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Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,146,850 times
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Quote:
Originally Posted by ringwise
But saying it CAN'T be done is not true at all.
There is the truth... in a nutshell! Those who say it can't are making excuses why THEY can't. I've seen folks on hubbies crew making 30.00 an hour turn down overtime and the time and 1/2. They turn down double time holiday pay because, "they don't want to." Or worse yet... they work it and then **** it away come payday on booze and whatever other vice they desire. And then they gripe and complain about how they can't have what we have. Which isn't much....but it's enough that were comfortable. And these people are not poor. They make good money. The family wouldn't qualify for assistance of any kind. It's a mindset for many folks. These people will be "poor" forever not because of circumstance or upbringing but because of their attitude and excuses more than anything.
You post about as much facts as a few blind men describing an elephant.
Quote: Taxes are a factor in determining the prices of goods and services. Increase corporate taxes and prices increase. That hurts the poor. End Quote:
So does paying multimillion dollar saleries and maxing return profits for investors. But we never hear cut wages or profits for investors to cut prices.
Your quote:And it's true that 100 million or more American workers and retirees have a total of $24 Trillion invested in equities, etc. They absolutely depend on corporate profits, dividends, and increasing stock prices to FUND growth in their pension and/or retirement accounts. End quote:
Correct but again that is a drop in the bucket when The Top 1 Percent Of Americans Own Half Of The Country's Stocks. Most company stocks look like Walmarts 51%+ of walmart stock is owned by the walton family and the rest is owned by a 1000+ corporate and individual investors(retirement investing is a few mixed in) Your slight of hand.
I posted facts. Taxes are a factor in determining the prices of goods and services. Increase corporate taxes and prices increase. That hurts the poor.
And it's true that 100 million or more American workers and retirees have a total of $24 Trillion invested in equities, etc. They absolutely depend on corporate profits, dividends, and increasing stock prices to FUND growth in their pension and/or retirement accounts.
A few? HALF of us have pension plans and/or retirement accounts. That's why the total investment is SO HIGH: $24 Trillion.
You want to cut HALF of us all off from the corporate profits, dividends, and increasing stock prices we need to FUND growth in our pension and/or retirement accounts? That's IDIOTIC. Where's YOUR moral compass?
The is a hilarity to the middle class people who get taken in by late night get rich quick scheme infomercials. They come here preaching that everyone should cater to Wall ST. because they think they are somehow hooked into that world because they have a day trading account. It's transparent as heck.
Tell that to many business owners or people in my husband's line of work. Seventy to 80 hours a week or more is typical. While one job technically...just as much time as two. Yes.. it does effect health and family life...but that is a sacrifice we were willing to make to pull ourselves out of poverty. And that gives you or others the right to take it? And I'm the selfish one????
Sorry... but this has to be said..... Working for barley just means you get to make more BEER! LOL.
He choose to go into his own business that is his choice that is different not everyone wants to spend every waking hour working they want to actually have a life. If a employer helps you buld your business and you give them the least you can yeah that is selfish.
You post about as much facts as a few blind men describing an elephant.
Do you dispute that HALF of us have a combined total of $24 Trillion invested in our pension and/or retirement accounts? You'll have to argue that with the EBRI. Have at it:
Quote: Taxes are a factor in determining the prices of goods and services. Increase corporate taxes and prices increase. That hurts the poor. End Quote:
So does paying multimillion dollar saleries and maxing return profits for investors. But we never hear cut wages or profits for investors to cut prices.
You'll have to take that up with the stock owners. They vote their shares. HALF of us are invested in corporations, etc., to grow the value of our pension and retirement accounts. When you can convince the half of us holding $24 Trillion in investments to elect Coroporate Board members who will reduce CEO salaries and reduce corporate profits and growth, you'll accomplish your goal. Good luck.
Quote:
Your quote:And it's true that 100 million or more American workers and retirees have a total of $24 Trillion invested in equities, etc. They absolutely depend on corporate profits, dividends, and increasing stock prices to FUND growth in their pension and/or retirement accounts. End quote:
Correct but again that is a drop in the bucket when The Top 1 Percent Of Americans Own Half Of The Country's Stocks. Most company stocks look like Walmarts 51%+ of walmart stock is owned by the walton family and the rest is owned by a 1000+ corporate and individual investors(retirement investing is a few mixed in) Your slight of hand.
You really have no clue. You're financially illiterate. The top 1% does NOT own half of the country's stocks, and you've been TOLD that. You're WILLFULLY remaing blind and financially illiterate:
Quote:
Originally Posted by InformedConsent
The top 1% does not own half of the net wealth. They own 42.1% of non-home wealth (and only 35.4% when everyone's home equity is included), described as other real estate owned, cash and demand deposits, savings deposits, certificates of deposit, money market accounts, government bonds, corporate bonds, foreign bonds, other financial securities, the cash surrender value of life insurance plans, the cash surrender value of pension plans, including IRAs, Keogh, and 401(k) plans, corporate stock and mutual funds, and net equity in unincorporated businesses.
Most of the wealth, 57.9%, is held by everyone else.
You can rail all you want against corporate profits, but just remember that decimating corporate profits destroys 100 million or so American workers' and retirees' pension and/or retirement accounts. Are you good with that?
I notice that your link and comments miss the second half of the title of the article you linked too.
"How will you retire? Half of us have nothing saved, and many others far too little"
So how does reducing the growth in their accounts help them? Would you be much happier if any growth they may actualize is stripped away due to your mathematical and financial illiteracy?
Yeah it is an entitlement to want to have one job that makes you enough so you can have enough for food, water and housing people should only feel entitled to live in a homeless shelter or a carboard box.
That's your first mistake... thinking you are entitled to a job.
You have to offer a skills a company is willing to pay for and your skills determine your pay... like it or not.
He choose to go into his own business that is his choice that is different not everyone wants to spend every waking hour working they want to actually have a life. If a employer helps you buld your business and you give them the least you can yeah that is selfish.
If that's how you see it what is stopping you from building your own business and then paying what you want? Is part of the reason because you don't know how? And then you want to tell the guy who did what to do? What service or products can you offer that people want and are willing to pay for Storm Eagle?
Funny how the people who think they know it all can't even take care of themselves with a tax payer funded handout.
And yet here we go with societies elite claiming the poor blame the world instead of being personally responsible. But just a few posts ago the same societies elite was claiming the world would be a better place if all the lazy, handout loving poor people would stop being lazy. Then the moralely elite would have more money to spend. Sounds to me like the same victim mentality to me? Who to blame for you not having enough? Poor people?
Society's elite? Is that what you think I am? Not quite - I'm just a solidly middle class employee who WAS poor while growing up and instead of blaming the world, I took personal responsibility of my life.
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