Comment on We compared the finances of 30-year-olds now, to 30-year-olds 30 years ago
Ilandar@aussie.zone 9 months agoThe bad things did not just happen, they were conscious choices or the inevitable consequences of those choices.
Which the authors then go on to explain in further detail, following the introduction. It’s right there in the sentence you cherrypicked that phrase out from:
An analysis of five factors — housing, healthcare, debt, tax, and income — reveals the age group is caught in a perfect economic storm.
Spendrill@lemm.ee 9 months ago
Here’s my improved version:
An analysis of policy, formed by corporate interests and pushed upon the public in the 1980s, shows how it deprived the current crop of young adults of social housing, under-invested in public healthcare, enabled predatory lending practices, distorted the tax system so that a disproportionate amount fell upon the lowest three deciles of tax payers and hobbled unions while outsourcing manufacturing to the developing world causing earnings to plummet.
Ilandar@aussie.zone 9 months ago
Aaaaaaaaand breathe!
Spendrill@lemm.ee 9 months ago
Yeah, I know, wrong meeting.
mranachi@aussie.zone 9 months ago
Nah good on you, fight the good fight. It wasn’t series of mistakes it was deliberate policy choices. Policy choices that show no sign of being changed. Capitalism has eaten democracy from the inside out, it will continue dancing around inside is skin till we see it for what it is.