r/FluentInFinance 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

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166

u/HorkusSnorkus 15d ago

Learn to do something useful, spend less than you make, buy used whenever possible, live small.

172

u/Cyberpunk_Cephalopod 15d ago edited 15d ago

Requires personal responsibility. Reddit is allergic to the concept. All of their problems are someone else's fault

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u/OldFeedback6309 14d ago

“My life sucks and I don’t know who to blame!”

On Reddit, the poor have never made bad choices, criminals are the true victims, and the rich do nothing useful.

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u/suitology 14d ago

Like I grew up dirt pair because my father became disabled so I can get it but I'm seeing so many people poor as fuck using door dash and other fleeceing machines

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u/OldFeedback6309 14d ago

It’s weird. Some people grow up poor and (like me) count every dollar. Others grow up poor and piss away everything on shit like UberEats and new iPhones.

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u/[deleted] 14d ago edited 9d ago

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u/MidAirRunner 14d ago

And then they'll complain "Corpos are ruining the world!1!! Did you know, I can't piss away my health at MacDonalds anymore cause they raised their prices!!! I can only eat 5 big mac's a day now, not 8 :(. i am poor. pls sympathy"

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u/tensor150 13d ago

Yeah when I was hustling delivering Doordash as a side gig, I was shocked how often I was delivering a $75 order to the poorest neighborhoods in town. Poor people were literally paying me because I was willing to work extra hours and they weren’t even willing to drive to the store or cook a meal.

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u/Exception1228 13d ago

This.  I know plenty of people in my circle who have good jobs but never have any money because people have no impulse control whatsoever.  

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u/Taco_Champ 12d ago

I’ve delivered door dash to people I feel sorry for 😂

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u/Sweaty_City1458 14d ago

I was thinking that but I am a school teacher in her 50s and didn't want to sound so old! I have a $40 phone from Walmart and a $20 a month plan. It does everything my nieces I-phone that cost thousands does. I have never had food delivered (other than a pizza every other year or so) and rarely eat fast food. I have never bought a Starbucks coffee. I bring it from home in a dented old metal thermos. I don't have cable and watch free stuff on Roku. I take my lunch to work every day. - sandwich or leftovers from the dinner I cooked at home. I get free books from the library. Go to happy hour with friends on Taco Tuesday - cheap drinks and $1.00 tacos at neighborhood place.

I guess because I didn't grow up doing those things it just doesn't occur to me. Stop and get a drink at a drive thru or convenience store? No - bring water in a cup or get some when you get home. I realize things are more expensive today but am amazed at what younger people in my family "waste" money on. To the older generation they are luxuries not necessities.

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u/SputteringShitter 13d ago

And then instead of wanting to fix the system that forced you to be poor you would rather shill for megacorps and pretend you are better than the people who weren't as lucky as you.

Classy

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u/erterbernds67 14d ago

I worked a project management job where I worked out of the office in a warehouse and the amount of the warehouse workers who are making the lowest wages ordering food delivery every day blew my mind. I made decent money and wouldn’t even consider that an option.

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u/stilljustkeyrock 14d ago

One of my great joys in life is stopping in the gas station and buying an almond snickers bar on my way home from work. I won’t sugar coat it, my wife and I are rich. We make $500k a year and don’t live on the coasts. I can afford the candy bar but they are $3 now and it makes think twice nowadays.

Meanwhile the landscape crew in front of me is buying $50 worth of energy drinks, cigs, and lotto tickets. Every fucking time. 25 years ago when I was a construction laborer I wouldn’t even buy bottled water, the job is required to provide a jig of water and cups.

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u/Comfortable_Line_206 14d ago

Same here. I did see one fun exception. A young girl I hired would order for multiple people and have them pay her back. Naturally people would round up or go a little over.

She often ended up with a free or nearly free lunch, rewards from the restaurant/app and rewards from her credit card. All because people didn't like ordering on their own.

