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Old 12-31-2017, 03:36 PM
 
Location: New Jersey
486 posts, read 320,398 times
Reputation: 669

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Not in NJ, it isn't done living ALONE on minimum wage. Not unless you live in one of really unsafe areas.

it's a given the space will be shared by 2-3 families in one SFH or roommates in 2 bedroom apartment. no way round it.
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Old 12-31-2017, 04:13 PM
 
Location: Forests of Maine
29,742 posts, read 47,547,485 times
Reputation: 17600
Quote:
Originally Posted by CamillaB View Post
The middle class is being destroyed because the rich are insanely greedy and will do anything to take as much as they can and horde it away.
'horde it away' as in remove it from circulating in the free market economy? Like stuff it into mason jars and bury it in their backyards?

I do not mean you any insult. No, nobody is doing that. You have left the realm of sanity. I imagine that you have been listening to someone who is telling you nonsense.

Wealthy people have their capital invested, just like the middle class. The dollars are circulating around in the economy; employing people, building ships and growing food.

https://www.youtube.com/watch?v=XxyB29bDbBA&t=50s



Quote:
... They want anyone who isn't at least a millionaire to be part of a new serfdom and have nothing as wages and live on the street while still being "productive" and serving their interests.
Was that good tasting kool aid you drank?

Nobody is trying to build a new serfdom.



Quote:
... The middle class will be crushed into oblivion and what is left will be those who work for a dollar an hour if that while other poor people pay their wages (think tipping as wages, which is how some industries already do it).
I do not agree.
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Old 12-31-2017, 04:19 PM
 
416 posts, read 171,768 times
Reputation: 534
There are thousands of towns across the country a single person can survive and even thrive, own their own home earning minimum wage. You just have to give to get. Like maybe no big box stores, exciting entertainment, beautiful scenery, ect.

Very possible and being done by many.
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Old 12-31-2017, 04:28 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,741,380 times
Reputation: 4206
Quote:
Originally Posted by Submariner View Post
Wealthy people have their capital invested, just like the middle class. The dollars are circulating around in the economy; employing people, building ships and growing food.
I think maybe you are listening to some BS....? More and more is merely inflating assets. That's a lot like hording. It's what happens when demand is depressed due to too much of the pie going to profits rather than wages.

Don't call it "investing". Reserve that word for capital that builds productive capacity of goods and services. The effect on our economy is very different.
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Old 01-01-2018, 06:44 AM
 
1,347 posts, read 1,006,767 times
Reputation: 4391
Quote:
Originally Posted by movedintime View Post
There are thousands of towns across the country a single person can survive and even thrive, own their own home earning minimum wage. You just have to give to get. Like maybe no big box stores, exciting entertainment, beautiful scenery, ect.

Very possible and being done by many.
Please give a couple of examples please, Id like to check into them. Thank you.
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Old 01-01-2018, 07:05 AM
 
Location: West Coast U.S.A.
423 posts, read 154,743 times
Reputation: 776
Quote:
Originally Posted by hitpausebutton2 View Post
I am sure this is for a single person with no kids..
https://www.msn.com/en-us/money/real...Bnb7Kz#image=1

Any thoughts?
Yeah, whoever did the "research" for that article didn't realize that they were looking at prices for rooms in some of those cities, not one-bedroom apartments. Basically a useless article.
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Old 01-01-2018, 07:06 AM
 
11,386 posts, read 5,880,809 times
Reputation: 21118
Quote:
Originally Posted by Submariner View Post
'horde it away' as in remove it from circulating in the free market economy? Like stuff it into mason jars and bury it in their backyards?

I do not mean you any insult. No, nobody is doing that. You have left the realm of sanity. I imagine that you have been listening to someone who is telling you nonsense.

Wealthy people have their capital invested, just like the middle class. The dollars are circulating around in the economy; employing people, building ships and growing food.
Maybe not coffee cans buried in the back yard but if the truly wealthy got a whiff of a massive tax hike or a currency collapse, you'd have an enormous pile of liquid assets vanish offshore with a few mouse clicks. It's not like it takes long to dump your Apple and Alphabet position and get it to the Caymans.
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Old 01-01-2018, 08:35 AM
 
Location: Forests of Maine
29,742 posts, read 47,547,485 times
Reputation: 17600
Quote:
Originally Posted by GeoffD View Post
Maybe not coffee cans buried in the back yard but if the truly wealthy got a whiff of a massive tax hike or a currency collapse, you'd have an enormous pile of liquid assets vanish offshore with a few mouse clicks. It's not like it takes long to dump your Apple and Alphabet position and get it to the Caymans.
Normally money needs to be invested in something before it can grow. A pile of liquid assets will lose value due to inflation
[unless you are gambling on the currency-exchanges].

The 'truly wealthy' do not keep their assets in cash. If they did they would have never became wealthy.

Offshore tax havens have been the subject of debates for decades, and the IRS has hurdles in place to restrict your ability to bring money into the USA.
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Old 01-01-2018, 08:53 AM
 
5,759 posts, read 1,297,294 times
Reputation: 2987
Quote:
Originally Posted by CamillaB View Post
The middle class is being destroyed because the rich are insanely greedy and will do anything to take as much as they can and horde it away. They want anyone who isn't at least a millionaire to be part of a new serfdom and have nothing as wages and live on the street while still being "productive" and serving their interests. We're going backwards in terms of economics and rewarding the greedy (who often are born into power and money rather than actually starting with nothing and earning it themselves) while simultaneously trying to paint anyone who doesn't own a business as scum of the earth who do no "real work" or don't "work hard" or are lazy and spend their days drinking and sleeping.
Are there some secret meetings going on somewhere where this is formulated and put into action? Pretty grand conspiracy you are alleging. And if everyone who is not a millionaire is on the street who is going to buy the things that these horrible rich people produce?
Quote:
Originally Posted by CamillaB View Post
How much do you honestly think companies would pay workers if there wasn't a min. wage?
As it stands now about 2.9% of workers make only minimum wage. And over half of those making minimum wage are students working a part time job. Many of the rest are people who earn tips along with their wage like waitresses and pizza delivery people. They are considered minimum wage workers even though they make way more than that.

The notion that a large amount of American adults with dependents are living on minimum wage to survive is a fallacy. I would imagine that number is way less than 1% of the working population. Yet the left tries to play the hero for all the poor minimum wage workers being taken advantage of by rich greedy bosses. Not true.
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Old 01-01-2018, 08:59 AM
 
20,229 posts, read 28,314,305 times
Reputation: 18083
[quote=jackwinkelman;50560800]
The notion that a large amount of American adults with dependents are living on minimum wage to survive is a fallacy. I would imagine that number is way less than 1% of the working population./QUOTE]

That's the problem with self-perceptions, typically they're way off.

https://www.nytimes.com/2014/06/10/u...imum-wage.html
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