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blugu64 posted:I can because I'm under 30 and did almost that with no financial aid or loans. Granted I also worked in the semester, and it was technically jack in the box/Walmart/coffee shop, but who's counting. lol Congrats on going to a poo poo school. No real school can be paid for like that. You're never going to make it past lower mid management.
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# ? Dec 12, 2014 18:19 |
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# ? Mar 29, 2024 00:00 |
Doctor J Off posted:this, and also a lot of democrats. thomas piketty illustrated the whole thing in that book he wrote last year. Not so much illustrated as charted, it's a good book but it definitely needs more pictures. Maybe some diagrams, like how to build a guillotine
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# ? Dec 12, 2014 18:20 |
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Hingehead posted:$500 monthly check from Disability Social Security Income. You should be getting around $670.
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# ? Dec 12, 2014 18:20 |
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School Nickname posted:Dumb as poo poo laws relating to white collar crime (if a bank is even charged, investors have to pull their assets out forcing a bank run) combined with systemic risk creates a giant moral hazard problem where banks did insane poo poo with impunity and lost a lot of other people's money. Steal $100 off someone on the street and gently caress one person over and you'll serve time Steal $1,000,000,000 and gently caress lots of people over and you are a job creator who might have to switch to a different cushy job
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# ? Dec 12, 2014 18:21 |
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if you can't find yourself an earth job, move to space
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# ? Dec 12, 2014 18:23 |
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BigBoss posted:lol I already have. Edit:I'm not going to argue or anything, but you're wrong, sorry. blugu64 fucked around with this message at 18:27 on Dec 12, 2014 |
# ? Dec 12, 2014 18:24 |
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Well, here's why the economy is hosed: 1) In capitalistic economies, wealth concentrates at the top over time if there is not sufficient government regulation to prevent this. 2) Realizing the truth that money = power (not just economic, but also political), more money = more power. 3) More power leads to more favorable regulation for those with the power (the rich). 4) More favorable regulation and more power lets people with power gain more money. 5) Increasing inequality diminishes democratic governance.
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# ? Dec 12, 2014 18:27 |
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blugu64 posted:I already have. Ya education is what you make of it. I would think that would be obvious with the degree mills that have pumped out unemployable people,with bachelors degrees for the last twenty years. Plenty of successful people that went to "poo poo" schools.
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# ? Dec 12, 2014 18:29 |
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Hieronymous Alloy posted:Not so much illustrated as charted, it's a good book but it definitely needs more pictures. Maybe some diagrams, like how to build a guillotine agreed. I mean the french revolution provided real, long lasting wealth redistribution in ways that the american revolution never could. (also my browser calls "american" with a lowercase a redlined type, but does not do so with "french", a clear example of the denigration of more equal societies)
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# ? Dec 12, 2014 18:32 |
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Also, while Americans don't think wealth is distributed fairly, they underestimate how bad it is (bigger blue = bad): This was ages ago, but it's one of my favorite charts. Checkout that voter breakdown... everyone feels this way - every party, every gender, every wealth group thinks it's bad but not too bad:
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# ? Dec 12, 2014 18:38 |
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everyone ran out of money b/c they werent printing enough of it
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# ? Dec 12, 2014 18:39 |
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GUNS. NOT OUR AMERICA. [unintelligible whirring sound] BOW BEFORE ME.
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# ? Dec 12, 2014 18:39 |
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Luvcow posted:Maybe greed fueled capitalism, political corruption and investors only focused on short term gains isn't a good way to go about it. "new"? I think it's written in the margins of the Declaration of Independence
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# ? Dec 12, 2014 18:40 |
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Evil_Greven posted:Also, while Americans don't think wealth is distributed fairly, they underestimate how bad it is (bigger blue = bad):
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# ? Dec 12, 2014 18:41 |
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this just proves its valuable to instill a distrust of government in everyone, and not to pay taxes. Hell I don't
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# ? Dec 12, 2014 18:42 |
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blugu64 posted:I can because I'm under 30 and did almost that with no financial aid or loans. Granted I also worked in the semester, and it was technically jack in the box/Walmart/coffee shop, but who's counting. Full time min wage (and you never really get full time) for a whole year (so not just full in summer and part during school year, but 40/week for whole year) is about 15k/year. Assuming you lived with roommates, had cheap rent, and didn't eat out much you could probably get by on 500/mo for rent/food/utilities which is 6k a year, already a third of your income. If you add pretty reasonable entertainment on to that, you're probably taking home closer to 8k or so annually after living expenses (and this is assuming a pretty bare bones lifestyle), which would be like half tuition/fees for most schools. You could probably squeeze by in your cheapest in state school in the cheapest program in that school I guess if you ignore that the 4 years you spend there will have tuition increase by ~8% a year. And again this assumes an incredibly unlikely scenario of you actually having a 40/wk min wage job year round thats compatible with a full time student schedule. Your parents on the other hand could work for the summer and pay off a year of tuition.
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# ? Dec 12, 2014 18:44 |
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the economy is fine is is just millenials/poors are just too fat from lobster dinners (bought with food stamps) to pull themselves up by their bootstraps
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# ? Dec 12, 2014 18:45 |
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sexy young infidel posted:this just proves its valuable to instill a distrust of government in everyone, and not to pay taxes. Hell I don't me either, the govt is too corrupt. also on sunday i like goin to churches and taking money out of the collection box (religion is also corrupt)
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# ? Dec 12, 2014 18:45 |
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imagine getting a college degree and ending up being arbitraryc... 100% sure i've made this exact same post before, but it really devalues college in my eyes
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# ? Dec 12, 2014 18:45 |
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At least stuff is cheap in the states so op can afford to be poor. He could be in a place like England where one place sucks up all the investment, so rent becomes unaffordable and the poors are literally exiled to the barren north. Except they still have to work in the capital because there are no jobs anywhere outside London.
