Millennials are Done For

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Pharm.C. said:
We subsidize overpopulation with tax incentives (have kids, pay less taxes and more free healthcare!)
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Stopped reading after this. You know the child tax credit is only $2,000 right? That's like a month's worth of daycare if you're lucky. No one is having kids with the intention of getting richer. Our health insurance more than doubled after having our son cause the employer subsidizes the employee's premium, but no dependent's. So I have no idea where this free healthcare comes from?
 
Pharm.C. said:
Parents who don't work don't need to pay for daycare, or healthcare. By healthcare I meant Medicaid. When you have more kids you get more kids on Medicaid for free on the taxpayer dollar. I'm all for single payer healthcare starting with those who need it most. Just pointing out that this is another way we're still subsidizing overpopulation.

People don't have to consciously plan their kids around tax incentives for it to have an effect. If you have one kid and can still pay the bills you'll have another. $2,000 per child is not nothing. If you make $35k after taxes and have three kids, $6k in deductions is equivalent to two months of after-tax salary per year for free just for having kids. It has an effect, you're just trying to downplay the size of the effect. Why do we have it at all? If you can't afford to have kids, if the world can't support that number of people then sorry but we can't be having those kids.



It's possible. Neither one of us can predict the future. Regardless, things will continue to get exponentially more competitive in the future, not less.
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Why have any tax credits at all then?
 
This is OP.

265514
 
Pharm.C. said:
Because subsidizing things that add value to society and taxing things that take away value is still a good idea. Having more children doesn't add value to society. Powering your home with solar power, going to college or donating to charity does. Those are good tax credits.
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If you can't afford college then why should I have to subsidize it? How does subsidizing all those psychology and art history degrees help society?
 
mentos said:
If you can't afford college then why should I have to subsidize it? How does subsidizing all those psychology and art history degrees help society?
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Educated people benefit society as a whole. It’s a good investment. You benefit from that. European countries know this, which is why education is free. Educated people create things that advance society like cell phones, the internet, etc. An educated public is a detriment to society (i.e. they’ll vote for people like Trump, indirectly causing harm to society as a whole).
 
Mambo#5 said:
Educated people benefit society as a whole. It’s a good investment. You benefit from that. European countries know this, which is why education is free. Educated people create things that advance society like cell phones, the internet, etc. An uneducated public is a detriment to society (i.e. they’ll vote for people like Trump, indirectly causing harm to society as a whole).
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Pharm.C. said:
I don't know about every country, but in the UK and France education isn't free. It's just heavily subsidized and cheaper. Theoretically, it's like paying a copay. We want you to take the medication/go to college, but we want you to have a little skin in the game so that you don't just get it because you can for no good reason.
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True. But compared to what we pay, it’s a drop in the bucket.
 
Mambo#5 said:
Educated people benefit society as a whole. It’s a good investment. You benefit from that. European countries know this, which is why education is free. Educated people create things that advance society like cell phones, the internet, etc. An educated public is a detriment to society (i.e. they’ll vote for people like Trump, indirectly causing harm to society as a whole).
Click to expand...

There is a mismatch between the fields of education which students are entering vs the fields which are in demand. There is little or no demand for underwater basket weaving majors eventually followed by law and now pharmacy, yet students continue to spend six figures on these majors. These overeducated graduates now have to pay off such debt by working jobs for which they are way overqualified and underpaid.

Overeducation leading to underemployment does not benefit society. A lot of resources are wasted on educating students on skills which society has no use. In the U.S., students are responsible for footing the bill for their overeducation via their massive student loan burdens they will have to pay over their lifetimes.
 
The world is full of mindless breeders and yes that **** is subsidized in developed nations due to bleeding-heart policies that promote moral hazard. Everyone is all about "**** you I got mine" or "**** you I'm getting mine" (just look at some of the responses to OP).

This world is ****ing insane and collectively we all deserve what's coming
 
Sine Cura said:
The world is full of mindless breeders and yes that **** is subsidized in developed nations due to bleeding-heart policies that promote moral hazard. Everyone is all about "**** you I got mine" or "**** you I'm getting mine" (just look at some of the responses to OP).

This world is ****ing insane and collectively we all deserve what's coming
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It's pretty much been like that since the beginning of human civilization. We suck. Mostly, anyway.
 
Pharm.C. said:
Uh yeah there are things we can do about it. Access to contraceptives and family planning for one? Are you a pharmacist? The world doesn't care what you want. Too many people + too little resources = bad day. That's an objective ecological fact. Would the world be better off with more people than it can support or fewer which would leave more resources for each person? The problem with your last statement is that you apparently don't care about anyone else, only what you want. In game theory, we would say that you're rational, but not superrational. You can only see what's best for you. If you were to care what was best for others then the size of the pie would increase for everybody. But you don't so the pie shrinks, but hey you get a bigger piece (hopefully). Hopefully, in the future, you don't get the short end of the stick and someone else doesn't take everything away from you. Again, are you a pharmacist? That's kind of happening to your profession right now (even if you're not an RPh because it's happening to everyone) because your way of thinking is how most people think. Rational, not superrational.
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You sound crazy.
 
