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‘They Are Just Pissed Off’: Scott Galloway Warns Young People Are ‘Opting Out of America’ As Older Generations Failed Them (www.mediaite.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 4 months ago (1 children)

And rightly so, for they have been failed. You can't even GO TO SCHOOL without concern that you'll be killed in a mass shooting. This was never a concern for my generation. In 1992, when I graduated, the thought that going to school could be an extinction event for you was not even conceivable. This shouldn't be an ongoing concern for any generation, yet here we are, sending our kids off to school every morning, knowing that there's a slim chance they might not come back.

It's driving me crazy. But when the whole world's gone mad, how can you be sure you're insane?

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago) (1 children)

I graduated in 1997, in a rural town, and I can say that we've knives that caused some injuries and scares and while we did have a kid that brought his dad's handgun to school and threatened people with it, didn't shoot anyone thankfully. This type of shit was around even in the 90's just not around the world and in the 24 hour news like it is now, remember we had Columbine just a few years after we graduated in 1999.

This shit's been bad for a while now.

[–] [email protected] 1 points 4 months ago (1 children)

Yeah, but they've gone from rare occurrences to multiple-times-a-day events now.

[–] [email protected] 1 points 4 months ago

https://ballotpedia.org/United_States_school_shootings_and_firearm_incidents,_1990-present

Don't get me wrong, it's been on a steady increase but cripes man, this crap is a "It was always burning since the world's been turning" kind of a thing. I mean 32 in 1992, that's not insignificant so let's not pretend that all of this sunshine and roses until now.

[–] [email protected] 1 points 4 months ago (2 children)

Another one of those frustrating segments where they come so close to being right but miss the point entirely by the end. The diagnosis of the issues young people face is on point, but the answer to most of the problems mentioned is not civics courses. It's redistribution of wealth and providing access to housing and social mobility to young people.

[–] [email protected] 1 points 4 months ago (1 children)

but the answer to most of the problems mentioned is not civics courses

Civics courses are necessary precursors. A lot of youthful idiots think Biden has a big "cancel student loans" button on his bedside table and just chooses not to push it because lmao fuck those guys, make em pay

You can't pursue solutions if you don't know how.

[–] [email protected] 1 points 4 months ago

Yeah it’s easy to demand things, it’s hard to accept mutual responsibility and contribute. It’s the difference between demanding mutual aid, and actually showing up

[–] [email protected] 0 points 4 months ago (1 children)

There are 38 US companies whose gross yearly revenue is over $100 billion. The collective amount OVER $100 billion is about the same as the US federal budget. No company should make more than $100 billion in revenue - it's a monopolistic action. Tax all corporate revenue over $100 billion. How much is a variable amount based upon federal deficit spending. If the US government overspends $1 trillion then that amount is paid by these too large corporations. That way US politicians are disincentivized to over spend as the largest corporations will lobby strongly to have a balanced budget. If all US companies downsize or split off to reduce revenue to <$100 billion? Awesome, then we have no monopolies and their lobbying powers are therefore greatly diminished.

[–] [email protected] 0 points 4 months ago (1 children)

Revenue is not profit. Costs haven't been taken out yet. This is part of the structural unfairness of personal income tax vs corporate income tax. Companies can write off everything they need to earn money (rent, supplies, wages, utilities) but people can't.

How many companies have $100 million in profit, or more? It's just one: Apple.

https://www.financecharts.com/screener/most-profitable-country-us

They're already under investigation for monopoly practices:

https://www.nytimes.com/2024/03/21/technology/apple-doj-lawsuit-antitrust.html

[–] [email protected] 0 points 4 months ago (1 children)

If they didn't count expansion and buying property and tools with reliable resell values as "costs" I'd agree.

[–] [email protected] -1 points 4 months ago* (last edited 4 months ago)

Businesses can't deduct those asset purchases as costs (they are not "expenses"). They have to depreciate them over a set number of years, according to established accounting practices.

Purchases of long-term business assets, such as factories and equipment, are claimed as depreciation. This involves subtracting a percentage of their cost per tax return over a period of years.

https://www.thebalancemoney.com/expense-or-depreciate-items-on-your-taxes-392950

This is fine and actually correct, because equipment and buildings literally cost money every year to repair or replace parts.