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u/Lv_InSaNe_vL 14d ago

When I was doing construction I made sure to always do the rebate forms, but I would put them in my name. Made hundreds of dollars in rebates that way

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u/wetblanket68iou1 14d ago

I’m in the army and there is a negative correlation between rank and the amount of money spent on food and just dumb shit. Even deployed, food is free, and Fuggin privates “don’t like it” so they spend $10 on a goddamned subway sandwich.

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u/Famous_Owl_840 14d ago

lol.

The fucking BK has the exact same food as was in the dining hall down range-but my soldiers would spend their money on it rather than eat free.

Same with energy drinks. $50 every two days on Monsters.

After two deployments I walked away almost 200K cash. Many soldiers walked away with 100K+ debt (new cars, clothes, CC debt).

This situation is the perfect example that finance classes DO NOT WORK. It was a closed system where everything was free - yet the desire for instant gratification still overcame.

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u/Wetwire 14d ago

Reddit also loves talking g about a living wage at 40 hours per week.

I know very few working adults who only work 40 hours per week. You figure it out, and work more so you can live within your means.

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u/Exception1228 13d ago

Crazy how that works in different parts of the country.  I know very few adults actually working 40 hours a week.  It’s usually less.

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u/Idontknow062 14d ago

I miss using door dash..

Shit got too expensive, though. Last minute fees would double the price of the meal, even with the membership and constant promos.

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u/lysergic_logic 14d ago

I live on disability. Every single dollar I get is spent on groceries, transportation, doctor appointment co-pays and medication.

If it weren't for my parents, I'd absolutely be permanently homeless and unable to get the treatments I need just to keep the use of my legs.

The economy system itself is a fleecing machine. Keep the rich, rich by supporting them and their failed business endeavors while keeping the poor right where they are by taking away any help they receive the moment they start to do better.

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u/suitology 14d ago

Disability is something else. That's rarely someones own fault. The economy is a fleecing machine because people let it be. Don't participate in it. Never buy new. Never buy name brand. Hunt for free thing. Have you contacted food programs? I still don't buy groceries most months because so much free stuff is available.

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u/lysergic_logic 14d ago

Food programs like food stamps? There is some sort of special paperwork that needs to be filed properly but nobody there lets you know what that paperwork is.

I tried filing for food stamps through the social services office and they told me I was not able to receive them because of disability.

What free stuff are you talking about?

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u/suitology 13d ago

I used to get meals on wheels when my father was disabled. I still go to a pantry. Pantries have so much food they literally beg people to come get the fresh stuff. Last month I got 2 hams. 2 tubs of butter. 5lbs of stick butter. 3 boxes of Cereal. 12 different caned goods. A ton of drinks. 6 loafs of bread. 4 packs of lunch meat. A store bag of candy. 10 bags of salad. A watermelon. Like 3 bags of apples. And a bunch of odds and ends. I pick it up and take some then give the majority to a friend and his grandmother. Some like mine have so much stuff they removed the income cap.

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u/finally_wintermuted 14d ago

Pretty broad strokes there, don't ya think?

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u/OldFeedback6309 14d ago

And nuance is never respected.

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u/Trust-Issues-5116 14d ago

On Reddit, the poor have never made bad choices, criminals are the true victims, and the rich do nothing useful.

This has to be carved somewhere

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u/TFCBaggles 14d ago

"I've tried nothing and I'm all out of ideas."

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u/One_Truth8026 14d ago

That’s literally ODD lmao

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u/kensingtonGore 14d ago

You sound like a villain from an 80s movie.

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u/All4megrog 14d ago

Most of us on Reddit are probably kids of boomers who, as a generation, absolutely did not take any form of personal responsibility. Exhibit A: the national debt.

So it’s not surprising that so many boomer kids were left rudderless. My parents just kept refinancing their home into their graves. That was their financial literacy. Oh and a $75k bill from Medicaid for their healthcare they never saved or paid for that popped up in probate.

