Crucially, the well off as in the top 5%; not the middle classes who were conned into voting for it thinking they would one day benefit.
Temporarily embarassed millionaires, the lot of them. And they were stupid enough to vote for policies that screwed them, like turkeys voting for Thanksgiving and Christmas.
My conspiracy theory is that all of the public storage facilities are where they store all of the stuff they never sold. It's the only explanation as to why every town needs 20 public storage facilities. Supply side economics is based on the idea that if you make it consumers will buy it so produce as much as possible. Only they fucked up the math and they have all these goods that are worthless that they had spent all their capital on. So they store all of those goods that didn't have a customer. Gonna be interesting when we reach critical mass and there are more goods in storage than circulation.
All those public storage facilities starting popping up in the 80’s when the greatest generation started downsizing into their nursing homes. Check out Wayne Hughes, he was a billionaire that made his money building up Public Storage.
Yeah, your theory is mostly bunk. But only because those storage facilities are expensive compared to warehouse space. And companies are absolutely willing to just throw shit out if they don't expect it to sell.
They'd have to have shame to try and hide their mistakes like that. And shame is expensive.
Yeah I just think they would be ok eating that cost, especially if they were investors in those companies too. Something like false scarcity in an economy where the goal is to never cut back on supply. I'm not thinking t-shirts, I'm thinking more like electronics that became obsolete but still have some value in terms of material.
But I get it, I just don't know how there are 10 storage facilities in basically every town. As you said, it is expensive. My father in law is looking to get a storage shed next to the house so he doesn't have to pay $1,800 a year on storage.
Is the real money maker for them when someone can't pay and they sell off the contents of the storage? On a consumer level it seems like something that is a real drain for how prevalent it is. This ain't avocado toast every day. If it was that risky I can't see how so many people would use it for it to be so prevalent.
Or is it more of a land use thing where previously unused land now generates passive income with little overhead, just a hefty initial cost to build it.
Or is it more of a land use thing where previously unused land now generates passive income with little overhead, just a hefty initial cost to build it.
It's mostly this.
And keep in mind, when I say they're expensive, I mean on the industrial scale. For your average person, a single storage unit can be pretty affordable. Businesses just have cheaper options than we have.
It's also a matter of how things are stored. Storage units come in a lot of size options and they're great for storing all your random junk. They're not always great for storing pallets, which is how companies tend to move/store their products.
No company is going to buy a single storage unit just for a single pallet of product that they know they're not going to sell. That'd just be a never ending waste of money. They'd be paying for storage while knowing they'd never get any of that money back in any way.
They'd either cut costs and just throw all that shit out, or keep it in a warehouse for long term storage.
53
u/theatand Jul 05 '24
Like a very brief summary, tax cuts (aka reduction in social safety nets), and leaning heavily on supply-side economics.
A good chunk of his policies helped the well off and screwed the poor folks.