There are enough things to be angry about without making anything up. Please educate yourself about what businesses actually do, so you can advocate correctly. Otherwise you just sound dumb.

[–] [email protected] 1 points 4 months ago (2 children)

We have every right to be pissed off. I followed every rule you're supposed to follow. And I'm still worried about retiring in the future. The system is fucking stupid. At my job, every system I implement or touch can be changed. Change is a part of life. But for some fucking reason, this country can't change shit. We just sit in it as everything gets worse while everyone who is struggling continues to struggle even more. The rich get richer. America blows.

[–] [email protected] 1 points 4 months ago

We just sit in it as everything gets worse

Democrats make things better. Vote more democrats in, more things get more better.

For example, under Biden, the wealth gap between the poorest and the richest is now closing for the first time in almost 100 years. Yes, that's cold comfort to the middle class, but it shouldn't be. It's the start of a trend and we need to see it through.

[–] [email protected] 0 points 4 months ago (1 children)

Inb4 Hurr durr if you don't like it leave

[–] [email protected] 0 points 4 months ago (1 children)

If you don't like it, vote.

[–] [email protected] 0 points 4 months ago (1 children)

I've voted in every local and national election as soon as I turned 18. Protested in George Floyd protests. I'm 30 now. Shit takes way too long.

[–] [email protected] 0 points 4 months ago (1 children)

Protesting is for you to feel good. Unless you're protesting for civil rights and being arrested for breaking an unjust law.

If you want to influence the process, you should volunteer for a candidate's campaign and forget protests. Sorry, but it's the truth.

[–] [email protected] 1 points 4 months ago

While I generally agree with you, protesting has a place. Protesting alone is useless, but protests in concert with working for concrete policy changes is a force multiplier.

[–] [email protected] 1 points 4 months ago (1 children)

I'm not young, but I feel the same way as these young people. I don't care about this country, I don't care about its people, and I don't care about its future. It's like that Bob Dylan song, "I used to care, but things have changed."

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

I care about its people. I always care about people. Just some people need to be rescued from their hate filled delusion. It's sad to see these poor suckers get tricked into being angry about things that have absolutely nothing to do with them. Talking about conservative media and how all it does is lash out against things. I don't even think there is ryhme or reason to it. It is as if they offer up a topic and open the floor to anyone who has some minor complaint.

[–] [email protected] 1 points 4 months ago

fuck that older generation divide to conquer shit.

the ruling class failed us, not our parents generation.

[–] [email protected] 0 points 4 months ago (1 children)

Oh I thought it was because they like Trump, are Russian bots, and tankies. At least if people here are to be believed.

[–] [email protected] 0 points 4 months ago (3 children)

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Each successive generation has a higher income even accounting for inflation

[–] [email protected] 0 points 4 months ago (1 children)

Yeah but it doesn't tell the whole truth, cost of living has been rising steadily as well.

[–] [email protected] 0 points 4 months ago (1 children)

Cost of living is inflation, which this chart takes into account

[–] [email protected] 0 points 4 months ago (1 children)

Repeat same talking point.

The things you say are useless, especially since these are adjusted by household size. Do one that isn't.

[–] [email protected] 0 points 4 months ago (1 children)

Repeat same talking point.

I'm not saying I agree with them, but they are the only ones providing actual data. Everyone else, including you, is just attacking and downvoting them. I would be interested in hearing an actual argument, but to accuse them of just "repeating a talking point" while they provide data and you provide nothing but a talking point is ridiculously hypocritical.

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[–] [email protected] 0 points 4 months ago (1 children)

In 1960, minimum wage was $1.00/hour and the price of the average US home was $11,000.00

How many minimum wage workers are out there right now looking to buy a new home?

[–] [email protected] 0 points 4 months ago (1 children)

They weren't buying then either Home_Ownership_rate

[–] [email protected] 0 points 4 months ago (1 children)

So, you agree, people were able to buy a house on minimum wage in the past and can't do that today?

[–] [email protected] 0 points 4 months ago (1 children)

They were not, look at ownership rate.

[–] [email protected] 0 points 4 months ago (1 children)

You're deliberately ignoring what I actually wrote. Two high school grads working minimum wage jobs in 1960 could have been homeowners in about five years. There are hundreds of reasons why the ownership rate was lower in the past.

