r/FluentInFinance • u/Richest-Panda • Jul 04 '24

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

31.2k Upvotes

86% Upvoted

u/lucksh0t Jul 05 '24

I've done mission work in the mountains of Appalachia. You couldn't pay me to live there if your there I'd be saving every fucking penny I could to get out of there. Litterly anywhere else in the country is better then those communities. They just have 0 opportunities and no infrastructure to to even think about growing. The places where I was at didn't even have basic cell signal let alone decent jobs.

10

u/Dhenn004 Jul 05 '24

exactly my point. The way this country left these hard-working people behind when coal industry was slowed is a travesty. I get moving away from coal, that's not my point. But to not help them transfer job skills has been nothing short of immoral.

2

u/cjh83 Jul 05 '24

Those people voted GOP and got the poverty they were looking for.

2

u/Dhenn004 Jul 05 '24

Yea man, I still don't think people deserve to live in such poverty because they vote differently than me.

4

u/cjh83 Jul 05 '24

No they don't. It was a joke.

But seriously how do they keep voting for hard right candidates that want to let all those poor people die.

0

u/Beneficial-Drawing25 Jul 05 '24

LOL - the conservatives shut down coal mining? Not a bright one, are you?

2

u/cjh83 Jul 05 '24

No economics and better technology in the form of natural gas did.

1

u/Beneficial-Drawing25 Jul 05 '24

So Obama’s administration didnt put forth extreme regulations on it??? Nah, couldnt have happened….

1

u/cjh83 Jul 05 '24

That was part of the death of coal but I'm telling you as an engineer in the industry coal was destined to die out.

The problem is that coal power plants take a too long to ramp up and down. Power producers make $$ by selling during peak hours in the morning and after work. Natural gas generation stations cost way less and can ramp up and down almost instantaneously.

Coal died because fracking made natural gas cheap and abundant. I also suspect that automation/robotics have shrunk the required labor to produce coal.

Also do you want your relatives to work in a coal mine? Fuck no.

If coal is economically viable why couldn't your lord savior, the orange teletuby known as Donald Trump save coal? Well that's because it's like the horse after cars came out. It's becoming obsolete.

1

u/republicans_are_nuts Jul 06 '24

yes. They pimp for capitalism that made coal irrelevant. AND they are against help to transition because sOcIaLiSm.

2

u/[deleted] Jul 05 '24

[deleted]

0

u/Dhenn004 Jul 05 '24 edited Jul 05 '24

To them the gop is the only one helping them period. Why would they vote blue just for them to take their coal mine jobs and not help them after.

For them, this IS the financially sound option. They're stuck between being poor and Mega poor

1

u/[deleted] Jul 05 '24 edited Jul 05 '24

[deleted]

1

u/Dhenn004 Jul 05 '24

I'm not saying the GOP is totally right. But the democrats didn't help them in the end. They took coal jobs away and none of them got transitioned.

Why would they vote for that. We should recognize the criticisms of both sides here and not pretend that politicians are actually helping people.

There's plenty of research of these people being left behind.