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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago

US Homelessness Hits Historic Levels As 653,000 Americans Are Now Homeless Despite Stock Market Reaching All-Time Highs

finance.yahoo.com

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US Homelessness Hits Historic Levels As 653,000 Americans Are Now Homeless Despite Stock Market Reaching All-Time Highs

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago
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The United States is facing a historic homelessness crisis, with figures reaching alarming heights. A recent report from Harvard’s Joint Center for Housing Studies reveals that in January of last year, approximately 653,000 Americans reported being homeless in 2023. This figure represents a 12% increase from the previous year, marking the largest single-year surge ever recorded. The report highlights a 48% increase in homelessness compared to 2015, as reported by the Daily Wire. Many have been s
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  • moody
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    1 year ago

    What the fuck does the stock market’s performance have to do with homelessness? Like number goes up and magically poor people are suddenly not poor?

    • LibertyLizard@slrpnk.net
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      1 year ago

      The point is that society as a whole is more wealthy than ever but we supposedly “can’t afford” to house the poor. Pointing out that such claims are disingenuous.

    • queermunist she/her@lemmy.ml
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      1 year ago

      Other way around. The money line goes up because people are poor.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      1 year ago

      You’ll find out if you bother reading other replies in this very thread.

  • WarmSoda@lemm.ee
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    1 year ago

    I could be wrong, but I imagine people struggling to keep a roof over thier head and living on the street don’t spend time giving a rats ass about the stock market.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      1 year ago

      Stock market is going up as a result of increased worker exploitation which is what’s leading people not being able to make ends meet. Other things that make the market go up, such as shares buybacks while doing mass layoffs, are also feeding into the problem.

      • CableMonster@lemmy.ml
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        1 year ago

        Do you guys ever think that governemnt policy is responsible for things like this happening?

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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          1 year ago

          Do you ever think that the government represents the interests of the ruling capital owning class and passes policy accordingly?

          What do our findings say about democracy in America? They certainly constitute troubling news for advocates of “populistic” democracy, who want governments to respond primarily or exclusively to the policy preferences of their citizens. In the United States, our findings indicate, the majority does not rule—at least not in the causal sense of actually determining policy outcomes. When a majority of citizens disagrees with economic elites or with organized interests, they generally lose. Moreover, because of the strong status quo bias built into the U.S. political system, even when fairly large majorities of Americans favor policy change, they generally do not get it.

          • CableMonster@lemmy.ml
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            1 year ago

            But what you probably advocate for would centralize more power in the government that is controlled by the powerful.

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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              1 year ago

              Talking about centralization of power with the government shows profound misunderstanding of the underlying problem which is who controls the government and which class interests the government represents. Centralization of the government has absolutely nothing to do with that. What you’re describing is literally the way current US system functions.

              • CableMonster@lemmy.ml
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                1 year ago

                You are just going to trade one master for another. Its like the one ring, it cant be properly controlled, it has to be destroyed.

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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                  1 year ago

                  That’s an ignorant statement because we have existing socialist states and we can see that they function very differently from capitalist ones. Meanwhile, nobody has shown a functioning alternative to having a state. Anarchists keep rejecting practical and tangible improvements to everyone’s lives while chasing dreams they have no means of realizing.

  • hotspur@lemmy.ml
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    1 year ago

    Despite? How about: “because”

  • JoMama@lemm.ee
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    1 year ago

    I’m sure we all understand the idea of directly proportional.

  • PeepinGoodArgs@reddthat.com
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    5 months ago

    deleted by creator

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      It’s literally a case of cause and effect. The more the capital owning class is able to exploit the working class the higher their profits are.

  • PowerCrazy@lemmy.ml
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    1 year ago

    “‘Despite’ Stocket Market Reaching All-Time Highs,” methinks these are two related events especially considering that residential holding companies like Blackrock, Prologis, American Tower Company, and who knows how many other’s are a large part of “the stock market.” Also consider that Berkshire Hathaway is a major owner of Trailer Park homes like Clayton.
    It’s absolutely criminal that the concept of homeless and “the stock market” are portrayed as competing forces.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      Indeed, it’s pretty obvious that stock markets going up is a direct result of increased exploitation of the working class.

  • LocoOhNo@lemmus.org
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    1 year ago

    There are ~10k homeless people in Daytona Beach, Florida. The city built a shelter but it’s about 8 miles from where the homeless are “existing,” but to get there, they have to walk past the Speedway, which gets them either arrested or taken back to where they were. And on top of that, the shelter only has 45 rooms.

    Who would walk 8 miles, risking an arrest record (which only makes it harder to rent even if they could afford rent there) just to find out that there was no room for them when they got there?

    There’s nothing around the shelter except the county jail and a few bail bonds places. There’s no incentive to help these people and the county has done a piss poor job of addressing the skyrocketing cost of living that is the impetus of homelessness to begin with.

    They could use the money from bike week to fund a shelter or, at very least, a soup kitchen, but instead, they just give that money to the city commissioner that oversees the area around the Speedway which is, coincidentally, the district of the Mayor’s sister.

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