Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
A few years ago in China a guy went viral on billibilli (their version of YouTube) for covering how hard it was to be retired in China. The CCP took his Channel away and censored him. Funnily enough in the years since the CCP has made strides in increasing the payout of their social security system.
So they censored him and then responded to the criticism anyway.
Honestly --minus the censorship-- I wish the US would handle it this way. Stop relying on 401ks and housing value to backstop peoples retirement and increase social security payouts. The elderly have earned their right to take a break from the grind of capitalism. They should be relaxing and passing on what they’ve learned from their time on earth to the next generation.
My relaxation plan is suicide. Just like other millineals. Even though I’ve done way above average, there is no way I’ll ever retire. It’s literally illigical for me to not commit suicide. Who wants to be exhausted with nothing to look forward to?
Friend, there are millions of us millennials out here who are in the same boat. You are not alone. I am confident we will, as a generation, improve living conditions for all of us in this lifetime. Capitalism is in its death throes and it sucks that we have to deal with all of the side effects of that, but we have the power to forge new ways of living, and will likely have no choice but to do just that in the near future.
That would make the wealthy very happy if you did that. They wouldn’t have to pay taxes for your retirement.
My advice – if you can’t overcome your cynicism, go on to spite those fuckers who refuse to pay you enough for a comfortable retirement. To spite those who have denied you hope for the future, who want to work you to the bone and throw you in the trash.
Fuck those people, every breath you take is one less breath for Elon.
Having said that, we can organize and fight for a kinder world, that includes better social security that can pay for a comfortable retirement with people you care about. Don’t let your cynicism devour you.
A better world is possible, take action. Join DSA or start a union or join another org. Mamdani has proven the system is not invincible.
The problem is that a lot of Chinese elderly used housing as a storage of wealth.
A few years ago in China a guy went viral on billibilli (their version of YouTube) for covering how hard it was to be retired in China. The CCP took his Channel away and censored him. Funnily enough in the years since the CCP has made strides in increasing the payout of their social security system.
So they censored him and then responded to the criticism anyway.
Honestly --minus the censorship-- I wish the US would handle it this way. Stop relying on 401ks and housing value to backstop peoples retirement and increase social security payouts. The elderly have earned their right to take a break from the grind of capitalism. They should be relaxing and passing on what they’ve learned from their time on earth to the next generation.
My relaxation plan is suicide. Just like other millineals. Even though I’ve done way above average, there is no way I’ll ever retire. It’s literally illigical for me to not commit suicide. Who wants to be exhausted with nothing to look forward to?
Friend, there are millions of us millennials out here who are in the same boat. You are not alone. I am confident we will, as a generation, improve living conditions for all of us in this lifetime. Capitalism is in its death throes and it sucks that we have to deal with all of the side effects of that, but we have the power to forge new ways of living, and will likely have no choice but to do just that in the near future.
That would make the wealthy very happy if you did that. They wouldn’t have to pay taxes for your retirement.
My advice – if you can’t overcome your cynicism, go on to spite those fuckers who refuse to pay you enough for a comfortable retirement. To spite those who have denied you hope for the future, who want to work you to the bone and throw you in the trash.
Fuck those people, every breath you take is one less breath for Elon.
Having said that, we can organize and fight for a kinder world, that includes better social security that can pay for a comfortable retirement with people you care about. Don’t let your cynicism devour you.
A better world is possible, take action. Join DSA or start a union or join another org. Mamdani has proven the system is not invincible.