Pharm.C. said:
Uh yeah there are things we can do about it. Access to contraceptives and family planning for one? Are you a pharmacist? The world doesn't care what you want. Too many people + too little resources = bad day. That's an objective ecological fact. Would the world be better off with more people than it can support or fewer which would leave more resources for each person? The problem with your last statement is that you apparently don't care about anyone else, only what you want. In game theory, we would say that you're rational, but not superrational. You can only see what's best for you. If you were to care what was best for others then the size of the pie would increase for everybody. But you don't so the pie shrinks, but hey you get a bigger piece (hopefully). Hopefully, in the future, you don't get the short end of the stick and someone else doesn't take everything away from you. Again, are you a pharmacist? That's kind of happening to your profession right now (even if you're not an RPh because it's happening to everyone) because your way of thinking is how most people think. Rational, not superrational.
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There is not "not enough resources" the political system is rigged to make that so because of the hoarding of resources. How much money is tied up in the stock market by institutions. There should be incentives to allow money to flow. Too much regulations prevent people from hiring people.
 
Pharm.C. said:
You and WVUPharm2007 are much more knowledgeable than the average person. I guarantee the vast majority of people graduating from high school today have no idea and will continue to slave away for minimum wage and spend their entire paycheck on iPhones and Ford F-150's until they're homeless and it's too late to prepare.
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Apple and ford will disagree with you and say spending money on iphones and F-150s are good for everyone
 
Pharm.C. said:
Because subsidizing things that add value to society and taxing things that take away value is still a good idea. Having more children doesn't add value to society. Powering your home with solar power, going to college or donating to charity does. Those are good tax credits.
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I agree with tax credits for the stuff you mention but not only is the child tax credit necessary, I would argue that it isn't enough. The US has a low birthrate and having a child is a huge expense. Anything that will help parents offset that is needed. We are going into a situation where there will be 4 workers supporting one retiree and that is either going to raise taxes or explode the deficit.
 
Pharm.C. said:
Just wanted to write a quick post about how those graduating recently (millennials) are facing a difficult future so we can prepare accordingly. I'm not the only one with this opinion. You can read more about it here: LMGTFY

