The Fed is yet to catch up to the Taylor Rule estimateSubmitted by Surlax t3_11e65gn in wallstreetbets
SufficientTowers t1_jad4f9c wrote
Reply to comment by attofreak in The Fed is yet to catch up to the Taylor Rule estimate by Surlax
> for now, USA can still fill it with immigration, and then the right-wing nuts lose their minds without seeing the bigger picture
There's a touch of irony here. There's an even bigger picture you're not considering here that the "right wing nuts" are in the right about; longer term downward pressures on wages due to infinite labor supply, elimination of whole sectors of industry, as well as strain placed on social systems by importing net unproductive people. The immigration system in the US does not select for the best and brightest globally, unlike immigration systems in most other countries.
Comparative advantage needs to be held up against localized losses. It doesn't matter to the unemployed that everything is 10% cheaper when their jobs are eliminated and there's no path to retraining.
attofreak t1_jad5nvd wrote
> net unproductive people.
lol, the "unproductive people" are the privileged white demographic. You are getting engineers, doctors, professors, phd students on scholarships and affluent families as your immigrants, while you squander away your stimulus checks on 0dte plays.
But keep licking up to the right-wing nuts, who do everything possible to make your life difficult, ensure terrible wages, fuel up military industrial complex stealing funds from the most basic social support system and write corporations blank checks.
The irony, if you knew how to use that word, is not realising how you are exactly the lazy, privileged, misinformed idiot that is a product of a failing system.
goldenloi t1_jad6cu7 wrote
>You are getting engineers, doctors, professors, phd students on scholarships and affluent families as your immigrants
Only about half of US immigrants have graduated high school (or equivalent)
SufficientTowers t1_jad6a4j wrote
> You are getting engineers, doctors, professors
Tell me you know nothing about US immigration without telling me you know nothing about US immigration.
> the "unproductive people" are the privileged white demographic
The Left sure does a great job proving they are anti-racist people who care about the little guy....oh wait
>you are exactly the lazy, privileged, misinformed idiot
You got literally everything wrong. You are a white guy who has enough disposable income to mess with options trading.
The amount of irony here is palpable.
thepiguy17 t1_jae12y8 wrote
Jumping in way late to say I don’t think anyone in politics is looking out for the interest of common folks, immigrants or otherwise. It’s all a façade. Then we argue with our neighbors about who is right and who is wrong all day, while those fuckers collect paychecks from our taxes. The remainder then gets funneled to big business because we need privatized companies to help the government do its fucking job, and while they figure out who is going to get paid, they all shovel every dime they can into the market to collect a fat premium on the “work” they did for the American people.
Fuck ‘em. Seriously, both sides are just as corrupt, just as immoral, and just as bad in completely different ways. Congress, and all politically appointed representatives should make minimum wage and not be able to participate in anything other than buying ETFs or throwing shit into a savings account.
SufficientTowers t1_jae1hd7 wrote
Couldn't agree more. Government being a necessary evil that needs to be as impotent as possible seems to be the only valid take.
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