The GOP's Absurd Plan for the Economy: Lowering YOUR Wages

[lawrocket 3]

Quote

Ah.. another TRUE BELIEVER...

Nope... none of that MILITARY INDUSTRIAL complex got a dime from all that GOVERNMENT LARGESSE...

No one on Wall Street made out like thugs....

I would say the 1%ers did pretty damn good from 1980 on

Isn't that exactly what I wrote? That the government seized and gave money to the winners?

You seem to suggest giving money to the prior losers.

I suggest keeping it except for spending it on what I want and/or need.

My wife is hotter than your wife.

[Amazon 7]

Quote

Quote

What was the deficit at when Ronnie brought us HIS version of a balanced budget in 1981 again????

If I remember correctly, you voted for Ronald Reagan.

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

RONNIE..... LIED to the American people about balancing the budget....

I guess you and your ILK have been good with that ever since

MMMMM TRICKLE.... MMMMMMM

[Butters 0]

Quote

Quote

Quote

What was the deficit at when Ronnie brought us HIS version of a balanced budget in 1981 again????

If I remember correctly, you voted for Ronald Reagan.

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

RONNIE..... LIED to the American people about balancing the budget....

I guess you and your ILK have been good with that ever since

MMMMM TRICKLE.... MMMMMMM

Do you know who I've voted and vote for? No. Let's talk about all those f**king stupid people who voted for Reagan and got the ball rolling ...

"That looks dangerous." Leopold Stotch

[Amazon 7]

Quote

Quote

Quote

Quote

What was the deficit at when Ronnie brought us HIS version of a balanced budget in 1981 again????

If I remember correctly, you voted for Ronald Reagan.

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

RONNIE..... LIED to the American people about balancing the budget....

I guess you and your ILK have been good with that ever since

MMMMM TRICKLE.... MMMMMMM

Do you know who I've voted and vote for? No. Let's talk about all those f**king stupid people who voted for Reagan and got the ball rolling ...

Some of us LEARNED from our mistakes..... most of you.. CERTAINLY have not and look where the deficit is based on GOAT FUCK STUPID tax policy

[shah269 0]

I have a very close friend who works for the world bank.
As he put it "Over the next 20 years, with in the US the rich will continue to become richer via the ability to lend out their liquid assets and to take advantage of developing markets while the middle class with next to no liquid assets will evaporate and become a vast lower class. Expect your home value to drop substantially while your returns on your small investments such as your 401k to just keep up with inflation all the while being paid less and less and things costing more and more. The winner isn’t any nation or any one company rather the winner will be a finite number of people of a given status. Not even a good education is a method by to assure that you will not end up on the poor house when you are 65."

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[kelpdiver 2]

Quote

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

?? Until 1999, Carter had the lowest deficits in decades. Now given the malaise, maybe not the best strategy, and certainly Reagan took a different approach to spending.

[Butters 0]

Quote

Quote

Quote

Quote

Quote

What was the deficit at when Ronnie brought us HIS version of a balanced budget in 1981 again????

If I remember correctly, you voted for Ronald Reagan.

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

RONNIE..... LIED to the American people about balancing the budget....

I guess you and your ILK have been good with that ever since

MMMMM TRICKLE.... MMMMMMM

Do you know who I've voted and vote for? No. Let's talk about all those f**king stupid people who voted for Reagan and got the ball rolling ...

Some of us LEARNED from our mistakes..... most of you.. CERTAINLY have not.

So you were allowed to make mistakes when you were young but other people aren't allowed to make mistakes when they're young ... got it. What did you learn from you mistakes? I have to ask because your mistakes got the ball rolling but whatever you claim to have learned hasn't stopped the ball yet ...

PS: You appear to believe I belong to a certain party and have voted and will vote for certain people. Can you prove it? No, because you don't know who I voted and will vote for ...

