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Yep, someone said no one is forcing you to rent, but they are. The rich landlords pay off the city council, to make homelessness illegal. They make sleeping in your car illegal, they make sleeping on the street illegal, they hire an army of thug cops to go out and beat up the homeless. Until they can beat it into them, that they have to get three jobs and ten roommates, so they can pay the extortion rent prices.
The elite in this country are creating an entire underclass of slave labor that they can exploit.
I seriously doubt landlords are "paying off" council people to enact laws. If you have evidence to the contrary, I'm sure your local DA would love to see it, since it's most likely a crime.
I'd also like to see where there is an army of thug cops out just beating the homeless, willy-nilly. Do you have evidence of that as well?
No, you don't get to sleep on the street because taxpayer dollars pay for those streets. And when homeless people are camping, peeing and doing drugs on those streets, those taxpayers are not able to use the very streets they fund.
You are confusing the homeless situation, which has little to do with availability of affordable housing that is available for minimum wage earners, with the inability of minimum wage earners to realize that unless you increase your wages or move to a more pricey place, you can't expect to live like a king.
The elite in this country are creating an entire underclass of slave labor that they can exploit.
If you truly believe in this sort of dichotomy and that the opposing entity is so organized about it all...
then respond in kind: collectivize this underclass of slave labor to demand something or other.
These are billionaires that bring home these huge profit margins. Dont think they can go broke if they even give up 2 years worth of their own salary.
86% of the CEO's on your list of the 100 largest US companies have total compensation of <$25M/year. Using the Fortune 500 figures, which is what you originally specified, brings the average down to the figure I cited from the article I linked, which referenced Forbes magazine as a source.
OK. So why do you go to work every day? Most likely to make money. Right? Your employer comes in tomorrow and says he will no longer pay you $100 per hour. Your new salary is $1 per hour. After a little gnashing of teeth, you would most likely leave because you can't live on your new salary. You expect to be able to LIVE on what you make.
John is making $10 per hour. All he wants is a studio apartment, utilities, food, and a bus pass. Bare bones existence compared to your $100 per hour job. He is willing to work hard(harder than your desk job BTW) for 50 hours a week. But he can't get a job that will pay enough for that bare bones existence. What is John's motivation to go to work every day? He can't support himself. He can't continue his education. He has no way to get a better job. He has no hope for the future. So he quits and lives in his parent's basement. He opts out because he can't live on what he makes and he no longer sees working as a way out of poverty.
Jane is John's long term GF. Jane makes $10 per hour and lives at home because she has no choice. They always had a dream to be able to marry and live together one day but they can't afford it. One day Jane discovers she is pregnant. Don't judge...it's the only entertainment they have. Their first thought is to get married but they quickly do the math and realize they can't afford a 2br apartment, diapers, formula, medical for the baby, food, utilities, and transportation. But they really want a family. So here's their only option.
Jane becomes John's roommate and moves into the basement. She applies for welfare, SNAP, and medicaid. John starts doing odd jobs for cash around the neighborhood. They are poor but their basic needs are met. Most of their food comes from the foodbank and they use their cash and SNAP to take care of the baby. They can't marry because Jane and the baby would lose their benefits.
This is what happens in the real world when jobs don't pay enough to provide a decent basic living. And you have to have hope that someday you will be able to do better. A job needs to pay enough to live on. If not you will eventually look for another way.
You seem convinced that’s it’s impossible to do better .
It’s easier to learn the game versus trying to change the game. Capitalism is the best system out there . Ask anyone that moved here from a socialist or communist country .
I’ve seen many people that have built themselves up financially from nothing to believe it’s impossible. I just met someone last week that is doing well in real estate locally starting with nothing but vision and hustle . Many people told him his strategy would not work but he proved them wrong .
If you think you’ll never do better financially or achieve wealth that’s what will happen .
If you think all rich people are greedy , you’ll never become wealthy or rich .
