Comment on Data centers will consume 70 percent of memory chips made in 2026 - supply shortfall will cause the chip shortage to spread to other segments | Tom's Hardware

phoenixz@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

• Ilovethebomb@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

  This platform is so incredibly out of touch with reality, especially the more left leaning side of things.

  A millionaire these days just means you’ve paid off your mortgage and have a decent amount put away for retirement.

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  • ScientifficDoggo@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

    I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.

    Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.

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    • Ilovethebomb@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn’t the solution.

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      • ScientifficDoggo@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

        Oh, for sure, but I’d bet my goat that the problem would go away WELL before people started looking at single family homes actually owned by families.

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    • iopq@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?

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      • Bronzebeard@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

        They don’t need to own all of them, just slightly more than the turnover/growth rate. If a community only has 2% of people moving in/around, and billionaires own 4% of the houses in an area, they can still jack up the prices, which changes the value of all the homes

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      • ScientifficDoggo@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

        Not what I said my guy.

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  • evol@lemmy.today ⁨2⁩ ⁨weeks⁩ ago

    Marx himself wrote this long ass book explaining the capitalism of his time, yet modern leftist have no interest understanding the economy of their time.

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    • sin_free_for_00_days@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

      I don’t remember it being that big of a book.

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      • evol@lemmy.today ⁨2⁩ ⁨weeks⁩ ago

        I think all volumes of capital combined are like 1000 pages?

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    • Ilovethebomb@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      There’s a lot they don’t understand, to be honest.

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• anon_8675309@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  A million ain’t what it used to be. You want to retire so you need to invest. You don’t want to pass laws that make that impossible.

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  • Mongostein@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

    But if you had free healthcare, UBI, and your home is paid off, would you really need to save that much?

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    • iopq@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      If your home is paid off you could have over a million already

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• RamRabbit@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Millionaires shouldn’t exist.

  Most middle-class people who put their mind it it will become a millionaire. It involves not buying cars constantly and investing your money and letting it grow for decades. I can’t stress enough how big of a difference those two things make.

  Seriously, a huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.

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  • Ilovethebomb@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

    Very much so, even someone in the trades could well be a millionaire when they retire.

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• Bronzebeard@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

  Any wealth over 1 million

  So you don’t understand the value of money, got it. This isn’t even a decent retirement anymore. And that’s if it’s all invested assets. Not even including the absurdity of housing values these days. You can only pull 35-40k from that without hitting the principal.

  You can reach 1 million in assets over a decade or so as a middle class worker.

  Stop drawing your lines in the sand through your fellow workers! You kill any support you might have with this idiotic crab in a bucket mentality.

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  • demonsword@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    You can reach 1 million in assets over a decade or so as a middle class worker.

    This might be true in a rich 1st world country. For a small subset of “middle class worker”, most live paycheck to paycheck, barely scraping by.

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    • Bronzebeard@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

      …yeah, this is in USD, we’re working with a specific assumption of population here. Also, definitionally, anyone barely scraped ng by is NOT middle class. That’s the entire point of the designation.

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• iopq@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that

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  • sin_free_for_00_days@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

    If you are in my state, it’s taxed via property tax.

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    • iopq@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Yes, he pays property tax, but people are suggesting a wealth tax which would be bonkers. He would have to go back to work or seek the house

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      • sin_free_for_00_days@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

        And I was suggesting that the middle class already pays a wealth tax as most of their wealth is in their home. I agree with OPs sentiment, but have it start above $5 million and have it pretty steeply progressive.

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• athatet@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

  “Capitalism will ONLY work…”

  It really won’t.

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