"That looks dangerous." Leopold Stotch

[kelpdiver 2]

Quote

I have a very close friend who works for the world bank.
As he put it "Over the next 20 years, with in the US the rich will continue to become richer via the ability to lend out their liquid assets and to take advantage of developing markets while the middle class with next to no liquid assets will evaporate and become a vast lower class. Expect your home value to drop substantially while your returns on your small investments such as your 401k to just keep up with inflation all the while being paid less and less and things costing more and more.

sounds like he's full of it.

how exactly will the rich continue to make money, but the middle class cannot? Developing markets are quite accessible from your 401k or IRA. I do think he's right in that the 20 year house as an investment boom is over.

[DaVinci 0]

Quote

you seem quite happy with wages going up for the rich but not the average worker - strange...

Maybe I am one of those evil rich people?

Or maybe I understand economics and know that artificially inflating wages past the point of sustainability will result in a crash... Ya know, just like the one the car manufacturers had?

You seem to be quite happy with artificially inflated wages for low skill jobs and govt hand outs - Strange...

[DaVinci 0]

Quote

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

That is not possible.... You said Reagan started the deficit....

[shah269 0]

Quote

sounds like he's full of it.

how exactly will the rich continue to make money, but the middle class cannot? Developing markets are quite accessible from your 401k or IRA. I do think he's right in that the 20 year house as an investment boom is over.

Simple, the more liquid assets you have the greater the potential to make more money. And please your little 401k is nothing compared to what is being pushed around.

but let me brign it down from 30k ft. Say you own a small company making shoes. You need money to expand but the bank wont give you any money due to your risk level is determined to be too high. So what do you do? Well you can always turn to "angle" funds. Via using a company such a Chase a group of well to do individuals could loan you funds at a rate and terms they so choose. So what do you do? You take the higher rate loans to be able to expand your business.....it may work out it may not...but those who lent you the money....they will do well either way.

The system is not set for the average person. Unless you have well over $100k liquid assets you are nothing but just a number. At $100k you can maybe protect yourself and your assets.

There has never been a better time to be very very very well off. You have a population who knows no better. The Zars couldn't have asked for more!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[dreamdancer 0]

Quote

inflating wages past the point of sustainability will result in a crash...

which is what the rich did with their handouts to themselves to cause the banking crash..

(and which the average worker is now paying for)

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[kelpdiver 2]

Quote

Simple, the more liquid assets you have the greater the potential to make more money. And please your little 401k is nothing compared to what is being pushed around.

but let me brign it down from 30k ft.

better bring it down further, because it's still nonsense, if good populist ramblings.

The mutual fund that those 401k invest in have billions each. More than but a handful of people on earth. My company manages trillions of dollars. That's close to 100 times more money than Buffet or Gates has.

Hedge funds are only available to high net worth people, but I think it's been made clear lately that hedge funds are much better for the managers than it is for the investors. They haven't been showing the returns to warrant the 2 and 20 fees.

The system is not set for people who live paycheck to paycheck. But that's been true forever. Think back to The Jungle or The Grapes of Wrath for this issue in different eras.

People who save 15% of their income will do fine. If you're not doing that, probably shouldn't be skydiving. If 100k is your threshold for safe - well most of us should be passing that early in our 30s.

[DaVinci 0]

Quote

which is what the rich did with their handouts to themselves to cause the banking crash..

That does not eliminate the fact that unions did the same thing.... that they are now paying for.

[shah269 0]

Hum...how can I put it....
Who do you think benefits from lower average income or reduced value of property or capital?

Once you have that figured out all will be clear.

As for comparing a 401k vs someone who is liquid enough to loan out a few 100K to a small business who do you think makes more? The 401k or the group making the small high interest rate loan?

The rich will get much richer, the poor will die off and the middle class will either become the new poor or move off to Mexico. And nope the rich won't care. Why? Why do you think they need the middle class in the US when you have a global middle class to make money off of?

