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Old 01-02-2016, 12:15 PM
 
33,016 posts, read 27,477,048 times
Reputation: 9074

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Quote:
Originally Posted by InformedConsent View Post
It's not even one baby born to folks with money. It's just one baby born to anyone who DOESN'T receive public assistance, while 3 are born to those dependent on public assistance.

Yep. And that IS a mathematically certain problem. It's unsustainable. Period. I don't understand why people don't realize that.

My solution is to cap welfare expenditures at current levels, adjusted for population change.

Benefits per case would then necessarily fall as caseloads increase, thereby reinsttuting a stigma on mooching breeders.

e.g. baby showers would be replaced with the opposite
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Old 01-02-2016, 12:15 PM
 
Location: So Cal
52,291 posts, read 52,734,263 times
Reputation: 52794
I don't believe those stats. Everyone around me in my social circle, family members, co-workers all have saving accounts and have much more than 1k in them.

I'm a solid middle class person, so it's not like were rich over here. To not have at least 1k in a saving account is truly scary. If the stats are true, then we as a society are in deep doo doo.
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Old 01-02-2016, 12:17 PM
 
33,016 posts, read 27,477,048 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
Try getting a cleaning lady who'll take a check, much less one who'll give you an SS or Tax ID number for a 1099. They want to be paid in cash. Teenage babysitters are paid in cash. The kid who mows your lawn/shovels your driveway is paid in cash. Cab drivers are paid in cash. Hair stylists are tipped in cash. I could go on and on... Little to none of that is reported to the IRS.

Solution: replace cleanup woman when she approaches $600 threshold for IRS reporting
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Old 01-02-2016, 12:24 PM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by freemkt View Post
My solution is to cap welfare expenditures at current levels, adjusted for population change.
That's the problem. The public assistance-dependent population is increasing at a faster rate than the self-supporters.

For every 1 baby born to a self-supporter, 3 are born to those on public assistance.
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Old 01-02-2016, 12:27 PM
 
9,848 posts, read 8,286,793 times
Reputation: 3296
Quote:
Originally Posted by le roi View Post
With interest rates as low as they are, why would anyone have their money in a savings account? That would be idiotic.
Stocks are deadly for the most part.
Remember the low interest rates started under Clinton, people left with no alternative went into stocks as the big boys bailed leaving elders broke. That was the start of the recession at the end of the Clinton administration.
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Old 01-02-2016, 12:33 PM
 
Location: Lake Grove
2,752 posts, read 2,762,701 times
Reputation: 4494
Quote:
Originally Posted by freemkt View Post
Many people do the above and are poor. What's your point?

You can only argue for equality of opportunity and do best you can in life. Equality of outcomes is impossible. Not everyone remains in the same economic circumstances their whole lives.
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Old 01-02-2016, 01:06 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Quote:
Originally Posted by Chowhound View Post
I don't believe those stats. Everyone around me in my social circle, family members, co-workers all have saving accounts and have much more than 1k in them.

I'm a solid middle class person, so it's not like were rich over here. To not have at least 1k in a saving account is truly scary. If the stats are true, then we as a society are in deep doo doo.
You don't know the financial situation of everyone.

During that mortgage crisis I saw plenty of homes go into foreclosure in a golf course community that I used to shortcut through.

This was an upscale community with mandatory golf club membership.
And there were plenty of foreclosures in there.

Many people are living at the edge.

Your friends may have $1K in savings but what are their debts ?

A good emergency stash is 6 months worth of living expenses in case you lose your job.
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Old 01-02-2016, 01:11 PM
 
4,541 posts, read 1,160,503 times
Reputation: 2143
Quote:
Originally Posted by freemkt View Post
??? ??? ??? ??? ??? ???

I don't know anyone who is on welfare and has an iPhone and a nice car.

Not everyone on welfare has a baby mama mama and a baby daddy flush with cash.
There are tons and tons of people on welfare with iPhone's! Just yesterday I saw a lady with a Coach purse using an ebt card to pay for her groceries lol.
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Old 01-02-2016, 01:18 PM
 
Location: Free From The Oppressive State
30,274 posts, read 23,756,971 times
Reputation: 38702
Quote:
Originally Posted by freemkt View Post
??? ??? ??? ??? ??? ???

I don't know anyone who is on welfare and has an iPhone and a nice car.

Not everyone on welfare has a baby mama mama and a baby daddy flush with cash.
Then you are not paying attention.
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Old 01-02-2016, 01:24 PM
 
Location: Free From The Oppressive State
30,274 posts, read 23,756,971 times
Reputation: 38702
Quote:
Originally Posted by mlassoff View Post
That's strange... I find that the great "people-mover of life" (I like that!) favors some over others. I went to one of the top public high schools in the US. That was followed by a top public university with a top 10 computer science program. My dad was an executive at a venture capital firm and paid for my college education by check. When I came out of college I leveraged my dad's connections for a job at a Fortune 500 company. Even today, I leverage the network I have built through the town I grew up to build my current businesses as an entrepreneur.

I work hard. So does the minimum wage worker, working two jobs.

I live in a beautiful 4 bedroom contemporary home on 3 acres in Connecticut with my partner. I know of families who have 3 kids and a two bedroom apartment. We have two cars and a boat. Others have to travel by public bus....

I have to say that I had some good favor and it certainly was easier for me to achieve success than a kid who grew up in poverty, surround by crime in Bridgeport, CT.

It's not as simple as making bad choices. You have to acknowledge that.

On the other hand, despite the situation you are born in to, in the end you ARE responsible for your choices-- but the path is by no means equal.
Correct. Everyone IS responsible for their choices, but absolutely the path is by no means equal. That is exactly right.

Quote:
Originally Posted by WaldoKitty View Post
But it still comes down to choices that one makes in life. There are lots of kids born into well off families that never amount to anything. That "affluenza" kid in jail in Mexico is an example.

On the other hand I knew a refugee guy that escaped from an oppressive government He ended up in the USA with no money and didn't know English. Despite that he put himself through college, became a mechanical engineer at a US firm and is now doing quite well for himself.

It all comes down to choices.
Listen, I know that it's very easy to believe that this is all that there is to it, but in SOME cases, this isn't all that there is to it. It does not answer for everyone, of course, and in MANY cases you are correct: people made horrific choices and continue to make horrific choices, but to state that this is the end all, be all reason is incorrect. I may have shocked mlassoff to the point of passing out, but he is absolutely right.
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