Comment on Alphabet selling very rare 100-year bonds to help fund AI investment
vacuumflower@lemmy.sdf.org 19 hours agoThere are some very old contracts still not terminated around. From Netherlands before William of Orange, or from England before Cromwell. Those of nation-states (WWII lend-lease of the famous ones).
working people don’t have the money to live a dignified life for the first time since the great depression in the US,
The US is not even close to that. Your comment be proof of that, you don’t even understand how life was there and then, despite that being history of your country portrayed well enough in many movies and books.
That said, there are, of course, complications to be expected.
hector@lemmy.today 19 hours ago
You are repeating information spoon fed to you by the ones that have changed the inflation rate to understate it, which has led us to become compound fucked to the 50th power.
A minimum wage job, 1 minimum wage job, paid for a family in 1950. Bought a house, a cheap car, doctors, dentists, optometrists, other professional services people can’t do themselves, even able to go out to eat for a burger.
After the changes, it’s become less and less true, by the 1980’s it was undeniably true that wages no longer paid for what they did. By now it is a joke, they tell us our buying power has never been higher, by the numbers that is true.
I know it feels warm and safe living up the backside of the billionaires, but there is no future going further up, come straight back and join us in the sunshine brother!
Valmond@lemmy.dbzer0.com 14 hours ago
Didn’t that magic 1950 salary came out of like abusing the rest of the world in different ways though? Like the petro dollar, forcing everyone to dance to your tuba and so on?
fuzz@sh.itjust.works 13 hours ago
The petro dollar wasn’t even a thing until the 70s.
hector@lemmy.today 14 hours ago
The high living wage came from unions. And government taxing higher incomes progressively more, and taxing corporate profits more than personal paychecks, that made obscene profits progressively taxed more. It was caused by people that worked jobs being able to buy the same goods they produced, increasing output all around.
I don’t know what you are even trying to talk about here. Conflating vague foreign policy with living wages. Seeing as foreign policy got worse as living wages evaporated it would suggest you are off base there.
vacuumflower@lemmy.sdf.org 18 hours ago
Yes, in 1950, damn right. Now do 1930.
Still better than 1930.
I dunno, there might not be any sunshine stored for me, but it’s still not 1930.
hector@lemmy.today 18 hours ago
What is your point? Mine is in the post war years we achieved the most prosperous working class the world has ever known, and the most progressive taxation which had no small part in that, and in the ensuing decades brought reason and justice even more to the economy, on a scale unprecedented before that, and the rest of the western world followed.
That in 1971 that all changed and they’ve taken that all away piece by piece in an organized campaign(s). So what are you even talking about?
unpossum@sh.itjust.works 17 hours ago
Mostly for white people, and mostly because the US had built out an enormous industrial base to win WWII, and also was in the unique position of not having been destroyed by the war.