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How often are your peers experiencing these crimes? Assuming you're in the US based on your comments, crime rates are much lower now than when in the early 2010s when I was a young adult and quite hopeful despite thinking my job prospects were bleak and that I'd never be able to afford a home.
Yes people of all ages tend to be unhappy when crime happens to them. Not sure where you live but lowering taxes and government oversight is actually a bad way to improve taxpayer funded and government run law enforcement agencies. None of this has anything to do with AI though and young people can be angry about multiple things.
I saw the moon launch the other day, and in the past I would have been following and celebrating. These days I’m more preoccupied by the corruption in our government, including recent anti-democratic events (I’m not American).
This is something I never see mentioned so I'm curious what brought it up. Are you personally paying a lot of taxes or so much that you can't afford other things or is this a thing peers talk about? Is this a state or federal thing?
Think for a second, if someone wants child care -- they must pay enough not only to satisfy the worker's basic needs but also the worker's income tax, business taxes, property taxes of the daycare, government mandated licensing and bonding, etc. None of those get recorded as 'taxes' the person contracting that service has paid, but really they are also paying those.
Given how little most of the lower pay workers have extra to work with, and how little they get in government services for what they pay, I don't think it's much a stretch for them to think taxes are holding them back. Being able open up saving even couple percent of income massively improves your financial safety and cushion at those brackets.
So to whine about them shows a baseline belief that income should not be taxed at all, I guess?
Regardless of how hard you worked or what you deserve, having 30k in capital gains puts you into a very, very, verrry small minority of americans.
The amounts you paid in capital gains are about 50% higher than I've ever paid. That was the second year I worked at a big tech company and suddenly had stock, which was about a decade into an my extremely lucrative career as a software developer. Most of my friends don't have to deal with capital gains at all because they're not part of the investor class. On average the rates of trading must be much lower for people in their 20s, no?
> high housing costs which driven up by overregulation, entitlements to retirees and H1B/immigrant cases driving down wages
Anyone I talk to under 40 despairs at low wages, rising prices, and a political class that is incapable of going after blatant corruption, especially those identified in the Epstein files.
There is more anger at capitalism and billionaires (capitalists in the Marxist sense) than in any time in living memory. The notion that young people are generally upset about regulation, entitlement and H1B visas is laughably out of touch. It might be true for a tiny number of spoiled techies in the Bay Area! But outside SF, Seattle and NYC, young people are angry about a lot of things, and strong regulation and generous benefits are about the last of them.
Maybe it’s just the legacy media I consume, but petty crime is rarely if ever reported (television, newspaper, radio, etc) in my experience.
And I’m not sure how you would expect media institutions to address petty crime. I guess they could ask local leaders and local law enforcement about it.?
Uh... yes? Journalists used to report on crimes and then ask police and town leaders questions on how they're addressing it. And then do follow-up stories weeks or months later, to report on (lack of) progress and again ask police and town leaders questions.
But I'm not sure I can recall, even in a local paper or a local TV news broadcast, seeing articles / segments about a random individual having their car broken in to or being robbed.
Edit: I take that back, I have seen reports of robberies (specifically armed robberies) in local news, but not so much car break ins.
- Taxes
- Overregulation
- Housing
- Immigrants
- Legacy media
This is literally a checklist of wealthy conservative old man issues.
You should be careful saying things like "high housing costs which driven up by overregulation". It sounds like you're trying to frame bad economic news like it's the fault of a more liberal political party in the US.
High housing costs are just an effect of capitalism. It's supply and demand - as simple as that. If they were grass huts in downtown San Fransisco, they'd be just as expensive. "Overregulation" is a fallacy.
Prop 13 actually limits property taxes and the assessments that can happen. You're actually hurting your argument with this point.
Regulations don't reduce supply because regulations don't purchase properties. People purchase properties and then that property is off the market.
The Bay Area is proof that limited supply (because there is only so much land in the area) + steady (or increasing) demand (because people need to live close to where they work for some baffling reason) will cause property values to raise steadily over time.
Again: It's supply and demand. Regulations have very little to do with price increases.
To be clear: I'm not anti-capitalist ... I'm just anti "wrong context"
I'm not talking about the salary for a city planner who draws lines on a map. I'm talking about banning building denser housing via zoning.
> The Bay Area is proof that limited supply... will cause property values to raise steadily over time
The Bay Area has limited housing supply for a long time through single-family zoning, minimum lot sizes and other regulatory means.
> Prop 13 actually limits property taxes and the assessments that can happen.
Unaffordable property tax increases are a signal that the land is under-utilized. High property taxes due to land scarcity incentivize building more housing on the same land. Prop 13 takes away that signal. Or at least, it insulates existing and long-term homeowners from the effects of insufficient housing supply in their area. Their taxes don't go up so they have no reason to sell their house to someone who will build condos and apartments on that land.
> You're actually hurting your argument with this point.
I don't think you've taken the time to understand my points.
> Again: It's supply and demand. Regulations have very little to do with price increases.
Again: regulations can and do limit supply.
I've found a few plots of land in San Francisco where you could put my house on where the land itself is under $200,000. So $260,000. So why doesn't anyone do this? It's $200,000 in profit easy since you could sell it for $460,000+ easy. Capitalists just hate making money? Clearly there is regulation stopping it, otherwise developers would be buying $50k boxables or the cheapest manufactured house they could drop down off a trailer and making an absolute mint on all the slivers of cheaper land you can find for sale in these upper priced cities.
When I was in the planning phase of building my house I quickly identified only a few counties in my state where it was even possible to build a house all myself without regulatory inspections. The only reason why I have a house is because I found a place with no regulatory inspections for owner-builder housing which allowed me to bypass codes, engineering, building plans, and licensing.
It's very very complicated. And new construction makes rents go up here because it's all luxury - it has to be, or developers won't bother to build.
It's so complicated that I'm sick of reading the West Coasters hot take on housing problems - that it's 100 percent due to single family homes and zoning and other very very California problems.
Guys, we're not all in California.
Self driving cars were a huge deal 10 years ago and we were all going to be using them immenitly. Now the future is here and they are no greater than a curiosity for the average person. 99.99% are driving manually and will be 30 years from now.
Similarly, AI promises to solve every problem, but the average persons' experience is that of increasing irrelevant spam and junk mail rather than being freed from laundry duty.