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Old 01-24-2016, 05:10 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212

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Quote:
Originally Posted by freemkt View Post
??? I don't recall ever saying it's my choice. My choice is to work at home 12 hours a day and build my little niche into a million-dollar operation.

Great, then you can rent a bigger room.
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Old 01-24-2016, 05:15 PM
 
33,016 posts, read 27,458,643 times
Reputation: 9074
Quote:
Originally Posted by BobNJ1960 View Post
Great, then you can rent a bigger room.

400 sq ft would be enough space and would not increase my expenses one cent, because it would allow me to move my inventory out of a rented storage unit and thereby dispense with that expense. Except that the upfront costs are an obstacle.
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Old 01-24-2016, 09:16 PM
 
Location: the very edge of the continent
89,023 posts, read 44,824,472 times
Reputation: 13711
Quote:
Originally Posted by jetgraphics View Post
Methinks the figures are "cooked."
(Could be due to using GDP)
IIRC, when I dug into the U.S. Dept. of Commerce Statistical Abstracts, the gubmint was snarfing down 20% of the GNP (plus or minus), from 1950s onward. (this was late 1980s).

If we focus on SPENDING, it's nasty.

http://www.census.gov/govs/statetax/05staxrank.html
US Per Capita Government Spending for 2016 - Charts
2012 GDP: $15.6 T, U.S. population : 314.1 M, Per Capita : $49665.71

★ Federal spending, per capita : $12,083.0 (percentage of GDP: 24%)
★ State spending, per capita : $ 4,454.10 (percentage of GDP: 9%)
★ Local spending, per capita : $ 5,308.4 (percentage of GDP: 11%)

Summed up, combined government spending takes (approx) 44% of the GDP.

If you’re one of the donors (tax payers), you’re working 44% (or more) of your life to support “their spending habit”.

If you're one of the recipients, HALLELUJAH !
Good point.
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Old 01-24-2016, 09:36 PM
 
Location: the very edge of the continent
89,023 posts, read 44,824,472 times
Reputation: 13711
Quote:
Originally Posted by NCN View Post
The rich get tax breaks, the poor get free benefits. The middle class is already doing more than it should and is carrying the entire nation on its back. When the backs of the middle class go--there goes the nation.
How do the rich get tax breaks? They pay the highest tax rates. What's a "tax break" about that?

Quote:
Because transfer payments are, in effect, the opposite of taxes, it makes sense to look not just at taxes paid, but at taxes paid minus transfers received. For 2009, the most recent year available, here are taxes less transfers as a percentage of market income (income that households earned from their work and savings):

Bottom quintile: -301 percent
Second quintile: -42 percent
Middle quintile: -5 percent

Fourth quintile: 10 percent
Highest quintile: 22 percent

Top one percent: 28 percent


The negative 301 percent means that a typical family in the bottom quintile receives about $3 in transfer payments for every dollar earned.

The most surprising fact to me was that the effective tax rate is negative for the middle quintile. According to the CBO data, this number was +14 percent in 1979 (when the data begin) and remained positive through 2007. It was negative 0.5 percent in 2008, and negative 5 percent in 2009. That is, the middle class, having long been a net contributor to the funding of government, is now a net recipient of government largess.
Harvard University Department of Economics - Greg Mankiw: The Progressivity of Taxes and Transfers
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Old 01-24-2016, 09:52 PM
 
32,068 posts, read 15,062,274 times
Reputation: 13687
Quote:
Originally Posted by InformedConsent View Post
What do you mean by unpaid? Neither my spouse nor I, nor our adult children ever had internships that didn't pay. If you're interning for free, you're doing it wrong.

$100 for books plus lower costs would have been the wise route. No reason you couldn't escape your dysfunctional family by going to a state school. If you had living expenses out of state, you could have done the same at a state school.
freemkt is doing nothing wrong. Very few organizations pay their interns. Although many give college credits. You must be one of the few lucky ones to have got paid.
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Old 01-24-2016, 09:59 PM
 
Location: the very edge of the continent
89,023 posts, read 44,824,472 times
Reputation: 13711
Quote:
Originally Posted by natalie469 View Post
freemkt is doing nothing wrong. Very few organizations pay their interns.
Wow. That just hasn't been our, our childrens', our friends', or their childrens' experience.
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Old 01-24-2016, 10:11 PM
 
32,068 posts, read 15,062,274 times
Reputation: 13687
Quote:
Originally Posted by InformedConsent View Post
Wow. That just hasn't been our, our childrens', our friends', or their childrens' experience.
Honestly, all interns should be paid. I think it's horrible that they aren't. I think it depends on the company. My nephew who graduated with an engineering degree worked as an unpaid intern for almost 8 months before they finally hired him.
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Old 01-24-2016, 11:38 PM
 
Location: Texas
38,859 posts, read 25,538,911 times
Reputation: 24780
Quote:
Originally Posted by InformedConsent View Post
Would you have been proud to be a parasite for those 48 working folk years?
Didn't have any concern over it since I was working.

You?

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Old 01-25-2016, 05:44 AM
 
Location: the very edge of the continent
89,023 posts, read 44,824,472 times
Reputation: 13711
Quote:
Originally Posted by natalie469 View Post
Honestly, all interns should be paid. I think it's horrible that they aren't. I think it depends on the company. My nephew who graduated with an engineering degree worked as an unpaid intern for almost 8 months before they finally hired him.
Was that just recently? I'm not really understanding how an engineering undergrad intern doesn't get paid. My oldest went to Purdue for engineering and had 3 summer internships, all paying about $25/hour. Maybe Purdue just has a better partnership with major companies seeking interns as an employee recruiting strategy?

Hell, companies like Heinz, etc., flew her out for face to face interviews (admittedly, only the final candidates) just for summer internships.
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Old 01-25-2016, 05:48 AM
 
Location: the very edge of the continent
89,023 posts, read 44,824,472 times
Reputation: 13711
Quote:
Originally Posted by Old Gringo View Post
Didn't have any concern over it since I was working.

You?
I've WAY overpaid in taxes over the years for what I get from the government in return. Still am, as I'm unwinding my business. Just sent another quarterly estimate on the 15th.
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