Yeah, the difference is the Powerboost hybrid electric motor is only like 50 hp. I want 350 hp of electric motor that can be powered by either the battery or an onboard ICE.
I saw that too. If that’s their plan, I’m pretty bullish on Ford. All the advantages of an EV with a range extender. Like the Chevy Volt version of the F-150. I’d be all over that.
Same. In a Powerboost, pulling my 5000 pound boat 500 miles to north Idaho is super easy, with a single refuel. In a Lightning that would be a nightmare, recharging 4-5 times. In truth, I’m excited about Ford’s pivot. I think electric motors with a range extender would be fantastic. Like the Chevy Volt for pickups.
Who cares? If higher wealth inequality produces a higher standard of living for the majority (note, median not mean), I’m all for it. Policy should not be driven by envy.
You should care because people vote and the social consequences are going to be devastating.
It is easy for me to take this perspective too because I never had much student debt or children.
The median though is getting crushed if they went to college and are paying for daycare.
If you are getting crushed for going to school and having children that is a pretty clear breakdown of the social contract.
The consequences are obvious. People are going to vote in socialist policies and the whole engine is going to get thrown in reverse.
The "let them eat cake" strategy is never the smart strategy.
It is not obvious at all our system is even compatible with the internet. If the starting conditions are 1999, it would seem like the system is imploding. It is easy to pretend like everything is working out economically when we borrowed 30 trillion dollars during that time from the future.
> The median though is getting crushed if they went to college and are paying for daycare.
> If you are getting crushed for going to school and having children that is a pretty clear breakdown of the social contract.
That isn't a factor in wealth inequality. Inequality is how much money they have relative to people like Musk and Bezos - or just local business owners. The poor side of that comparison always has such little wealth/income that their circumstances don't really matter. Someone poor will be sitting in the +-$100k band and not be particularly creditworthy. When compared to a millionaire the gap is still going to be about a million dollars whether they're on the crushed or non-crushed side of the band.
Part of the reason the economic situation gets so bad is because people keep trying to shift the conversation to inequality instead of talking about what actually matters - living standards and opportunities. And convincing people to value accumulating capital, we're been playing this game for centuries, inter-generational savings could have had a real impact if people focused on being effective about it.
I don’t know about that. The poor from just about every other country in the world seem desperate to live in America. While American capitalism has many faults, oppressing the bottom quintile is not one of them. The US median income is consistently top ten globally.
Median income doesn't tell much if you don't factor in the cost of living. My salary sucks compared to what I would earn in America, but when I factor in things like free healthcare, daycare and higher level education, I'm better off here.
The US does a good job of selling the idea of living here and getting rich, though it does a better job of selling it to people who aren't already embedded in daily life in the US. While we have, perhaps, much lower numbers of extreme poverty compared to a lot of countries, as one of the richest countries, and growing richer by the day, we should have zero extreme poverty. The people with the will to fix our poverty lack the money and very few with money have no real desire to help the less fortunate.
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