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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 Americanwho 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?
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.
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.
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 Americanwho 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.
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.
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.
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.
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.
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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