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# ? Dec 12, 2014 18:55 |
Watch Inside Job.
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# ? Dec 12, 2014 18:56 |
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*slips u a rare copy of the far side bible* keep it secret... keep it safe
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# ? Dec 12, 2014 18:57 |
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blugu64 posted:I already have. lol no you didn't. I bet your dad is ashamed of you.
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# ? Dec 12, 2014 18:59 |
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ArbitraryC posted:We get way less welfare than boomers did. Can you imagine if you could actually work at McDonald's for a summer and then pay for college that way? One of the biggest disconnects is the people who are old and well along in their careers don't realize that getting your degrees or credentials and then starting your career is an entirely different game now than it was then. When my mom went to college she worked as a part time bartender and paid all her bills that way, now the only thing part time jobs are good for is spending money because you're not going to make a dent in your 20k/yr tuition, at best you might be able to cover your rent and food without needing loans for that too. the issue here isn't what you think, it's that they had a non fiat currency with very low inflation. Also a labor shortage due to low immigration, and women not working.
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# ? Dec 12, 2014 19:07 |
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fiat currency more like fart currency
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# ? Dec 12, 2014 19:10 |
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FHA insured mortgages with minuscule down payments made it way too loving easy to buy a house that you can't actually afford, which pushed prices up and created a huge housing bubble. At the same time, banks were inventing new financial instruments that didn't fall under any existing regulations, including risky derivatives where the underlying entity was these garbage FHA insured mortgages. The banks knew this was a recipe for disaster, but when the poo poo hit the fan they would be bailed out and get to keep all of their profits. Sure enough, when the artificially inflated home prices couldn't go up any further the bubble finally burst, putting millions of homeowners under water and tanking the value of trillions of dollars of these derivatives, taking the economy down with it. In a lovely economy all these under water homeowners started defaulting on their mortgages, which hosed the value of the derivatives even more, leading to people becoming even MORE under water, leading to even MORE defaults, and so on and so forth until the economy completely shat the bed. Once the economy starts making GBS threads the bed, people start consuming less and saving more, especially people whose houses just lost half their value, which fucks the economy even more. To make sure that it didn't happen again, the FHA increased the minimum down payment and the Dodd-Frank reform outlawed creating derivatives on tax-payer insured assets. Thanks to democrats you can now get FHA insured mortgages with preposterously low down payments again. Thanks to republicans the banks can now create derivatives using these government insured mortgages again (republicans snuck the removal of that Dodd-Frank provision into the new spending bill) The people of this country deserve what they get
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# ? Dec 12, 2014 19:20 |
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Magnitogorsk. posted:FHA insured mortgages with minuscule down payments made it way too loving easy to buy a house that you can't actually afford, which pushed prices up and created a huge housing bubble. At the same time, banks were inventing new financial instruments that didn't fall under any existing regulations, including risky derivatives where the underlying entity was these garbage FHA insured mortgages. The banks knew this was a recipe for disaster, but when the poo poo hit the fan they would be bailed out and get to keep all of their profits. Sure enough, when the artificially inflated home prices couldn't go up any further the bubble finally burst, putting millions of homeowners under water and tanking the value of trillions of dollars of these derivatives, taking the economy down with it. In a lovely economy all these under water homeowners started defaulting on their mortgages, which hosed the value of the derivatives even more, leading to people becoming even MORE under water, leading to even MORE defaults, and so on and so forth until the economy completely shat the bed. remember this program started back when clinton was in office and supposedly obama was used as a lawyer at one time to help push this along in court.
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# ? Dec 12, 2014 19:22 |
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stop listening to goons and listen to people who actually study economics reason.com mises.org cato.org glennbeck.com
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# ? Dec 12, 2014 19:23 |
Jews.
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# ? Dec 12, 2014 19:24 |
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TOILETLORD posted:remember this program started back when clinton was in office and supposedly obama was used as a lawyer at one time to help push this along in court. The FHA started insuring low down payment mortgages during the great depression
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# ? Dec 12, 2014 19:26 |
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Evil_Greven posted:Well, here's why the economy is hosed:
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# ? Dec 12, 2014 19:27 |
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anyway, the only real solution is to learn to live off the land and avoid being forced to participate in capitalism, op.
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# ? Dec 12, 2014 19:28 |
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we are lesion
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# ? Dec 12, 2014 19:31 |
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Magnitogorsk. posted:The FHA started insuring low down payment mortgages during the great depression right but i was referring to the bigger newer program that was for minorities only.
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# ? Dec 12, 2014 19:31 |
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Doctor J Off posted:this, also because baby boomers thought that all the gifts they got from FDR's policies happened just because they were special, so they got rid of them thinking they were unnecessary https://mashable.com/2014/11/23/silent-generation-richest/
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# ? Dec 12, 2014 19:46 |
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Hollywood Video stores, the lynchpins of economic success, were wiped away
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# ? Dec 12, 2014 19:55 |
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because of entitlement where bootstraps should be
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# ? Dec 12, 2014 20:00 |
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too many jews
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# ? Dec 12, 2014 20:01 |
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excessive hidden taxes that tax the working poor. All the taxes that are added to things that have to be paid retailers or manufacturers, that just increases the cost of goods and or services too.
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# ? Dec 12, 2014 20:08 |
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# ? Mar 29, 2024 00:00 |
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Probably has something to do with minorities or immigrants OP. Most men in your position solve this problem by voting straight-ticket GOP and deciding that it's somehow all Obama's fault.
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# ? Dec 12, 2014 20:08 |