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Old 10-27-2018, 08:46 PM
 
9,584 posts, read 7,504,882 times
Reputation: 23440

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Quote:
Originally Posted by andywire View Post
Shows what you know. Makes you sound like one of those traitorous limousine liberals. It makes a big difference to someone stuck at 30K and seeing no opportunity for escape.


I know it hurts you inside to know that America is being MGA, but too bad.




It's happening as we speak, and the job creation data shows this to be the case. I am usually not an optimist, but this time, I think it might really be different.
Such odd, angry language. Anyway, explain a scenario where someone is truly stuck at $30k and can't move up.
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Old 10-27-2018, 10:29 PM
 
5,012 posts, read 2,385,736 times
Reputation: 9239
Quote:
Originally Posted by Tencent View Post
I will not reply and encourage others not to reply to those who DID NOT WATCH the video or read OFFICIAL DATA FROM SSA.GOV
People aren't questioning the data, they are questioning your conclusions.


Quote:
Originally Posted by Tencent View Post
My point STILL hasn't been refuted
You had no point. You posted an amateurish youtube video, a bunch of links to government data, then claimed we're ****ed.
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Old 10-27-2018, 10:47 PM
 
17,783 posts, read 12,462,980 times
Reputation: 13103
Quote:
Originally Posted by Teak View Post
So how does he afford payments on a new $70k truck every year? Those things depreciate at least 30% in driving off the lot. Do you think SSDI and Walmart $7.50 per hour covers the monthly payments along with the mortgage? This is an example of the spending problem the country has.
The income you listed isn’t enough to finance one of those trucks, let alone a new one every year so again your story is missing something and thus bringing this up is odd and irrelevant


Quote:
No, the economy is not tanking. We don't have an income problem; we have a spending problem. US wages are some of the highest in the world in all fields. Soon the leftists will demand that burger flippers get $20/hour.
So first you post a meaningless story about someone buying 70k trucks every year and now have included “leftists” into another meaningless post?
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Old 10-27-2018, 11:56 PM
 
Location: Rivendell
461 posts, read 322,313 times
Reputation: 1245
Quote:
Originally Posted by MichiganGreg View Post
My profuse apology. How dare I insinuate that one or more earners in a 'household' grow a pair and do what it takes to step out of a bad financial situation.
Won't happen again.
What I think you're wrong to assume is that it's just so easy to do it. I have the cure for drug addiction: stop putting drugs in your body. Voila! Obese? Stop eating so much. Addicted to porn? Stop looking at it. Keep impregnating women and don't want to pay child support? Vasectomy is your friend! Or hey, abstinence. That's a thing, too!

I have all the answers, it's amazing.
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Old 10-27-2018, 11:59 PM
 
24,928 posts, read 27,108,182 times
Reputation: 23070
Quote:
Originally Posted by charlygal View Post
Such odd, angry language. Anyway, explain a scenario where someone is truly stuck at $30k and can't move up.
Yeah, especially considering you and andywire appear to agree on the general point.
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Old 10-28-2018, 12:02 AM
 
24,928 posts, read 27,108,182 times
Reputation: 23070
Quote:
Originally Posted by CamillaB View Post
What I think you're wrong to assume is that it's just so easy to do it. I have the cure for drug addiction: stop putting drugs in your body. Voila! Obese? Stop eating so much. Addicted to porn? Stop looking at it. Keep impregnating women and don't want to pay child support? Vasectomy is your friend! Or hey, abstinence. That's a thing, too!

I have all the answers, it's amazing.
Agreed it's not as easy breezy as some make it out to be.

On the other hand, can we really not see that something's seriously wrong with the level of dysfunction we have? (As noted in your examples.)
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Old 10-28-2018, 02:48 AM
 
1,141 posts, read 271,035 times
Reputation: 1596
Quote:
Originally Posted by MichiganGreg View Post
Well, since nobody answered your query, I'll have a shot.

According to Bureau of Labor Statistics, inflation in 2017 is 79% higher than it was in 1991. That is, it takes $179 now to purchase what $100 bought in 1991.

