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Even with inflation in 1970. It only took 1 worker
- Thread starter KINGOFSHORTS
- Start date
It's amazing how hard people in the richest country on earth can whine when they put their mind to it. Some of you need to take a short trip to Cambodia or somewhere similar, it might give you a bit of perspective.
To those who are knuckling down and thinking constructively, good on you. That is why the US will still be one of the world's pre-eminent places. It's a shame to see whining loser-socialism getting such a foothold there nowadays.
To those who are knuckling down and thinking constructively, good on you. That is why the US will still be one of the world's pre-eminent places. It's a shame to see whining loser-socialism getting such a foothold there nowadays.
Quote from Sandybestdog:
See, you canât give real life examples like this around here. Once these people realize all their bashing on the middle class and poor is flawed, they simply stop posting. Watch this. Give some more real life examples, and this thread will be more dead than a turkey on Thanksgiving. They want to blame everything on the poor people who Clinton allowed to get mortgages. They think peopleâs cable bill is the reason they live paycheck to paycheck.
So taking this extravagant lifestyle that you laid out here, what luxuries does anybody suggest we live without? These stats are actually on the low side. 1 bedroom apartments start at $900 where I live. My HMO plan with the highest co-payâs possible is $272 a month for just me (24 years old). I canât imagine what it would cost for a family of 4. What about the mechanic. Now, they work hard and all, but how come everytime I go there it is at least $500? Doesnât matter what it is, but itâs always at least that much and sometimes more. You also forgot to add in the 25% interest credit cards that people have despite their perfect payment history.
I keep hearing this âlive within you means.â But nobody gives any examples. Take the above scenario. If this family is still spending what more than they make, what things does everybody suggest that they give up? Their health insurance? Their food? Should they live in a shack instead of an apartment? Somebody please explain what living whithin your means is when you are already doing that! Talk is cheap. Letâs starting talking about real life situations. What should this family give up.
Here is my list of luxuries
Cell phone - $70 a month
Blockbuster - $36
Movie theatre(once a month, no popcorn) - $10
Cable/internet - $20
Bottled water, 2 a day 20 cents each, - $12
I canât really think of anything else right now. So all my luxuries add up to â¦.. $148 a month. Wow thatâs just about what my car insurance is alone.
Gotta love people who think having a $900 a year cellphone habit and a car equates to poverty.
When I first moved out of home, I paid £20 ($30) per week to live in someone's attic, and took public transport to my minimum wage job. I had no heating let alone tv or cellphone in the place. A car would have been laughable. The place was a total ghetto dominated by social housing, crime, noise, dirt, and human scum.
Fast forward one decade, and people the age I was back then are now whining for handouts and living way beyond their means, instead of knuckling down, cutting expenses to the bone, and working hard to get ahead. I'm glad because it means I don't have much to fear from younger competition, you are weak and lazy and will get eaten alive if you try to compete in the workplace with that attitude.
You just proved Makloda's point. You are a spoiled brat.
A house is only worth what the banks will lend you,tried to buy a 2 flat in chicago,lincolnpark 1983, $70k,same property 2005,$850k,the banks made a killing in that time gobbbling up all the smaller banks,coglomerating,they made a fortune and hoarded it somewhere,now we are bailing them out,these figures are from memory but in 1975 your total income per month allowed 8 % for housing, today that has to be 40% for a new kid out of college making 25k, renting for $800 a mo. ,throw in an $800 mo.college loan payment and the banks have taken all this kids cash,the worst part is they are lending us our money,taxes we paid,fed lends it to the banks,back to us...they have built a cant win situation and we are saving them and not ourselves,soon we will all be out of work and the system will be toast,that is when they will realize it's time to let the banks fail,after the money is gone.
Quote from ammo:
A house is only worth what the banks will lend you,tried to buy a 2 flat in chicago,lincolnpark 1983, $70k,same property 2005,$850k,the banks made a killing in that time gobbbling up all the smaller banks,coglomerating,they made a fortune and hoarded it somewhere,now we are bailing them out,these figures are from memory but in 1975 your total income per month allowed 8 % for housing, today that has to be 40% for a new kid out of college making 25k, renting for $800 a mo. ,throw in an $800 mo.college loan payment and the banks have taken all this kids cash,the worst part is they are lending us our money,taxes we paid,fed lends it to the banks,back to us...they have built a cant win situation and we are saving them and not ourselves,soon we will all be out of work and the system will be toast,that is when they will realize it's time to let the banks fail,after the money is gone.
This is true. I've seen it first-hand.
Sandybestdog does make some excellent points. The problem is that he has very little room to talk until he goes out and tries to change his life in some way.
Go to school, get a degree, or learn a trade and then come back to tell me that you can barely get by. Until you do that, nobody is going to take you seriously.
Think about what youâre saying. Youâre deligitimizing issues raised on this thread by telling people, well at least they have it better than someone in Cambodia. What kind of argument is that? Are you a lawyer? Cause if a lawyer used stupid logic like that they would lose every case.Quote from Cutten:
It's amazing how hard people in the richest country on earth can whine when they put their mind to it. Some of you need to take a short trip to Cambodia or somewhere similar, it might give you a bit of perspective.
To those who are knuckling down and thinking constructively, good on you. That is why the US will still be one of the world's pre-eminent places. It's a shame to see whining loser-socialism getting such a foothold there nowadays.
Please point out 1 socialistic thing I have said on this thread. Just because you question the rich and corporation for their business practices, doesnât make me a Socialist. You guys throw around that term way too much.
This is a very true statement that you will never understand. When the middle class sees no chance of getting ahead, they will inevitably give up and vote for higher taxes. When there credit cards are going to 25% for no reason, when their health insurance is going up 15% a year, when their jobs keep getting shipped overseas, eventually they wonât be able to keep up and they will give up. However, ignoranant people like you will never realize this.
