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If knowledge is power wouldn't it be better if you had the truth and reality instead of trying to play by whatever rules you THINK should exist?
When your boss came by for the puppy did you tell him he was greedy and selfish to his face because he made more money than you and lived in a house?
When you discussed work at home options with him did you tell him you also wanted a cut in pay because now you had a lower expense? How would you feel if he told you you could work at home but now he's pay you less. I doubt yo would accept that even though your belief system says that's the thing to do.
I think you should move to a country where socialism is the norm
No we never talk business, and he brought up the idea for me to work at home. Still have to go through the process as anybody else, just he brought it up, and i never mix business with pleasure.
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,572,211 times
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Quote:
Originally Posted by hitpausebutton2
No we never talk business, and he brought up the idea for me to work at home. Still have to go through the process as anybody else, just he brought it up, and i never mix business with pleasure.
You know sometimes you seem like a bright guy, but then you come up with some weird ideas. I can't help but wonder if those ideas hold you back from achieving your potential.
For example the idea of never mixing business with pleasure, many a deal or partnership has arised from pleasure things such as dinners, golf, etc
Well, let's clarify things so you can better understand the comedy.
Amigo, If this were the year 1790 and we were debating money and credit for our new Republic, many of the worries you brought up would have been (and were) echoed amongst the Founding Fathers.
But this is 2018...230 after New Hampshire's ratification made the Constitution the law of the land. Since then there have been hundreds of decisions/actions taken that have evolved the idea of money and credit in this country.
I do not disagree with the idea that our monetary system has a degree of wickedness embedded in her. But our stints under bimetallism, the silver standard and the gold standard, had its share of evil as well. The common root of all are the People, many of whom demand a system of money and credit that bows to their whims and consumption excesses.
Throughout our history, demands for more credit and liquidity have been insatiable. The powers at be are always willing to meet that demand and the overall situation kicks up a notch. Furthermore, under these various standards, far too many did not play by the rules as they were intended, hoarding precious metal and proving Gresham's law.
Consider the great coin shortage of 1964. The US mint coined more than five times the silver in 1964 as in 1963, which itself was nearly double that of 1961. Two reasons. The main reason is that people were hoarding silver starting in 1963 upon hearing the news that silver coining would end. Hoarding of specie has been with us from the beginning, starting with Revolutionary War when silver was hoarded. The second reason is that LBJ was launching into his Great Society program right as spending on Vietnam was ramping up.
The monetary system will always be subservient to political aims.
Just today, Fannie and Freddie announced mortgage lending for 3% down with credit scores as low as 620. The more things change, the more they stay the same. The political powers at be will bent to consumer demand rather than to what is sensible.
But...the very worse thing we could ever do is the try to revert back to 1792. It would turn us into Venezuela.
So the starting point for any discussion on money and credit in 2018 has to start with 2018 and end up with where we want to go within the frameworks we now have. Turning us back toward the past would only end in disaster.
You know sometimes you seem like a bright guy, but then you come up with some weird ideas. I can't help but wonder if those ideas hold you back from achieving your potential.
For example the idea of never mixing business with pleasure, many a deal or partnership has arised from pleasure things such as dinners, golf, etc
I live out side the "box" and gotten my hand slap a few times for doing so. I have zero patience in our system, policies, and some people worth ethics. If the mood is right ,then i might bring business up ,but only if its in a way that not going to interfere with the pleasure at hand. Some times i scare my self when i come up with a idea and wonder "what if" syndrome.
Amigo, If this were the year 1790 and we were debating money and credit for our new Republic, many of the worries you brought up would have been (and were) echoed amongst the Founding Fathers.
But this is 2018...230 after New Hampshire's ratification made the Constitution the law of the land. Since then there have been hundreds of decisions/actions taken that have evolved the idea of money and credit in this country.
Indeed. As we all know, nothing bad happened with "sound money".
(This will largely be a post in agreement with you in what appears to be a pragmatic approach)
Quote:
I do not disagree with the idea that our monetary system has a degree of wickedness embedded in her. But our stints under bimetallism, the silver standard and the gold standard, had its share of evil as well. The common root of all are the People, many of whom demand a system of money and credit that bows to their whims and consumption excesses.
