Unemployment almost 10% nationally

[Dunkopf]

Quote:
If there are jobs available that they are physically and mentally capable of doing, I agree 100%. Of course if someone was making 60k a year and they get laid off they will get the maximum benefit of 1329.00 a month. 60k a year is 5000.00 a month. Just a little bit of a shortfall there. If you have no savings which admittedly would be irresponsible, the you are SOL. These claims about people turning down 10.00 an hour jobs because they can make more than that on unemployment are false. 10.00 an hour=over 1600 per month when you consider that a month is usually more than 20 working days.

The base for unemployment is 50% of your wage up to a maximum of 1329.00 per month. So if you were making minimum wage then you have to live on 1/2 of minimum wage. So I guess if you are a teenager living at home you would be ok. Otherwise you are SOL. Raise your hand if you think if you can live on 1/2 of minimum wage.

You are forgetting if they made the 1600 per month that is gross the net would be alot less, and yes I know some that would not take a 10.00 an hour job, they said so.

There's tax on the unemployment too. So these people may not want a 10.00 an hour job even though it pays more than unemployment. There are bound to be people like that everywhere. They make up a small % of the people on unemployment. Read Organics post. She or He is right on about the whole situation. It would be funny if it wasn't so pathetic. It's like watching lemmings running off a cliff.

 

[I have WHAT in my yard?]

Quote:
Well the avg CEO makes 300x what their average worker makes. I would guess around 5000' or so and I bet I'm low.

Ohh Top .01% Hmmm I am going to say they are as tall as Mount Everest (29,029 feet)..??

ON

DING DING DING We have a winner!! Now think 5'2" standing next to Mt. Everest ---- do you think some one on the top of the mountain can see or hear me??







There is a formula that shows the effect over time on any culture of a wide income gap. The wider the gap, the more unstable both socially and economically the society becomes. The theoretical framework demonstrates that the society inevitably goes through some issue which narrows the gap. The problem is that the "issue" which narrows the gap is often civil unrest, rebellion or financial collapse. I had thought that 2008 was going to be the precursor to the beginning of a financial correction. I was wrong. The top .01% actually managed to widen the gap even further. Most of us who study these things wait with baited breathe. (and well stocked pantries!)

 

[deerman]

No only got the Truck that year, gas used to get to work, have over 42A so yes thats why property tax is that much, some money was made from stock sells....payed income tax on money pull from 401 to pay for Dads Funeral. 10% extra.

 

[pips&peeps]

Quote:
Have you guys seen this? In my mind this is what will happen......

 

[rufus]

The situation is structural, so finger pointing and class warfare are not going to solve anything. We need to control the greed of organized labor and at the same time protect and encourage our own native industries. We need to move from the progressive income tax to tariffs. If the Chinese want to dump their cheap, shoddy merchandise here, make them pay a tariff to get it into the country.

They have dumped so much cheap stuff here until they have broken our own companies. Now so many companies just carry their line of products rather than make their own. It was the only way they could survive. I see Haier air conditioners for sale cheaper than the shipping cost from China. That is dumping and it is illegal and immoral.

And just because a company is headquartered in the US does not mean it is US owned. They have this sneaky way of owning multiple companies in different countries. The product is technically sold to a trading company in a country that has low or no corporate income tax and then resold to a US headquartered company where the product is sold. The profit is taken where they have the lowest tax possible.

China is also no respecter of patent laws. They buy one or two of an item, and then knock of thousands of copies.

Once they have driven a US company into bankruptcy, they swoop in and buy the patents, machinery and technology. Check out the sad history of Schwinn Bicycle. This is repeated over and over.

Until we have someone in Washington with common sense and the fortitude to rectify the situation, I suggest we all just buy stuff in the second hand store rather than something new from China. They may have made money on the original transaction, but not on the resale.

Rufus

 

[Organics North]

Pips I love your chickens..

However your politics...

That clip makes no sense to me. China is a communist country. Everything is owned by the government.. Thats like having a commercial for candy saying it prevents cavities...
It makes zero sense to me

Dunkopf, its He..

IHWIMY...

What did I win?
29000 feet tall compared to 5 foot tall... Wow of course the wealthiest can not even comprehend what it is like way down here...

(You know I cheated to get the answer...

)

ON

 

[rufus]

China is a post communist country. There are so many millionaires living in China now, and they all seem to have been high officers in the Red Chinese Army. Marxist theory is just crap they feed the peons.

A couple of years ago, I checked on the ownership of several large pieces of real estate that my family had to sell in 1980 to pay the death taxes. They were all bought by Chinese investors.

The degree of their economic penetration is unbelievable.

Taxing the wealthy in this country just uses up our own capital. The truly wealthy now live the far east and the middle east. They are well beyond our taxing authority.

Rufus

 

[Organics North]

How does taxing our wealthy use up capitol?
When the money is reinvested in education and heathcare?

I always here what is wrong with the other guys ideas but never any solutions/...

ON

 

[knjinnm]

Quote:
What greed from organized labor?
Are union workers earning 300x's management salaries?
Did organized labor start two wars of choice, one of them based on lies?
Did organized labor ask for tax breaks to out source their own jobs?
Did organized labor ask congress to de-regulate wall street and repeal Glass-Steagal?

When Reagan became president the U.S. debt was $904 billion dollars and coming down. When Reagan left office the U.S. debt was $4 Trillion dollars.
Bush Sr add another $1.5 Trillion. Because of the deficit, not debt, Clinton added another Trillion but managed to balance the budget with a projected surplus.
cheney and bush busted the bank and left office with $10+ TRILLION Dollar debt and a ten year projected deficit of $8-12 Trillion dollars. That means no matter what the U.S. will spend $8-12 Trillion dollars during the ten years starting in 2011.

Corporations and millionaires won, say goodbye to what is left of the middle class.

Demand congress reinstate Glass- Steagal NOW!

 

[knjinnm]

Quote:
Huh! Who is getting paid not to work? Are referring to unemployment insurance that everyone pays into when they are working?

That only pays for the first 26 weeks.....after that the tax payers are paying.

Do you understand the concept of insurance?

As a tax payer I'm ready to make sure all Americans survive even if I have to pay taxes so someone won't end up in the street.

Switch to a transaction tax and tax every financial transaction. Trade in oil futures and pay a trans action tax.

http://www.apttax.com/