User Tag List

+ Reply to Thread
Page 2 of 9 FirstFirst 123456 ... LastLast
Results 11 to 20 of 81

Thread: Bottom 40% Have Negative Net Income

  1. #11
    Points: 100,746, Level: 77
    Level completed: 31%, Points required for next Level: 1,804
    Overall activity: 9.0%
    Achievements:
    SocialYour first Group50000 Experience PointsVeteran
    IMPress Polly's Avatar Senior Member
    Karma
    156220
    Join Date
    Aug 2012
    Location
    Vermont, USA
    Posts
    8,575
    Points
    100,746
    Level
    77
    Thanks Given
    10,232
    Thanked 7,643x in 4,358 Posts
    Mentioned
    634 Post(s)
    Tagged
    0 Thread(s)
    Yeah, it figures that the natural reaction here would be for a bunch of rich people to lecture poorer people for being poorer than they are.

    Common wrote:
    Net income fell starting with bush and plummeted during obamas 8 yrs. There is clearly no doubt that the economy and working americans are faring much better under Trump. Not only is the economy humming there are more people working than in decades and there was an increase in workers average wages across the board.
    Did you even bother to click on the link? I have to ask because the main point contained therein is that the poorer 40% of the population is losing money on balance after you account for increases in the cost of living.

    Captdon wrote:
    Rule #1--Don't spend more than you earn.
    So I guess then no one should get a college education, right? Or no one should ever take out a loan to pay bills or pay for necessities with a credit card when they have no other means, right? Who needs heating in freezing temperatures when you can have a more balanced budget, right?

    Simplistic, condescending suggestions like the above are unhelpful because they are much easier said than done and often cannot be done in my experience.

    MMC wrote:
    Nor do they talk about why the bottom 40% don't ever try to buffer themselves as the top 40% does.
    In response to the last recession, they did! It was called personal savings, which peaked back in 2012. The problem here is that, since that time, the cost of living has risen so much that working people writ large have been forced to exhaust most of that buffer.
    Last edited by IMPress Polly; 08-06-2018 at 02:09 PM.

  2. #12
    Points: 665,213, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Discussion Ender
    Chris's Avatar Senior Member
    Karma
    433307
    Join Date
    Feb 2012
    Posts
    197,542
    Points
    665,213
    Level
    100
    Thanks Given
    31,981
    Thanked 80,896x in 54,714 Posts
    Mentioned
    2011 Post(s)
    Tagged
    2 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Yeah, it figures that the natural reaction here would be for a bunch of rich people to lecture poorer people for being poorer than they are.



    Did you even bother to click on the link? I have to ask because the main point contained therein is that the poorer 40% of the population is losing money on balance after you account for increases in the cost of living.



    So I guess then no one should get a college education, right? Or no one should ever take out a loan to pay bills or pay for necessities with a credit card when they have no other means, right? Who needs heating in freezing temperatures when you can have a more balanced budget, right?

    Simplistic, condescending suggestions like the above are unhelpful because they are much easier said than done and often cannot be done in my experience.



    In response to the last recession, they did! It was called personal savings, which peaked back in 2012. The problem here is that, since that time, the cost of living has risen so much that working people writ large have been forced to exhaust most of that buffer.


    Just whose responsibility do you think it is to not lose money, get an education, save money.


    And the point of the OP link is not that people are losing money but overspending, spending beyond their means. But that doesn't fit your agenda.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

  3. The Following 2 Users Say Thank You to Chris For This Useful Post:

    Captdon (06-12-2019),MMC (08-07-2018)

  4. #13
    Points: 34,178, Level: 45
    Level completed: 16%, Points required for next Level: 1,272
    Overall activity: 0.1%
    Achievements:
    50000 Experience PointsVeteranYour first Group
    jimmyz's Avatar Senior Member
    Karma
    176619
    Join Date
    Jul 2014
    Posts
    11,597
    Points
    34,178
    Level
    45
    Thanks Given
    0
    Thanked 6,315x in 4,381 Posts
    Mentioned
    84 Post(s)
    Tagged
    0 Thread(s)
    Does the "40%" vote Dem?
    " I'm old-fashioned. I like two sexes! And another thing, all of a sudden I don't like being married to what is known as a 'new woman'. I want a wife, not a competitor. Competitor! Competitor!" - Spencer Tracy in 'Adam's Rib' (1949)

