Comment by spyckie2
2 years ago
It's not that the US likes suffering. No, the US likes their 7% ROI.
There's a reason why the average S&P500 is still 7% year over year. Why does Coca Cola have a 3% dividend yield? Why does Google still have a 50% yoy ad revenue growth?
Why does health insurance get priced at 10% annual income, no matter how high your income seems to be? Why does mortgage / rent inevitably go up to 28% of income, no matter how high an income you seem to get?
It's because to make the numbers go up for corporations at the ROI they promised to their stakeholders, they have to make it from somewhere, and that somewhere is the consumers.
As long as we hold sacred the 7% ROI dream, that 7% ROI on assets is going to continue to leech all the excess prosperity and wealth our predecessors have enjoyed. You cannot have an infinite wealth printing machine - news flash - that money comes from society. The house that once costed 200k, and now costs 1.6 million? That 1.4 million went into funding the 7% ROI money printer. The 126k/yr Masters degree? It's also funding the 7% ROI money printer.
That's where all the money is going.
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