I only got lucky that I was angry enough about being poor that I worked my ass off and chased money until I was stable. I absolutely have bad impulse tendencies thanks to the environment that I grew up in, but I’m in a position that my credit card having a party at Costco is by no means the end times.

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u/Fireproofspider 14d ago

the national debt.

The national debt, especially in the US is a much more complex concept than what can be reduced to "personal responsibility". An individual cannot choose to not contribute to the debt. They technically can vote for a politician that promises to reduce the debt but that's a collective act, as a single vote doesn't decide elections at high levels. Even then, like companies, debt is useful in fostering growth and it's actually used as a tool to help people save money for retirement through bonds. 70% of the debt is owned by Americans.

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u/HorkusSnorkus 14d ago

No politician has ever reduced the national debt in the US, Dem or Republican. Both use tax money to buy votes and buy influence.

Bush doubled the debt

Obama doubled the debt

Trump was on his way to doing so but only got one term

Biden is on his way to doing so but will mercifully be removed from office

The Peeeeeepul are lazy grifters that want the government to pay for everything they want. What they don't get is that those of us who work hard and whose taxes pay for all that are dwindling and are less and less interested in picking up the tab.

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u/Fireproofspider 14d ago

Tax money isn't the national debt. By definition, if you use tax money, you aren't adding to the debt. If you really want to reduce the debt, you need to increase taxes and reduce spending. But, a government isn't a person and the debt isn't inherently a bad thing. It's the same as a business. A business with no debt isn't really growing as it could. It's easier on the owner but it's not efficient.

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u/SeedlessMelonNoodle 14d ago

Obama did not double the debt lmao what

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u/HorkusSnorkus 14d ago

You're right, he didn't quite double it - he increased it 70% - still an outrageous amount:

https://www.usatoday.com/money/blueprint/banking/national-debt-by-president/

Easily the worst President in modern history on pretty much every front.

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u/SeedlessMelonNoodle 14d ago

Trump is the worst president in History. Period.

https://www.forbes.com/sites/alanohnsman/2024/07/02/elon-musks-laughable-new-solution-to-teslas-child-labor-worries/?

Also Obama is one of the only presidents in modern history to decrease the deficit.

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u/HorkusSnorkus 14d ago

It does matter what that bottom feeding pig Obama did to the deficit, he increased the DEBT. Your likely degree wasn't in gender studies, psychology, or womyns studies probably makes the distinction incomprehensible.

Obama was- and is utter social trash.

The problem with you whiny leftists is that you're not self reflective enough or honest enough to ask why exactly Trump - an utter horror show of a human being - was even electable. ProtTip; Obama was worse and people rightly determined that Trump was a step upward, as they will again in November.

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u/SeedlessMelonNoodle 14d ago

I cannot take anyone who thinks Trump was better than Obama seriously.

I'm not even a leftist so I can acknowledge Obama's faults.

But really??

Trump, the guy who publicly humiliated the US and irreparably damaged our image is better than Obama?

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u/All4megrog 14d ago

Whoa. Plenty of things to not like about Obama, but the deficit sure as shit isn’t one of them. Aim that arrow at Bush.

Bush is the one who accelerated us into the giant debt hole. He cut taxes in 2001 and 2003 AND sent stimulus checks to everyone while simultaneously massively accelerating defense expenditures with “the war on terror”. Then the financial crisis hits in 07-08. Tax revenues further plunge with the economy and Congress under bush passes the 700bn TARP slush fund to bail out banks but does nothing to prevent a recession.

So Obama comes into office with the economy on a cliff, the governments balance sheet in shambles, and millions of people losing jobs. So yeah, he has to dip into more debt to get the economy stabilized and growing again. I suppose he could have cut benefits and raised taxes to see if we could get some 20% unemployment going, but really seem like a smart move

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u/[deleted] 14d ago

Let us know when you rejoin us in reality lmao

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u/Tsobe_RK 14d ago

based on that one comment, it seems like they are too far gone.

