I just unfollowed Denning. Here's my thoughts on what will destroy you financially, from an American's perspective:
* A ruling class that has gutted unions, destroying the ability of people to have decent-paying secure jobs with pensions, not shares in a gambling den
* A corporatocracy that moved jobs to the union-free American South to save money, and when that wasn't enough, shipped the jobs overseas to be done by dirt poor powerless Third World citizens—and as an added "benefit", put Americans at the mercy of global supply chains for medicine and PPEs
* An amoral political party seeking to relieve employers post-lockdown from any liability for workers getting infected and sick, meaning that they are forced to return to work or lose MEAGER unemployment benefits
* A hedge-fund, vulture-capital driven culture that focuses on short-term profit and share prices to the exclusion of every other value, leading to buying up businesses, stripping them of assets, and discarding the carcasses—along with the jobs.
Before the rise of Reaganism "greed is good" shareholder capitalism, you could save money and have it get, gasp, 6% interest. I know, I came of age during those years. Wages kept up with or even outpaced inflation, and workers weren't seen as "human capital stock" but members of a community of stakeholders, sharing in the success of industry. Marginal tax rates were much higher in the 50s and 60s and the entire country was prosperous, not just the 1%. The oligarchs in America have gutted the middle class. They want consumers, but not employees sharing in their success. Even Henry Ford saw the problem: people have to make enough money to buy your products.
In sum, Tim, you should have stopped and thought, multiple times, before publishing such an ill-informed article that shouts of your own unconscious privilege. Most Americans don't have money to "invest" in different asset classes. They don't need to have their noses rubbed in to your "superior" knowledge and advice, especially since 40 million have been thrown out of work in a country that doesn't believe in helping workers survive a crisis.
