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2 months ago | 0
The same issued occurred with African Americans during Jim Crow and how they restricted bussing and other means of transportation and housing to restrict minorities from accessing the same areas and services. This is not a new playbook at all, just rehashing what has worked on a larger scale.
2 months ago | 13
I'll remember this when I show up to work tomorrow. It won't do me any good, but I'll remember it.
2 months ago | 4
Overproduction of elites. It caused the Bronze Age collapse the fall of the Roman Empire and the French Revolution and more. It is an extremely predictable and reliable pattern in history. Too many upper class people are produced (asset class, non working, they make money by owning things). This class is 100% supported by the value the working class produces. Eventually it reaches a breaking point and the economy can’t sustain them. There are then 3 choices as the elites start to clash for their position. Face revolution, start wars to expand empire, or import cheep labor (ie. immigration, same as outsourcing, in the past was slaves, Rome became over dependent on slave labor). This leads to excessive speculation on assets as the accumulation of wealth becomes disassociated from the production of value (asset value grows faster than the actual economy). Eventually, the people start to rally behind populism. Then one of the elites then co ops this movement to usurp the ruling elites. This causes a civil war. It’s a cycle.
2 months ago | 2
We can pretend it's the middle class that are trying to keep out, but we all know they're actually trying to keep out a couple classes lower
2 months ago | 4
Even in a rural area, rent is $1500/month, and the investment groups that owns the properties want you making 3x the rent, which works out to upwards of $30/hour.
2 months ago | 1
Ask me about Hilton Head, SC. These resorts bus poor blacks from rural SC (about an hour away) to clean rooms and cook meals for rich people. You think poor rural blacks can afford to live on Hilton Head Island?
2 months ago (edited) | 3
I live in East Hampton. Not a millionaire lol. won’t be a homeowner anytime soon either. Even renting is worse than NYC.
2 months ago | 1
Me and my wife are both teachers. To an extent I don’t blame them. If you see how some of these families act and I had the power to do so. I most likely would too. Especially the lower class that have like 5 kids who do not behave and parents who cuss and are loud all the time. Stay away. When we go to the park or jump parks we drive about 30min to a town where it’s mostly upper class. Stark difference in clientele and more peaceful. I don’t see a problem with it too much
2 months ago | 7
Towns have been doing this since forever. My dad tells me about Bellevue (Seattle area) who, for years, did not allow sidewalks because they did not want "those people" walking around.
2 months ago | 0
By the time most people realize, all the billionaires will have escaped to their doomsday fortresses while the rest humanity is culled.
2 months ago | 0
In places like New York the ivory tower gatekeeping is baked into the municipalities themselves. Ridiculous taxation and silly border lines drawn seemingly at random to keep certain communities separate and apart despite being a few blocks from each other. God forbid middle class families have their kids intermingling with the wealthy elite.
2 months ago | 0
If you said no, you should look at San Francisco videos of their local council members voting to ok this stuff. They only care about the poor as long as it stays away from them.
2 months ago | 0
Essential folks who serve the community are priced out? Then stop providing essential services
2 months ago | 1
If this isn’t a clear sign that the boomers are the most entitled generation of our time, I don’t know what is anymore.
2 months ago | 0
I remember when they sent undocumented immigrants to the Hampton's because they were a "sanctuary city". They put them on a bus the next day because "they had no room for them" yet their hotels were sitting half full. The residents there are virtue signaling hypocrites who pretend to care, but only care about themselves.
2 months ago | 0
GEN
So here’s the thing about the Hamptons…
For decades, it was sold as an escape for America’s ultra-rich.
But now it’s become something else entirely: a place where billionaires rewrote the rules of housing, politics, and even who gets to live there.
Working families are priced out entirely. Teachers, nurses, and even police officers can’t afford to live in the communities they serve.
In this week’s newsletter, I broke down the playbook used by the ultra-wealthy in the Hamptons and why that same playbook is now spreading to wealthy enclaves across America.
Every week, I write about stories that don't make it to YouTube in my free newsletter. Get smarter about money and power in 5 minutes. Sign up here: www.themoneytrails.com/
Do you think America’s richest towns are being deliberately reshaped to keep the working class out?
2 months ago | [YT] | 73