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Old 07-22-2018, 11:45 AM
 
Location: Los Angeles (Native)
25,303 posts, read 21,313,757 times
Reputation: 12313

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Quote:
Originally Posted by lifeexplorer View Post
I have yet to see anybody still make the minimum wage and be perpetually “poor” if they do the following:

1. Show up on time.
2. Do what’s been told.
4. Obey the law.
5. Live within their means including not having kids that they can’t afford.

True. As much as people want to complain about outside forces 'keeping them down'. Most people are their own worst enemy.
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Old 07-22-2018, 11:47 AM
 
7,302 posts, read 3,370,225 times
Reputation: 4812
Quote:
Originally Posted by Tonyafd View Post
Marc,

This is not theft. People have been promised trickle down dollars since Paul Volcker was chairmen of the FED
Trickle down dollars can only manifest in more jobs, not more spending power for people at the same nonexistent skill level (and even above). Only supply and demand pressures can change their wages. If their wages are artificially changed, the market will always adjust to nullify the effects of those changes as a matter of natural economics. See my prior post in this thread for one explanation of how that occurs.

Quote:
Since the rich laugh all the way to the bank with the scam they call "Supply Side Economics",
Hyperbolic propaganda.

Quote:
Rises in the minimum wage is trickle down, but legislated trickle down.
No it isn't. Only an increase in jobs is trickle down. The market benefit of all artificial wage raising, over .01 cent, is always nullified by the market.

In other words, if you actually received "trickle down" (not supply and demand mediated) wage raises in the past you would not know it because the market has long since worked to nullify those artificial wage raises.

However, as I before stated, this is not what occurred. All trickle down economic benefit has only and can only result in an increase in job volume.

If you want "trickle down" wage raises then your best bet would be to be very strict on immigration.

Quote:
Over the last 30 years economic disparity between the very rich and everyone else has increased.
Can you show your numbers? Who are you including in the "very rich" and "everyone else" categories? Is Jeff Bezos skewing the curve or are we excluding people of his caliber so that the data set isn't distorted?

"Everyone else" is living better than they ever have in human history, and even from decades ago. I fail to see how a difference between the rich and the poor is relevant when everyone's quality of life is increasing. The problem with uneducated Marxists, who see only economic self interest, is that they tend to lack historical perspective.

Quote:
As this continues you will see larger numbers of political candidates in inner city areas declare themselves as socialist.
The only thing driving that is an increase in minority numbers. This is is concert with their identical behavior in the third world nations in which they live. They think that they can legislate themselves into prosperity. Its little better than making a wish, and the results are horrific for everyone. It can work in highly homogeneous societies of high functioning individuals, but we don't have that here.

Quote:
Unless large numbers of people who think like you turn against the one tenth of 1% who are making unbelievable amounts of money, people like you and I will pay higher prices for everything
That's not how pricing works.
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Old 07-22-2018, 11:51 AM
 
20,577 posts, read 19,237,490 times
Reputation: 8174
Quote:
Originally Posted by lifeexplorer View Post
I have yet to see anybody still make the minimum wage and be perpetually “poor” if they do the following:

1. Show up on time.
2. Do what’s been told.
4. Obey the law.
5. Live within their means including not having kids that they can’t afford.
Not being a single parent seems to work wonders in that regard.
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Old 07-22-2018, 12:00 PM
 
20,577 posts, read 19,237,490 times
Reputation: 8174
As usual the left and the right get it all wrong.

The idiot leftists think importing even more workers is going to help the buying power of the poor. Lot of these workers are undocumented and ignorant making it even worse. They think minimum wage laws is going to fix it where it will just make a few poor richer at the expense of the unemployed poor. For some odd reason Republicans seem to understand this.


Meanwhile trickle down doesn't work. The Republicans are delusional and beyond instruction on this issue. The lefties seem to know this, but they are too lazy and stupid to find out why or how to articulate it.

Last edited by gwynedd1; 07-22-2018 at 12:57 PM..
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Old 07-22-2018, 12:15 PM
 
7,654 posts, read 5,072,400 times
Reputation: 5036
Quote:
Originally Posted by Marc Paolella View Post
Oh yes. Absolutely favor removing vagrants and loiterers from spaces they do not own and should not be occupying. I am OK with a bum quietly sitting against a tree in a park, provided he is not part of a collection of said bums. But the aggressive vagrants who are in your face? Rikers Island please.


There is no "losing their job and house". That's a bull$hit trope. Anyone capable of getting to the point in life where they own a home and have a good job should have already saved or should already be saving 3 years of income in case of unemployment. It's not that hard. Let's outline the basic steps that even a retard could follow.


Buy or rent a home you can afford such that 10-20% of your net pay goes to savings and you can still comfortably pay the mortgage or the rent for the home. Buy smaller and in a worse location if necessary. Rent with roommates if necessary. Saving 3 years of income for emergencies should be a primary life step. Once the 3 years are saved, which is basic common sense, you will never lose your job and be homeless. Or have problems with "food security". Or any of the other leftist sob story nonsense that is usually trotted out to justify theft and redistribution.


Which, by the way, the left doesn't care about homelessness or food security or cheeeeeeldren. They care MOST about envy, and punishment of the good for being the good. That's their dirty little secret. Too bad I know it and am publishing it. The cat is out of the bag.
I don’t know anyone with a 3 year emergency fund, 6 months seems to be the norm and that is woefully inadequate to find a new professional job.
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Old 07-22-2018, 12:23 PM
 
Location: Brooklyn, NY.
566 posts, read 500,223 times
Reputation: 475
Anyone wearing sunglasses while walking past that coffee shop must be a celeb... indeed.
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Old 07-22-2018, 12:25 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,313,757 times
Reputation: 12313
Quote:
Originally Posted by pittsflyer View Post
I don’t know anyone with a 3 year emergency fund, 6 months seems to be the norm and that is woefully inadequate to find a new professional job.

You probably do know some , but they likely don't talk about it. Most people don't like to state how much savings or money they have.

Even many wealthy people might act 'broke' because they don't want people asking them for money.
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Old 07-22-2018, 12:37 PM
 
11,337 posts, read 10,980,437 times
Reputation: 14993
Quote:
Originally Posted by pittsflyer View Post
I don’t know anyone with a 3 year emergency fund, 6 months seems to be the norm and that is woefully inadequate to find a new professional job.
It is inadequate, which is why 3 years is the correct norm. You want time to chill before hitting LinkedIn. And you don't want to have to take the first offer. Good savings equals low stress equals happy life.
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Old 07-22-2018, 12:38 PM
 
11,337 posts, read 10,980,437 times
Reputation: 14993
Quote:
Originally Posted by gwynedd1 View Post
As usual the left and the right get it all wrong.

The idiot leftists think importing even more workers is going to help the buying power of the poor. Lot of these workers are undocumented and ignorant making it even worse. They think minimum wage laws is going to fix it where it will just make a few poor richer at the expense of the unemployed poor. For some odd reason Republicans seen to understand this.


Meanwhile trickle down doesn't work. The Republican are delusional and beyond instruction on this issue. The lefties seem to know this, but they are too lazy and stupid to find out why or how to articulate it.
We don't need anything trickling down, or up. Earn your own money on your own terms. Bring value to people and get paid. No trickling necessary.
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Old 07-22-2018, 12:40 PM
 
11,337 posts, read 10,980,437 times
Reputation: 14993
Quote:
Originally Posted by EddieB.Good View Post
3 years of salary saved @ 10-20% savings rate... Lol. I feel like you're referring to something you obviously didn't understand.
You forgot the seed money and the appreciation. The 10-20% savings is something you do for life.
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