Quote from indexer:
When incomes for the middle class stagnate or decline and upward mobility is cut off, people no longer have an incentive to hold down taxes on the rich. Only when the middle class is upwardly rising do people think, one day I could be rich, lets hold taxes down. When hope is cut off, it is easy to say, what the heck, increase taxes on those making more than $250k, I will never make that much.
Again you are really missing the point here. Do you really think people are hurting now because of their cell phone billâs? You missed the whole point of that post. I listed every âluxuryâ I pay on a monthly basis and all of it put together was equal to just over half of just my health insurance. You are bashing people for spending a few dollars on some luxuries, and say nothing of the thousands they spend on necessities like food and health care and transportation and eduaction. All of which are continuously costing more and more. Cell phone prices have been stagnant for years, health insurance on the other hand is going up 15% a year. Yet you bash the cell phone bill! Keep up with your retarded logic and we will see the United Socialist States of America before you know it.Quote from Cutten:
Gotta love people who think having a $900 a year cellphone habit and a car equates to poverty.
When I first moved out of home, I paid £20 ($30) per week to live in someone's attic, and took public transport to my minimum wage job. I had no heating let alone tv or cellphone in the place. A car would have been laughable. The place was a total ghetto dominated by social housing, crime, noise, dirt, and human scum.
Fast forward one decade, and people the age I was back then are now whining for handouts and living way beyond their means, instead of knuckling down, cutting expenses to the bone, and working hard to get ahead. I'm glad because it means I don't have much to fear from younger competition, you are weak and lazy and will get eaten alive if you try to compete in the workplace with that attitude.
You just proved Makloda's point. You are a spoiled brat.
BTW I never said that was poverty. And I use my car for my job. I bought it with 176k miles for $2000. I love it when people like you say we should live within our means, but never point which items we should live without. If I lived without all my luxuries, it would save $148 a month. You think that is going to change my financial situation?
Iâve read some of your posts and from what I gathered you went the traditional route. Went to college and now are starting it in you entry level job and trying to move up. That is very good of you. I went to school for 2 semesters and dropped out because I didnât want to take out loans. I donât really like school anyways. I like working. I didnât go the traditional route like you. I wanted to start businesses and invest and get ahead that way. If you read some of my other threads, youâll see Iâve tried a lot of things and spent tens of thousands doing it. Just because I have no âeducationâ or âskillsâ doesnât mean Iâm a lazy bum who sits around and wants everybody else to give him everything.Quote from forextrades:
This is true. I've seen it first-hand.
Sandybestdog does make some excellent points. The problem is that he has very little room to talk until he goes out and tries to change his life in some way.
Go to school, get a degree, or learn a trade and then come back to tell me that you can barely get by. Until you do that, nobody is going to take you seriously.
To say that I have done nothing to change my life is so wrong that I wonât even respond to it. Just because change hasnât happened, doesnât mean I havenât worked my butt off for 7 years to try to make it happen.
I don't understand why the middle class can't be rich today?
I come from a lower middle class family. An emigrant family with no formal education beyond the 7th grade that started with EUR 500 (in todays money) in the 70s in Western Europe.
Today I'm rich.
It's not easier or harder to become rich today than it was 35 years ago. Does it mean any working class kid can become a millionaire? Probably not. A certain element of chance is always involved, e.g. to be be in good health. But harder today "than in the good ole' times?". I disagree strongly.
And Sandy, complaining how terrible the times are now for working class that has to live in a 1BR, have a mobile phone and goto the movies once a month is not socialist or communist, it's something else: it's pathetic whining.
My parents were never in the cinema, their entire life. They never had a cell phone. They never drove a car, their entire life. And they never ever complained about how tough times were or how they have to swim upstream. Thus I never learned to complain and bitch. There is a big difference between analyzing your situation and taking disciplined steps for improving your finances and basically giving up and blaming your own misery on others -- the rich, the politicians, the Fed, inflation etc. etc.
I am sorry to say it openly, but that is a typical attitude that is used by people who gave up already on the inside but are not able to openly admit this fact to themselves.
Accepting facts and unemotionally analyzing circumstances directly influencable by you (not the Fed, the politicians etc. but rather things like education, career path and planning, city you live in, people you hang out with, monthly costs, investment strategy) is the first step you should consider.
I come from a lower middle class family. An emigrant family with no formal education beyond the 7th grade that started with EUR 500 (in todays money) in the 70s in Western Europe.
Today I'm rich.
It's not easier or harder to become rich today than it was 35 years ago. Does it mean any working class kid can become a millionaire? Probably not. A certain element of chance is always involved, e.g. to be be in good health. But harder today "than in the good ole' times?". I disagree strongly.
And Sandy, complaining how terrible the times are now for working class that has to live in a 1BR, have a mobile phone and goto the movies once a month is not socialist or communist, it's something else: it's pathetic whining.
My parents were never in the cinema, their entire life. They never had a cell phone. They never drove a car, their entire life. And they never ever complained about how tough times were or how they have to swim upstream. Thus I never learned to complain and bitch. There is a big difference between analyzing your situation and taking disciplined steps for improving your finances and basically giving up and blaming your own misery on others -- the rich, the politicians, the Fed, inflation etc. etc.
I am sorry to say it openly, but that is a typical attitude that is used by people who gave up already on the inside but are not able to openly admit this fact to themselves.
Accepting facts and unemotionally analyzing circumstances directly influencable by you (not the Fed, the politicians etc. but rather things like education, career path and planning, city you live in, people you hang out with, monthly costs, investment strategy) is the first step you should consider.