Please don't be small minded. Don't hedge your bets on small issues. If you are simply distracted by these little issues you will never see the true system.
Guns, gays, babies....all that is the small stuff.
Look at the big stuff.
Look at the liquidity of the middle class now vs 40 years ago. And please don't fall into the "but the middle class is stupid and has over extended it self." The middle class now is no different than the middle class of the late 60's. We still eat the same ammount of food and consume a little less energy.
The over all price we pay for these things has increased while the pay has stayed the same.

Again who profits from pay staying the same while costs increasing?

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Amazon 7]

Your body of work.. leads me lay odds on you voting for ANYTHING that styles itself as a Tea Bagging Conservative...

[dreamdancer 0]

Quote

Quote

which is what the rich did with their handouts to themselves to cause the banking crash..

That does not eliminate the fact that unions did the same thing.... that they are now paying for.

so, according to your logic - the unions crash the system and the average worker pays the price. yet strangely when the rich crash the system the average worker still pays the price. methinks your logic doesn't stack up. if unions had managed to keep wages up to match productivity we wouldn't be in the financial mess we are in now...

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[Amazon 7]

Quote

Quote

Yes I did.... I was APPALLED at the 700 BILLION deficit under Carter.

That is not possible.... You said Reagan started the deficit....

Nah.. he only tripled it.. I guess you missed that huh...

And his fellow travellers.. tripled that...

[Amazon 7]

Quote

Quote

sounds like he's full of it.

how exactly will the rich continue to make money, but the middle class cannot? Developing markets are quite accessible from your 401k or IRA. I do think he's right in that the 20 year house as an investment boom is over.

Simple, the more liquid assets you have the greater the potential to make more money. And please your little 401k is nothing compared to what is being pushed around.

but let me brign it down from 30k ft. Say you own a small company making shoes. You need money to expand but the bank wont give you any money due to your risk level is determined to be too high. So what do you do? Well you can always turn to "angle" funds. Via using a company such a Chase a group of well to do individuals could loan you funds at a rate and terms they so choose. So what do you do? You take the higher rate loans to be able to expand your business.....it may work out it may not...but those who lent you the money....they will do well either way.

The system is not set for the average person. Unless you have well over $100k liquid assets you are nothing but just a number. At $100k you can maybe protect yourself and your assets.

There has never been a better time to be very very very well off. You have a population who knows no better. The Zars couldn't have asked for more!

Preaching to the serfs and peasants is like having a meaningfull conversation with a box of rocks.... you get frustrated.. and the box of rocks... is still just that.

[lawrocket 3]

[Reply]Simple, the more liquid assets you have the greater the potential to make more money. And please your little 401k is nothing compared to what is being pushed around.

[DaVinci 0]

Quote

so, according to your logic - the unions crash the system and the average worker pays the price. yet strangely when the rich crash the system the average worker still pays the price.

That's not strange.

Quote

if unions had managed to keep wages up to match productivity we wouldn't be in the financial mess we are in now...

Maybe true, but what Unions actually did was jack up the wages well above productivity.

[DaVinci 0]

You claimed Reagan started the mess... So your position, once again is not logical.

[Amazon 7]

Quote

You claimed Reagan started the mess... So your position, once again is not logical.

MMMMM TRICKLE MMMMMMMMMM

Have enough for the pen yet???

[Butters 0]

Quote

Your body of work.. leads me lay odds on you voting for ANYTHING that styles itself as a Tea Bagging Conservative...

You might want to work on your reading and or comprehension skills then ... actually, just go back to your fantasy.

"That looks dangerous." Leopold Stotch

[kelpdiver 2]

Quote

Preaching to the serfs and peasants is like having a meaningfull conversation with a box of rocks.... you get frustrated.. and the box of rocks... is still just that.

I'm sorry, but your recent history with your investments shows you to be unqualified to even participate in this conversation, let alone try to shovel out the above. You are the serf, and it cost you a ton of money.

as for Shah - he speaks well to your kind, but gives no advice of value. Fatalism is not healthy for your future wealth. And he's grossly overstated the advantages of the wealthy.