Essentially something is happening which has never been possible before. It's called generational warfare. Never before has globalization, overpopulation and technology allowed a generation to borrow and steal from the next generation like what we're experiencing now. The future is going to be rough (not doomsday, but rough) so I would recommend you plan accordingly. The issues are as follows:
  • Jobs are being automated. It's not just pharmacy. It's finance (ETF's, tax software, computers), lawyers (algos, computers), surgeons (robots) and everyone else. Those that make and maintain the robots will have the last jobs, but eventually even their job will be automated.
  • Wealth inequality. Equities and real estate have allowed all wealth generation to go to people who don't need it. The rich will get richer (previous generations who have already have a nice 40-year career) and the poor will get poorer (millennials and subsequent generations). Buying a house is rapidly becoming a futile effort for millennials who can't afford it based on what they've been given and because of skyrocketing prices fueled by overpopulation. Only those that own the robots will do well in the future. It will be a slow path to get there fraught with layoffs, dwindling salaries, and stressful working conditions.
  • Overpopulation. The planet is finite. We subsidize overpopulation with tax incentives (have kids, pay less taxes and more free healthcare!) and overutilize our resources. The world will get increasingly competitive. If you have studied ecology, you know that populations which grow exponentially typically overshoot their capacity and then crash catastrophically. If you look at a chart of human population growth since the industrial revolution, we've been growing at a rate that rivals bacteria. We'll overexpand, run out of resources, and then bad things will happen if we stay on this course. Starvation? War? Probably. Who knows. We could engineer a soft landing, you know, if you believe we're smarter than every other living thing that has existed on this planet to date.
  • Climate change. This is bad. We're causing it. It's going to get worse. I could write a book, but won't. We're actually doing something about it now, but it's probably not enough. We'll see how it pans out. I personally enjoy having polar bears, coral reefs, coastal cities, arable land and oxygen (for when all the trees and plankton are gone).
  • Healthcare. Incredibly bloated and ineffective. Have a stomach ache? Let's do a colonoscopy and MRI for $5k. Don't want to die? We'll get you into the ER and charge you $50 for a Tylenol. PBM's will save the world from expensive healthcare and then pocket the "savings" themselves. Why is healthcare for profit again? Why is our economy built on the "try to rip off everyone else as much as possible principle" actually? Why don't we try to increase the size of pie for everyone rather than try to take as much for ourselves?
  • Social security is on track to run out before I retire. We're paying for people to retire with no plan on how I'm going to get my money back when I retire. Yet again, we're paying for the previous generation.
  • Debt. We're 20-something trillion dollars in debt paying for a bloated healthcare system, bloated military and social security. Like paying 50% taxes without any of the benefits that other countries get from such high tax rates? It's coming.
  • Corporations. They own everything now. They've completely taken over pharmacy, are pretty much there with medicine and now it's coming to dentistry. Same thing with pretty much everything else. Good luck owning a small business when you're competing against a soulless hope crushing machine. They'll work you to death to payoff shareholders (again, you guessed it, previous generations) especially once they've monopolized everything in an industry. Millennials are being forced to work part-time across the board so that they don't have to be given benefits anymore. Maybe lack of affordable healthcare will solve our population problem. Take Uber for example. They've found out a way to legally pay people less than minimum wage. They'll pay you just above minimum wage and because no one is financially literate the drivers won't figure depreciation on their car from all those miles into their wages (gas maybe, but not depreciation). They literally get paid less than minimum wage. It's a thing. Google it.
  • The government. It no longer works. Corporations own it now anyway even if it did. Open up an economics textbook and you'll learn that trade wars never work and never did. China makes all our stuff because they're good at it and they have an incredible infrastructure to match. In return, we get access to their really cheap goods. It's a win-win. So why do we have an orange, balding toddler in the white house pushing trade tariffs like it's 1652. Have fun with massive price increases on everything and watch as the best most valuable industries crumble under illogical over taxation.
  • Overpriced education. It used to be you could go to college for a couple of years and be guaranteed a decent 40-year career. Now you go to college for 4+ years, come out with 50k+ in debt and hope your job even exists in a decade. You hope private, for-profit institutions don't flood your career with millennials desperate to get a well-paying job when they graduate. The price of education is increasing faster than inflation due to the government allowing unlimited loans to our youth. Again, we are giving our money to the previous generation (higher education administrators). Higher education also has no incentive to train students for their careers. Why does everyone spend so much time learning nonsense? Why did I take 4 years of "general science classes" and only two of actual pharmacy (one of which was me paying to work for free)? Because it costs more to go to school for 6 years instead of 2. That's why.
  • Education in general. We continue to defund public education. We teach kids in school to memorize the unit circle and take derivatives, but fail to teach them to choose a career (or learn how the world is changing), budget, the value of compound interest, emotional intelligence, how to have positive relationships, be parents, etc. Teachers in Sweden are required to have a masters degree. They don't just get a bachelors in physics and then teach high school physics. They actually learn how to raise intelligent adults. Apparently, we don't value investing in the next generation (surprise).
Overall, I'm aware I'm pessimistic. We will probably find a way to solve some of these problems, but I do not believe we're inheriting what we could be. Greece learned the hard way several years ago what happens when you borrow against the next generation. Let's not drag everyone down the same path.
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good write up. would read again. I disagree with the education bit though. I was born in a low income area but with access to wikipedia, library and the internet I was able to learn a enough information to fix my friend's engine. I would be at the library everyday learning for hours until they closed. Education should not be the part of the government. People should just get educated on their own, book are expensive but well worth the price bc they have so much knowledge. The only reason to get a degree is if the government puts regulation in place, such as, you must have this degree/certificate to do X. There are only around 1,500 drugs in existence. I think a person can easily learn about 20 drugs a day, so in 75 days of 12 hour study you could master all the drugs. But of course the NAPLEX only tests on about 25% of these drugs if that. Yes still thousands of people fail the minimum company exam every year. Why do you think people fail this? is it because lack of education opportunities and bad teachers or is it because of bad students?

there is no such thing as bad teachers. only bad students.
 
stoichiometrist said:
There is a mismatch between the fields of education which students are entering vs the fields which are in demand. There is little or no demand for underwater basket weaving majors eventually followed by law and now pharmacy, yet students continue to spend six figures on these majors. These overeducated graduates now have to pay off such debt by working jobs for which they are way overqualified and underpaid.

Overeducation leading to underemployment does not benefit society. A lot of resources are wasted on educating students on skills which society has no use. In the U.S., students are responsible for footing the bill for their overeducation via their massive student loan burdens they will have to pay over their lifetimes.
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I agree that a lot of resources are wasted. But we are a capitalist society and people would cry socialism if we limited spots for different professions. In America you can be whatever you want to be, at least that used to be the case. I would also argue that someone overeducated benefits society more than someone with no education. Moreover, education especially educated women solves the problem of overpopulation.
 
Pharm.C. said:
Just wanted to write a quick post about how those graduating recently (millennials) are facing a difficult future so we can prepare accordingly. I'm not the only one with this opinion. You can read more about it here: LMGTFY

