Is this a war on cash or a war on privacy? Or both?

[MossRoad]

I heard that if you only had the change that people typically have on their dressers, you would be amoung the whatever, so many percent, richest people in the world.

But again, does it really matter? These comparisons?

I think we should focus on what we waste.

I just don't like to see people state things as fact when they are horribly, not-even-closely, incorrect.

 

[Einthewoods]

Minimum wage is not supposed to be a comfy living wage. It is a starting spot, usually associated with those of no skills that will be learning skills to then work up fron. Why would someone pay a person with no skills or in a position that requires no special skills $30 an hour. Ridiculous.

You work a minimum wage job to learn and move on and up the pay scale.

Anything else is socialist nonsense.

 

[prof fate]

Wealth is the money you don't spend.
So..your investments, savings, equity in yuor house, etc.

If you're living paycheck to paycheck--or can't make it to the next paycheck, or debt exceeds assets...then you have no wealth.

they say if you make more than 390k a year you're in the top 1%, more than 77k and you're in the top 10%.

In a sense, does that really matter? Sure, maybe some people should have more, but what does that have to do with the people that have lots? What is wealth really? So they have more numbers in their bank accounts or more cars.

Under that system, If the person that has lots is expected to share, then the person with little should also be expected to share with those that have nothing.

An investment consultant once told me that there are only two types of people. Those that earn interest and those that pay it. Really, I am neither.

Think about this the next time you may be tempted to complain about "rich people".

If you make just $32,400 per year in U.S. dollars, you are making more money than 99% of the rest of the people on the planet. You are the 1% that so many people get fixated on.

Living on 32,400 in a third world country would likely make you the richest guy in town, surely in the village.
here, in the US, you can't buy a house or perhaps even a car with that income. Locally rent can be $1200/month, plus utilities. The average car is what, $34k now? A full size 4x4 is north of 50k.

 

[MossRoad]

Wealth is the money you don't spend.
So..your investments, savings, equity in yuor house, etc.

If you're living paycheck to paycheck--or can't make it to the next paycheck, or debt exceeds assets...then you have no wealth.

they say if you make more than 390k a year you're in the top 1%, more than 77k and you're in the top 10%.





Living on 32,400 in a third world country would likely make you the richest guy in town, surely in the village.
here, in the US, you can't buy a house or perhaps even a car with that income. Locally rent can be $1200/month, plus utilities. The average car is what, $34k now? A full size 4x4 is north of 50k.

My daughter is one year out of grad school. She makes $34K per year. She lives in a nice apartment in a large city, just bought a very nice 5 year old Subaru, is putting money in her 401K, and has paid off $4000 of her student loan so far this year. She's on track to pay that off in about 7 years. She eats well and has a social life. And she's taken two nice trips this year to New York and D.C.

She must be doing something wrong.... :confused3:

 

[Diggin It]

It's not so much about what you make as how you spend it. Or don't.

 

[Oldoak]

It's not so much about what you make as how you spend it. Or don't.

You got it!

 

[ultrarunner]

Just left the optometrist office... she is retiring after 47 years and said they have an offer in on a single family home for 65k...

As with most things... affordability is varies.

Starting out... I could not qualify for anything... but it did not stop me.... just meant I could not go conventional with a mortgage...

My Grandfather always called minimum wage the learning wage...

Fast Food here starts at $13.50...

 

[Industrial Toys]

I used to eat out a lot. Since the minimum wage skyrocketed, I hardly do. It's just not cost effective. My (albeit expensive) groceries are a better expenditure.

After posting earlier, I headed out on my days mission. I looked around and notice how much garbage people spend money on. Some stupid ford pickup beside me had some chrome plated plastic lettering on side (rear) of the bed, proclaiming some level of luxury or prosperity, I can't even remember what it said. It's pathetic, what we seem to value!!

 

[/pine]

Is there anything more inane than buying trash bags so you can throw them away?

 

[Diggin It]

Is there anything more inane than buying trash bags so you can throw them away?

Yeah. Trash bags that don't degrade in the landfill, so 40-50 years from now somebody can still go through your trash.