this post was submitted on 09 Sep 2023
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Politics
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I'm imagining the cost of living that allowed his father to live on the salary of a 12 year old who worked as a plumbers assistant. I'm also imagining that this billionaire probably went to Bronx Science (a free public school now where attendees likely have paid for test prep to do well on the entrance exam, out of reach for a lot of NYC public school students). If he went to college in the Bronx, it was likely Fordham - the 2023 cost of attendance (tuition plus fees and books) is now $89,575. For an MBA from Columbia, their cost of attendance (which includes room and board) is now $127,058 in 2023.
He cannot make the connection that COL and earnings have grown exponentially since the time his father was 12, yet wages haven't. Does he not see that very few students would be able to go to private universities for undergrad and grad schools and service their debt with current wages? How many graduate and immediately start working on Wall Street? He's probably against WFH, too, solely seeing the benefit to his commercial real estate portfolio and ignoring the commuting costs and work life balance issues for the workers. The world capitalism gave him and his father is gone. At this point it's as real as ghosts and dreams. We are dealing with the current world that capitalism has given us, a capitalism that only a billionaire would cry over.
He sees and he knows. It is crocodile tears of a men that has a "fuck you i got mine" attitude.
No, he probably doesn't know. It's been decades since he had any real "economic anxiety". His type of budgeting and belt tightening is renting out his yacht when he's not using it, or staying at his current vacation homes instead of buying new ones.
He literally doesn't know what the average person experiences, so we shouldn't listen to him for advice.
he made his billions at wall street and is an educated economist. He knows exactly how the system runs and how it fucks people over. He is investing in the system to be like this after all.
That's where you're wrong! Billionaires still have loyal friends unlike you!