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Transcription
A Twitter post by Fuckin' Princess @8WithaTiara that reads “Everybody talking about how poor people shouldn't be able to buy junk food on food stamps.. Well, I don't think billionaires oughta be able to buy 14-year-olds on private islands.. But here we are.”
Sometimes people will be like, "Poor people should work for their money!" But none of those people seem to be upset that a lowly 10-millionaire can comfortably live on an extremely safe investment portfolio. Like, bringing in mid six figures on bonds and index funds without doing a damn thing.
I work in tech and I was tired of Musk one day and said: "I don't care where you're politics lie, but I'm sick of hearing about him".
Then my coworker said, "aren't you sick of paying taxes?"
I'm said, "I'm a progressive, you're talking to the wrong guy"
He then said, "there are people who don't work at all that get more money from the government than what we earn, why should they get money?"
Urgh, then we had a bit of back and forth. I doubt any of these poor people are getting money that's equivalent to our tech salaries but if anybody's getting that amount of money from the government it'd be the rich. I also went into the fact that I don't have kids and he did. So a lot of my money is funding his kids too, but yeah ...
What kind of insane welfare programs does he imagine exists?
Unemployment in new york, for example, caps out at $440/week for six months. That's $22,880/yr, ignoring that you only get half a year. That's under minimum wage here.
For comparison, entry level software jobs at startup here are easily $100k.
Meanwhile, the wealthy can take loans out against their stock or other collateral to access their wealth without paying taxes.
They have to listen to crazy stuff that goes unchallenged. I've also lived in the UK and if you read the Daily Mail you'll see stories about people driving Ferraris and on welfare.
These bubbles can be really wild.
and they also can get subsidies from govt for alot too. other entry levels are like half that or even less than that in stem fields. okay maybe a HCOL is like 60k for some biotech, but you would already need a pretty robust EXperience to back up with though. and many fields have poor job prospects as well.