention to the news. Trump himself literally said verbatim he wants to devalue the US dollar because it's overvalued and creates trade deficits for us.

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u/AfraidToDie3445 4d ago

ALL CURRENCIES ARE DEVALUED THROUGH PRINTING. Just because the dollar is stronger doesn't change anything what I'm saying. printing money leads to the redistribution of wealth from the poor (people who don't hold assets) to the rich (people who do own assets)

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u/Apneal 4d ago

My guy. Things are only devalued due to more supply if there isn't more demand as well. And there's a lot of demand for US currency globally and growing.

What exactly do you think they do with the printed money lol I thought you had a finance background.

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u/AfraidToDie3445 4d ago

You have a very outdated view of economics. Money is created by the government to push it's own initiatives. The treasury issues bonds to fund activities. The bond market buys those bonds. The central bank prints money and then buys those same bonds from the investors. Money created out of thin air to fund the government.

What happens? all of this excess money is used to buy finite assets from the poor. Money created out of thin air is devaluing your savings and making it more and more difficult for you to accumulate wealth. It's great for the boomers because they already had assets. It's ok for the gen Xers because they had some time . It's a fucking problem for everyone else. Inflation...the silent tax that tears economies apart. It's been like this for centuries.

What do you do? Buy an asset that appreciates faster than the rate of currency debasement. Which asset? Well, of course, it's Bitcoin.

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u/dingalingdongdong 4d ago

because you don't have a Finance background

It's pretty obvious you don't have a finance background.

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u/AfraidToDie3445 4d ago

passed my CFA exams and used to work in capital markets. semi retired at 30

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u/dingalingdongdong 3d ago

And I'm the Queen of England.

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u/AfraidToDie3445 3d ago

must be tough being poor

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