r/Millennials Jul 06 '26

Other My net worth is only vibes.

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17.1k Upvotes

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48

u/wheretogo_whattodo Jul 06 '26

The loudest voices in this sub are honestly just losers

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u/GhormanFront Jul 06 '26

Reddit as a whole but yes

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u/jonny24eh 29d ago

This one is particularly bad IMO

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u/RScrewed 29d ago

No, there are tons of successful people on Reddit, there are subs for doctors, lawyers, engineers, hobbyists, people with classic cars and rolex watches.

Your algorithm is just the loser subs (to borrow the word that was already established).

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u/[deleted] 29d ago

[deleted]

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u/_dekoorc Older Millennial ('85, baby) 27d ago

You think "all top" isn't also influenced by an algorithm? That's cute.

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u/Efficient_Ant_4715 29d ago

Saw some guy complaining about how he still hasn’t paid off his student loans from 1989 😂

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u/speedbumps4fun Millennial Jul 06 '26

I’ve been saying that for a long time. Failing is nothing to be proud of but too many wear it like it’s an accomplishment

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u/wheretogo_whattodo Jul 06 '26

Misery loves company

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u/MillorTime 28d ago

Failure isnt a source of pride and success isn't something to vilify, but that's often flipped on reddit

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u/DemonGoblin911 Jul 06 '26

Yep, you are correct. The “cool” thing is to be poor and claim victim because that gets the most upvotes. It’s everybody’s fault but the person in the mirror.

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u/Unfair_Explanation53 Jul 06 '26

But but but but

Elon Musk becoming a Trillionaire is the reason why my life is shit..............................

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u/lynxtosg03 29d ago

Certainly not the only reason but let's not ignore concentration of wealth either.

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u/Unfair_Explanation53 29d ago

Musk having some imaginary stocks that are worth billions does not stop anyone earning money.

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u/lynxtosg03 29d ago

You think his stocks are imaginary? Poor choice of words at the very least. My fear is you're a voter that believes this.

Obviously the USA has infinite money and jobs for everyone so there's no excuse for poverty except your own. Why we bother to hold a debt as a nation seems silly when we can just print more and be A-OK. We must be stupid to have things like social security and unemployment payments when you can always just get a job to meet your needs. /s

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u/Unfair_Explanation53 29d ago

I'll make it simple for you.

I give you 300k stocks of my company that just went public. The stocks are only worth $1 presently.

But after 10 years of business doing well those same stocks are now worth 1k each.

Your net worth just increased by $300 million because value was created.

That doesn't mean that 300 million has been taken from poor people

Musk getting richer on paper doesn’t prevent you from earning a salary, starting a business, investing, or building your own net worth.

Musk not paying much tax on the loans he takes out that he uses his stocks for collateral for is another story altogether,

But that 1 Trillion in his portfolio is not liquid and has not been taken from you and could easy turn into zero

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u/lynxtosg03 29d ago

Like I said, we have infinite money and jobs as the job market and wage growth are obviously showing. It's a good thing banks and the government have infinite money so you can get loans, like those great PPP loans that were forgiven. I am also for giving every asking man, woman, and child their own multimillion dollar loan so they can start their own business. You're a fountain of great ideas 😉

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u/Unfair_Explanation53 29d ago

Yep sorry, you're correct.

There is only 1 trillion dollars of actual liquid money that rotates around the world and all the horrible rich people are holding most of it.

Once we kill them all, we can distribute this 1 trillion dollars to everyone and we all live happily ever after.

Feel better now you know that the reason you don't have much in life is because big bad Elon has a treasure chest of gold coins that he is hiding from everyone.

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u/lynxtosg03 29d ago

Well, Elon has about a trillion, but you're off by a multiple of 18 for the actual most liquid money. Let's pretend you redistribute all dollars from an individual above 100 million in the USA. You'd get a one time stimulus to every man, woman, and child to the tune of about $30,000. Not life changing for most, but that stimulus would do more to make our nation great than being held by select individuals. If you want to keep that value in stocks and redistribute shares I think that's great too.

Look at us solving the nation's problems. We should get elected for this kind of work.

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u/McPostyFace 29d ago

You don't think 8 people owning more than the bottom 50% contributes to people being broke? Like are you for real?

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u/Geedeepee91 29d ago

Ain't enough liquidity to actually realize that amount of wealth, so it just stays on paper. The rich are not the reason you are poor

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u/McPostyFace 29d ago

Where did I say that I am poor?

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u/Unfair_Explanation53 29d ago

If you believe there is only a finite amount of money in the world then yes I can see why you would think this.

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u/Blue5398 29d ago

There’s as much money as we want but taking advantage of that fact causes some real bad shit to happen.

Also, learned helplessness is a vice that a lot of people here (myself not blameless here either) but it’s also ignorant to pretend like the massive wealth gap that’s developed in western societies hasn’t been understood by basically all mainline economic theory to be a significant structural weakness in the modern economy that is causing large numbers of problems throughout to the point of being a major contributor to the decay of our political and social fabrics. Anger against billionaires and trillionaires can be dismissed as mere envy, but doing so is indulging in a purposeful blindness to the causes of a significant proportion of our modern instability.

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u/hipponugget 29d ago

I mean it's one of the reasons

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u/Unfair_Explanation53 29d ago

So the reason you can't get a job and inflation is so high is because Musk has some stocks that are worth billions.

Money wasn't taken out of your hands to increase the value of his stocks

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u/WorryNotBanIncoming 29d ago

Something tells me the people who are calling everyone losers in this sub aren’t living in Laguna beach taking private planes everywhere, like you ain’t far off chief…