Capitalism, The Fed and Economic Policy
Comments
-
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.Scio me nihil scire
There are no kings inside the gates of eden0 -
If you don’t think that a company being able to devastate an entire town because of profits is a bad thing and a sign of the problems of capitalism, I don’t think you have a heart or soul.Lerxst1992 said:mrussel1 said:
You said they never said anything about profits. A loss is lost profits. It’s clearly about profits. I didn’t opine as to whether the company had other levers to pull or whether the closing was the right thing to do. I don’t know enough. But claiming it’s not about profits is really absurd.Lerxst1992 said:mrussel1 said:
Are you being intentionally naive or obtuse? Corporations exist to maximize shareholder value. You can define that by profit, Ebit, net income, or other financial metrics. But any decision they make is fundamentally connected to value.Lerxst1992 said:static111 said:
The sad thing is it could happen to anyone in any industry in any town or city at any time. I have driven through old abandoned towns it’s just sad that profits always get put before people.mrussel1 said:
That was a really sad article.josevolution said:Although it’s a sad story, Where in that article are profits discussed?
“ Tyson says it’s closing the plant to “right-size” its beef business after a historically low cattle herd in the U.S. and the company’s expected loss of $600 million on beef production next fiscal year.”You don’t think losing 600mm affected their profit?Are you? Their beef business is losing money. There are no profits in their beef business.
is this how your business operates? Just give up your silliness always “protecting your friends” at any cost.The issue is within that town. The beef segment that scaled back had no profits and Tyson overall is hurting financially. Companies have the right to manage by segment, and that one had no profits. Companies typically dont stay in business by keeping units open that nearly drain all company resources, as is the case here. Sounds like what you want is that town to be subsidized by other Tyson segments. Your employer may have more in common, why don’t you subsidize that segment and cover the employment costs for that town? Being it to the bosses and get rewarded. More handouts. Good solutions.Scio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:
If you don’t think that a company being able to devastate an entire town because of profits is a bad thing and a sign of the problems of capitalism, I don’t think you have a heart or soul.Lerxst1992 said:mrussel1 said:
You said they never said anything about profits. A loss is lost profits. It’s clearly about profits. I didn’t opine as to whether the company had other levers to pull or whether the closing was the right thing to do. I don’t know enough. But claiming it’s not about profits is really absurd.Lerxst1992 said:mrussel1 said:
Are you being intentionally naive or obtuse? Corporations exist to maximize shareholder value. You can define that by profit, Ebit, net income, or other financial metrics. But any decision they make is fundamentally connected to value.Lerxst1992 said:static111 said:
The sad thing is it could happen to anyone in any industry in any town or city at any time. I have driven through old abandoned towns it’s just sad that profits always get put before people.mrussel1 said:
That was a really sad article.josevolution said:Although it’s a sad story, Where in that article are profits discussed?
“ Tyson says it’s closing the plant to “right-size” its beef business after a historically low cattle herd in the U.S. and the company’s expected loss of $600 million on beef production next fiscal year.”You don’t think losing 600mm affected their profit?Are you? Their beef business is losing money. There are no profits in their beef business.
is this how your business operates? Just give up your silliness always “protecting your friends” at any cost.The issue is within that town. The beef segment that scaled back had no profits and Tyson overall is hurting financially. Companies have the right to manage by segment, and that one had no profits. Companies typically dont stay in business by keeping units open that nearly drain all company resources, as is the case here. Sounds like what you want is that town to be subsidized by other Tyson segments. Your employer may have more in common, why don’t you subsidize that segment and cover the employment costs for that town? Being it to the bosses and get rewarded. More handouts. Good solutions.* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.
Particularly given that they think that a corporation, Tyson, whose profit has been approximately $2.885B over the past three years is "hurting financially."09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.
And those damn immigrants. Taking all the free stuff. From the linked article:
The school district, where at least 20 languages and dialects are spoken, has higher high school graduation and college attendance rates than the state and national average, and one of Nebraska’s biggest marching bands. Residents are proud of the diversity and the tightknit community, where young people return to raise families.
Bienestar corporativoes bueno, Bienestar de las personas es muy malo:He knows it’s unlikely. Asked by The Associated Press for comment about plans for the site, Tyson said in a statement that it “is currently assessing how we can repurpose the facility within our own production network.” It did not provide details, or say whether it plans to offer support to the community through the plant closure.
