Basically true, but consider the alternative. Given how expensive things are now, if you don’t live a very minimal lifestyle you are going to be much more trapped in your career than someone who does. You won’t be able to retire early, you won’t be able to switch to something lower paid but more enjoyable/laid back, you won’t have the means to take some time off to pursue your own business ideas or just dealing with life stuff.
If you’re dead set on living the “American Dream” or something and refuse to hold back on treating yourself with luxuries, you are going to end up being even more of a tool of your technofeudalist masters. Acknowledging that doesn’t mean turning a blind eye to what is happening, it’s just basic self preservation of your freedom.
The problem is that more and more the tiny house and so forth is no longer a choice, but a neccessity to survive. In places like Silicon Valley a normal job basicly forces you to either communte for hours every day or live in a tiny house just to survive. Looking at the rent increases and high home prices combined with high intrest rates, the cost of housing looks like it will grow in the coming years. That is not just a US problem, but the case in many parts of the developed world. In poorer countries it is a reality for even longer and for even more people.
That being said, if you have the choice, building up some wealth is certainly a good idea. With a bit of it and some good ideas, it becomes much easier to drop out a bit out of the capitalist hellscape and avoid the worst problems.