[–] [email protected] 0 points 4 months ago (1 children)

Could have been, but did not buy homes. Explain why

Home_Ownership_rate

[–] [email protected] 0 points 4 months ago (1 children)

If you actually had an argument, you'd be able to present a variety of proof, instead of just posting the same graph over and over.

[–] [email protected] 0 points 4 months ago (1 children)

Thought you'd never ask

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[–] [email protected] 0 points 4 months ago (1 children)

None of those charts changes the fact that in 1960 a pair minimum wage workers could have brought a house in about five years.

[–] [email protected] 0 points 4 months ago* (last edited 4 months ago) (1 children)

The woman probably didn't get the job back then because she's married and they expect her to quit once she gets pregnant

I know because that's what happened to my mother

[–] [email protected] 0 points 4 months ago (1 children)

So, she actually had a job and could have kept it? A quick look at any source, including Superman comic books of the era, will show that there were millions of working women in America in the 1960s.

You keep proving me right, over and over again.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

Yes, but she wouldn't get a promotion because they thought it would be a waste. She ended up having me and being a stay at home mom

Women entered the workforce, but they had a much higher wages gap vs. men, it wasn't until the 80s that most women started working

[–] [email protected] 0 points 4 months ago (1 children)

And people can’t afford houses, college, healthcare, etc. because...? Like cool chart, but my generation will literally never be as financially stable as those who came before. I guess it’s fun to pretend we’re better off than we are though.

Imagine paying for college with your income rather than loans.

[–] [email protected] 0 points 4 months ago (1 children)

People can afford more things now than the previous generation

There are things that increased in price faster, like college. But that's offset by other things that didn't increase as fast, like fuel. There are other things that got cheaper, like computers and phones. You're cherry picking the things that got more expensive, but those are not 100% of a person's expenses

[–] [email protected] 0 points 4 months ago (1 children)

It's fun that tvs and computers got cheaper, but housing and food are through the roof.

It's cool that I can buy a laptop for 500$ dollars, but it's a one time purchase that we can live without.

[–] [email protected] 0 points 4 months ago (1 children)

Food is not through the roof

https://tradingeconomics.com/united-states/food-inflation

2.2% vs. the previous year

[–] [email protected] 0 points 4 months ago (1 children)

Yeah and look 2 years back on your same graph and see the big 11% in one month.

And let's not forget that this is multiplicative. So these months/years with high inflation are still felt today even if the inflation is relatively normal.

But you are disingenuous in your arguments, while accusing others of doing that same thing.

So kindly fuck off

[–] [email protected] 0 points 4 months ago (1 children)

That's in line with the inflation numbers. Food costs did not outpace inflation in any significant way

[–] [email protected] 0 points 4 months ago (1 children)

If the food cost follows the inflation and the inflation is 20%, will you say that food prices are ok because they follow inflation?

It would be fine if the wage followed the same inflation as food and housing, but the reality is that wage lag and stagnate behind inflation.

So yeah, if your groceries cost you 20% and you haven't received an equivalent wage increase, then your groceries cost significantly more in absolute term because you still have the same money as before, but your food cost more for the same grocery basket you bought before inflation.

But again, you are disingenuous, so probably just a troll. I won't respond anymore.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

I would say you can't use food as an argument for why 20% inflation is a wrong number

Remember, the inflation-adjusted earnings also have to go up 20% just to stay the same. You don't have the same money as before, your paycheck must increase by 20% for your real earnings to stay the same.

If the graph says real earnings are up 1%, your paycheck went up 21%

If your paycheck didn't increase, then you can just say that it didn't track the inflation numbers, food prices or whatever doesn't matter since it's the real earnings that are too low

[–] [email protected] 0 points 4 months ago (1 children)

If my fiance could work outside the US, we would have left a few years ago.

[–] [email protected] 0 points 4 months ago (1 children)

Why can't they?

[–] [email protected] 1 points 4 months ago

Professional certifications don't transfer outside specific countries, and her profession is also very language-oriented so she would have to be absolutely fluent in the language of whatever country we went to. That basically leaves England, New Zealand, or Australia as the only options, and only if she decided to spend months and months doing nothing but studying to pass the boards.

Once we are getting closer to retirement, though, then we will start looking.

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