As soon as the law is passed people who hold a certain commodity increase their wealth. Even going on a gold system will make insiders obscene fortunes.
Quote:
Throughout our history, demands for more credit and liquidity have been insatiable. The powers at be are always willing to meet that demand and the overall situation kicks up a notch. Furthermore, under these various standards, far too many did not play by the rules as they were intended, hoarding precious metal and proving Gresham's law.
Money's dual role of facilitating communication and the preservation of wealth always sucked. It does not do both well. Provincial areas with lots of industrial capacity could have all their money sucked out of it.
Quote:
Consider the great coin shortage of 1964. The US mint coined more than five times the silver in 1964 as in 1963, which itself was nearly double that of 1961. Two reasons. The main reason is that people were hoarding silver starting in 1963 upon hearing the news that silver coining would end. Hoarding of specie has been with us from the beginning, starting with Revolutionary War when silver was hoarded. The second reason is that LBJ was launching into his Great Society program right as spending on Vietnam was ramping up.
and your example here is timely.
Quote:
The monetary system will always be subservient to political aims.
It certainly will.
Quote:
Just today, Fannie and Freddie announced mortgage lending for 3% down with credit scores as low as 620. The more things change, the more they stay the same. The political powers at be will bent to consumer demand rather than to what is sensible.
But...the very worse thing we could ever do is the try to revert back to 1792. It would turn us into Venezuela.
So the starting point for any discussion on money and credit in 2018 has to start with 2018 and end up with where we want to go within the frameworks we now have. Turning us back toward the past would only end in disaster.
There are few things that I think should be public. Money is not capital however. It is a power and power is political. If its political then it need to be public. Fannie and Freddie should be converted into public saving's and loans and become the tax base while eliminating the income tax. Commercial credit should go towards capital not real estate ground rents.
Any idiot can run a saving and loan with 20% down.
If you want to do desireable things in a desireable place, you have to pay for it at the going rate. The more people who want to do that thing at that place, the more likely the business will fill the spots at the price they’re commanding.
If you can’t afford it, you adjust to what you can afford.
I feel like I’m explaining economics to an 8 year old who has a 5 dollar bill in there hand but thinks they should be able to buy all the candy in the store because they want it.
Welcome to a lot of Americans’ understanding of economics. It’s beyond baffling how naive most people are. I can understand a misguided person’s idea that all healthcare should be free, school free, etc. because they probably mean the best (even though a basic research quest would make them realize there aren’t even enough doctors in this country to provide that and if you lowered their salaries there would be even fewer of them lol). But there are legitimately people, like the Democratic Socialists (who aren’t democratic), who think the government should take over private businesses. What kind of innovation do they imagine happening if people have zero incentive to start a business?!
As for the LeBron James comment earlier, again this comes down to lack of intelligence and understanding of complicated systems. LeBron is worth $35M a year not only because someone will pay him that (he’s a worker, remember? Why take the side of the big bad corporation?! Lol), but because he generates enough revenue to justify that pay. To say that LeBron doesn’t deserve that money you’d have to completely rework free will itself. You’d have to force the NBA owners to charge ten times less per ticket, even though they sell out every game in most arenas with superstars and in big markets, and you’d have to - bizarrely enough - grant a discount to the network TV providers for covering the games. Otherwise, if you just mandated LeBron be paid less, congratulations you’re old school evil. Because now, you’re saying instead of the players on the court making money for their talent, negotiated between them and the owners, you want the government to force their pay to be less so the owner of the team can keep more money for himself.
That line of thinking of course falls apart to anyone with even a moderate IQ. If tickets for the games were lower - when demand already exceeds supply even at their current prices - who would decide who is “worthy” of going to the games, then? Would they be randomly raffled off? Would a judge preside over a court where people could try to prove their worthiness? Lol, no, the only way for anything to have a value decided is by price equilibrium where in a perfectly efficient system 20,000 people, no more, no less, will pay X dollars for the tickets for sale, and no more, no less. That’s how you know the price is fair is because people will pay those prices. Of course, the business has every right to keep prices high even if they can’t fill the arena but they may be losing inventory forever then, because once that seat goes empty for a game it has zero value.
