My wife and I were talking about this earlier. Boomers who managed to save cash were able to put that money into fixed income assets at incredibly high interest rates during the eighties. A 5 year CD in 1984 paid 12%, at renewal in 1989 it was, 9%, then 6.5% at the next renewal in 1994. In 1999 rates started their race to the bottom but stocks skyrocketed. So if you amassed cash in the eighties and nineties through fixed income, you had a great position to capitalize on the dot com boom, buy cheap during its crash, buy cheap real estate after the 2008 financial crash, capitalize on the market rebound, etc. All mostly for free because of timing.
Domino’s barely even puts sauce on the fucking pizza anymore. Fuck the economy.
“You will own nothing and you will be happy about it.” -1100 c.e. The Feudal System
You know your life has gone to shit when you have to finance a pizza.
But most importantly, whichever corporate honchos thought preying on the ultra-poor was a decent thing to do and authorized this scheme should know they’re worthless human beings.
As if advertisement wasn’t already the most insidious part of everyday life, now they’re also laughing at us and the capitalist hellscape they’ve put us in.
