I'm usually the last to defend the construction of the US economy, but I think this is a bit of an overreaction. The stock market is not the economy. Big Tech bubbles are bad, but this isn't 2008 where people lost their houses because of financial engineering.

I think the bigger story (and issue) is just how few people are involved in and benefiting from Tech. These companies have massive market caps because they employ a tiny amount of people relative to how much money they make. For every one tech worker making high six figures there are a 50 people doing low-level healthcare service work. The vast majority of Americans own trivial amounts of stock, so they don't even benefit indirectly from the Tech bubble. All of this is just exacerbating the radical divergence of the haves and have-nots in our economy.

People say this all the time and it is false: California is a high tax state. No it isn't. It is a high Income tax state. It is an extremely low property tax state.

To put this in perspective, I live in Boston and my mom lives in California. She owns > $3 million dollars worth of property that she pays 1% tax on when she bought it (for around 500K total) so an effective property tax rate of .16%. In Texas she would be paying 3% property taxes which 1800% percent more. She also gets depreciation on the rental property that is marked up to when some it got transferred to her so she gets depreciation amortized over 18 years at ~2.5 million valuation. She also collects social security, a pension from a previous government job, and rental income. All unearned. Some of the rental income comes from Section 8 and other welfare programs (paid for by young workers). Let alone medicare which she will certainly get way more out than she ever put in.

I on the other hand, make ~190K a year. One year I got lucky with stocks/bitcoin. I've been paying in the 250K income tax bracket for 3/4 years. I've also paid >5% state income taxes every year on that money. I've paid double or triple my mom's taxes every year despite her making total earnings including investments way above me. ON top of that I have high payroll taxes, sales taxes, and no deductions. I live in a crappy apartment (near a bunch of frat houses) that costs 2K a month (a little less than my mom's mortgage on a house worth $1.7 million).

For young people that have no property and income we are in an awful position. All we hear is increase income taxes, but that is the only way we are moving up the socio-economic ladder. We have many types of inequality in the US, but the most extreme is age-related inequality. Older people have almost all the money in America. The largest generation now is the millennials and they hold <10% of US wealth. Millenials are now in their prime working years and income is the primary way they will acquire wealth as they hold almost none of the assets in this country.

Its no wonder that younger and middle class people are flocking to places like Texas where they can afford a house (because property taxes prevent money flooding into real estate), and can actually get ahead because of little to no state income taxes.

Doctors as a general rule are very bad at listening to patients and our medical system simply does not track drug efficacy or side effects. You might be in a privilege situation to have never had to experience this, but there are millions of people who have.

Switch "on my phone" with "drinking alcohol" and that's literally how all alcoholics think.

Also, Dr. Shiva is not an independent voice. He ran in Massachusetts as a Republican.

I'm not sure what you mean by "the other". "The other" is an actual concept signifying people who are somehow excluded from society. Rarely do people get banned for going after "the other". Most of these people get banned for going after mainstream journalists and politicians. Many don't get banned for going after anyone at all. And many get shadow banned without any notice or explanation.

Secondly, I don't think people on the right consider what people like Milo (for instance) do to be performative cruelty. They see it as exposing hypocrisy. They see it as exercising their god-given right to free speech.

Stock market like many other assets are driven mostly by credit cycles. Bubbles are created by natural credit cycles. The vast majority of money in the USA isn't hard cash, its credit. And low interest rates and other things can rapidly expand the amount of credit. We are in a period of extremely low interest rates and quantitative easing as well as deficit spending by the government.

Hedge funds like Ray Dalio's track credit and do it to a precision that is widely regard as even better than the federal reserve.

https://www.youtube.com/watch?v=PHe0bXAIuk0

How on earth can you possibly say that in 2098 that "a huge percentage of white babies ... will be white"? Are there any demographic studies that say this? Where are you getting this info from? Rarely do projections even go that far.

Even US Census predictions have been off by huge margins within a few years because of unexpected declines in longevity, birth rates, ect.

I think the rest of your analysis is just wrong. First there was no "English" America. America from the start had European immigrants. New York was a Dutch colony. The early censuses used "white" and it always meant the same it means today.

This idea of a "progressing" whiteness is way way overblown to make people feel like the demographic changes we are facing are not unusual. But they are. Even if a huge percentage of hispanics start to self-identify as white - White people will still likely become a minority when they were around 90% of the population at the turn of the last century. Asians and Blacks are around ~20% of the population and Asians are the fastest growing ethnic group.

https://www.washingtonpost.com/news/volokh-conspiracy/wp/201...

America at this point has little shared ethnic background. It’s largest states are minority-majority for example and that will be the case everywhere soon as minority babies are already the majority.

Please don’t laugh things away because you think they don’t happen.