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Originally Posted by BananaStand
You keep repeating yourself man. And it's not really even relevant. The economy in 1945 was a completely different animal than it is now. You really can't be making these comparisons.
You keep talking about a balanced budget. Sure, it sounds good, but it doesn't necessarily help poor people.
False. GDP per capita has been going up, consistently, for over 60 years now.
It DOES make everyone else wealthier. Household income is up. Alot.
https://en.wikipedia.org/wiki/Househ..._thru_2014.png
See those two huge dips in the early 90's and middle 2000's. Coincidentally, those were the periods where were were ruled by tax & spend democrats!
Dude....c'mon. You can't say Bush passed large tax cuts on the wealth, and then say that discontinuing those tax cuts (which obama did) isn't a "large tax increase". When you pass a tax cut, and then repeal it, the effects are opposite....but EQUAL. If Obama didn't pass a "large tax increase", then Bush didn't pass a "large tax cut". You can't have it both ways.
Get a job!
What the F man? A few posts ago your family was among the top 10% wealthiest in the country. Now you're complaining about not getting enough government subsidies? Isn't your family the exact people you want to pay more??
I get it now. You only support policies that you perceive as hurtful to people you perceive as having more than you do.
Jealousy is NOT an economic policy
https://www.fool.com/retirement/2016...me-how-do.aspx
My family is wealthy, I'm not. Even when I worked I was poor. LOL I remember in 2004, I worked at a restaurant, and no shit, my wage was $2.13 an hour. I was so pissed to see how little my wage was, and the tips were only like $4 an hour, just barely more than minimum wage. I purposely got fired about 4 weeks into that job. And I had no way of knowing if my managers were skimming my tips, which is a well known practice that managers do to low wage employees in this country.
I once helped a private contractor refinish a wood floor for several days. Refinishing floors, come on, that's not easy work. I estimated my hourly on that job, to be roughly $6.50 an hour. Almost a waste of time, but I guess I got some experience in refinishing wood floors, not that I ever put it to use.
Another time I got a job at a Pizza restaurant. Delivery. Didn't even pay an hourly (is that even legal?) Between the price of 93 octane gas which was about $3 a gallon in January of 2006 I believe, wear and tear on my car, and my tips, I was actually practically volunteering for them. Definitely made sure I got fired from that job as well.
Most my jobs paid shitty, to the point where I didn't even like working. Even when I had a clean legal record, the jobs that I got were really bad paying, to the point it just pissed me off lol. It's one thing to come home from work, economically way better off but pissed off. I had the worst of both worlds, I come home from work, I'm still totally making a poverty level wage, and pissed off. That's why I left the work force, and I'm a lot happier. I might get back into it, we'll see. I've been entertaining the thought.
My best paying job, paid $13 an hour by the end of it, started out at $11 an hour. So I was finally making about $1250 a month, but after rent, food, utilities, cable and internet, insurance on my car, and gas, I had about $200 left over. I had a long commute, and my commute to the University was about 35 miles and I estimated I had to pass through 20 different police jurisdictions to get there, possibly more, and a huge portion of them were these notorious speed traps, and I had a car that just STUCK OUT like a sore thumb, and cops LOVED to fuck with me.
So a cop would nab me for 12mph over the speed limit, and immediately wipe out the next 6 weeks of disposable income. Just infuriated me. That's another reason I quit working, when the commute alone is risky enough that you can lose 6 weeks of disposable income for a low level traffic offense, it's almost a gamble, going to work. The sad thing about that job, is of the part-time temp's working there, I was probably the highest paid if we compared salaries, so every other low level employee had it worse than me. And that job had no paid vacation, sick, dental. You don't show up to work, you fall behind on making payments on everything.
One job, after 6 months, you get a raise, but you only get 1 raise, and that's your pay cap for that job from here on out. I was a bagger at a grocery store, 6 months in, I got more work experience than 90% of the baggers there due to the baggers figuring out that it's a lot of hard work for really bad pay. My raise? Fucking $.10 an hour. Pissed me off so bad. What's the point of the raise? God damn insult, work 100 more hours just to make $10 extra? Fuck that. Every bagger at that grocery turned to stealing out of purses women left behind to make up the difference.
Then I went to college full time so I didn't have a lot of time for work, and had a small part time job at a daycare. I got biweekly paychecks of like $135, or $67.50 a week. That was such a bad wage, (the wage was so bad, I turned to drug dealing to make up the difference, which paid a lot better, and was a lot less work, albeit a shit ton more legally risky).
When I think about all my jobs I've held, not a single one of them, did I have enough disposable income left over after bills to afford something as basic as health insurance.
Family plays the market, I got everything I need. Money bags mom, can make more money with the click of a mouse than I can in 6 months of working at the restaurant. No commute, I don't have to worry about cops wiping out huge portions of disposable income either.
You're right GDP per capita has gone up. Median Household INcome, which is what the ordinary American makes, has stagnated. There's a huge divergence between GDP per Capita and Median Household Income.
https://en.wikipedia.org/wiki/File:U...old_income.png
Which lead me to this article in the wikilinks.
https://en.wikipedia.org/wiki/Income..._United_States
Pretty much accurately sums up everything I've been saying in the whole article.
"The U.S. ranks around the 30th percentile in income inequality globally, meaning 70% of countries have a more equal income distribution."
So our society is going to be known for it's remarkable, socioeconomic inequalities within a few decades. I guess we're trying to beat El Salvador, which had 2% of the population taking in 95% of the nations income. Sounds lovely.
edit: https://www.youtube.com/watch?v=MTCen9-RELM When I did work, this was the song I played the most in my work station. Although some of my jobs I didn't work nearly as hard as the guy mentioned in the song, but I definitely felt like him.
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