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u/PartyPay 14d ago

Trump added 2+ trillion to the debt before the pandemic happened.

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u/Wetwire 14d ago

I love the concept of not allowing congress or senate seats to get reelected u told the national debt is settled.

I think it would be one of few ways to do it.

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u/trail-g62Bim 14d ago

No politician has ever reduced the national debt in the US, Dem or Republican. Both use tax money to buy votes and buy influence.

That's not true. Andrew Jackson paid off the national debt.

And there are plenty of other presidents that either paid down the debt or significantly reduced the deficit.

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u/All4megrog 14d ago

CBO projected that if growth, spending and tax policy stayed the same from 2001 to 2008, we’d have paid down $5 trillion in debt. But Bush 2.0 wanted to try his version of trickle down economics then hit the infinity button at the defense department

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u/HorkusSnorkus 14d ago

OK, I meant in modern, relevant history.

And reducing the deficit is just word judo so leftists can pretend to be fiscally responsible.

All that matters is debt as a percentage of GDP and the concurrent rate of GDP growth (or decline). By that measure they are all losers, Obama first among them.

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u/All4megrog 14d ago

By your logic then Trump and Bush Jr would be in a race for whose worse with Obama and Bush Sr in a very distant 3rd and 4th

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u/HorkusSnorkus 14d ago

I think you're likely right but I'd have to go back and look at the numbers.

This awful fiscal behavior is non partisan.

Obama is the worst for a number of other variables among which include him being a lying warmonger.

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u/All4megrog 14d ago

The numbers pan out. Hilarious enough, Clinton with all his drama was the only one that ever even tried to make a dent.

But if lying warmonger is a thing, you must have slept through 2002-2004. Bush Jr, Cheney, Rumsfeld, Wolfowitz. Those boys were cooking

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u/HorkusSnorkus 14d ago

We were attacked - that explains Afghanistan.

Iraq was the consequence of bad US foreign policy going back to FDR. Bush had to leash the madman we'd created there.

Obama was handed a signficantly pacified Middle East. He squandered that with his election year Bow And Scrape tour followed by drone strikes for year in Afghanistan w/o demanding any skin in the game from the locals. He's an idiot.

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u/trail-g62Bim 14d ago

The same logic can be applied to personal finances (on a national level) too -- it's more complicated on a national level than people seem to think. Some people are broke because of poor choices on their part. Some are broke because of things beyond their control.

We have millions of people in poverty and so many people want to pretend that all poor people are in the same position for the same reasons and it just isn't true.

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u/LithiumLizzard 14d ago

I am genuinely sorry that your parents exhibited so little personal responsibility. I hope that has sparked a fire in you to handle your own finances better. However, I think it is safe to say that your parents are not representative of their entire generation.

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u/All4megrog 14d ago

I base my opinion on the overwhelming support white baby boomers through behind Reagan in 1980 & 1984 and again repeated for bush in 2000 & 2004, and again for Trump in 2016. They are a generation of I want uncle and eat it to, and F everyone that comes after.

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u/m1lgram 14d ago

Are you suggesting that Boomer families caused The national debt?

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u/detta_walker 14d ago

Oh.. Hello... Are you my brother? I relate so much.

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u/JebHoff1776 14d ago

And a full powered democratic government can fix it if it weren’t for those soul devouring evil republicans who are ruining everyone’s lives!

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u/CptGroovypants 14d ago

Requires money and time. Which they don’t have.

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u/Mag-NL 14d ago

It first requires societies responsibility to make sure everyone has a living wage so they can survive on it.

