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Old 03-28-2014, 11:51 AM
 
6,922 posts, read 2,530,771 times
Reputation: 3776

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Quote:
Originally Posted by ErikBEggs View Post
ugh...
Not really a straw man. From the article...
Quote:
Obama said. "I hope members of Congress, governors, state legislators and business leaders across our country will follow Connecticut’s lead to help ensure that no American who works full time has to raise a family in poverty, and that every American who works hard has the chance to get ahead."
According to the President, a minimum wage of $10.10 is indeed a cure for poverty. Who knew it was so simple?
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Old 03-28-2014, 11:52 AM
 
Location: Portland, Oregon
46,053 posts, read 29,544,210 times
Reputation: 7830
Quote:
Originally Posted by Three Wolves In Snow View Post
Dear God...what that poster is telling you is that you won't see an immediate surge of unemployed, it's not a streaming video or a text message that you get instantly. It happens over time, little by little. You continue to pretend it doesn't happen.
So if it happens little by little and we have raised minimum wage, we should be up to 75% unemployed these days.
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Old 03-28-2014, 11:53 AM
 
Location: Portland, Oregon
46,053 posts, read 29,544,210 times
Reputation: 7830
Quote:
Originally Posted by bobtn View Post
In many regions, they are virtually the same when considering COL gaps.
COL doesn't care what the minimum wage is.
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Old 03-28-2014, 11:54 AM
 
Location: South Bay
1,404 posts, read 868,103 times
Reputation: 525
Quote:
Originally Posted by Egbert View Post
First whoever wrote your trust did an a horrible job. IDK if that is after management fees, and distributions to beneficiaries or if you even take management fees but that isn't pretty. You should consider potentially trying to rectify that if possible with an attorney and your beneficiaries.

As to us being the exception no ****. Having cash during a liquidity crisis is the exception, with that said I was remarking on HappyTexan's point that of deflation being good for people with cash, which 2009 was, at least for the folks I knew.
There are no fees for this particular annuity. The way a trust is written has nothing to do with anything. I could put the money on red if I chose to, but I have a conscience.

Actually the annuity was written more than 2 years ago, so at that time it was considered a Cadillac in a Kia market. It matures in another year and then I'll reposition. Hopefully I can get 2-3% next year.
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Old 03-28-2014, 11:57 AM
 
Location: South Bay
1,404 posts, read 868,103 times
Reputation: 525
Quote:
Originally Posted by Volobjectitarian View Post
Not really a straw man. From the article...

Quote:
Obama said. "I hope members of Congress, governors, state legislators and business leaders across our country will follow Connecticut’s lead to help ensure that no American who works full time has to raise a family in poverty, and that every American who works hard has the chance to get ahead."
According to the President, a minimum wage of $10.10 is indeed a cure for poverty. Who knew it was so simple?
The keyword phrase being "works full time", yet his baby (ACA) has been and will be the biggest enemy of the full time employee. Ironic!

This president is loaded with carrots to wave in front of all us horses.
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Old 03-28-2014, 11:57 AM
 
1,825 posts, read 1,212,424 times
Reputation: 539
Quote:
Originally Posted by surfman View Post
There are no fees for this particular annuity. The way a trust is written has nothing to do with anything. I could put the money on red if I chose to, but I have a conscience.

Actually the annuity was written more than 2 years ago, so at that time it was considered a Cadillac in a Kia market. It matures in another year and then I'll reposition. Hopefully I can get 2-3% next year.
Well you are the trustee so you have to make those decisions. Imho getting killed by inflation, CoL and distributions is no better then getting killed by a fluke of the market especially when its reasonably easy to diversify.
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Old 03-28-2014, 11:58 AM
 
7,846 posts, read 5,292,068 times
Reputation: 4025
Quote:
Originally Posted by Volobjectitarian View Post
Not really a straw man. From the article...

According to the President, a minimum wage of $10.10 is indeed a cure for poverty. Who knew it was so simple?
Reread the statement again. It does not say "minimum wage is a cure for poverty." It specifically tackles the issue that families working full time for minimum wage are still in poverty. Minimum wage never was a plan to cure American poverty. The American "Dream" was that anyone who goes to work every day full time should not be living in poverty.
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Old 03-28-2014, 12:06 PM
 
Location: South Bay
1,404 posts, read 868,103 times
Reputation: 525
Quote:
Originally Posted by Egbert View Post
Well you are the trustee so you have to make those decisions. Imho getting killed by inflation, CoL and distributions is no better then getting killed by a fluke of the market.
And now we've come full circle; see post 120

I agree completely that savers are being killed. The only thing I could do was stop all distributions in order to compound the tiny interest. Sad but true.

On the RE front, I have been looking at some rental property in AZ which might be a more viable solution. RE will never go to zero, just like gold. I do agree with you on that point. RE was a boon after the 2007-8 bust. It may be setting itself up for another fall though. The values have come up, but the velocity is slow and inventories are climbing again.
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Old 03-28-2014, 12:08 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
Quote:
Originally Posted by urbanlife78 View Post
COL doesn't care what the minimum wage is.
No but that min wage worker will care what the COL of an area is.
A $600/month apt or a $1200/month apt on min wage ? $2/hour more won't cut it in that high COL area.
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Old 03-28-2014, 12:12 PM
 
Location: Houston
22,546 posts, read 11,610,597 times
Reputation: 9099
Quote:
Originally Posted by OICU812 View Post
How is a person supposed to raise a family on $10 an hour?
You should not be having children if you make 10 bucks an hour.
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