alt Hacker News> I imagine they understand exactly what’s going on.
Maybe they are counting on taxpayers to bail them out if they crater in a 2008-scale failure.
> I imagine they understand exactly what’s going on.
Maybe they are counting on taxpayers to bail them out if they crater in a 2008-scale failure.
That bailout was unpopular in 2008.
That was with a US government that was significantly less indebted than it is now, both in real terms and as a percentage of annual GDP. The crude birth rate is about 30% lower than it was in 2007. The generation that was coming of age at the time is the first in American history to have a lower quality of living than their parents.
IMHO, unless there is some massive geographic and societal divider that stands between the likes of Sam, Dario, et al. and the rest of the country at the time of any sort of collapse, they'd be far, far better off just taking the losses and not bothering American society again. It won't be pretty if they come asking for a handout.