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#4356367 - 05/09/17 02:58 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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Not only those at the top but the shareholders need more and more. Only so much $$ to go around so those further down have to suffer.


There was only 16 squadrons of RAF fighters that used 100 octane during the BoB.
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#4356379 - 05/09/17 04:02 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: KraziKanuK]  
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Originally Posted by KraziKanuK
Not only those at the top but the shareholders need more and more. Only so much $$ to go around so those further down have to suffer.


Shareholders have little to do with it since the company, as a whole, does not contribute to nor profit from the price of the stock.


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#4356382 - 05/09/17 04:11 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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I see the old, tired "class warfare" tactics are still alive and well.


“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
#4356384 - 05/09/17 04:19 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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My above post was intended for PWEC. I have asked it be removed. I had too many tabs open in my browser wink

Deleted two posts at the request of the poster and a reply to it. Erroneous post in Community Hall.

Last edited by oldgrognard; 05/09/17 06:08 PM.

"In the vast library of socialist books, there’s not a single volume on how to create wealth, only how to take and “redistribute” it.” - David Horowitz
#4356391 - 05/09/17 04:38 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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The younger generation in the US needs to embrace a new culture that is more reasonable with debt and consumerism. They are inundated with a constant steady stream of electronic stimulation that tries to subconsciously make them feel they "need" certain things. To quote an R.E.M. lyric, "what we want and what we need has been confused". Every high school student should have to pass a consumer math class. One of the major topics of which should be how interest is accrued in various types of loans, (especially credit cards and pay day loans). Impulse shopping should be discussed too. A facade of status has become too much of a cultural norm.

#4356392 - 05/09/17 04:43 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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There's no way to wind the clock back to a 1950's world. The thread title mentioned by Haggart in his initial post is the result of global demographic and economic trends that have been brewing for a couple of decades and are beyond the control of any one country or politician.


“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
#4356400 - 05/09/17 05:12 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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The 1950's were merely a blip on the screen. That will never happen again. Hell, it took a plague in the Dark Ages to bring economic strength to poor people. People need to look at how immigrants and people who lived thru the depression survived and then thrived. I am not saying it is a cure all, but there are lessons there to be learned.

Last edited by LB4LB; 05/09/17 05:37 PM.
#4356477 - 05/09/17 10:07 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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The main reason the 1950's happened was due to the economic reset button being pressed in 1929, and the second being WW 2, which was due to much pent up rage from the industrial age and... wanting more of the pie.

Last edited by Mr_Blastman; 05/09/17 10:08 PM.
#4356481 - 05/09/17 10:19 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: PanzerMeyer]  
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Originally Posted by PanzerMeyer
Originally Posted by Mr_Blastman

And overall worker productivity has risen from ~101% in 1975 (eyeballing a chart) to 241.1% while being paid LESS.

|



You're looking at it the wrong way. Increased worker productivity means that you don't need as many people to do the same job anymore. Less demand for labor + increasing population = stagnant wages.



Yep, when you have more qualified people competing for a lesser number of jobs available employers can be picky and pay less. Basic supply and demand equation.

“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” --Milton Friedman


"In the vast library of socialist books, there’s not a single volume on how to create wealth, only how to take and “redistribute” it.” - David Horowitz
#4356495 - 05/09/17 10:46 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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Can't remember who said it: "Jobs are merely a byproduct of profit".

#4356516 - 05/09/17 11:21 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: F4UDash4]  
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Originally Posted by F4UDash4
Originally Posted by PanzerMeyer
Originally Posted by Mr_Blastman

And overall worker productivity has risen from ~101% in 1975 (eyeballing a chart) to 241.1% while being paid LESS.

|



You're looking at it the wrong way. Increased worker productivity means that you don't need as many people to do the same job anymore. Less demand for labor + increasing population = stagnant wages.



Yep, when you have more qualified people competing for a lesser number of jobs available employers can be picky and pay less. Basic supply and demand equation.

“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” --Milton Friedman


A lot of people are qualified to run companies and would do so for far less than those running them now. Yet their pay doesn't diminish, it continues to rise at a ridiculous rate. Basic wage inequality 101.

