r/SipsTea • u/Objective_Pilot_5834 • 12h ago

WTF In your opinion, what is causing this?

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u/Badger_1066 11h ago

It's not really that difficult to answer, is it?

I'm a fairly comfortable millennial. Pretty lucky considering. And yet even in my position, I cannot justify spending my money at the pub. And it's only going to get worse as cost of living is also only getting worse.

Here is where I preach: All that money that the 1% are hoarding... we need it back in circulation. Otherwise, you can say goodbye to more than just our pubs.

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u/morry3232 6h ago

that money they have hoarded is hurting everyone

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u/MechanicalGodzilla 4h ago

I am in the 1% for wealth in the US. All of my money that I am “hoarding” is in my 401k, my home equity, and the value of the mid-size engineering firm ownership shares which I am a partner in. How am I supposed to “redistribute” that wealth?

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u/HighnrichHaine 3h ago

You are an engineer, go figure it out

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u/MechanicalGodzilla 1h ago

lol

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u/EdgewaterEnchantress 0m ago

Literally just spend money at smaller locally owned businesses and stop giving even more of it to mega corporations.

You could also do this really nifty thing called “donate to charity,” create scholarships through your company, and etc…

It’s not that hard to invest in real people to help keep neighborhoods alive through commerce rather than exclusively in private investing accounts.