iphone 6 still sells for like $200

i kno cause i just sold mine

350 million people in the US and 266 million have smart phones that cost up to $1000

@Deleted User MS analysts predict that like the pound's value will be the same as USD if there's a no deal Brexit

“Cost up to”

uk falling apart after brexit is the new paranoid lefty thing

our government is so stupid honestly politics is just lies and false promises

350 million in US?

like when russia trump impeachment was guaranteed

Again that’s just one item though. We haven’t talked about vapes and cigarettes

Or going to see the marvel movies in theaters

Or going to the club

I’m just saying tho...

No but you said 350 million in US...

The population?

Is it not that?

Oh...

nvm

I get it

Whoops

My bad I probably mistyped

"Up to" is a wide range.

True

That's like saying a lot of Americans have computers or PCs up to 5k.

But again where people save on their smart phones they tend to spend elsewhere

Movies

Disney land

Carnivals

We must eradicate the mindset that all people who make minimum wage vape and do drugs and stuff

Jordan shoes that cost $300 a pair

People that gamble in Vegas

And I really doubt that many people making minimum wage go to Disneyland (except maybe the people who work at Disneyland for minimum wage)

Again, why would anyone go to the middle of the desert when they have work (and often children)

I’m trying to make examples lol

These examples are rare cases tho

There’s so much entertainment in the US

That it’s everywhere

Compared to HK

It’s crazy

But I really doubt that you could spend $7.25 and live a good life with 1 or 2 dependents

But also

theres going to be people at the bottom and the top

https://www.youtube.com/watch?v=-a0k68ZJEQU

its still the best system we've come up with

Most people that live on low wages also spend their money on medical bills, child support, and college

But the people at the bottom should have basic necessities

capitalism provides the most opportunities

so overall people live better

and there are opportunities for people to come out of poverty

Yes you can have the basic if you live the basic life

Most is not all. How about the people who live in the inner city and have terrible schools?

GG @Fane, you just advanced to level 3!

That's not opportunity!

Look at omish people

They make nothing and live perfectly fine

they could still work hard enough to get grades and go to college

that IS opportunity

the fact they are given schooling at all

that is certainly not a give-in historically nor now globally

Their schooling is practically non-existent

Brb

It’s late

Early

Idk

They have not enough books, outdated books, not many arts or language or music programs, etc.

K

doesnt matter

Y not?

they just need to get through it with grades and then they can get accepted to college

and enter the middle class

If they don't have the education, how are they gonna take part in extracurriculars or idk get a good score on the SATs/ACTs?

you dont need brilliant grades to get into trades school

If schools don't have extracurriculars, they can't do them

im not talking about harvard

the opportunity to pull themselves out of poverty

like i said initially

is there

Well why is that only the rich get to go to Harvard?

Tell me then. Why do you believe education should be limited?

this isnt a discussion about corruption

of course theres corruption in the system

its that capitalism provides people the opporutnity to enter the middle class with relatively minimal effort

public schooling -> trades school

and youre making more than average salary and in the 1% globally

The best education is supposed to be for the best students, not the richest students

If there is corruption, then why don't we try to eradicate it?

It'll take time and effort, but it's not impossible

thats not what we're talking about but i guess the discussion is over

K

>why dont we try to eradicate something that is difficult to diagnose in the first place

<:Pepega:522627101845880852>

lets just call it a day and redefine corruption to something we can turn into 0%

just another utopian idea

bad

https://71republic.com/2019/07/25/does-youtube-copyright-policy-hurt-creators/

Fuck YouTube

I predict we'll see another recession anywhere from tomorrow to 2020 Q4

@Shockwave I disagree. I'd say between it'd happen in the 2021 fiscal year. The US economy is not regressing. I haven't paid attention to recent manufacturing or unemployment data since around last quarter or so, but from the looks of the stock market, the US is headed into another peak which ends in a correction. After that, I might agree that a stagnation could take hold however I doubt the economy will suddenly go into a tailspin (unless some far-left person wins the Presidency).

Mortgage Rates are at a 3 year low, the Fed is about the lower the interest rates, and finally the yield curve has exceeded a Quarter as of June 30th, 2019.

@Fane the last 7+ times the yield curve inverted like this for a quarter or longer there was a recession on average 12 months afterwards. Last time it was 24 months