[HN Gopher] 30 Days, 9 Cities, 1 Question: Where Did American Pr...
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30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
Author : rcardo11
Score : 18 points
Date : 2025-11-14 21:56 UTC (1 hours ago)
(HTM) web link (kyla.substack.com)
(TXT) w3m dump (kyla.substack.com)
| PaulHoule wrote:
| I like the idea of visible vs invisible here. It approaches what
| I think is one of the biggest issues of the day which is "Why do
| so many people think that the economy sucks when the official
| statistics don't look _too_ bad? "
| quantummagic wrote:
| Ignoring how easy it is for statistics to be misleading, let
| alone outright lies, the official statistics are rather mute on
| the topic of economic distribution. It doesn't matter how well
| an economy is doing, if the majority of wealth is accruing to a
| small minority.
| TylerE wrote:
| The word you are looking for is _moot_. Twitch.
| meatmanek wrote:
| no, mute is the right word here, in the sense of "silent".
| TylerE wrote:
| Trump has literally shut down many of the agencies responbible
| for making the reports.
|
| We live in a banana republic.
|
| https://www.pbs.org/newshour/politics/trump-seeks-to-fire-bu...
|
| https://www.science.org/content/article/republican-push-make...
|
| https://www.cbpp.org/research/poverty-and-inequality/federal...
|
| https://www.voanews.com/a/trump-administration-disbands-2-ex...
|
| https://www.brookings.edu/articles/the-us-government-data-pu...
| reactordev wrote:
| Two words: "subscription fees"
|
| It's the silent suck on the wallets that get you. Everyone
| budgets for food, shelter, but very little attention is paid to
| the dailies, the subs, the fees, the lattes.
| jmclnx wrote:
| To the billionairs via income inequality.
|
| When I was young, you could live off the wage you made in retail.
|
| I had uncles who worked in retail and where able to buy a nice
| house and raise a family. Now, you need snap to live if working
| retail. Buying a home, out of the question.
|
| We need to go back to the tax rate we had in tge 1950s and force
| companies to pay a living wage as they did back then
| delichon wrote:
| I'm sending IP packets to you from a computer I bought from one
| billionaire, built by another billionaire, with an operating
| system made by another billionaire, over satellites built by
| yet another billionaire, on a web forum written by another
| billionaire. The market is not a zero sum game.
| chasd00 wrote:
| This US is a big place, I don't think it's accurate to start an
| article with "traveling accross America" when you only drove
| around the DC area, one part of Maryland, NYC, and small part of
| South FL.
| andsoitis wrote:
| ... and then compare to two cities in different European
| countries and think THEY are representative. There are many
| cities in Europe I can name that feel terribly dilapidated.
|
| I think the article has the nugget of some good ideas and would
| love to hear them explored a little more rigorously and with
| more critical thinking.
| samdoesnothing wrote:
| It's inflation. The hidden tax that's perpetually underreported
| by governments and acts as a massive transfer of wealth to the
| property class.
| treis wrote:
| It's hard to put thoughts into the right words but the world she
| wants exists. They're not writing for substack or flying around
| to conferences. They're out there living their lives without
| being so unrelentingly negative.
|
| I dunno I just see so much cool shit in the world today. I see
| Waymo cars driving themselves around. LLMs are still wildly
| revolutionary. My TV is the tits. There's so much good happening
| but there's this massive undercurrent of negativity that's hard
| to reconcile.
| dboreham wrote:
| To vampire squids.
| SimianSci wrote:
| "America's problem isn't that we lack wealth - we have enormous
| wealth - it's that we've made our wealth invisible while letting
| everything visible decay in a way. We've inverted the formula."
|
| In a way, I see this as our unwillingness to invest back into
| society. It very much is the fault of our wealthiest who have
| alienated themselves from anything resembling the everyday people
| and created themselves walled off enclaves where they no longer
| need to face the degredation. Wealth isnt visible anymore because
| its being hoarded, walled off, and turned into bits that can be
| easily moved from one place to another, allowing them to invest
| it only in the things they care about. I promise you, any time
| spent around the wealthy will show you their worlds are not
| decaying, its just that you dont get to live in it yourself.
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