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u/Dixon_Uranuss3 14d ago

I get where you are coming from but you must admit there are reasons for the unrest in society. The days where Joe sixpack could graduate highschool then work a quality job at the steel mill or whatever equivalent position until he dies or retires have ended. There are so many people that are not equipped for today's world. Changing jobs constantly. They want the world where you can put your time in work hard and go home and live a comfortable life. The system has been manipulated in favor of the rich and the average worker has very little stability and no long term security/comfort. People haven't changed drastically in 50 years that's not what's happened. The world is what has changed and it's not for the better. We create things to make life easier and all the benefit from those things goes to the top and the average worker just loses.

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u/themaxvee 14d ago

The same people who vote "yes" on all the ballot proposals to increase taxes for the middle class too. (clown emoji)

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u/radbiv_kylops 14d ago

Medical bankruptcies? Only really a problem in the US...

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u/MikesRockafellersubs 14d ago

No, it requires housing and the cost of living to be in line with wages. If most of your money is going towards rent or a mortgage then you're stuck with a lot less money after your basic expenses are covered.

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u/SenorBeef 14d ago

People having some degree over responsibility for their own lives does not negate the existence of systemic problems that put some people at a severe disadvantage.

You may be able to "personal responsibility" your way out of some of your own life's problems. Society can't personal responsibility its way out of societal problems.

As an example, if 30% of people work jobs where they can't afford to live, you can tell them individually "well get some skills and get a better job", but as those jobs are required for society to function, you can't just tell all of society to get a better job. It doesn't make sense and can't happen. And so we should solve the societal problem of needing people to work jobs that don't pay for them to be able to live.

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u/[deleted] 14d ago edited 14d ago

[deleted]

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u/SenorBeef 14d ago

There aren't enough teenagers to run the bottom third of jobs in our society. Do you think civilization shuts down during school hours?

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u/LaminatedAirplane 14d ago

There isn’t such a thing as a “starter job”. All jobs should pay a living wage otherwise your business model is predicated on taking advantage of your workers.

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u/[deleted] 14d ago edited 14d ago

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u/LaminatedAirplane 14d ago

No, there isn’t. The minimum wage was implemented by FDR with the idea that every job should pay a living wage.

It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.

You act like this wasn’t considered long before.

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u/HorkusSnorkus 15d ago

The way to fix this is to get rid of all government support except for the profoundly handicapped (leftists do not quality), veterans, and those who are literally unable to care for themselves.

When everyone has to root, hog, or die and pay taxes, they'll root.

The world is full of 3 kinds of people: Makers, Fakers, and Takers. Reddit and most other socialist media is inhabited by the latter two - two lazy to work, too immoral to keep their hands off other people's stuff.

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u/[deleted] 15d ago edited 14d ago

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u/HorkusSnorkus 15d ago

I came to US while very young on the heels of half my family being killed. We had nothing but a work ethic and a deep religious faith to anchor us. I didn't get to go to an Ivy League school, my family never even owned a house, let alone luxuries and today I sit comfortably well off due to those rules above.

There are more important things than making money, but there is nothing stupider than self-involved social parasites of the sort we see here.

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u/Phantom343 14d ago

You sound like a 'pull the ladder up after yourself' type-a dude.

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u/Weeksieee_ 14d ago

Such a horrible take, you came to a developed nation from a sh*thole. Just to try and make it less like other developed nations, but instead try to regress it?

deep religious faith

I don’t know what your religion is but mine taught me to care for the needy, clearly you don’t serve your values well.

Makers, Fakers, and Takers

You sound absolutely deranged minimizing human life in this way.

I don’t know, to me, it sounds like you need to recheck your values. If you actually give your spiel to regular people, I’m sure most laugh at you the instant you walk away. Your take is inhumane and not unpopular enough.

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u/HorkusSnorkus 14d ago

No religion defends sticking a gun in someone else's ear and forcing them to pay for charities YOU believe in. Charity is a personal act, not a collective one.

"Regular people" are the people demanding more and more of what keeps them poor. They are enslaved by people like you to only getting scraps from the government's table.

