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There is another very, very important factor. It use to be a man could not get "any play" unless he, at least had the appearance of economic stability and the ability to provide for a family.
Nothing incentivizes a man like the prospect of some trim.
Unfortunately, these days, that only seems to matter to women looking for a relationship. Even worse many women are willing to give side action to the ne'erdowells while they cuckold out the steady responsible guy they have their primary relationship with.
So there is little incentive for a guy to man up any more. He can get all the benefits of being a provider without actually being one.
Women have always liked bad boys . That's not the reason
[MISSING THE POINT FLAG ON]
The remedy to the dropping value of the money system is not to INCREASE WAGES.
That's just going to cause more inflation, and more loss of buying power.
. . .
Tell Congress to stop inflation.
No, messing with interest rates won't end inflation. And this unstoppable inflation is not caused by "too much money chasing too few goods." We're in a money drought.
. . .
To really stop inflation, Congress has to STOP TAXING BUSINESS AND LABOR.
Remember, whenever you place a tax on something, its cost must go UP.
Tax labor, labor costs go up. Tax business, and its goods and services must go UP.
The only sure way to kill inflation is to abolish all socialist taxes. . . including FICA.
now, the study is FOS too, since "average" earnings are much higher than the MEDIAN earnings they are using. But it's just a reporter assigned to finance; we shouldn't expect better knowledge.
[MISSING THE POINT FLAG ON]
The remedy to the dropping value of the money system is not to INCREASE WAGES.
That's just going to cause more inflation, and more loss of buying power.
. . .
Tell Congress to stop inflation.
No, messing with interest rates won't end inflation. And this unstoppable inflation is not caused by "too much money chasing too few goods." We're in a money drought.
. . .
To really stop inflation, Congress has to STOP TAXING BUSINESS AND LABOR.
Remember, whenever you place a tax on something, its cost must go UP.
Tax labor, labor costs go up. Tax business, and its goods and services must go UP.
The only sure way to kill inflation is to abolish all socialist taxes. . . including FICA.
[MISSING THE POINT FLAG ON]
The remedy to the dropping value of the money system is not to INCREASE WAGES.
That's just going to cause more inflation, and more loss of buying power.
. . .
Tell Congress to stop inflation.
No, messing with interest rates won't end inflation. And this unstoppable inflation is not caused by "too much money chasing too few goods." We're in a money drought.
. . .
To really stop inflation, Congress has to STOP TAXING BUSINESS AND LABOR.
Remember, whenever you place a tax on something, its cost must go UP.
Tax labor, labor costs go up. Tax business, and its goods and services must go UP.
The only sure way to kill inflation is to abolish all socialist taxes. . . including FICA.
Most didn't borrow money to go on vacation .
Most didn't borrow money to buy cars.
Most lived within their means.
They weren't out buying new cars every 3 years, financing toys like boats, atvs, TVs, dirt bikes, home theater systems, etc.
My Grand father never took a loan in his life. He died at 102 years old. His favorite saying about money was "worth having, worth saving for." That lesson saved me from a good many mistakes. I never financed a toy or a vacation. EVER. Yes I financed cars. Never more than 48 months and never when the interest was higher than my conservative investments were paying. I also kept them forever. 8+ years.
If the average male can't cover basic expenses then that male either has an entry level job or he has buried himself in debt.
I don't know why people constantly seem to go to the extremes here.
As I mentioned earlier in the thread, my rent has increased 18% in 2 years. I'm in a far-flung suburb with no public transit links to the nearest big economic center and quite a long commute. Housing prices have gone up even more than that.
Throw in $2000 a month minimum for childcare costs (per child), cost of commuting from somewhere that's affordable, and increase healthcare costs and it's really hard not to see how average people struggle.
Some people absolutely throw away money on cars, toys, eating out, and vacations, but that's not the root of the problem. Quite frankly, I don't know *any* of these mythical people with new cars, boats, ATVs, dirt bikes, etc. I'm not one of those people, but I'm watching my budget get squeezed and my hopes of homeownership get further and further away. I'm conservative with my money and was nowhere close to living paycheck to paycheck. Someone who might have been doing OK 2 years ago in my apartment complex may be finding themselves unexpectedly living paycheck to paycheck with no other change in circumstance than rent increases.
When I was born in the late 80s, my father made less than I do (given inflation) but was able to support a wife and two children on that income, including buying a condo, going on regular vacations, and having two late-model cars. He only had a high school diploma. Contrast that with today where I have a master's degree, working on an MBA (no student loan debt thanks to scholarships and tuition remission), and a semi-technical managerial job that pays above the household average and yet all I can afford is to rent a 1 bedroom apartment. The increased cost of living compared to the increases in wages is much more of a common problem than this mythical strawman buying up all the boats and going on all the vacations.
I have quite a few older relatives who were able to buy homes and have families in the 70s and 80s with service or factory jobs. They're not people cut out for high level work, and that was fine - they did OK. They even could afford a vacation every now and then. People 20-30 years younger than them with the same ability and intelligence level are living with multiple roommates today because those wages barely support a single person, much less a family and homeownership.
I don't know why people constantly seem to go to the extremes here.
.
Because their minds are closed and it supports their preconceived (simplistic) notions about what's wrong with society - as if anything really is. Nothing is but things change as they have always done. More people more problems - different issues.
The world is a smaller place. Competition is global. The US can no longer count on being a leader in most areas of employment.
Take cars for example - are they safer, more efficient, are they better ? Yes undoubtedly so and the cost of most of them has consistently lagged behind inflation. You can say the same about almost all consumer goods. However wages are stagnant or declining in real purchasing power. That is the problem. If you are wealthy and have your wealth tied up in non-depreciating assets then you are richer now than ever before. However if you are poorer or don't have a stock/asset portfolio then you have it worse.
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