News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
What's a retirement?
Shit must REALLY suck for you that you have no retirement plan... But its not really helpful for us to attack other working class people with retirement accounts tied to stock market investments
Fighting each other and is exactly what the 0.1℅ wants is to do (forget the 1%... Thats just misguided bullshit meant to further divide us)
I think the person was speaking to the fact that the median savings account of the average American (big average) is 84,000 https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median
Or that the average person under 35 has less than 18,000
https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median
The average American isn't winning big with stock market gains. Crashing the stock market might wipe out my measly 15k, but I don't own a house yet and I can't touch that money for another 30+ years, so it can't help me at all anyway.
You got to remember, most of the wealth is still in very few hands. So telling yourself "the stock market also benefits the people who are retiring" makes it sound like there's a good side to this when really it's only a silver lining to an otherwise meaningless and arguably downright hurtful event.
The economy is as bad as it is, we're seeing fascism rise as much as we are, partially because our major economic systems aren't designed to actually benefit the people they're built on sucking value out of.
So no, I don't care that everyone currently cashing out of the system just got a little bit more money or more time out of the recent layoffs and the recent COVID profitteering and the recent inshitification. I think we have to be careful defending bad systems even minorly, despite that being rational and logical, because it feels like we're coming to a tipping point and minor defenses like that make it seem as if we can extend the shelf life of these systems a few more decades, a few more unnecessary deaths, a few more degrees of warming, etc. Idk, only politics is weird. At least you're participating, so thanks for that.
I'm all for dismantling capitalism, but until we come up with a better system, i'm not about to liquidate my accounts just to stick it to the man. Thats cutting your nose off to spite your face
Pensions arent a thing anymore. Retirement savings accounts and lottery tickets are the only two options if you dont want to work until you're dead...
It's not about capitalism vs something-other-than-capitalism, it's about all the small systems that make up our way of life. As a simple example, housing shouldn't be a vehicle for profit seeking. It should be illegal or so greatly discouraged that owning an unhealthy amount of properties is non-viable because if house prices must always go up and everyone needs a place to live - the cost of living must always go up. A subsystem of capitalism that needs fixing, not "a new system that isn't capitalism".
And I'm not suggesting people not have 401k's or not invest or not save money, I've got my retirement fund too. But we have to realize that that system isn't doing it's job and it's harmful to society and the more we participate the more incentivized to keep it harmful, to keep it around. So participate like an intelligent person and then leverage your power and position to better the systems for everyone - eventually at an expense to yourself.