Essentially something is happening which has never been possible before. It's called generational warfare. Never before has globalization, overpopulation and technology allowed a generation to borrow and steal from the next generation like what we're experiencing now. The future is going to be rough (not doomsday, but rough) so I would recommend you plan accordingly. The issues are as follows:
  • Jobs are being automated. It's not just pharmacy. It's finance (ETF's, tax software, computers), lawyers (algos, computers), surgeons (robots) and everyone else. Those that make and maintain the robots will have the last jobs, but eventually even their job will be automated.
  • Wealth inequality. Equities and real estate have allowed all wealth generation to go to people who don't need it. The rich will get richer (previous generations who have already have a nice 40-year career) and the poor will get poorer (millennials and subsequent generations). Buying a house is rapidly becoming a futile effort for millennials who can't afford it based on what they've been given and because of skyrocketing prices fueled by overpopulation. Only those that own the robots will do well in the future. It will be a slow path to get there fraught with layoffs, dwindling salaries, and stressful working conditions.
  • Overpopulation. The planet is finite. We subsidize overpopulation with tax incentives (have kids, pay less taxes and more free healthcare!) and overutilize our resources. The world will get increasingly competitive. If you have studied ecology, you know that populations which grow exponentially typically overshoot their capacity and then crash catastrophically. If you look at a chart of human population growth since the industrial revolution, we've been growing at a rate that rivals bacteria. We'll overexpand, run out of resources, and then bad things will happen if we stay on this course. Starvation? War? Probably. Who knows. We could engineer a soft landing, you know, if you believe we're smarter than every other living thing that has existed on this planet to date.
  • Climate change. This is bad. We're causing it. It's going to get worse. I could write a book, but won't. We're actually doing something about it now, but it's probably not enough. We'll see how it pans out. I personally enjoy having polar bears, coral reefs, coastal cities, arable land and oxygen (for when all the trees and plankton are gone).
  • Healthcare. Incredibly bloated and ineffective. Have a stomach ache? Let's do a colonoscopy and MRI for $5k. Don't want to die? We'll get you into the ER and charge you $50 for a Tylenol. PBM's will save the world from expensive healthcare and then pocket the "savings" themselves. Why is healthcare for profit again? Why is our economy built on the "try to rip off everyone else as much as possible principle" actually? Why don't we try to increase the size of pie for everyone rather than try to take as much for ourselves?
  • Social security is on track to run out before I retire. We're paying for people to retire with no plan on how I'm going to get my money back when I retire. Yet again, we're paying for the previous generation.
  • Debt. We're 20-something trillion dollars in debt paying for a bloated healthcare system, bloated military and social security. Like paying 50% taxes without any of the benefits that other countries get from such high tax rates? It's coming.
  • Corporations. They own everything now. They've completely taken over pharmacy, are pretty much there with medicine and now it's coming to dentistry. Same thing with pretty much everything else. Good luck owning a small business when you're competing against a soulless hope crushing machine. They'll work you to death to payoff shareholders (again, you guessed it, previous generations) especially once they've monopolized everything in an industry. Millennials are being forced to work part-time across the board so that they don't have to be given benefits anymore. Maybe lack of affordable healthcare will solve our population problem. Take Uber for example. They've found out a way to legally pay people less than minimum wage. They'll pay you just above minimum wage and because no one is financially literate the drivers won't figure depreciation on their car from all those miles into their wages (gas maybe, but not depreciation). They literally get paid less than minimum wage. It's a thing. Google it.
  • The government. It no longer works. Corporations own it now anyway even if it did. Open up an economics textbook and you'll learn that trade wars never work and never did. China makes all our stuff because they're good at it and they have an incredible infrastructure to match. In return, we get access to their really cheap goods. It's a win-win. So why do we have an orange, balding toddler in the white house pushing trade tariffs like it's 1652. Have fun with massive price increases on everything and watch as the best most valuable industries crumble under illogical over taxation.
  • Overpriced education. It used to be you could go to college for a couple of years and be guaranteed a decent 40-year career. Now you go to college for 4+ years, come out with 50k+ in debt and hope your job even exists in a decade. You hope private, for-profit institutions don't flood your career with millennials desperate to get a well-paying job when they graduate. The price of education is increasing faster than inflation due to the government allowing unlimited loans to our youth. Again, we are giving our money to the previous generation (higher education administrators). Higher education also has no incentive to train students for their careers. Why does everyone spend so much time learning nonsense? Why did I take 4 years of "general science classes" and only two of actual pharmacy (one of which was me paying to work for free)? Because it costs more to go to school for 6 years instead of 2. That's why.
  • Education in general. We continue to defund public education. We teach kids in school to memorize the unit circle and take derivatives, but fail to teach them to choose a career (or learn how the world is changing), budget, the value of compound interest, emotional intelligence, how to have positive relationships, be parents, etc. Teachers in Sweden are required to have a masters degree. They don't just get a bachelors in physics and then teach high school physics. They actually learn how to raise intelligent adults. Apparently, we don't value investing in the next generation (surprise).
Overall, I'm aware I'm pessimistic. We will probably find a way to solve some of these problems, but I do not believe we're inheriting what we could be. Greece learned the hard way several years ago what happens when you borrow against the next generation. Let's not drag everyone down the same path.
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“Millennials are killing the birth rate!”
-True. We can’t afford to have children and are starting families later.

“Millennials are killing retail stores!”
-True. We can’t afford to buy anything. Instead, we’ve created apps to buy & sell our clothes and goods second hand.

“Millennials are killing the real estate industry!”
-True. We watched our parents lose their homes, and likewise all the equity they built up, during the Great Recession. Good luck to those close to retirement who plan on selling their large family homes.
 
No,

Mostly like crazy in the sense that you should tone it down. Or even further, like crazy -- like you'll end up on an FBI/CIA list as you have bizarre ideas about the world, and you also seem fairly pushy, so the authorities should keep an eye out on you. It's a bit much.
 