Many, including City Manager Joe Pepplitsch, are hoping Tyson puts the plant up for sale and a new company comes in bringing jobs. That isn’t a quick fix, requiring time, negotiations, renovations and no guarantee of comparable jobs.
“Tyson owes this community a debt. I think they have a responsibility here to help ease some of the impact,” he said, noting Tyson doesn’t pay city taxes due to a deal negotiated decades ago.
I look forward to the defense of Corporate Welfare, particularly for ones with $2.8B in profits over three years.
09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Sounds like you're agreeing that profits were the driver. Duh. Why did it take you so long to come to the same conclusion? Again, your reading comprehension is suffering and seems to be directly tied to your dive into AI, but that's just a presumption. Let me quote myself to counter your statement about what you think I "want" the company to do...Lerxst1992 said:mrussel1 said:
You said they never said anything about profits. A loss is lost profits. It’s clearly about profits. I didn’t opine as to whether the company had other levers to pull or whether the closing was the right thing to do. I don’t know enough. But claiming it’s not about profits is really absurd.Lerxst1992 said:mrussel1 said:
Are you being intentionally naive or obtuse? Corporations exist to maximize shareholder value. You can define that by profit, Ebit, net income, or other financial metrics. But any decision they make is fundamentally connected to value.Lerxst1992 said:static111 said:
The sad thing is it could happen to anyone in any industry in any town or city at any time. I have driven through old abandoned towns it’s just sad that profits always get put before people.mrussel1 said:
That was a really sad article.josevolution said:Although it’s a sad story, Where in that article are profits discussed?
“ Tyson says it’s closing the plant to “right-size” its beef business after a historically low cattle herd in the U.S. and the company’s expected loss of $600 million on beef production next fiscal year.”You don’t think losing 600mm affected their profit?Are you? Their beef business is losing money. There are no profits in their beef business.
is this how your business operates? Just give up your silliness always “protecting your friends” at any cost.The issue is within that town. The beef segment that scaled back had no profits and Tyson overall is hurting financially. Companies have the right to manage by segment, and that one had no profits. Companies typically dont stay in business by keeping units open that nearly drain all company resources, as is the case here. Sounds like what you want is that town to be subsidized by other Tyson segments. Your employer may have more in common, why don’t you subsidize that segment and cover the employment costs for that town? Being it to the bosses and get rewarded. More handouts. Good solutions.
"I didn’t opine as to whether the company had other levers to pull or whether the closing was the right thing to do." - mrussel10 -
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.0 -
tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus now
https://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3 0 -
I think we are starting to see the start of some major changes in employment levels. There are some restaurant groups in the metro Indy area that are starting to close and I think there is going to be a domino effect.
I have noticed with some restaurant clients that the PPP money saved them from certain closure and allowed them to regroup and sustain for the last few years but with the economy tightening and available labor dropping they are going back to pre-covid financial issues.
I think it's going to get ugly real quick.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Wait so Johnny Joey or Billy are not going to fill those jobs or Barbara and Sue won’t be waitressing 🤷♂️ I thought for sure they would fill that spaceGern Blansten said:I think we are starting to see the start of some major changes in employment levels. There are some restaurant groups in the metro Indy area that are starting to close and I think there is going to be a domino effect.
I have noticed with some restaurant clients that the PPP money saved them from certain closure and allowed them to regroup and sustain for the last few years but with the economy tightening and available labor dropping they are going back to pre-covid financial issues.
I think it's going to get ugly real quick.jesus greets me looks just like me ....0 -
You know the GOP is going to try and blame the minimum wage increases when they can.josevolution said:
Wait so Johnny Joey or Billy are not going to fill those jobs or Barbara and Sue won’t be waitressing 🤷♂️ I thought for sure they would fill that spaceGern Blansten said:I think we are starting to see the start of some major changes in employment levels. There are some restaurant groups in the metro Indy area that are starting to close and I think there is going to be a domino effect.
I have noticed with some restaurant clients that the PPP money saved them from certain closure and allowed them to regroup and sustain for the last few years but with the economy tightening and available labor dropping they are going back to pre-covid financial issues.
