Why We’re Underestimating American Collapse: The Strange New Pathologies of the World’s First Rich Failed State (taxes, wage)
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In most countries, it's simply a foundational fact of life, that people move to the big-city, for a better life. In America, that is simply not the case.
I disagree. Why else would people move to the big city? And how did our cities get so big?
I disagree. Why else would people move to the big city? And how did our cities get so big?
The difference is that the people moving to the prosperous high COL cities & inner suburbs in 2018 are the top-10% to top-20%. Educated white collar professionals. There's a net outward migration of middle class people who can't afford to live there. If you don't have the 21st century job skills to command a 6 figure salary, you're unlikely to migrate into a San Francisco or Boston or DC or Seattle. If you're from those places and as far as you got was a glorified certificate of attendance for your remedial high school education at some community college, you bail out because you can't afford the housing. It drives our red state/blue state politics. The have-nots are either wearing red hats or looking for handouts from Bernie.
The failed state risk in the United States is a US dollar collapse caused by running up the national debt. As interest rates go up, the Federal budget is going to choke on the interest payments. It's been masked by our historically low interest rates but juicing the economy with tax cuts is fairly quickly changing that.
I disagree. Why else would people move to the big city? And how did our cities get so big?
The young and well-to-do are doing the opposite of what the boomers did. They are migrating back to the cities and gentrifying them. The poor, minorities, and everyone else are being pushed out to the burbs and beyond.
Why aren't the people behind the opioid epidemic going to jail. The Government had no problem sending Blacks and Latinos to jail for sell crack cocaine.
Imo everyone in this nation should be equally as mad.
Good article but I don't agree this is the end of us.
Why aren't the people behind the opioid epidemic going to jail. The Government had no problem sending Blacks and Latinos to jail for sell crack cocaine.
Imo everyone in this nation should be equally as mad.
Good article but I don't agree this is the end of us.
Who would those behind the opioid epidemic be? Here in Southern Maryland and where I'm from in NW Pennsylvania it seems that not a week goes by without one or another doctor being charged with overwriting prescriptions, multiple, as in dozens of, charges.
Also, those distributing the substances are being charged. In the case of overdose deaths, with murder.
What will likely happen is that populism will be blamed and idiot, complacent, stupid moron, Americans will buy off on the propaganda as our politicians give our country away to the bankers.
That's right. This next collapse will bring up calls for consolidation. There will be calls by your capitalist brethren to create one global bank to handle all the world's finances.
The problem is that Russia and China will never capitulate. Either way, the future for Americans is bleak. Expect a police/debtor state.
Look at the responses to this thread. The people who assume they are rich would rather die than commit to any form of altruism.
There will be no universal basic income. How can people not see this?
And then what? War? Maybe.
Use critical thinking. Think strategically. What would YOU do?
How can population growth NOT be a factor in the collapse of an economy and society? Billions of people competing for resources and jobs,while destorying the environment. We are estimating the population to grow to 10B by 2050 - this was from NPR so hopefully that gives me credidibility. The size now of American with over $300M people is one of the reasons moving towards more of Socialist state (which it appears you support) becomes very difficult. The Nordic countries, which have been held up as successful examples of Socialism, are all smaller countries that traditionally have had low unemployment rates. A growing aging population rate and increased unemployment are already causing this “altruistic” countries to start rolling back benefits.
You seem to think that a basic universal income and Americans being more altruistic is what will save us, and blame Conservatives for not making America a kind place. That is a very simple answer to a mult-dimensional problem. Ironically, Americans donate 7x more than Europeans with (gasp!) religious people (likely Conservative!) donating the most. Many Americans are at a point where they feel that the government has created a welfare state that encourages people not to work and have more children (to secure more votes), while the people that are working are paying higher taxes, have not seen wage increases, job losses,and are paying astronomical increases in healthcare costs. They do not trust the government because they have seen the establishment of an elite political class, where the laws they create (e.g., ACA, recent sexual harassment lawsuits on the taxpayers dime, Clintons making over $200M peddling politics) do not apply to them. With this distrust, they do not want to give even more of their hard earned to the government - it isn’t because they don’t care about other people. If that were the case why would so many Americans give so much to charity?
And I don’t understand why you think a universal basic income is going to save us? If the USD is no longer the global standard, I agree with you our economy will collapse, but who is going to have the $ to pay the taxes to support a universal basic income? Our altruistic European and Asian neighbors?
I should have edited that.
Israel is one of many examples I could have used to demonstrate wasteful spending.
Spending motivated by business and political interests, rather than need.
The Middle East as a whole has been a massive financial and foreign policy failure. https://explorer.usaid.gov/cd/LBN
$400M given to Lebanon according to the above, yet articles being written by the NY times on our expanding rate of poverty.
Why are we as taxpayers footing the bill for Syrian refugees?
JObster, don't you think we should be moving away from oil?
I'd hate to think the future of this country was dependent on oil- how backwards thinking can you get? If it wasn't for Trump and his love of big oil, we'd even be further along this year...
Backwards thinking? Oil is the cheapest and most plentiful fuel. Keep it going. Thank God for Trump. Tha piece of crap president we had for 8 years did his best to kill oil and it ruined our economy and resulted in $4 gallon gas for quite some time in NY. Millions of jobs were lost. Thanks to Trump, we have plenty of oil, making us more independent from those terrorist countries that sell to us. Millions of jobs are back. A full year of GDP growth. Stocks up to historic highs. All good. But, the Trump haters hate that he is killing it and making us great again.
Get over it folks. He won. Fair and square. If he is such an idiot, that sure says quite a bit about his opponent Hillary, who is the only person who could have lost to him. Don't, worry. Just seven more years to go.
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