I’ve always found graphs like this sobering. See the teeny blip in the 1300-1400’s? That’s when around half of Europe died in the Black Plague. It still looks like worldwide population was almost level during that event, which is crazy.

4A5A3068-04CF-4E0E-A6FD-D188E8D7CB55.png
 
The reason why this thread was brought up was because this was all done by design generations ago. The corrupt elite are already reaping what they sow. The point is to find ways to rob wealth away from the hard working to the point that people have nowhere else to go but to depend on government for everything. It's the surest way to keep the elite few in power forever and to make everyone else equally poor.
Hate to break it to you but Andrew Yang supports universal basic income and Medicare for all which will clearly bankrupt our country. The U.S. is already $20+ trillion in debt. Where do you think they're going to come up with the money to hand out freebies to everyone if our country is $20+ trillion in the gutter.
Politicians are only looking out for themselves. They'll say and do anything to get your vote so they can be in power at your expense. They'll even promise unicorns.
 
sunshine802 said:
“Millennials are killing the birth rate!”
-True. We can’t afford to have children and are starting families later.

“Millennials are killing retail stores!”
-True. We can’t afford to buy anything. Instead, we’ve created apps to buy & sell our clothes and goods second hand.

“Millennials are killing the real estate industry!”
-True. We watched our parents lose their homes, and likewise all the equity they built up, during the Great Recession. Good luck to those close to retirement who plan on selling their large family homes.
Click to expand...

The baby boomers are gonna be super upset when I don't want to buy their mcmansion or 3 year old Lexus. #optout
 
sunshine802 said:
“Millennials are killing the birth rate!”
-True. We can’t afford to have children and are starting families later.

“Millennials are killing retail stores!”
-True. We can’t afford to buy anything. Instead, we’ve created apps to buy & sell our clothes and goods second hand.

“Millennials are killing the real estate industry!”
-True. We watched our parents lose their homes, and likewise all the equity they built up, during the Great Recession. Good luck to those close to retirement who plan on selling their large family homes.
Click to expand...

I love seeing how millennials are simultaneously irresponsible by letting inefficient businesses die by not spending, and for saving too much money instead of spending when they DO have money.

Can’t win.


We are literally the generation that followed the direct instructions of baby boomers “go to college, wait to get married and have kids, don’t have too many kids, buy a house only when you can afford it, do what you love”)
 
AM77 said:
The reason why this thread was brought up was because this was all done by design generations ago. The corrupt elite are already reaping what they sow. The point is to find ways to rob wealth away from the hard working to the point that people have nowhere else to go but to depend on government for everything. It's the surest way to keep the elite few in power forever and to make everyone else equally poor.
Hate to break it to you but Andrew Yang supports universal basic income and Medicare for all which will clearly bankrupt our country. The U.S. is already $20+ trillion in debt. Where do you think they're going to come up with the money to hand out freebies to everyone if our country is $20+ trillion in the gutter.
Politicians are only looking out for themselves. They'll say and do anything to get your vote so they can be in power at your expense. They'll even promise unicorns.
Click to expand...

We already have healthcare for all. Just go to the emergency room and you will get free healthcare.

The problem with healthcare is not a funding issue. It is an efficiency issue.

We will pay for UBI via VAT. Businesses might try to pass on some of the VAT to their consumers but they will have to eat some of it too.

Let’s face it. Automation/AI is already here. We need to be ready.
 
confettiflyer said:
I love seeing how millennials are simultaneously irresponsible by letting inefficient businesses die by not spending, and for saving too much money instead of spending when they DO have money.

Can’t win.


We are literally the generation that followed the direct instructions of baby boomers “go to college, wait to get married and have kids, don’t have too many kids, buy a house only when you can afford it, do what you love”)
Click to expand...

The problem is we don’t really have an alternative to college....not like Germany where 50% go to trade school. Too many useless majors but hey, college is a civil right...right? If colleges only offer engineer and hard sciences, how many would actually go?

But yes, 20th century rules won’t work in the 21st century. There will be a lot of losers because many will not be able to adopt to the changes but this also mean, there will be some major winners. Survival of the fittest!
 
If I have to pick one thing that is killing millennials big time...I would say housing. If you can’t even afford the rent, what is the point of getting married and having kids?

People keep on thinking the government will somehow fix this problem. The government can’t even fix the DMV! Work on yourself. Move if you have to. There are too many damn people!
 
Yup. That's what my dad told me to do.

ETA: fortunately my Dad was smart with his money and I'm an only child...... #iswearimnotevil

confettiflyer said:
I love seeing how millennials are simultaneously irresponsible by letting inefficient businesses die by not spending, and for saving too much money instead of spending when they DO have money.

Can’t win.


We are literally the generation that followed the direct instructions of baby boomers “go to college, wait to get married and have kids, don’t have too many kids, buy a house only when you can afford it, do what you love”)
Click to expand...
 
BMBiology said:
If I have to pick one thing that is killing millennials big time...I would say housing. If you can’t even afford the rent, what is the point of getting married and having kids?

People keep on thinking the government will somehow fix this problem. The government can’t even fix the DMV! Work on yourself. Move if you have to. There are too many damn people!
Click to expand...

