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Calculating

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Member since: Fri Jul 1, 2016, 10:57 PM
Number of posts: 1,862

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This pandemic has really cut through the illusion of our overall prosperity

We had 'record low unemployment' and a shiny stock market which was approaching 30k and setting new records daily. Underneath these things we had a country with a fundamentally rotten foundation. Half of our population living paycheck to paycheck without enough money saved up to cover a few weeks without a job. Stocks that were propped up by tax cuts for the wealthy and stock buybacks enabled by cheap debt. Rampant income inequality which was getting worse by the year, and a generation of students crushed by insurmountable debt. My only hope is that this crisis will lead to a fundamental reevaluation of our society and economic system in the end. The cracks in the system were already there, this crisis just split them open all at once.
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