#4356525 - 05/09/17 11:33 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Mr_Blastman]  
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Originally Posted by Mr_Blastman


A lot of people are qualified to run companies and would do so for far less than those running them now. Yet their pay doesn't diminish, it continues to rise at a ridiculous rate. Basic wage inequality 101.



Easy to claim, hard to prove. Supply / demand however has been proven innumerable times.


"In the vast library of socialist books, there’s not a single volume on how to create wealth, only how to take and “redistribute” it.” - David Horowitz
#4356531 - 05/09/17 11:49 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: F4UDash4]  
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Originally Posted by F4UDash4
Originally Posted by Mr_Blastman


A lot of people are qualified to run companies and would do so for far less than those running them now. Yet their pay doesn't diminish, it continues to rise at a ridiculous rate. Basic wage inequality 101.



Easy to claim, hard to prove. Supply / demand however has been proven innumerable times.


Same has sociopathic behavior. It is criminal to watch people suffer for one's own gain.

#4356535 - 05/10/17 12:00 AM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Mr_Blastman]  
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Originally Posted by Mr_Blastman
Originally Posted by F4UDash4
Originally Posted by Mr_Blastman


A lot of people are qualified to run companies and would do so for far less than those running them now. Yet their pay doesn't diminish, it continues to rise at a ridiculous rate. Basic wage inequality 101.



Easy to claim, hard to prove. Supply / demand however has been proven innumerable times.


Same has sociopathic behavior. It is criminal to watch people suffer for one's own gain.



What???


"In the vast library of socialist books, there’s not a single volume on how to create wealth, only how to take and “redistribute” it.” - David Horowitz
#4356588 - 05/10/17 10:59 AM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: LB4LB]  
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Originally Posted by LB4LB
Can't remember who said it: "Jobs are merely a byproduct of profit".



That is correct. When you really look at it, the basic purpose of any business is to fill a demand in the marketplace and to do it at a profit. The basic purpose is not to create jobs. The job creation is incidental to the goal of filling that demand in the marketplace for a certain product or service.


“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
#4356602 - 05/10/17 12:44 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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Agreed. As much as my social democratic side does not like it; the truth is , business is there to make money......not to 'create jobs for people" it always makes me cringe when any government or candidate natters on about "job creation"


Archie Smythe

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#4356755 - 05/11/17 02:27 AM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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I make 80 K and cannot really afford a house in CA .. unless I want to live where I cant walk at night


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#4356824 - 05/11/17 03:22 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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I make even more and still can't afford a house in California but I'm glad i have no desire to live in CA - by October this house will be paid off


"everything lives by a law, a central balance sustains all"
#4356827 - 05/11/17 03:57 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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You probably need to make at least 150k or so per year in order to own a house in the San Fran area.


No exaggeration.

Last edited by PanzerMeyer; 05/11/17 03:57 PM.

“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
#4356838 - 05/11/17 05:09 PM Re: "My Dad Bought a Car and a House in the 80's But I'll Be in My 80's Before I Can Do The Same" [Re: Haggart]  
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Better than my birthplace where you are looking at 2mil$ to buy a house anywhere within 30 minutes of downtown. And an entire area extending south from the city for about 1 1/2 hours drive is all above the 700,000$ price point. These for properties that were worth maybe 200k in the late 90's.

The chart someone posted earlier clearly shows some flaws in current western societies - education has become an enormous scam - knowledge has not changed so much that it deserves the outrageous price increase. Education levels have increased drastically while salaries have come down.

The three most expensive things most people require in much of the US - a house, a car, an education, have skyrocketed, but why.

It makes me glad I decided to work toward a self sufficient life. I produce nearly all my vegetables now, trying to do the same for meat in the near future. When I do settle on a house it'll be something I've built myself. As for cars, I have a weak spot for sports cars but not the new round looking trash that keeps coming out, I love the sports cars from the 90's and early 2000's - powerful and still had proper shapes to differentiate them from all the other crap. I bought a Mazda RX-7 FD for $4,000 and a Skyline R32 GT-R for about the same amount. They both get me around just fine. The Skyline has remarkably good fuel economy if the turbos are shut off with a little computer editing.

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