    Art thou every retard among us related to thine uncle or mistress by way of moral or illegitimate rendezvous? Thus, we are one side of the other's coin by luck or pluck. - Jimmyz

  5. #14
    Points: 84,523, Level: 70
    Level completed: 87%, Points required for next Level: 327
    Overall activity: 12.0%
    Achievements:
    Tagger Second Class50000 Experience PointsSocialVeteran
    Captdon's Avatar Senior Member
    Karma
    12826
    Join Date
    Aug 2017
    Location
    Charleston South Carolina
    Posts
    38,294
    Points
    84,523
    Level
    70
    Thanks Given
    67,690
    Thanked 12,837x in 10,134 Posts
    Mentioned
    161 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by The Xl View Post
    Ever since we went off the gold standard, the poor and working classes have had their wealth stolen via runaway inflation. Fractional Reserve Banking is theft.
    If we had stayed on the Gold Standard we would be mostly poor. There isn't enough gold in the world to support our economy. We nay have yo have "faith and trust" but it's better tan not enough money. granted, Standard almost always prevented inflation, but the Standard also made wage increase neatly an unknown thing.

    The average wage in 1900 was 450 dollars a year. In 1875 it was 450 dollars. No wage increase for those 25 years. In 1930 the average wage was 1965. The Great Depression lowered all wages bit the Gols Standard kept wages down. We effectively left the Gold standard in 1933. Once the Depression was over inflation became the norm but wages went up.
    Liberals are a clear and present danger to our nation
    Pick your enemies carefully.






  6. #15
    Points: 84,523, Level: 70
    Level completed: 87%, Points required for next Level: 327
    Overall activity: 12.0%
    Achievements:
    Tagger Second Class50000 Experience PointsSocialVeteran
    Captdon's Avatar Senior Member
    Karma
    12826
    Join Date
    Aug 2017
    Location
    Charleston South Carolina
    Posts
    38,294
    Points
    84,523
    Level
    70
    Thanks Given
    67,690
    Thanked 12,837x in 10,134 Posts
    Mentioned
    161 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Yeah, it figures that the natural reaction here would be for a bunch of rich people to lecture poorer people for being poorer than they are.



    Did you even bother to click on the link? I have to ask because the main point contained therein is that the poorer 40% of the population is losing money on balance after you account for increases in the cost of living.



    So I guess then no one should get a college education, right? Or no one should ever take out a loan to pay bills or pay for necessities with a credit card when they have no other means, right? Who needs heating in freezing temperatures when you can have a more balanced budget, right?

    Simplistic, condescending suggestions like the above are unhelpful because they are much easier said than done and often cannot be done in my experience.



    In response to the last recession, they did! It was called personal savings, which peaked back in 2012. The problem here is that, since that time, the cost of living has risen so much that working people writ large have been forced to exhaust most of that buffer.
    I never said what you think I said. Put your glasses on. I said if your debts get out of control you are in trouble. There is nothing wrong with buying a house with a loan to replace the rent payment. It's wrong to borrow to buy a house that's 30% higher. When you can't pay all your credit cards you are in trouble. That's not condescending, it's the simple truth.

    Yes, anyone working can do it. It means putting things off. That's what people won't do. that's when they get into trouble. Yes, it's their problem and i feel nothing for them unless it's from medical bills. Why should I be concerned by your irresponsibility?

    Just because you didn't do it only means you couldn't do it. It means nothing more than that.
    Last edited by Captdon; 08-06-2018 at 05:45 PM.
    Liberals are a clear and present danger to our nation
    Pick your enemies carefully.






  7. The Following User Says Thank You to Captdon For This Useful Post:

    Chris (08-06-2018)

  8. #16
    Original Ranter
    Points: 388,252, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    70166
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    89,892
    Points
    388,252
    Level
    100
    Thanks Given
    54,131
    Thanked 39,163x in 27,727 Posts
    Mentioned
    243 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Yeah, it figures that the natural reaction here would be for a bunch of rich people to lecture poorer people for being poorer than they are.