I think it's going to get ugly real quick.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
And I’m the one that gets tagged for doomerism vibes in the other topic, lol!Gern Blansten said:I think we are starting to see the start of some major changes in employment levels. There are some restaurant groups in the metro Indy area that are starting to close and I think there is going to be a domino effect.
I have noticed with some restaurant clients that the PPP money saved them from certain closure and allowed them to regroup and sustain for the last few years but with the economy tightening and available labor dropping they are going back to pre-covid financial issues.
I think it's going to get ugly real quick.0 -
And maybe I will get tagged as well.Lerxst1992 said:
And I’m the one that gets tagged for doomerism vibes in the other topic, lol!Gern Blansten said:I think we are starting to see the start of some major changes in employment levels. There are some restaurant groups in the metro Indy area that are starting to close and I think there is going to be a domino effect.
I have noticed with some restaurant clients that the PPP money saved them from certain closure and allowed them to regroup and sustain for the last few years but with the economy tightening and available labor dropping they are going back to pre-covid financial issues.
I think it's going to get ugly real quick.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
people had just as much crap the bought yesteryear that they do today. I'd argue people are even going the opposite route these days with minimalism becoming a trend. Every picture I saw from the 70's (and living it) people had tones of crap laying around the house.tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
the biggest driver is inflation has way overshot wages.Your boos mean nothing to me, for I have seen what makes you cheer0 -
Lerxst1992 said:tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus nowhttps://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3Throwing this video out there again…he makes good arguments for both sides, but starts off with many stats as to how the mid 80s had far worse economic stats than now.0 -
Plus, any chance to get that Regan mask out there…0
-
Not how we grew up. I use my living style and my other familys.HughFreakingDillon said:
people had just as much crap the bought yesteryear that they do today. I'd argue people are even going the opposite route these days with minimalism becoming a trend. Every picture I saw from the 70's (and living it) people had tones of crap laying around the house.tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
the biggest driver is inflation has way overshot wages.0 -
So the guy in this said that the economics is not math yet uses math to prove his point?Lerxst1992 said:tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus nowhttps://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3
A few other things here. Early 80's I know were rough. I also live in NY so most of these points go right out the window.
I am speaking from my vantage point and how we grew up.0 -
tempo_n_groove said:
So the guy in this said that the economics is not math yet uses math to prove his point?Lerxst1992 said:tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus nowhttps://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3
A few other things here. Early 80's I know were rough. I also live in NY so most of these points go right out the window.
I am speaking from my vantage point and how we grew up.He says it right at the outset, by almost all metrics it was worse in the 80s…income, wealth, inflation, unemployment and poverty were all worse.The biggest issue is the govt has one way to pay down the national debt, and that’s managing inflation, and making it look better than it actually is, he does make that point.Everything in our domestic economy results from quantitative easing and financial suppression. This has converted the economy from labor based to investment based. So the trick is to own assets, hence all the Netflix, Starbucks and Mr Wonderful jokes.
No matter what someone like mamdani wants to do, he can not change the fundamental way the economy operates, and can not out manage the govt and fed, and if he pushes too hard, his policies will get crushed by the financial might in this country. Let him have some small wins, but overall, he is a spec in comparison to the US economy. But the left would rather laugh than invest.0 -
Hasn't the case always been investing? As long as the people invest then the stockmarket looks good. Once they pull out its starting all over again.Lerxst1992 said:tempo_n_groove said:
So the guy in this said that the economics is not math yet uses math to prove his point?Lerxst1992 said:tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus nowhttps://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3
A few other things here. Early 80's I know were rough. I also live in NY so most of these points go right out the window.
I am speaking from my vantage point and how we grew up.He says it right at the outset, by almost all metrics it was worse in the 80s…income, wealth, inflation, unemployment and poverty were all worse.The biggest issue is the govt has one way to pay down the national debt, and that’s managing inflation, and making it look better than it actually is, he does make that point.Everything in our domestic economy results from quantitative easing and financial suppression. This has converted the economy from labor based to investment based. So the trick is to own assets, hence all the Netflix, Starbucks and Mr Wonderful jokes.
