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Old 07-31-2017, 07:13 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,444 posts, read 50,699,085 times
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Quote:
Originally Posted by freemkt View Post
What opportunity is opened up for an old retired person with no assets and no discretionary income?
The rising tide means sufficient tax revenue coming in to maintain the social security payments, and for the retiree homeowner, increased value to help pay for assisted living when they eventually sell.

 
Old 07-31-2017, 08:05 AM
 
Location: Philadelphia/South Jersey area
2,296 posts, read 1,045,487 times
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Quote:
Originally Posted by freemkt View Post
Please explain. How does a rising economic tide lift the boats of, say, burger flippers or retired rent serfs living on Social Security?
So remember it's a metaphor and like all metaphors there are other variables at work. but for the burger flipper, if the economy is good, more people go out to eat, more revenue for the fast food joint means possibly quicker raises for the burger flipper.

Social security is a bit trickier as it's tied to inflation but also most folks living on social security are on a fixed income so they don't have a "boat" per se.
 
Old 07-31-2017, 08:57 AM
 
4,229 posts, read 1,910,681 times
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It would be more accurate to note either that a rising tide lifts most boats, or that a rising tie lifts more boats than a falling tide. You would always however need to add the proviso that there are no tides at all that can ever lift freemkt's boat. We have his word on that.
 
Old 07-31-2017, 09:32 AM
 
Location: Florida
4,396 posts, read 2,439,662 times
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Burger flipping jobs are like underwear, you need to change them periodically. You should immediately be thinking of a better job the day you start flipping.
 
Old 07-31-2017, 09:47 AM
 
2,253 posts, read 1,396,923 times
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Quote:
Originally Posted by freemkt View Post
Those boats don't count?
The saying doesn't actually mean every single person. For example, what can a good preforming economy do to help a compulsive shopper or gambler? Or someone who posts on forums complaining all day without putting any meaningful effort to control their situation?

And I'm not sure why you think an old person,who had a lifetime to earn high incomes and acquire income producing or regular assets, should some how be entitled to a rising boat now....fir no rational reason at all.
 
Old 07-31-2017, 09:52 AM
 
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I'll give you an example. Before the mortgage meltdown, my city had the second-lowest employment rate in the country. It was in the low 2% range. The McDonalds down the street was hiring counter help for $12.50 an hour. Cashiers at the convenience store were being hired for $27,500 and healthcare.
 
Old 07-31-2017, 10:18 AM
 
564 posts, read 261,729 times
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Quote:
Originally Posted by freemkt View Post
Those boats don't count?
Truthfully? No. Not much. Burger flipping was never intended to provide a "living wage.". It's a kid's job, not a replacement for lost manufacturing jobs that once allowed people who didn't take education seriously to still earn a decent living. Fortunately for the elderly, fewer kids want those jobs

It's a shame so many elderly folks must survive on SS. But just as with the flipper pay, it wasn't intended to provide a living income but to supplement savings, to over simplify.

In my humble opinion government could best help by taking the profit out of poverty. Charity should be left to churches and charitable organizations. Exceptions for the damaged veterans and truly handicapped. It's disgusting, the amount of tax dollars spent buying votes with welfare for perfectly healthy people, leaving so little for those who truly need it.
 
Old 07-31-2017, 10:31 AM
 
2,253 posts, read 1,396,923 times
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Quote:
Originally Posted by freemkt View Post
So then you acknowledge that it is more accurate to say "A rising tide lifts all RENTS"?
Rents adjust to market conditions. It's not rocket science.

If you want to live in a world class city, that draws the best from around the country and around the world, you need to be the best to live there. People with money will drive up rents in the desireable places.

If you want lower rents go move to a dying area or town. They're all over the rust belt. The problem is, you won't find a high paying job generally in a place with low rents.

Now, seeing as how you make minimum wage, you would be better off leaving the competition for elite jobs and elite real estate, and moving to a lessor town. Your terrible skills will be able to afford more there and there will be less competition and less pay and less rent increase.

You're basically a person with no athletic ability trying to play Major League Baseball and then complaining how fast and strong everyone is. Instead of clinging to the dream of the big leagues go down to the minors or a 40 and over out of shape beer league where you belong. You don't get to just make everyone else worse in the big leagues so you can get to play.
 
Old 07-31-2017, 10:49 AM
 
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And the thing that just blows my mind is you complaning about the rent rising again and again. The reason it's rising is because there are people, and a lot of them, who can afford that rent. That's why the rents are rising.


So the rent isn't too high and unaffordable in general. It's not affordable to YOU.
 
Old 07-31-2017, 11:23 AM
 
8,021 posts, read 6,233,814 times
Reputation: 12004
Quote:
Originally Posted by cekkk View Post
Truthfully? No. Not much. Burger flipping was never intended to provide a "living wage.". It's a kid's job, not a replacement for lost manufacturing jobs that once allowed people who didn't take education seriously to still earn a decent living. Fortunately for the elderly, fewer kids want those jobs

It's a shame so many elderly folks must survive on SS. But just as with the flipper pay, it wasn't intended to provide a living income but to supplement savings, to over simplify.

In my humble opinion government could best help by taking the profit out of poverty. Charity should be left to churches and charitable organizations. Exceptions for the damaged veterans and truly handicapped. It's disgusting, the amount of tax dollars spent buying votes with welfare for perfectly healthy people, leaving so little for those who truly need it.
Compared to how much we spend on everything else it's chump change but people love to over exaggerate because it fits a certain narrative.
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