    Yes the richer people don't mind lecturing poorer people on how to save money, and to make their money work for them. Don't mind getting poor people to invest their money and their time and teaching about budgeting money.

    Did you even bother to click on the link? I have to ask because the main point contained therein is that the poorer 40% of the population is losing money on balance after you account for increases in the cost of living.

    They are losing money because they are spending money. Spending more than they should.

    So I guess then no one should get a college education, right? Or no one should ever take out a loan to pay bills or pay for necessities with a credit card when they have no other means, right? Who needs heating in freezing temperatures when you can have a more balanced budget, right?

    How did you figure that in about no one should get a college education. Shouldn't you be looking at that College isn't for everyone? Or that for many going to college doesn't mean they need to go to some out of state University. Whats the matter with Community College? Moreover why take from Peter to pay Paul. You still have to Pay Peter back. So why Pay out more money than what one would normally pay. That loan and that credit card comes with interest.

    Simplistic, condescending suggestions like the above are unhelpful because they are much easier said than done and often cannot be done in my experience.

    Well I just got done showing that is false about what cannot be done.

    In response to the last recession, they did! It was called personal savings, which peaked back in 2012. The problem here is that, since that time, the cost of living has risen so much that working people writ large have been forced to exhaust most of that buffer.



    American prosperity of Trump era marks real turning point in history.....


    By Arthur Laffer
    July 27, 2018





    Gross domestic product, or GDP, is the measure of choice when assessing the health of any economy, especially in the United States. GDP, which is measured at annual rates, includes the value of production of all goods and services produced in a country. In the one year since President Trump took office, the first quarter of 2017 through the first quarter of 2018, real GDP grew at a 2.55 percent annual rate. This is higher than the growth for six of the eight years former President Obama was in office, or even five of the eight years when former President George W. Bush was in office.


    Source: http://thehill.com/opinion/white-hou...-story-socials



    Personal savings huh? The poor and lower middle class haven't had personal savings wherein they could cover their rent for a couple of months including their utility costs, nor food and gas. Not because they never had the money. But because they never thought to put that money away and not touch it. Instead it was spend on whatever instant gratification that was more important at the time.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  9. The Following 2 Users Say Thank You to MMC For This Useful Post:

    Captdon (08-07-2018),Chris (08-07-2018)

  10. #17
    Original Ranter
    Points: 388,252, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    70166
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    89,892
    Points
    388,252
    Level
    100
    Thanks Given
    54,131
    Thanked 39,163x in 27,727 Posts
    Mentioned
    243 Post(s)
    Tagged
    0 Thread(s)
    Millions Drop Off Food Stamps Under Trump, Small Business Optimism Soars to All-Time High.....


    Since President Trump took office in January 2017, the U.S. economy has made a much needed turn around.


    According to new numbers recently released by the U.S. Department of Agriculture, millions of Americans have left welfare checks behind after the program ballooned to record recipients under President Obama.


    Further, a new Gallup poll shows small business optimism just hit an all time high. Here's why:


    -Current financial situation -- 78% of small-business owners rate it as very or somewhat good, compared with 73% in the second quarter of 2018.
    -Cash flow in the past 12 months -- 69% rate it as very or somewhat good, versus 63% in the second quarter.
    -Cash flow expectations in the next 12 months -- 77% very or somewhat good, compared with 72% last quarter.
    -Credit availability in the next 12 months -- 49% say it will be very or somewhat easy to get credit, versus 44% in the second quarter.





    https://townhall.com/tipsheet/katiep...trump-n2507310



    Imagine that!
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  11. #18
    Points: 17,291, Level: 31
    Level completed: 85%, Points required for next Level: 159
    Overall activity: 0.1%
    Achievements:
    VeteranTagger Second Class10000 Experience Points
    Sergeant Gleed's Avatar Senior Member
    Karma
    2046
    Join Date
    Mar 2014
    Location
    Right Now? The Planet Gand
    Posts
    4,872
    Points
    17,291
    Level
    31
    Thanks Given
    492
    Thanked 2,038x in 1,586 Posts
    Mentioned
    14 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    A remarkable new study published by Ashlyn Still and Jonathan Spicer for Reuters reveals that fully 40% of Americans currently have a negative net income, which means that their living expenses exceed their annual incomes. In act, according to this study, even the middle quintile of the population -- the average American -- is only barely above water financially, and the margin has collapsed.
    Know what that means?