No matter what someone like mamdani wants to do, he can not change the fundamental way the economy operates, and can not out manage the govt and fed, and if he pushes too hard, his policies will get crushed by the financial might in this country. Let him have some small wins, but overall, he is a spec in comparison to the US economy. But the left would rather laugh than invest.0 -
No, investing is much more accessible today than it was for our parents. You don't have to use a brokerage house, you don't have to pay high fees and the launch of EFTs has been a tremendous way to hedge risk, while focusing on sector investing.tempo_n_groove said:
Hasn't the case always been investing? As long as the people invest then the stockmarket looks good. Once they pull out its starting all over again.Lerxst1992 said:tempo_n_groove said:
So the guy in this said that the economics is not math yet uses math to prove his point?Lerxst1992 said:tempo_n_groove said:
A chia pet cost $2 which is maybe $10 today so maybe the Chia Pet angle isn't the best? There was less crap for our parents to buy. They didn't have Keurigs and Nespresso or airfryers to have to buy. They had a coffee pot and an oven, lol.static111 said:
They were buying cigarettes and chia pets and all sorts of dumb shit back then too.. Mostpeople in the current society need some type of smart phone for work, QR codes, etc…had this shit not been pushed by businesses people wouldn’t need to have a $1000 phone. I had a dumb phone until two years ago, because it finally got to the point you have to clock in and out from work etc without a phone. I mean saying people don’t need a smart phone in 2025 seems a bit out of touch.tempo_n_groove said:
I'll say you're both right.static111 said:
I know you and mister incredible are just trying to brainwash with repetition, but the thing is the generations before millennials didn’t have to skimp to this degree just to maybe have some unrealized money in retirement. My parents and grandparents and most of my peers parents and grandparents were able to buy homes, save for retirement etc without denying themselves or their families in hopes they would maybe someday have some retirement money. All the while doing this with basic jobs like farmer, carpenter, waitress, house cleaner etc. The system is broke.Lerxst1992 said:Tim Simmons said:Maybe those towns shouldn’t have had any streaming subscriptions or Starbucks.“ "Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor."
"People tell me they don't have money to invest. And then I watch them spend $15 on a salad for lunch," he said. That's not a splurge. It's financial self-sabotage.”The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
Even your subscriptions don't escape his fire. "It's like a slow leak in your bank account—$10 here, $15 there," he said. "Cancel them today. Not tomorrow. Today."
…
Maybe open up a financial advisor service? You and your clients can go bankrupt together!
Your parents weren't buying 1000 phones or paying for streaming subscriptions. You also can save money on NOT having those things.
You can both be right about this one.
Business' are forcing phones down your throat. They can't fault you for not having it either. I know people whom don't have them and function fine. They are outliers sure.
I still see as our parents being able to work one job and afford a house and car. Their parents before them you could be a clerk at a soda stand and afford those very same two things.
A reasonable analysis of cost of living 1985 versus nowhttps://youtu.be/7vNZ84TJsXs?si=u4xLuv4whrgPTQR3
A few other things here. Early 80's I know were rough. I also live in NY so most of these points go right out the window.
I am speaking from my vantage point and how we grew up.He says it right at the outset, by almost all metrics it was worse in the 80s…income, wealth, inflation, unemployment and poverty were all worse.The biggest issue is the govt has one way to pay down the national debt, and that’s managing inflation, and making it look better than it actually is, he does make that point.Everything in our domestic economy results from quantitative easing and financial suppression. This has converted the economy from labor based to investment based. So the trick is to own assets, hence all the Netflix, Starbucks and Mr Wonderful jokes.
No matter what someone like mamdani wants to do, he can not change the fundamental way the economy operates, and can not out manage the govt and fed, and if he pushes too hard, his policies will get crushed by the financial might in this country. Let him have some small wins, but overall, he is a spec in comparison to the US economy. But the left would rather laugh than invest.
Last, and very importantly, lowering the cap gains to 15% for long term really drove the incentive to invest.0
Categories
- All Categories
- 149.1K Pearl Jam's Music and Activism
- 110.3K The Porch
- 284 Vitalogy
- 35.1K Given To Fly (live)
- 3.5K Words and Music...Communication
- 39.4K Flea Market
- 39.4K Lost Dogs
- 58.7K Not Pearl Jam's Music
- 10.6K Musicians and Gearheads
- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
- 56.8K Non-Pearl Jam Discussion
- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help