It’s all the old fart NIMBYs not letting the free market work.... build them houses!
 
confettiflyer said:
It’s all the old fart NIMBYs not letting the free market work.... build them houses!
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You are not blocking my sun with your ugly apartment complex!

I don’t know if building more houses would really put a big dent on the housing shortage in California. Land here is expensive. Construction cost is also high. So, rent is not going to be affordable for most millennials.

I get that some people would move into these new constructions and that would free up more housing. But, these new constructions would attract wealthy people from other cities, other states. In addition, there will be more incentive to tear down older, cheaper units and therefore, displacing more people.

What would you think would solve the housing shortage in California?
 
That's why I tell millennials not to be against the 2nd amendment. That's how we seize the wealth of the 1% and seize the companies. With firepower.

“Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary”- Karl Marx
 
BMBiology said:
You are not blocking my sun with your ugly apartment complex!

I don’t know if building more houses would really put a big dent on the housing shortage in California. Land here is expensive. Construction cost is also high. So, rent is not going to be affordable for most millennials.

I get that some people would move into these new constructions and that would free up more housing. But, these new constructions would attract wealthy people from other cities, other states. In addition, there will be more incentive to tear down older, cheaper units and therefore, displacing more people.

What would you think would solve the housing shortage in California?
Click to expand...
dude the housing shortage is a constructed false event. Many of the houses being bought are bought by Chinese and New Yorkers or other people living outside SF as a investment in the pump and dump scheme. California is losing lots of people and jobs to Texas and Florida. SF is a small town of less than 1,000,000 people. The problem could easily be fixed by large capacity communism style concrete buildings for cheap but the real estate game is a giant scam that everyone land owner is in on. They create zoning and false environmental laws to keep construction prohiptitively expensive and increase their propriety value. SF is kinda a dump. ALwasy cold. Can't even swim in the ocean w/o a wet suit. Aggressive homeless from lack of policing. High crime, ect.
 
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In Europe and even in third world countries, college education (and healthcare) is free. Granted, their systems are not perfect, but their professionals can be as competitive or even better than US professionals. So, why can't education (and healthcare) be free or at least more accessible to all in the most powerful country of the world (US) ?
 
All I have to offer in this discussion is to disclose my apathy in the world's affairs. The world may crash and burn, or we might figure a way out. Maybe.

Either way, life goes on regardless.

If I get married and settle down, I'd tell the next generation to make smart decisions and not listen to noisemakers. Anything can happen anytime, anywhere.
 
Pharm.C. said:
Just wanted to write a quick post about how those graduating recently (millennials) are facing a difficult future so we can prepare accordingly. I'm not the only one with this opinion. You can read more about it here: LMGTFY

Essentially something is happening which has never been possible before. It's called generational warfare. Never before has globalization, overpopulation and technology allowed a generation to borrow and steal from the next generation like what we're experiencing now. The future is going to be rough (not doomsday, but rough) so I would recommend you plan accordingly. The issues are as follows:
  • Jobs are being automated. It's not just pharmacy. It's finance (ETF's, tax software, computers), lawyers (algos, computers), surgeons (robots) and everyone else. Those that make and maintain the robots will have the last jobs, but eventually even their job will be automated.
  • Wealth inequality. Equities and real estate have allowed all wealth generation to go to people who don't need it. The rich will get richer (previous generations who have already have a nice 40-year career) and the poor will get poorer (millennials and subsequent generations). Buying a house is rapidly becoming a futile effort for millennials who can't afford it based on what they've been given and because of skyrocketing prices fueled by overpopulation. Only those that own the robots will do well in the future. It will be a slow path to get there fraught with layoffs, dwindling salaries, and stressful working conditions.
  • Overpopulation. The planet is finite. We subsidize overpopulation with tax incentives (have kids, pay less taxes and more free healthcare!) and overutilize our resources. The world will get increasingly competitive. If you have studied ecology, you know that populations which grow exponentially typically overshoot their capacity and then crash catastrophically. If you look at a chart of human population growth since the industrial revolution, we've been growing at a rate that rivals bacteria. We'll overexpand, run out of resources, and then bad things will happen if we stay on this course. Starvation? War? Probably. Who knows. We could engineer a soft landing, you know, if you believe we're smarter than every other living thing that has existed on this planet to date.
  • Climate change. This is bad. We're causing it. It's going to get worse. I could write a book, but won't. We're actually doing something about it now, but it's probably not enough. We'll see how it pans out. I personally enjoy having polar bears, coral reefs, coastal cities, arable land and oxygen (for when all the trees and plankton are gone).
  • Healthcare. Incredibly bloated and ineffective. Have a stomach ache? Let's do a colonoscopy and MRI for $5k. Don't want to die? We'll get you into the ER and charge you $50 for a Tylenol. PBM's will save the world from expensive healthcare and then pocket the "savings" themselves. Why is healthcare for profit again? Why is our economy built on the "try to rip off everyone else as much as possible principle" actually? Why don't we try to increase the size of pie for everyone rather than try to take as much for ourselves?
  • Social security is on track to run out before I retire. We're paying for people to retire with no plan on how I'm going to get my money back when I retire. Yet again, we're paying for the previous generation.
  • Debt. We're 20-something trillion dollars in debt paying for a bloated healthcare system, bloated military and social security. Like paying 50% taxes without any of the benefits that other countries get from such high tax rates? It's coming.
  • Corporations. They own everything now. They've completely taken over pharmacy, are pretty much there with medicine and now it's coming to dentistry. Same thing with pretty much everything else. Good luck owning a small business when you're competing against a soulless hope crushing machine. They'll work you to death to payoff shareholders (again, you guessed it, previous generations) especially once they've monopolized everything in an industry. Millennials are being forced to work part-time across the board so that they don't have to be given benefits anymore. Maybe lack of affordable healthcare will solve our population problem. Take Uber for example. They've found out a way to legally pay people less than minimum wage. They'll pay you just above minimum wage and because no one is financially literate the drivers won't figure depreciation on their car from all those miles into their wages (gas maybe, but not depreciation). They literally get paid less than minimum wage. It's a thing. Google it.
  • The government. It no longer works. Corporations own it now anyway even if it did. Open up an economics textbook and you'll learn that trade wars never work and never did. China makes all our stuff because they're good at it and they have an incredible infrastructure to match. In return, we get access to their really cheap goods. It's a win-win. So why do we have an orange, balding toddler in the white house pushing trade tariffs like it's 1652. Have fun with massive price increases on everything and watch as the best most valuable industries crumble under illogical over taxation.
  • Overpriced education. It used to be you could go to college for a couple of years and be guaranteed a decent 40-year career. Now you go to college for 4+ years, come out with 50k+ in debt and hope your job even exists in a decade. You hope private, for-profit institutions don't flood your career with millennials desperate to get a well-paying job when they graduate. The price of education is increasing faster than inflation due to the government allowing unlimited loans to our youth. Again, we are giving our money to the previous generation (higher education administrators). Higher education also has no incentive to train students for their careers. Why does everyone spend so much time learning nonsense? Why did I take 4 years of "general science classes" and only two of actual pharmacy (one of which was me paying to work for free)? Because it costs more to go to school for 6 years instead of 2. That's why.
  • Education in general. We continue to defund public education. We teach kids in school to memorize the unit circle and take derivatives, but fail to teach them to choose a career (or learn how the world is changing), budget, the value of compound interest, emotional intelligence, how to have positive relationships, be parents, etc. Teachers in Sweden are required to have a masters degree. They don't just get a bachelors in physics and then teach high school physics. They actually learn how to raise intelligent adults. Apparently, we don't value investing in the next generation (surprise).
Overall, I'm aware I'm pessimistic. We will probably find a way to solve some of these problems, but I do not believe we're inheriting what we could be. Greece learned the hard way several years ago what happens when you borrow against the next generation. Let's not drag everyone down the same path.
Click to expand...

 
mentos said:
Stopped reading after this. You know the child tax credit is only $2,000 right? That's like a month's worth of daycare if you're lucky. No one is having kids with the intention of getting richer. Our health insurance more than doubled after having our son cause the employer subsidizes the employee's premium, but no dependent's. So I have no idea where this free healthcare comes from?
Click to expand...

I'm messing with ya on that billy madison video bro. You made some really good points, and i would agree. We are in serious trouble, and a lot of people are unaware or do not want to face it and prepare for it. although i'm still not sure how to prepare. lol. I'm working on opening a medicinal dispensary by years end, working part time and well see what happens....but yeah, it's a downhill slide from here....agreed.

You have to admit that billy madison thing is hysterical, i use it on all sorts of people after they say a bunch of stuff.....lol.
 
sozetone said:
I'm messing with ya on that billy madison video bro. You made some really good points, and i would agree. We are in serious trouble, and a lot of people are unaware or do not want to face it and prepare for it. although i'm still not sure how to prepare. lol. I'm working on opening a medicinal dispensary by years end, working part time and well see what happens....but yeah, it's a downhill slide from here....agreed.

You have to admit that billy madison thing is hysterical, i use it on all sorts of people after they say a bunch of stuff.....lol.
Click to expand...

Think you quoted the wrong person. I'm not the OP.
 
Pharm.C. said:
Just wanted to write a quick post about how those graduating recently (millennials) are facing a difficult future so we can prepare accordingly. I'm not the only one with this opinion. You can read more about it here: LMGTFY

