There's almost nothing I want to buy that costs between "iPad pro" and "mansion with no mortgage." This is why middle class is doomed.
-
-
What actually happens in the name of middle-class "security" is that their share of societal risk exposure is converted to long-term debt
-
This is a terrible idea, since in the conversion from risk to long-term debt, thinking is shut down. Rest of society has to think harder
- 6 more replies
New conversation -
-
-
@vgr Does lower-class realize this is state of play? Otherwise, still makes sense for upper- to subsidize middle-class as carrot.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@vgr that logic assumes risk aversion it's an exact, singular state of being. It's not. It's a spectrum of intensity colored by many biases.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.