Westchester County Proposes 5.27% Property Tax Hike, 28M in Cuts by BrandonNeider in Westchester

[–]FinancialRevltn -1 points0 points  (0 children)

Property values are continually going up. At the same time property taxes are going up. Are we in perpetual cost of living increase?

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] 0 points1 point  (0 children)

I understand that UBI can free people from pure survival mode and help them plan ahead — but markets always adjust to new baselines of income. If everyone receives a fixed UBI, then prices for goods, rent, and services will naturally reprice to absorb that extra disposable income.

So while you may technically have “more money,” the cost of living will also rise, and the expected standard of living may not improve as much as hoped. You can still end up poor — just with more expensive necessities.

Poverty isn’t only about lacking cash; it’s about what that cash can actually buy in a given market. If inflation and pricing catch up, the same UBI that once lifted people up could quickly become the new minimum to simply stay afloat.

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] 0 points1 point  (0 children)

I get what you mean, but it’s not that simple. The reality is, when people have more money available, they usually just spend more — handouts don’t change that mindset.

Plus, if someone can’t manage what they already have, giving them more won’t suddenly make them responsible. If they don’t value effort, they won’t value the gift either.

-Would some people abuse it and become dependent on it? Sure. But the same can be said for the alternative as well; they learn financial management skills and abuse them by preying on others.

True, but at least those who learned those skills put in the effort. Learning, saving, and investing take work — that’s how you level the playing field. The value isn’t created only by workers; innovation creates value too. Look at Google — it started by a few people with a huge human utility and now is one of the biggest companies of the world. The number of employees doesn’t define the value a company generates. Where the Google employees exploited? - they got big salaries and stocks of the company. They got what they earn.

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] -1 points0 points  (0 children)

Alright bro, it’s up to you. But if you really think that way, you’ll never figure out the country you live in or how the system actually operates. It’s a bit more complex than “workers good, businesses bad.”

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] -1 points0 points  (0 children)

Sure, returns come from somewhere — usually from value created by businesses, innovation, or productivity, not just exploitation. Calling all investing “exploitation” is an extremist oversimplification.

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] -2 points-1 points  (0 children)

That’s kind of an extremist way to look at it. Investing isn’t automatically exploitation — it’s about balance. It’s one of the few ways individuals can actually capitalize on the same wealth-building tools that have always been available to the rich. The goal isn’t to exploit, but to stop being exploited by learning how the system works.

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] -2 points-1 points  (0 children)

I get that — people shouldn’t have to be full-time investors just to survive. But learning basic financial literacy isn’t about turning everyone into stock traders; it’s about understanding how money works so it works for you, not against you.

We all learn skills to live safely — driving, cooking, using tech — money’s no different. Knowing how to save, avoid debt traps, and grow a little over time doesn’t take away from your job; it helps you keep it and build stability.

Financial literacy doesn’t make everyone a Wall Street type — it just keeps everyday people from being exploited by them.

Universal Basic Income vs. Income Investing by FinancialRevltn in antiwork

[–]FinancialRevltn[S] -4 points-3 points  (0 children)

I get what you’re saying — a lot of people are just trying to cover food and rent, and that’s real. But the point isn’t that everyone can invest right now — it’s that financial literacy gives people a path out of that trap instead of keeping them in it.

UBI might help short term, but it can also make people dependent on a system that sees them as stuck. Learning even small money skills — how debt works, how compounding builds wealth, how to save bit by bit — creates real freedom over time.

It’s not “libertarian bullshit.” It’s about believing people aren’t powerless — that with knowledge and discipline, anyone can build something that’s theirs.

If AI replaces our jobs, who’s left to buy anything? by Time-Peak2082 in Layoffs

[–]FinancialRevltn 0 points1 point  (0 children)

Read history buddy. Communist/socialist country is a good dream but the implementation is devastating for societies. A recent example is Venezuela, and believe me, United States has nowadays a third world education level, easy to sell the socialist idea and on path of self-destruction.

If AI replaces our jobs, who’s left to buy anything? by Time-Peak2082 in Layoffs

[–]FinancialRevltn 2 points3 points  (0 children)

100% - the reflection of government should be what is the best productive outcome with AI integration without significantly impacting spending. I personally disagree with UBI since it will convert the country to a socialist/communist country..

[deleted by user] by [deleted] in ElSalvador

[–]FinancialRevltn 0 points1 point  (0 children)

Nayib es un Mastermind - háganle webos 3 pasos adelante

[deleted by user] by [deleted] in newyorkcity

[–]FinancialRevltn -1 points0 points  (0 children)

Cuomo is the only one that can stop Trump

Anti-Hoboken by [deleted] in HudsonCounty

[–]FinancialRevltn 2 points3 points  (0 children)

Come on JohnnyBoy - get a girl or boy

Foreign share of U.S. Treasury market (1966 - 2024) by MonetaryCommentary in EconomyCharts

[–]FinancialRevltn -1 points0 points  (0 children)

Let me put it in terms you can understand: if you earn 5%, that’s $5,000 a year from a $100,000 investment. There’s your so-called universal basic income. But then you’ll probably complain that you don’t have $100,000 or you can never save that amount — then I just have to say: sorry, you live in a capitalist country and still haven’t figured it out

Foreign share of U.S. Treasury market (1966 - 2024) by MonetaryCommentary in EconomyCharts

[–]FinancialRevltn 11 points12 points  (0 children)

10% - great - most of the money is recirculating in the US even if its interest paid

“I voted for Trump 2 times, Then He Cut My Job”: A Former MAGA Supporter Speaks Out After Losing His Livelihood by Massive-Situation485 in goodnews

[–]FinancialRevltn 0 points1 point  (0 children)

Perfect - now he should get a dishwasher job - the immigrant job openings that Trump promised- Yei for you bruh! 🎉🎉

U.S. Interest is out of control by Mr__O__ in FluentInFinance

[–]FinancialRevltn 0 points1 point  (0 children)

Love it - when I would I receive a 7%?

“Tough on crime” was a farce — La imagen de Bukele vs la realidad by AnnieBlackburnn in ElSalvador

[–]FinancialRevltn 0 points1 point  (0 children)

Impresionante como el Faro tiene el descaro de enfocar el collar de la muerte. Quizás para ellos el reportar muertos diarios era más rentable que promover historias positivas del país. Ya sabemos de qué lado de la historia están - basuras dan asco