I didnt say its impossible to do better, but the path that makes it impossible is the issue. so much BS to get where you want to be in life and the course to get their. Not expecting a hand out but shouldnt take 10 years to get what you want to work for as well.
As for rich people being greedy, every fn one of them are greedy. They would step on their mom dead body to grab that dollar they see in the street.
Maybe John and Jane should be spending time learning how to increase income versus entertainment/procreating .
It’s about thinking more long term . It’s not easy to improve one’s life , but it’s not impossible .
Also why no birth control ? If they couldn’t afford it I’m sure there are ways to get it free no ?..
OK. So why do you go to work every day? Most likely to make money. Right? Your employer comes in tomorrow and says he will no longer pay you $100 per hour. Your new salary is $1 per hour. After a little gnashing of teeth, you would most likely leave because you can't live on your new salary. You expect to be able to LIVE on what you make.
John is making $10 per hour. All he wants is a studio apartment, utilities, food, and a bus pass. Bare bones existence compared to your $100 per hour job. He is willing to work hard(harder than your desk job BTW) for 50 hours a week. But he can't get a job that will pay enough for that bare bones existence. What is John's motivation to go to work every day? He can't support himself. He can't continue his education. He has no way to get a better job. He has no hope for the future. So he quits and lives in his parent's basement. He opts out because he can't live on what he makes and he no longer sees working as a way out of poverty.
Jane is John's long term GF. Jane makes $10 per hour and lives at home because she has no choice. They always had a dream to be able to marry and live together one day but they can't afford it. One day Jane discovers she is pregnant. Don't judge...it's the only entertainment they have. Their first thought is to get married but they quickly do the math and realize they can't afford a 2br apartment, diapers, formula, medical for the baby, food, utilities, and transportation. But they really want a family. So here's their only option.
Jane becomes John's roommate and moves into the basement. She applies for welfare, SNAP, and medicaid. John starts doing odd jobs for cash around the neighborhood. They are poor but their basic needs are met. Most of their food comes from the foodbank and they use their cash and SNAP to take care of the baby. They can't marry because Jane and the baby would lose their benefits.
This is what happens in the real world when jobs don't pay enough to provide a decent basic living. And you have to have hope that someday you will be able to do better. A job needs to pay enough to live on. If not you will eventually look for another way.
Good post.. and add that you need money to make money, more like you need money to go to school to make money. Wait. now you just put your self in more debt to pay for school. Now you need more money to pay for school debt and housing and to do better. Rinse and repeat.
I didnt say its impossible to do better, but the path that makes it impossible is the issue. so much BS to get where you want to be in life and the course to get their. Not expecting a hand out but shouldnt take 10 years to get what you want to work for as well.
As for rich people being greedy, every fn one of them are greedy. They would step on their mom dead body to grab that dollar they see in the street.
It can take less than 10 years but even if it takes years it’s better to start now versus just giving up .
If you believe that about anyone that is rich like I said it’ll be hard to impossible to obtain wealth yourself.
I’m not sure why some of you are so drawn to the economics forums but know so little about it. You participate in these threads and there’s many excellent explanations given, yet you choose to ignore it and just uselessly complain. It’s just stunning to me. At least learn something.
It can take less than 10 years but even if it takes years it’s better to start now versus just giving up .
If you believe that about anyone that is rich like I said it’ll be hard to impossible to obtain wealth yourself.
so what your saying is, i need to act rich in order to get rich? isnt that what most people do anyways, and we call them fakers.
I just had my interview and review and they see that i have over 18 years experience doing what i do now, and ask me what my goal is. I would like to make 75k a year. I have a simple life with one child but can live comfortable at 75k. You would think somebody with my talents, i could have made this by now. Well as years went on during my 18 year history, the market becomes flooded and wage demands has decreased. So generality i will never see 75k a year unless i go back in to debt for another 10 years to get more education. But why spend another 10 years throwing money away, as 75k 10 years from now will be consider worthless by then.
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