Essentially something is happening which has never been possible before. It's called generational warfare. Never before has globalization, overpopulation and technology allowed a generation to borrow and steal from the next generation like what we're experiencing now. The future is going to be rough (not doomsday, but rough) so I would recommend you plan accordingly. The issues are as follows:
  • Jobs are being automated. It's not just pharmacy. It's finance (ETF's, tax software, computers), lawyers (algos, computers), surgeons (robots) and everyone else. Those that make and maintain the robots will have the last jobs, but eventually even their job will be automated.
  • Wealth inequality. Equities and real estate have allowed all wealth generation to go to people who don't need it. The rich will get richer (previous generations who have already have a nice 40-year career) and the poor will get poorer (millennials and subsequent generations). Buying a house is rapidly becoming a futile effort for millennials who can't afford it based on what they've been given and because of skyrocketing prices fueled by overpopulation. Only those that own the robots will do well in the future. It will be a slow path to get there fraught with layoffs, dwindling salaries, and stressful working conditions.
  • Overpopulation. The planet is finite. We subsidize overpopulation with tax incentives (have kids, pay less taxes and more free healthcare!) and overutilize our resources. The world will get increasingly competitive. If you have studied ecology, you know that populations which grow exponentially typically overshoot their capacity and then crash catastrophically. If you look at a chart of human population growth since the industrial revolution, we've been growing at a rate that rivals bacteria. We'll overexpand, run out of resources, and then bad things will happen if we stay on this course. Starvation? War? Probably. Who knows. We could engineer a soft landing, you know, if you believe we're smarter than every other living thing that has existed on this planet to date.
  • Climate change. This is bad. We're causing it. It's going to get worse. I could write a book, but won't. We're actually doing something about it now, but it's probably not enough. We'll see how it pans out. I personally enjoy having polar bears, coral reefs, coastal cities, arable land and oxygen (for when all the trees and plankton are gone).
  • Healthcare. Incredibly bloated and ineffective. Have a stomach ache? Let's do a colonoscopy and MRI for $5k. Don't want to die? We'll get you into the ER and charge you $50 for a Tylenol. PBM's will save the world from expensive healthcare and then pocket the "savings" themselves. Why is healthcare for profit again? Why is our economy built on the "try to rip off everyone else as much as possible principle" actually? Why don't we try to increase the size of pie for everyone rather than try to take as much for ourselves?
  • Social security is on track to run out before I retire. We're paying for people to retire with no plan on how I'm going to get my money back when I retire. Yet again, we're paying for the previous generation.
  • Debt. We're 20-something trillion dollars in debt paying for a bloated healthcare system, bloated military and social security. Like paying 50% taxes without any of the benefits that other countries get from such high tax rates? It's coming.
  • Corporations. They own everything now. They've completely taken over pharmacy, are pretty much there with medicine and now it's coming to dentistry. Same thing with pretty much everything else. Good luck owning a small business when you're competing against a soulless hope crushing machine. They'll work you to death to payoff shareholders (again, you guessed it, previous generations) especially once they've monopolized everything in an industry. Millennials are being forced to work part-time across the board so that they don't have to be given benefits anymore. Maybe lack of affordable healthcare will solve our population problem. Take Uber for example. They've found out a way to legally pay people less than minimum wage. They'll pay you just above minimum wage and because no one is financially literate the drivers won't figure depreciation on their car from all those miles into their wages (gas maybe, but not depreciation). They literally get paid less than minimum wage. It's a thing. Google it.
  • The government. It no longer works. Corporations own it now anyway even if it did. Open up an economics textbook and you'll learn that trade wars never work and never did. China makes all our stuff because they're good at it and they have an incredible infrastructure to match. In return, we get access to their really cheap goods. It's a win-win. So why do we have an orange, balding toddler in the white house pushing trade tariffs like it's 1652. Have fun with massive price increases on everything and watch as the best most valuable industries crumble under illogical over taxation.
  • Overpriced education. It used to be you could go to college for a couple of years and be guaranteed a decent 40-year career. Now you go to college for 4+ years, come out with 50k+ in debt and hope your job even exists in a decade. You hope private, for-profit institutions don't flood your career with millennials desperate to get a well-paying job when they graduate. The price of education is increasing faster than inflation due to the government allowing unlimited loans to our youth. Again, we are giving our money to the previous generation (higher education administrators). Higher education also has no incentive to train students for their careers. Why does everyone spend so much time learning nonsense? Why did I take 4 years of "general science classes" and only two of actual pharmacy (one of which was me paying to work for free)? Because it costs more to go to school for 6 years instead of 2. That's why.
  • Education in general. We continue to defund public education. We teach kids in school to memorize the unit circle and take derivatives, but fail to teach them to choose a career (or learn how the world is changing), budget, the value of compound interest, emotional intelligence, how to have positive relationships, be parents, etc. Teachers in Sweden are required to have a masters degree. They don't just get a bachelors in physics and then teach high school physics. They actually learn how to raise intelligent adults. Apparently, we don't value investing in the next generation (surprise).
Overall, I'm aware I'm pessimistic. We will probably find a way to solve some of these problems, but I do not believe we're inheriting what we could be. Greece learned the hard way several years ago what happens when you borrow against the next generation. Let's not drag everyone down the same path.
Click to expand...

I'm messing with ya on that billy madison video bro. You made some really good points, and i would agree. We are in serious trouble, and a lot of people are unaware or do not want to face it and prepare for it. although i'm still not sure how to prepare. lol. I'm working on opening a medicinal dispensary by years end, working part time and well see what happens....but yeah, it's a downhill slide from here....agreed.

You have to admit that billy madison thing is hysterical, i use it on all sorts of people after they say a bunch of stuff.....lol.
 
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