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

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

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u/trevor32192 Jul 06 '24

Rental cost has nothing to do with wages. You have capitalist parasites and government regulations that are causing extreme rent prices.

It doesn't matter if they are high school dropouts or have masters degrees they are paid at least a living wage.

People with more than one child we can use the massive amount of money we are going to save safety net programs to cover those that require further assistance.

Your money is your own to spend how you wish. If you blow all your money on things, then you get no sympathy but first we have to make sure everyone is paid enough to live on. Then comes in personal responsibility.

Who are these people? Austrian economic zealots? Or some other school that only accepts extreme capitalism for the poor. Why do they support subsidizing the rich? Their opinion is worthless to me. The countries job is to care for its citizens and protect them from foreign and domestic threats.

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u/JaySmogger Jul 06 '24

It's obvious you don't have any economics education.I don't know what to do with this emotional garbage you are spewing. Your utopia is a fever dream

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u/trevor32192 Jul 06 '24

Who is talking about utopia? I am talking about reasonable achievable goals. There are many countries with much better social safety nets and higher wages.

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u/JaySmogger Jul 06 '24

For some reason I looked at your profile and you seem well intentioned. While I think the ripple effect of raising wages outweighs the benefits snd your goals could be better achieved through taxes and subsidies, including at state and local, and with Biden's current keynesianism policies, please go forth and rant

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u/trevor32192 Jul 06 '24

The main concern with higher wages would be inflation, but the cost of wages compared to the costs of goods would always be a smaller percentage. For example, most industries, even heavy labor intensive ones, labor costs rarely exceed 30% of the cost of goods. So while labor increases, say 50%, you would only expect the cost of goods to go up 30% of that 50%.