How Wall Street Priced You Out of a Home - Robert Reich

[Rhiannon12866]

Rent is skyrocketing and home buying is out of reach for millions. One big reason why? Wall Street. Let me explain. - 05/07/2024.

[Irish_Dem]

1. Wall Street priced us out of medical care, medication, food, housing, education, etc.

The richest nation in the history of the world and people struggle to pay for the basics.

[Rhiannon12866]

2. So much for being the most advanced democracy in the world.

[Irish_Dem]

5. The US has been an oligarchy for some time.

Rule by the rich and powerful.

[Rhiannon12866]

6. President Biden is working on it, that's one of a thousand reasons he needs another four years

Of course we all know the main one...

[Irish_Dem]

7. Yes the GOP sets it all up when in power.

Then the Dems have to try to give the people some rights and a break from the corporate greed.

[2naSalit]

8. There have only been...

A couple - few decades when it was not ruled by the wealthy and that was during the last century.

[Irish_Dem]

10. FDR era is a good example.

And I think Eisenhower as well, of course not to the same extent.
But the middle class came into it's own then.

[2naSalit]

11. And the plot to...

Reverse all that began right about then if not during FDR's terms.

[Irish_Dem]

12. Yes the wealthy were horrified that FDR worked for the people, not them.

They vowed to get a tighter grip on the power structure.
And they did.

Even Eisenhower was worried about it and warned us about the military industrial complex.
But he was really talking about all corporate control over the people.

[2naSalit]

13. Yup...

That's it in a nutshell.

Time to eat the rich.

[Irish_Dem]

14. Yes.

At some point, We The People need to come to power.

[no_hypocrisy]

3. I sold my childhood home last year.

Before, during, and after the sale, I was constantly solicited to sell. Mail, phone, texts, e-mails.

I didn't look at the numbers and I didn't respond to any of them.

I stuck with my realtor and sold it to a young couple, looking to start a family.

I already knew about Wall Street gobbling up properties.

[Rhiannon12866]

4. Good for you! My home isn't for sale, but we still get realtor's flyers in the mailbox all the time.

[2naSalit]

9. I keep getting that rubbish...

In my mailbox, I live in/RENT an NGO owned structure on land grant property. But I get those things every week.

[Timeflyer]

15. Robert R.is an excellent teacher--and cartoonist (who knew?)! Thanks for posting!