When can we stop giving in to people’s wants and desires?
Are folks unemployed because they truly can’t find work or because they can’t find work doing exactly what they feel like doing?
There are 50+ jobs with a severe shortage of folks willing to do the work for $30+ per hr.
Work is hard.
Our physical world needs people to move, clean, maintain, build, sell things.
Sitting around all day doing fun things doesn’t contribute to society.
We’re soft!
The only answer I can think of:
Open the borders and let immigrants come in, do the work, pay taxes, and pay to live.
Americans are not willing to do what is required any longer.
Uneducated tradesmen are now making 3x what our $200k in debt liberal arts grads are making.
Construction and service costs are going up 30% a year.
How long is this going to happen? How many more marketing jobs can be created for our youth who have no idea what labor is?
Another big giant problem for the Americans:
The work from home movement is outsourcing the jobs behind a desk or at a computer to the Philippines because it turns out work ethic applies to remote work too.
Cheaper, more efficient, and with less drama!
We’re in trouble.
We’ve got too many coders.
The curve is about to roll in the other direction my friends.
I’m sending my boys to trade school.
Okay okay maybe we need more coders.
But shut down the damn liberal arts schools sending kids out with insurmountable debt and no job prospects.
Wake up!
The plumber fixing the toilet at the law firm is making more per hr than the associates!
If you don’t see this happening you are living in a utopian land of denial.
Do you own a home or any part of our physical world that needs maintained?
When is the last time you called a contractor?
Did they answer your call? How long was the wait to get on the schedule?
And if you own a company trying to do these things (which I recommend as a low risk way to build serious wealth) I have two words that will make your life 10x easier:
Learn Spanish.
I grew up with a weed eater in my hands and a small business that put $40k in my pocket by the time I graduated high school.
Kids today grow up with a video game controller in their hands and spend their 20s lobbying for student loan forgiveness and UBI.
DMs are 1/2 calling me a privileged jerk and 1/2 this.
A thread on how real estate investors, developers and operators can make millions a year and pay almost nothing in TAXES by using depreciation, bonus depreciation, and 1031 exchanges.
How it works: 👇
Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income. Generally over a 27.5 (residential) or 39 (commercial) yr time frame. So each year you can write off 2-3.6% of the purchase price against your income.
Thats a big deal. We're buying a new property, a $3MM self storage facility. Thats a $60k a year write off against about $260k in NOI and 200k in cashflow on a $3MM deal.