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I have become somewhat addicted to Threads. It is similar to X, but simpler and with generally shorter posts, but it is scary.
The misinformation and lack of understanding about taxes, wealth, Social Security, economics, and investing is staggering. If the posts reflect even a modest segment of our population, the financial challenges people face are easily understood.
Nothing is fair according to these folks. Here is a recent complaint. I just paid $4 for a Gatorade at 7-Eleven…Why is everything so expensive? – because you are willing to pay $4 for Gatorade at 7-Eleven.😎
Why should they pay school taxes if there are no children or when over 65? All the taxes they pay are wasted, where does the money go some ask? Medicare stinks because it didn’t cover 100% of services. We need a larger SS COLA. Billionaires have taken all the money. Make rent $500 again. Billionaires have a tax rate of just 3.4% – too bad they didn’t read about taxing unrealized appreciation used in that inflammatory percentage.
401k plans are a scam younger writers claim, just an excuse not to pay them directly.
I like these comments – My 401K has lost value a few times, sometimes a lot (2007). It sucks. — The stock market is legalized gambling. — I recently cashed out a Roth IRA that made no money…zero…over five years.
One final favorite brilliant comment that appears every day.
“The average life expectancy is 78 years, while the retirement age is 67. We work for 50 years to maybe enjoy 11. Start enjoying life now. No one is guaranteed tomorrow.”
Live for the present. Who says retirement age is 67? Besides life expectancy at 67 is about 83 (86 for women), not 78.
To say there is a detachment between fact, fiction and personal responsibility is an understatement.🥲
Let’s hope what we see on social media is not an accurate reflection of our broader society, but only a consolidation of the complainers and irresponsible.
Yeah, let’s hope 🥵
One needs only to look at human history to see that bias, prejudice, envy, selfishness, hatred, discrimination, irresponsibility, ignorance and many other negative beliefs and behaviors are nothing new. If online social media had existed for the past 100 years is there any reason to think that it would have been less problematic in the past than it is today?
What about whole communities in love with crypto? And think X and Threads are bad? Check out Reddit.
Also, consider that what you see on Threads and X is likely to serve you more bad stuff, converging on more disinformation, as you search for and read disinformation, especially if youu click the little red hearts.
Thete is an aweful lot of misinformation and misunderstanding. But I take issue with one of your examples.
The stock market is legalized gambling. It’s other misconceptions about the stock market which are problematic.
The stock market is legalized gambling, but this does not mean that there aren’t aspects we can use to our advantage. Such as index funds. We always do better than half of the gamblers.
Quite correct. I would also point to the plight of our public education system for not being able to correct subsequent generations.