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Old 01-02-2016, 04:38 AM
 
128 posts, read 79,979 times
Reputation: 125

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For me it indicates that the American dream is basically dead or am I wrong. Also who do you blame government polices, the irresponsiblity of the American people or both.


Most Americans have less than $1,000 in savings - MarketWatch
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Old 01-02-2016, 04:57 AM
 
Location: Londonderry, NH
41,478 posts, read 53,773,642 times
Reputation: 24697
This is not surprising as our economic system is set up to protect and reward the successful. It does not care for anyone that cannot afford to play the game. Hell, most of the people working for WalMart cannot afford to shop there let alone pay rent, own a clunker car to get to work or even feed themselves. We have armies of homeless people including families with kids. Some of those have working adults.


By contrast we have a billionaire running for President. This guy has bankrupted several times yet managed to keep his personal fortune while stiffing his investors. That is because the system protects him while robbing the rest of us. When a working class person gores bankrupt they loose everything to their creditors. Why not The Donald?


One example of this corrupt system is people on welfare cannot have bank accounts let alone savings. These people are excluded from the economy and never have a chance to rejoin because their saving anything would be illegal. We punish our poor and worship our thieves.


Our economy is not bankrupt but our morality certainly is. More people are outraged about a woman showing a nipple in public than care about giving the poor a chance.
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Old 01-02-2016, 05:18 AM
 
Location: New England
1,239 posts, read 1,787,043 times
Reputation: 930
But I bet they have the newest iPhone and drive a nice car.
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Old 01-02-2016, 05:25 AM
 
33,031 posts, read 23,746,774 times
Reputation: 8987
Quote:
Originally Posted by rizzo0904 View Post
But I bet they have the newest iPhone and drive a nice car.

??? ??? ??? ??? ??? ???

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.
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Old 01-02-2016, 05:49 AM
 
128 posts, read 79,979 times
Reputation: 125
Quote:
This is not surprising as our economic system is set up to protect and reward the successful. It does not care for anyone that cannot afford to play the game. Hell, most of the people working for WalMart cannot afford to shop there let alone pay rent, own a clunker car to get to work or even feed themselves. We have armies of homeless people including families with kids. Some of those have working adults.


By contrast we have a billionaire running for President. This guy has bankrupted several times yet managed to keep his personal fortune while stiffing his investors. That is because the system protects him while robbing the rest of us. When a working class person gores bankrupt they loose everything to their creditors. Why not The Donald?


One example of this corrupt system is people on welfare cannot have bank accounts let alone savings. These people are excluded from the economy and never have a chance to rejoin because their saving anything would be illegal. We punish our poor and worship our thieves.


Our economy is not bankrupt but our morality certainly is. More people are outraged about a woman showing a nipple in public than care about giving the poor a chance.
i'm not totally disagreeing with you. However, personally I've see many times immigrants coming to this country with no money, no education, no nothing..And yet in a fews years they're living in a nice home, driving a nice car, etc..They may not be millionaires but there doing ok....How do you explain that?
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Old 01-02-2016, 05:52 AM
 
Location: Santa Monica
32,350 posts, read 12,427,483 times
Reputation: 12507
Why would I have a savings account? You get no return.

Plus it's easier for crooks (aka the government) to steal it when it's in a savings account.
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Old 01-02-2016, 06:03 AM
 
Location: Purgatory
6,321 posts, read 5,189,405 times
Reputation: 9789
Quote:
Originally Posted by No_Recess View Post
Why would I have a savings account? You get no return.

Plus it's easier for crooks (aka the government) to steal it when it's in a savings account.
Seriously. All my cash is in the market. Still subject to losing but I'll take a possible 20% gain over a guaranteed 1% gain.
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Old 01-02-2016, 06:39 AM
 
33,031 posts, read 23,746,774 times
Reputation: 8987
Quote:
Originally Posted by windowtreatments View Post
i'm not totally disagreeing with you. However, personally I've see many times immigrants coming to this country with no money, no education, no nothing..And yet in a fews years they're living in a nice home, driving a nice car, etc..They may not be millionaires but there doing ok....How do you explain that?

Lots of roommates and low low rent?
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Old 01-02-2016, 06:39 AM
 
2,851 posts, read 3,120,029 times
Reputation: 1192
Quote:
Originally Posted by GregW View Post
This is not surprising as our economic system is set up to protect and reward the successful. It does not care for anyone that cannot afford to play the game. Hell, most of the people working for WalMart cannot afford to shop there let alone pay rent, own a clunker car to get to work or even feed themselves. We have armies of homeless people including families with kids. Some of those have working adults.


By contrast we have a billionaire running for President. This guy has bankrupted several times yet managed to keep his personal fortune while stiffing his investors. That is because the system protects him while robbing the rest of us. When a working class person gores bankrupt they loose everything to their creditors. Why not The Donald?


One example of this corrupt system is people on welfare cannot have bank accounts let alone savings. These people are excluded from the economy and never have a chance to rejoin because their saving anything would be illegal. We punish our poor and worship our thieves.


Our economy is not bankrupt but our morality certainly is. More people are outraged about a woman showing a nipple in public than care about giving the poor a chance.

"Working for Walmart" isn't successful. It's the bottom of the employee pyramid. People who actually earn money and save it aren't somehow the enemy you are making them out, they are everyone who understands economic principles. And those people in debt do include people who make more money then me, but then overspend in excess of their income thus putting them down on the list.

Trump used the laws on the books to insulate himself because a corporation has nothing to do with the individual in a legal sense.

Working class people don't lose everything. You file your BK and the court sells off your excess assets in most cases. Hell I know people that still had a house and expensive cars after they filed BK only to run up their debt like it was a video game score. I also know people that voted for the idiot we have in office now because he used government money to cover their mortgage debt. I don't agree with that nonsense at all, I hope you'll join me in condeming those who bought houses they couldn't afford.

Welfare people are on the public dole. If you have enough to cover a savings account then you shouldn't be taking from the community. That's not punishing, that's common sense. Would you keep giving me money if you found out I have $10,000 in savings and just bought an Xbox while you hand $200/wk to me to help with my bills? If you want a savings account, stop sitting on the public dole.


Our economy sucks, partly because people are idiots and partly because our elected official are elected by those same idiots who think the government exists to give them free stuff.
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Old 01-02-2016, 06:51 AM
 
23,463 posts, read 9,432,943 times
Reputation: 11273
Quote:
Originally Posted by windowtreatments View Post
i'm not totally disagreeing with you. However, personally I've see many times immigrants coming to this country with no money, no education, no nothing..And yet in a fews years they're living in a nice home, driving a nice car, etc..They may not be millionaires but there doing ok....How do you explain that?

Hard work, and a willingness to live below their means for years to build a better future.
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