REFER:
https://www.in2013dollars.com/1991-dollars-in-2017

According to SS data, median salary in 1991 was $15075, vs $31561 in 2017. That is, median earnings now are slightly over 2 times higher now what they were in 1991. It shows a pretty linear curve from 1991 to now, with a couple of noted excursions, but according to the data, there is more discretionary funds for median earners now than there were then. There are outliers, of course, such as cost of housing which is skewing the stats a lot in favor of median salaries in the past compared to now, but beyond that, the total cost of living is not that much different overall. Perhaps that was what the complaint was about, that our salaries haven't quadrupled instead of doubling to match inflation? Unfortunately, my query about the point of the post wasn't answered either.

If that wasn't the point, and the complaint was about cost of housing, or any other verifiable metric instead, it should have been stated that way, and there could have been a much higher amount of agreement. Worst case, an informed discussion might have ensued that could have divulged some hidden facts about the real state of the economy- which wasn't actually discussed at all.
In his other videos housing is a big focus. The key problem for about 25 years now has been exponentially rising housing costs relative to income. Hardly something to be considered minor considering housing is an essential expense to living in a civilized world and that homelessness in America is practically illegal. Housing should be always considered as 50% of the equation in any COL calculations. If it were, 2-3% would not be acceptable as a COLA, in fact it would be considered inhumane and a human rights violation to offer such a paltry increase.

And the same problem I have with the housing market is what I have with the stock market. Too much speculation, missteps by institutional investors who have their head up their a** and can't separate emotion from facts (creating a luxury real estate bubble waiting for mythical additional 1 million+ rich people to magically appear and buy over-valued over-inflated properties)

Most blame big banks for not being more responsible to have understood the negative impact of derivatives based on high risk products affiliated with subprime mortgages in the run up to the financial crisis. The reality is these realty companies on the front end are just as guilty if not more. Every player in the game from your Century 21s to your Platinum "million dollar agent" shops. They are all responsible for this BS.

Housing taking up 30% on average increasing to 50% of a person's income takes billions if not trillions of dollars out of the economy. This is another reason Retail died a premature death because Amazon recognized this and competed on cost value quick and fast. They are now catching up on the back end with having to increase wages and improve working conditions less they want to be perceived as Walmart V2.

Housing will continue to cause massive problems and re-shape the economy negatively if that market is not brought under control on the front end and get these non-bank lenders in check as well, both in the U.S. and China.

It should not cost $2000 to rent a studio in Nashville just because Goldman Sachs announced they are opening a satellite office down there. That is not how this is supposed to work.
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Old 10-28-2018, 03:59 AM
 
12,224 posts, read 4,178,285 times
Reputation: 4928
Quote:
Originally Posted by Tencent View Post
Nope

I'm not responding anymore. These guys just pull any half baked arguments out without thinking it through.

My point STILL hasn't been refuted.

Comparing 30K in 1989 with today
They dont want to face the reality, because "their guy" is in the office now. If "the other guy" had been in office, they are likely to have agreed with you that the system has been broken for the regular worker in the last 40 years. Thats how the corporate media (owned by the top 0.1%) divide people up. Wall Street and the corporate elite own both political parties and the corporate media. As long as labor unions are destroyed and people send puppets to Congress who take millions in bribe money from the billionaire class, this is the inevitable result.
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Old 10-28-2018, 04:08 AM
 
Location: Tucson/Nogales
16,593 posts, read 20,224,543 times
Reputation: 22652
Quote:
Originally Posted by Returning2USA View Post
Yes, rough for many and getting tougher.....
What can you expect when the poor and vulnerable don't vote! This last election didn't help as the poor think their votes don't matter, proof being the electoral votes superseded the popular vote!
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Old 10-28-2018, 04:14 AM
 
12,224 posts, read 4,178,285 times
Reputation: 4928
Quote:
Originally Posted by tijlover View Post
What can you expect when the poor and vulnerable don't vote! This last election didn't help as the poor think their votes don't matter, proof being the electoral votes superseded the popular vote!
Its important to point out that we have a two party duopoly that restricts voices and choices for the American people. The system is designed to make sure few people vote. And millionaire and billlionaire money flooding into the election is overwhelming the will of the people. Regular working stiffs dont stand a chance.

Would mandatory voting change anything? In Brazil they have mandatory voting, and inequality and poverty is extreme and the ruling oligarchy there continue to rule with an iron fist.
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