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Comment on Why the cost of living crisis will not get better

No1@aussie.zone ⁨2⁩ ⁨days⁩ ago

unless we have a recession, a biiiiiig one, with massive unheard of deflation of like 25-30% to get prices back to where they should be.

I think you’ll find that historically recessions/depressions allow the rich to get richer, as they can buy the assets cheaply that the poor have to sell off to stay alive.

Unless you have cash and liquid assets now to let you live 10 years, you won’t last what you wish for.

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Grail@aussie.zone ⁨2⁩ ⁨days⁩ ago
To be fair, if you’re already on unemployment, queuing up for bread isn’t much of a change. It’s the middle class who do have to sell of their homes that lose the most. If you already have nothing to lose, then nothing changes.

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- No1@aussie.zone ⁨2⁩ ⁨days⁩ ago
  
  the middle class who do have to sell of their homes
  
  Exactly. So, they become poor.
  
  I’m roughly defining anyone who ‘owns a house, and cash and liquid assets now to let you live at least 10 years with no income’ as who would win, and anyone without that - welcome to the poor club.
  
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FreedomAdvocate@lemmy.net.au ⁨2⁩ ⁨days⁩ ago
I don’t care if the rich get richer if that’s what it takes for the price of living to get better.

Like I said, it won’t happen anyway - the government won’t let it, and that’s why the cost of living is never going to get better.

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- No1@aussie.zone ⁨1⁩ ⁨day⁩ ago
  
  I don’t care if the rich get richer if that’s what it takes for the price of living to get better.
  
  Interesting. How does it help if the price of living improves, but you have no home, no job wnd you spent your assets on ‘cheap’ food and rent?
  
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  - FreedomAdvocate@lemmy.net.au ⁨1⁩ ⁨day⁩ ago
    Do you think that … everyone that isn’t rich…just loses their job in a recession?
    
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    No1@aussie.zone ⁨1⁩ ⁨day⁩ ago
    No, but I have empathy for those that suffer the most.
    
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