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Topic	Why is socialism bad?
ChocoboMog123 02/16/20 8:22:47 PM #36:	Broseph_Stalin posted... We actually have a massive housing shortage in the US because local governments are purposely restricting the supply of new housing. https://i.imgur.com/xeQ4NTI.png Man, what is with that huge drop right along the mid 2000's? What happened? Edit: Yes, it's absolutely true that there's an artificial housing shortage caused by building restrictions, especially in low income areas. Still, houses are sitting empty, sold as vacation homes for foreigners finding new wealth. Even in areas with less restrictions, housing is "more affordable", especially for middle-class Americans, but rent prices still greatly outpace wag increases. Broseph_Stalin posted... And we do! All thanks to productivity gains and technological innovation. In the 70s there was a mass panic over how we would feed the Earth's skyrocketing population. Yet today we worry about obesity, not famine. https://www.sos-usa.org/about-us/where-we-work/africa/hunger-in-africa https://www.gatesnotes.com/Development/Why-Does-Hunger-Still-Exist-Africas-Table-Day-One "Theres no vaccine to prevent stunting. Proper nutrition involves eating enough food, and the right kinds, every day of your life." Africa is still starving. Even in America, food deserts exist which is partially why there is such an obesity problem. Walmarts and Dollar Stores have destroyed fresh food in many suburban areas. Broseph_Stalin posted... Not true, wages all across the world have risen well above inflation. You're way better off than people who lived decades ago. Is that true? https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://fas.org/sgp/crs/misc/R45090.pdf Seems to be the case only for top earners. Broseph_Stalin posted... The profit you would earn from selling a hot dog to people not willing to pay $20 would be one reason. In fact, selling more units at a lower cost is objectively more profitable than selling less at a higher price. Hot dog costs $.50 to make. Better to sell 20 for $1 or 1 for $20? 5 for $20? Demand is only so flexible. This is 101 level. Broseph_Stalin posted... As the average person becomes richer, it's easier for them to start investing. Which is why more people invest now. Are you even trying? --- "You're sorely underestimating the power of nostalgia goggles." - adjl http://www.smbc-comics.com/comics/20110218.gif <cite>ChocoboMog123 posted [p:934475748] in Why is soc... [t:78410934]...</cite> <quote>Broseph_Stalin posted... </cite> <quote> We actually have a massive housing shortage in the US because local governments are purposely restricting the supply of new housing. https://i.imgur.com/xeQ4NTI.png</quote>Man, what is with that huge drop right along the mid 2000's? What happened? Edit: Yes, it's absolutely true that there's an artificial housing shortage caused by building restrictions, especially in low income areas. Still, houses are sitting empty, sold as vacation homes for foreigners finding new wealth. Even in areas with less restrictions, housing is "more affordable", especially for middle-class Americans, but rent prices still greatly outpace wag increases. Broseph_Stalin posted... </cite> <quote> And we do! All thanks to productivity gains and technological innovation. In the 70s there was a mass panic over how we would feed the Earth's skyrocketing population. Yet today we worry about obesity, not famine.</quote>https://www.sos-usa.org/about-us/where-we-work/africa/hunger-in-africa https://www.gatesnotes.com/Development/Why-Does-Hunger-Still-Exist-Africas-Table-Day-One "Theres no vaccine to prevent stunting. Proper nutrition involves eating enough food, and the right kinds, every day of your life." Africa is still starving. Even in America, food deserts exist which is partially why there is such an obesity problem. Walmarts and Dollar Stores have destroyed fresh food in many suburban areas. Broseph_Stalin posted... </cite> <quote> Not true, wages all across the world have risen well above inflation. You're way better off than people who lived decades ago.</quote>Is that true? https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://fas.org/sgp/crs/misc/R45090.pdf Seems to be the case only for top earners. Broseph_Stalin posted... </cite> <quote> The profit you would earn from selling a hot dog to people not willing to pay $20 would be one reason. In fact, selling more units at a lower cost is objectively more profitable than selling less at a higher price.</quote>Hot dog costs $.50 to make. Better to sell 20 for $1 or 1 for $20? 5 for $20? Demand is only so flexible. This is 101 level. Broseph_Stalin posted... </cite> <quote>As the average person becomes richer, it's easier for them to start investing. Which is why more people invest now.</quote>Are you even trying? --- "You're sorely underestimating the power of nostalgia goggles." - adjl http://www.smbc-comics.com/comics/20110218.gif</quote> ... Copied to Clipboard!
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