Agreed, but social media has become an echo chamber for fuckcars and good luck reasoning with them.

I certainly agree based on my previous statement that income is not wealth, but I was trying to make two points and mixed the messages.

One is that amounts of money that were once considered an unbelievable amount for income or wealth - say $100k and $1m - have now been eroded by inflation to fairly modest money. In the 70s or 80s, having a million meant never working again. Earning 100k a year when a house cost $50k was huge money, and might lead to wealth quickly, if one bought several houses with it.

Another point I’d like to sneak in is that there’s almost no modern equivalent to that kind of employed income. On paper, inflation puts it at 400k - so maybe today’s equivalent of a surgeon - but the 50k house now costs $500k-1m. Notional inflation being 4x, while the critically important things have gone up 10-20x means that something harder to quantify is broken, and upward mobility isn’t working the way we expect. The same opportunities don’t exist. We are less likely to turn income into wealth over time than at points in the past, and so the tendency of people to erroneously think high income = wealth may have a reasonable basis in history that has never been less true today.

Edit: and it’s not just houses, it’s the stock market. The advent of the internet and e-commerce resulting in tech stock growth 1995-today is a phenomenon not likely to be replicated in any other area. We may be running out of growth to be had. The ability to get 10-20x your money over 30-40 years of investments is probably gone, and with it the prospect of comfortable retirement for even relatively high earners.

I’ve seen this on Reddit before: Six figures means you’re rich, because that was true in the 80s, right? Obviously people don’t have a clue that 40 years of inflation has made that middle class.

Also: income is not wealth, and the willful lack of understanding on that point blows my mind. A person who is wealthy can live an upper middle class lifestyle or better without ever having to work again. A person who has respectable income may have minimal wealth, or even mountains of debt (student loans, mortgage, etc). A person who makes 100k could be a few months unemployment away from losing their house or lease, while a person with “wealth” may not have to work at all.

People don’t become filthy rich working full time for six figures. The wealthy (~$20-50m net worth and up IMO) are people who made their money with something other than labor - through investments and things that the government doesn’t really classify as normal income.

Edit: It’s like the saying goes: nobody makes a billion dollars. They take a billion dollars. If you tax the wealthy on income, you collect very little tax, because it’s not classified as income. Meanwhile you’re going to tax an engineer or physician who probably have hefty student loans and work their asses off full time, at the highest marginal rates because we don’t or can’t tax wealth.

Edit2: we’ve got minimum wage internet trolls who think an employee software engineer is basically a cigar chomping capitalist because they make over the median wage. The middle class has shrunk and maybe you’re not in it. Get a clue, dumbasses.

Totally agree. Income isn’t wealth and people are clinging onto 1970s implications of “millionaire” when in 2023 having a million net worth doesn’t even allow you to retire and might just mean you own a house and have little other savings. Similarly “six figures” income meant a lot 30-40 years ago, but inflation eroded that to middle class in the 21st century.

Get in, make as much as possible (with little to no regard for others), get out, retire early.

Arguably, this is what the American dream has become. It used to be we wanted middle class wealth, 2.1 kids, and a nice suburban house. But now all we want to do is sell out, retire, and never have to work again. I can relate, even if I lack the skills to play the game.

That’s where we got antiwork, FIRE, etc. It’s true: nobody wants to work anymore. I sure don’t. Maybe we never did.

Well that was a totally reasonable response from someone who is totally capable of considering the merits of an argument without relying on bad articles trying to drum up weak support for the author’s preordained conclusion with circular reasoning. Nothing to see here folks. This guy has it all figured out and we should totally worship his correctness without debate.

IMO the only myth is the belief that it’s a myth. The evidence is overwhelming.

For reasons I don’t understand, people seem to be incapable of separating any discussion of overpopulation from racism and eugenics. I think it’s at the point where it’s disingenuous, willful, or at the very least a massive blind spot in people talking about the problem. You should understand that bad people can embrace overpopulation with bad conclusions, and that should not taint reality. Hitler was an animal lover - does that mean it’s wrong to love animals? That’s the level of flawed argument we’re dealing with here.

“Under Blue Cross’s proposal to Henry County, even with the new rates, BCBS would still be paying the hospital less than it did for OB care back in 2009.”

So blue cross cut reimbursement to the bone, and Tenncare Medicaid reimbursement is too low to sustain the cost of services. This story is going to get repeated a lot across the US, IMO.