{ "media_type": "text", "post_content": "Could the violence in Chile happen in America? Inequality of wealth, citizens burdened with medical, student, and consumer debt? Most americans have nothing in the savings and cannot afford rent or..", "post_id": "5daf0e96c97300001c350f3b", "reply_count": 13, "vote_count": 6, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Could the violence in Chile happen in America? Inequality of wealth, citizens burdened with medical, student, and consumer debt? Most americans have nothing in the savings and cannot afford rent or..

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Lack of savings and consumer debt in the US has little to do with capitalism and more to do with commercialism. Keeping up with the neighbors or buying an expensive depreciating asset like a car kills just as many home finances as student debt...and is 100% avoidable.

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What's your thoughts on healthcare?

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mortgages. I think someday, our Capitalism is unsustainable.

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While I think some of these things stem from businesses (not increasing wages to match true inflation, focus on 401 vs pension, healthcare costs sky rocketing) the no savings thing irks me. If you make a lot of money or a little you should save. It frustrates me to no end when I see Dr friends making 800K and spending every cent (not kidding, and have several examples) and then lower earning friends who spend their extra money on tattoos, guns, 4 wheelers. There are my friends who focus on experiences and travel incessantly and complain they have $0 yet they are off to Bulgaria because it’s “all the rage”. All complain no money yet it’s their own fault they don’t have enough sense to save. Some of it is cultural in that we are pushed (every commercial, movie, tv show) to buy things, live a certain lifestyle or have experiences. Just because people don’t understand You Don’t Get Rich by Spending It doesn’t mean we should riot. Chile has their own problems but Americans should not complain about certain things that they can control.

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Almost every poor person in this country has a smartphone and a tv. Most have a car. Most without mental disabilities or drug problems have shelter and food. It’s not really an apt comparison.

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Chile is quite developed. They are really protesting because middle class is shrinking. Something happening in America...

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Yea, it can happen anywhere. Probably why several wealthy are ok with the wealth tax

A2 people over here like to ignore that the middle class is shrinking.

You folks all realize that no one in this bowl is middle class right?

P3 you have no idea what everyone salaries are across the firm. Also, just because you consider yourself not a part of the middle class gives you reason not to be concerned about that economic class of people? Remember you can go to from the Penthouse to the shithouse quicker than you think.

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