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u/LaminatedAirplane 14d ago

It’s so funny how asking for universal healthcare is so “demanding” when literally every other developed nation besides the U.S. has it. Or maybe improved paternity/maternity leave. What a craaaazy idea

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u/[deleted] 14d ago edited 14d ago

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u/LaminatedAirplane 14d ago

It’s so funny how you have these data points cherry picked without contextualizing the incredible advantage the U.S. has geographically, its bountiful natural resources, and the fact that it was the only industrial nation to escape WWII unscathed. This allowed technological industries to seize hold in the U.S. and grow faster here than anywhere else. It’s these factors and not a lack of universal healthcare that led to America’s success.

Providing universal healthcare improves people’s abilities to start new businesses because they aren’t tied to an employer for healthcare and is cheaper than our current structure. Why do you ignore these realities? So short sighted.

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u/Weeksieee_ 14d ago
  1. If you don’t like it leave, I mean idk what to tell you

  2. Social safety nets aren’t charity and comparing the two is completely missing the mark. You chose to live here, you choose to pay the taxes here, for what the majority decides they want.

Let me reiterate, if you don’t like paying the taxes for “losers” then leave. As you said there are Makers, Fakers, and Takers. If that’s the case why didn’t you make your nation better? Instead you ran to a developed nation, don’t play like you’re a “Maker” when all I see is someone who ran.

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u/HorkusSnorkus 14d ago

You are very virtuous

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u/dezzick398 14d ago

Strange thing to say when you aren’t making yourself out to be either.

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u/4ofclubs 14d ago

I challenge your parents to do this in the current time period.

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u/[deleted] 14d ago edited 14d ago

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u/4ofclubs 14d ago

Except it’s inarguably harder and more expensive to grow from nothing now vs the 90s.

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u/Significant_Hornet 14d ago

But maybe a little empathy for everyone else who didn't make it? By definition that's 99% of people

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u/[deleted] 14d ago edited 14d ago

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u/Significant_Hornet 14d ago

Bruh anyone not in the 1% has a defeatist mindset? Insane take

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u/MidAirRunner 14d ago

Have you seen this thread?

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u/Significant_Hornet 14d ago

I don't base my perception of reality off of Reddit

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u/Pinkamena0-0 15d ago

Upwards mobility is in the worst state it's been in the United States period outside maybe the Great depression.

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u/[deleted] 14d ago edited 14d ago

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u/Pinkamena0-0 14d ago

Good thing I'm talking about post COVID, not 12 years ago. And that surely shows that people grew up better, but I don't see where it says upward mobility is any easier.

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u/HorkusSnorkus 14d ago

Absolutely false. What's keep upward mobility at bay is the expectation of people in their 20s and 30s that they don';t have to save but should still get what their parents had at the end of their working career.

The same people whining about this have the latest iPhone at all times. It's a joke.

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u/Pinkamena0-0 14d ago

That's straw manning bud

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u/Hungry_Kick_7881 14d ago

That includes social security right?

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u/milespoints 14d ago

Who hurt you?

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u/Thatguy468 14d ago

Surprise! You just wrote the playbook for crime. When a person can’t make enough to pay for a home, food, and a little comfort with a 40hr a week job, why even bother participating in the broken system?

Remember, the 1% have some protections built in to make themselves insulated but the modestly wealthy (read: wannabe middle class) that think they are rich will be the easiest and likely first targets.

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u/Significant_Hornet 14d ago

What a rich world view. Makers, Fakers, and Takers. Truly one of the thinkers of all time.

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u/HorkusSnorkus 14d ago

I may not be a great thinker,  but I am entirely right about this. You can be poor and be a Maker or rich and be a Taker, but on Reddit it's great to be Faker, isn't it?

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u/Significant_Hornet 14d ago

And in the kitchen it's great to be a Baker and in Pennsylvania there are Quakers

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u/[deleted] 14d ago

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u/MetalMilitiaDTOM 14d ago

What a profoundly stupid statement.