    It means they have to cut up their credit cards and stop spending money they don't have.

    Problem solved.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

  12. The Following User Says Thank You to Sergeant Gleed For This Useful Post:

    MisterVeritis (08-08-2018)

  13. #19
    Points: 17,291, Level: 31
    Level completed: 85%, Points required for next Level: 159
    Overall activity: 0.1%
    Achievements:
    VeteranTagger Second Class10000 Experience Points
    Sergeant Gleed's Avatar Senior Member
    Karma
    2046
    Join Date
    Mar 2014
    Location
    Right Now? The Planet Gand
    Posts
    4,872
    Points
    17,291
    Level
    31
    Thanks Given
    492
    Thanked 2,038x in 1,586 Posts
    Mentioned
    14 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common View Post
    Net income fell starting with bush and plummeted during obamas 8 yrs. .
    Socialism sucks.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

  14. The Following User Says Thank You to Sergeant Gleed For This Useful Post:

    MisterVeritis (08-08-2018)

  15. #20
    Points: 17,291, Level: 31
    Level completed: 85%, Points required for next Level: 159
    Overall activity: 0.1%
    Achievements:
    VeteranTagger Second Class10000 Experience Points
    Sergeant Gleed's Avatar Senior Member
    Karma
    2046
    Join Date
    Mar 2014
    Location
    Right Now? The Planet Gand
    Posts
    4,872
    Points
    17,291
    Level
    31
    Thanks Given
    492
    Thanked 2,038x in 1,586 Posts
    Mentioned
    14 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Yeah, it figures that the natural reaction here would be for a bunch of rich people to lecture poorer people for being poorer than they are.
    Gee, it's such a mystery, to spend less than you earn to avoid debt.

    More people need to go to college, for $250,000 that they can't repay, to learn this lesson.

    High schools and parents can't teach complicated stuff like this.

    Did you even bother to click on the link? I have to ask because the main point contained therein is that the poorer 40% of the population is losing money on balance after you account for increases in the cost of living.
    Just wait until the socialists make everything free and see how much it costs them.

    There will be dinner dates at the San Diego Zoo when the nation gets a case of full-blown socialism.

    So I guess then no one should get a college education, right?
    You mean, they shouldn't pay $250,000 to a private university to get an engineering degree, or finance it with loans that will take them more than 20 years to pay back?

    No, they should not.

    You mean, they shouldn't pay $250,000 to a private university to do "studies" with no hope of ever getting a real job and no hope of ever paying back a loan? That's fraud.

    No, they really shouldn't.

    Or no one should ever take out a loan to pay bills or pay for necessities with a credit card when they have no other means, right? Who needs heating in freezing temperatures when you can have a more balanced budget, right?
    Generally, no.

    They're doing something wrong with their finances (like making babies when they can't afford to) and they need to straighten their lives up.

    This adulting stuff is sooooo complicated, isn't it?

    No, it's not.

    Simplistic, condescending suggestions like the above are unhelpful because they are much easier said than done and often cannot be done in my experience.
    Then they drown in debt.

    Doesn't seem to be my problem.

    Why didn't their parents teach them?

    Why aren't their parents helping them?

    If they're so useless their own parents don't want to help them, I certainly shouldn't be asked to interfere.

    In response to the last recession, they did! It was called personal savings, which peaked back in 2012. The problem here is that, since that time, the cost of living has risen so much that working people writ large have been forced to exhaust most of that buffer.
    Why has to cost of living risen?

    Taxes.

    Obama's treasonous efforts to destroy US domestic energy production.

    Obama's treasonous regulations.

    Invaders driving down wages. (They're also properly called "illegal aliens". Bet you don't use that one, either).

    Unfair trade agreements that drove the balance of trade heavily negative. (YEA! Trump!!!! WooWooWoo!!!)

    Democrats and RINOs.

    But we finally have an American in the White House, first time in 28 years....things will be getting better. for the AMERICANS.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts