Freedom is a subjective term, what do they mean?
this post was submitted on 24 Aug 2023
827 points (98.1% liked)
News
23376 readers
2130 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Freedom's just another word for nothing left to lose
The article is really bad and confusing, but the very first statistics says only 10% are living with their defined financial freedom. ~~It also doesn't appear to provide any sources for this data.~~
edit: They do have sources, I'm just blind.
Dog I've been lying flat since I figured out the world wasn't how I imagined it. I'm so stuck in my lack of freedom I'm like not even in the top 10 decision makers in my own life.
What is YOUR definition of financial freedom?
I'd define it working on whatever you want for a living.
I don't necessarily mean surfing and getting drunk every day, but just being able to make a living off something that you actually want to do.
I make enough to make ends meet and pay off my mortgage and then some, but I'm not financially secure enough to just quit from one day to the next or start a company myself to make the things that I think the world needs or that I find interesting.
I believe that there's a huge potential if people weren't bound to always have a job that pays the bills. Most people are limited to carrying out the ideas of a few people who have the means to live their dreams.
Universal basic income could solve this and realise that potential. And it only requires taxing of the richest or automation of the government services. If we did a little of each, we could actually have this.
My definition is:
Ability to pay all expenses, including things like sudden repairs, medical payments, job loss for up to 6 months, etc with minimal impact to quality of life.
Ability to partake in moderate luxuries such as travel, dining out, new phone/TV/etc every so often. Does not mean you have enough to always buy whatever you want, but have enough to have some extra enjoyment.
Ability to take care of 1-2 children including education, day care, medical, activities, etc
Just based on the healthcare component alone, I don't think it's feasible for Americans to be financially free until they hit the millions. Otherwise, if you ignore that aspect I'd say its around the mid level executive type of income or about ~$300-600k year depending on location. If it's just moderate financial stability, then it's maybe only $90-200k, but I don't think I'd call that level 'free'
load more comments
(1 replies)
Money makes money.
Feedback loop concentrates the money towards those with more money.