I hate how true this is.

There was a post a few days past about someone watching the movie with his dad and his dad just says he'd shoot Mr. Potter.

OP then asked his dad, "so you're okay with shooting the CEO now?"

Dad shut up about it after that.

Conservatives like to believe that they are the heroes of the story. Where they are the paragons of virtue but in reality, they want to control and oppress people. That's it.

You know it's a movie right? It's not real life

WAAAAAY more 5k back then was buy a house money. 5k back in the setting of the movie 1912-1934ish? Was ≈260 ounces of gold. So today that is $680,000 today which is definitely enough to afford a nice house.

We are given inflstiin stats using consumer price index as the main metric of measure but CPI is beyond inadequate primarily because it does not account for the devaluation of a currency due to the increase in circulating currency supply.

For 172 years the price of gold stayed constant only changing when fdr made it illegal to hoard more than a certain amount of gold, bought back all the gold, built fort knox to store it in and then after they were certain they had a majority of the support in the usa they revalued it from $19 to $35 so for the first 172 years after the Usa implemented a standard currency (the us dollar) gold only fluctuated ≈80% but since nixon ended the gold standard in 1971 the price of gold has ballooned 7500% to $2650 last time i checked. And this all corresponded perfectly with the amount of money printed into supply. After nixon pulled out of the bretton woods agreement in 8 years the price of gold had increased 2000% just under $800 and within a year of that spike the us printed the first trillion into circulation now we print one trillion every 3-4 months.

I could elaborate on why the value of money is intrinsically tied to the price of gold but it is an argument i make regularly and ill wait till the choir of people who trust the criminals of wall street who's business model is committing fraud, exploiting the poor and robbing the working class chimes in

But $5000 today is less than 1% of the gold $5000 was 90 years ago but despite that its still an impossible amount for most people to accumulate.

Lucky you?

https://www.cnbc.com/2024/11/19/bank-of-america-nearly-half-of-americans-live-paycheck-to-paycheck.html

Wow that's amazing, billionaires must totally think you're one of them.

I put that much every month into my savings account.

See how stupid this contest is?

12k a year - gets really depressing when you realize how many years it takes to buy a house, and in America how many years a small medical event costs you.

IKR? It's not hard. Whoever posted this without accounting for the inflation since 1950 really just told everyone he has no try in him.

The number of people on lemmy who are apparently dirt poor and don’t comprehend money or the economy is ridiculous.

Anything short of declaring yourself a homeless disabled pensioner eating rats to survive will get hostile responses around here, and even then someone would claim rats are a luxury.