The other argument is just as dumb as the “starving kids in China” argument. Me eating or not eating all of my meal has no bearing whatsoever on Chinese children. I can’t ship my leftovers to China even if I wanted to do so, and certainly not for a reasonable cost. So when someone says, “But teachers should be paid more than LeBron” the argument is childish because teacher pay has no bearing on LeBron’s pay. Teachers being paid less by no means indicates society doesn’t care about teachers, only that LeBron generates more economic activity and profit through his endeavors than teachers do through theirs. It’s the only way a system works without heading down a scary path.
Imagine the alternative. Who decides which professions are worth what money if it was all just government controlled let’s say. Should hockey players make more than NBA players just because I like hockey more and I got elected to office? Should players be paid based on the difficulty (in someone’s opinion) of the sport or of the popularity of it? Should a painter be paid more than a musician? Or should a teacher make more than a plumber? You see why we have a capitalist economy and why it’s the greatest system and really the only system of economics in the world. The market - supply and demand - decides the value of labor and goods. Otherwise you have some nebulous central authority deciding for us what’s important and how important it is. If that doesn’t scare you more than market forces deciding pricing, you’re just not considering the consequences.
There’s a big difference between social safety nets, socialist-lite programs, and some regulations versus a Big Brother socialist economy where a central authority decides for us 1) How much money we need / deserve, 2) Who can do what, and 3) What kind of businesses are “important.”
ABSOLUTELY.. every sports players are over paid.. just because you pay to watch them doesnt make the more worth then what they are getting paid.
LeBron is not overpaid. He may make what you consider an unfathomable amount, but the fact is he gets paid $35M because his employer expects to make at least that much off of his labor. If his employer thought his labor was worth say $10M why in the world would they pay him 3.5 times that amount? The bottom line is that in a country of over 320M people less there are less than a handful that can play his game at that level. It is his degree of talent - along with the demand and willingness of others to pay to see it - that translates into his salary. Sorry if you are looking for an injustice in this world you will have to find another stone to turn over......And really you should thank him. He pays many, many times the taxes you pay and subsidizes you and not the other way around.
Last edited by verybadgnome; 08-18-2018 at 09:42 PM..
LeBron is not overpaid. He may make what you consider an unfathomable amount, but the fact is he gets paid $35M because his employer expects to make at least that much off of his labor. If his employer thought his labor was worth say $10M why in the world would they pay him 3.5 times that amount? The bottom line is that in a country of over 320M people less there are less than a handful that can play his game at that level. It is his degree of talent - along with the demand and willingness of others to pay to see it - that translates into his salary. Sorry if you are looking for an injustice in this world you will have to find another stone to turn over......And really you should thank him. He pays many, many times the taxes you pay and subsidizes you and not the other way around.
Yep gets 32 mil just to work less then 10 hours a week without sponsors. And his talent produces what? Entertainment.. nothing else, and nothing gain.
Mean while we have other talents that makes the world go around and makes less.
Priorities are not inline, people will pay 200 bucks for a 2 hour game vs 200 bucks to pay a plumber to fix a leaky pipe.
Yep gets 32 mil just to work less then 10 hours a week without sponsors. And his talent produces what? Entertainment.. nothing else, and nothing gain.
Mean while we have other talents that makes the world go around and makes less.
Priorities are not inline, people will pay 200 bucks for a 2 hour game vs 200 bucks to pay a plumber to fix a leaky pipe.
You think professional athletes work 10 hours a week? Ok.
His talent produces more than entertainment. It creates value. For the parking companies, broadcasters, food vendors, shoe companies, bats/restaurants, security people, merchandisers, manufacturers, the owners. The list goes on.
You let me know when 20,000 people pay to see that plumber do his job and broadcasting companies pay to stream it to millions more.
It’s funny when people will say their companies billionaire owner is greedy and won’t pay the employees anything. Yet somehow, these athletes have “tricked” these same billionaires into giving them millions. Or perhaps, the market rewards value creation.
Less than 1000 people in the world can operate at an NBA level. The top 1000 in any profession are paid well. Lawyers, engineers, doctors, dentists.
You apparently lack the fundamental understanding of economic value versus value to society.
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And his talent produces what? Entertainment.. nothing else, and nothing gain. 
