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#wealth

11 posts10 participants1 post today

Generational wealth essential for homebuyers in Canada. Seven in 10 recent home buyers say they could not have purchased their home without relying on family gifts, loans and other outside help, a recent Mortgage Professionals Canada survey found. “Down payment assistance is no longer a backup plan — it's a requirement for many Canadians hoping to buy,” said Lauren van den Berg, president and CEO of Mortgage Professionals Canada #housing #wealth #canada toronto.citynews.ca/2025/07/17

CityNews Toronto · Help with down payment now essential for many homebuyers: surveyTORONTO — A new survey says financial help with a down payment is now essential for many homebuyers. Seven in 10 recent homebuyers say they could not have purchased their home without relying on family gifts, loans and other outside help, a Mortgage Professionals Canada survey published Thursday, found. “Down payment assistance is no longer […]

A quotation from Eric Hoffer

   The real “haves” are they who can acquire freedom, self-confidence, and even riches without depriving others of them. They acquire all of these by developing and applying their potentialities.
   On the other hand, the real “have nots” are those who cannot have aught except by depriving others of it. They can feel free only by diminishing the freedom of others, self-confident by spreading fear and dependence among others, and rich by making others poor.

Eric Hoffer (1902-1983) American writer, philosopher, longshoreman
Passionate State of Mind, Aphorism 115 (1955)

Sourcing, notes: wist.info/hoffer-eric/24752/

Continued thread

"The Trumpist model of federal #government is that it’s there to streamline #corruption for wealthy leaders...

The point of #FEMA is that the vast majority of #Americans don’t have the independent #wealth that allows them to rebuild after a disaster with ease. But in the eyes of #Trump and #Noem, those who are not wealthy — like many of the victims in #Texas — should be on their own if they can’t pay their way out of trouble."
salon.com/2025/07/14/why-krist

Salon.com · Why Kristi Noem hates FEMANo, Trump has not given up on the conspiracist mania to kill the popular agency

AI is a rich "educated" people thing clearly.

I blocked the #tescreal leader Timnit Gebru, I am fed up with haters, so fed up..
"white male this, white male that"...

I am a "white male" so what? It goes both ways or none. #fairness
I think Timnit Gebru is from a wealthy background, and after following her for a while, she is not representing fairness to me. #biais
I don't stand a chance in the AI world against anyone like her, white or black. #wealth

An EU economist said: The US doesn't have a spending problem, it has a revenue problem.

So we looked around.

Source: Snopes
Your periodic reminder that, as of 2023, 735 U.S. billionaires hold more wealth ($0.4 trillion more) than the bottom 50% of American households.

Statista et. al.
The bottom 50% own 2.4% of the wealth of the United States (2024).

More good bad numbers: aspeninstitute.org/blog-posts/

Aspen Institute · Charts that Explain Wealth Inequality in the United StatesIt is clear that the benefits of economic growth are not enjoyed by all.
Continued thread

"#Money is the problem. Not too little, but too much. Where there's #wealth, there's a natural #human desire to make more #wealth. Ever since #Firefox 1.0 in 2004, Firefox has never had to compete. It's been attached like a #mosquito to an #artery to the #Google #cash #firehose. #TheRegister noted it in 2007, and it made more the next year. We were dubious when Firefox turned #five."
"And as for that #money — remember back in 2018? That's when #Google dropped "Don't be evil" as its #motto."
"#Mozilla's #leadership is #directionless and #flailing because it's never had to do, or be, anything else. It's never needed to know how to make a #profit, because it never had to make a #profit. It's no wonder it has no real #direction or #vision or clue: it never needed them. It's role-playing being a #business."
"Like we said, don't #blame the #app. You're still #better off with Firefox or a fork such as #Waterfox. #Chrome even #snoops on you when in #incognito mode, and as we #warned you, Google removed the APIs #adblocker #extensions used. You still get better #adblocking in #Firefox."