70% of Americans says their finances are hopeless

[Orangecat]

By now i would of put the Marxist idiot, but i repeat myself on ignore, but i cant since he/she/it has the protection of the Mod.

Giving a child a badge has never been a good idea.

 

[Remodeling Maidiac]

Who are the 22% ffs???

Children? No one with an ounce of intelligence would say our economy is good.

 

[Remodeling Maidiac]

Oil is a worldwide traded commodity

And when we add to the pot the price is reduced because supply is up.
Duh!

How is he going to reduce inflation or restore law and order

He isn't. Next dumb question?

When my parents bought the house in Boston in 1980 that I grew up in interest rates were in the teens

And their house cost 50k not 350k

Massive difference in the final cost of interest.

Stop making excuses idiot

 

[Remodeling Maidiac]

High interest rates combined with inflation & the stupid inflated costs of housing is making owning a home near impossible for young couples and rent is even worse.

Yet the fucking morons like dontazmeimanidiot keep brining up the past as if that somehow excuses this EPIC disaster Biden has created.

 

[eagle1462010]

Prices doubled and in some areas trippled where im from since Covid. Insanity. The dollar is dead and the NEW New is Tiny homes. Because people cant afford jack more

Insanity. Done via a Planneddemic.

 

[Votar Roja]

Who are the 22% ffs???

Children? No one with an ounce of intelligence would say our economy is good.

The people getting free stuff

 

[braalian]

People are in financial crisis because they’re living beyond their means and not budgeting

 

[sparky]

People are in financial crisis because they’re living beyond their means and not budgeting

pawns.....

~S~

 

[eagle1462010]

People are in financial crisis because they’re living beyond their means and not budgeting

BS in a lot of cases. Prices went through the damn roof. Our havent you noticed?

 

[Remodeling Maidiac]

My mortgage is 802.00 per month. 2 doors down in a very similar house the rent is 1800.00.
My property taxes jumped 33% this year.

This economy is a mess.

 

[dudmuck]

Prices doubled and in some areas trippled where im from since Covid. Insanity. The dollar is dead and the NEW New is Tiny homes. Because people cant afford jack more

Insanity. Done via a Planneddemic.

USA inflation is lower than the G7 average.
Countries using the US dollar: El Salvador, Panama, Ecuador. Argentina is on the cusp on officially using the US dollar, and is mostly now anyways.
The dollar is doing good.

 

[initforme]

They don't, They come here day in and day whining about this and that, must have a very dismal life. You have one clown at least 2-3 times a week that whines in the Announcement section how he's being mistreated and crying.

These fucks complaining about their finances would rather bitch and moan instead of getting their lazy asses of the internet and finding a 1st or 2nd job to get by.

So wrong. So very wrong.

 

[Richard-H]

1. Unions price companies into bankruptcy
2. Decreasing exec pay just gets them to take their talents elsewhere. I can support one change, I do like the Japan law where the CEO pay cannot exceed a multiple of the lowest paid employee.
3. The MAGA crowd does blame government, for open borders, the war on energy, the "green new deal lite", and running up a $32T DEBT and it $1.5T annual interest bill, more than defense!
4. Not socialism, free market capitalism, but with free and fair trade.
5. You can put the tax rate up to 90% and still not get enough revenue. I like calling capital gains regular income. It helps.
Here's a post from this morning how I would balance the Budget:

• 1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
• 2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr)
• 3. Add a Remittance Tax on all money sent out of the US (gains ~$150b/yr, see below)
• 4. Remove the cap on SS tax, and raise the ages from 62/67 to 63/68 (saves SS)
• 5. Raise the tax and co-pay for Medicare
• 6. Add a co-pay for Medicaid
• 7. So if all of the above taxes were implemented, the $1T Budget Deficit would become a $350b surplus to start paying down the $32T Debt

• Financial Transactions Tax: What You Need to Know - SmartAsset | SmartAsset

  A financial transactions tax is levied on trades made of stocks, bonds, derivatives and other financial products. It is favored by progressives.

  smartasset.com

The United States Loses $150 Billion Annually in Remittances

Many Americans know very little, if anything, about “remittances,” (also known as “remittance payments”) and how they affect the U.S. economy. The term “remittance” refers to money earned in the United States that is transferred to relatives, friends or business associates who are still abroad...

www.fairus.org

1. Adding a Federal Sales tax on all sales would kill the economy. People would reduce purchases.
2. Adding a any financial transaction tax is a great idea - anything to slow down short term investments and reduce market volatility would be great.
3. There's already a remittance tax. They could lower the minimum to increase revenue, but the real problem is with corporations investing overseas:

https://home.treasury.gov/news/featured-stories/why-the-united-states-needs-a-21-minimum-tax-on-corporate-foreign-earnings

4. Raising the SS age is obscene. The SS fund should be absolutely separate from Federal finances. Sure, they could save lots by raising SS the age to 125. That way everyone that's contributed to SS their entire life will croak before they collect a cent of their SS money. Work until you drop dead!

5. Don't know much about Medicare, I have private insurance.

6. Simple fact is that the Federal Government is the source of most of the money. Banks create money also. When either the government or the banks create money it's used to activate resources which create real wealth, which gives value to the money created. The banks are paid back the amount of money they've created with interest. The Government only gets paid back a percentage of the money it creates thru taxes. The rest of that money funnels up to the super-wealthy. That's why there's an ever increasing debt. The money never comes full circle.

 

[Ralph Norton]

Raising the SS age is obscene.

Life expectancy in 1935 when SS was established was 62 years.
It is now 79 years.
NOT raising the retirement age is obscene - not if you want SS to survive.

 

[Richard-H]

Life expectancy in 1935 when SS was established was 62 years.
It is now 79 years.
NOT raising the retirement age is obscene - not if you want SS to survive.

Those are misinterpreted statistics. A small percentage of people that receive excellent medical care are living considerably longer, but the vast majority are only living marginally longer. The statistics are skewed.

Statistics are deceiving:

Statistically speaking, on the average Americans have one testicle.

Real productivity has increased exponentially with my generation. We should be retiring at 55.

What's really happening is that the wealthy aren't paying their fair share of the taxes, so the Government dips into working Americans SS fund. Now your saying that I should work until I die to protect the super-wealthy from paying taxes.

FUCK YOU!!!

 

[AzogtheDefiler]

Those are misinterpreted statistics. A small percentage of people that receive excellent medical care are living considerably longer, but the vast majority are only living marginally longer. The statistics are skewed.

Statistics are deceiving:

Statistically speaking, on the average Americans have one testicle.

Real productivity has increased exponentially with my generation. We should be retiring at 55.

What's really happening is that the wealthy aren't paying their fair share of the taxes, so the Government dips into working Americans SS fund. Now your saying that I should work until I die to protect the super-wealthy from paying taxes.

FUCK YOU!!!

Is this a parody post?

 

[Richard-H]

Is this a parody post?

A parody of who?

 

[AzogtheDefiler]

A parody of who?

A parody of who?

Meaning you’re being a clown

 

[Richard-H]

Meaning you’re being a clown

View attachment 831001

Apparently you do not know the meaning of the word parody.

Here's some statistics for ya:

The Richest 1% Own Almost Half the World’s Wealth & 9 Other Mind-Blowing Facts on Wealth Inequality

Millions are being pushed further into poverty while the wealthiest profit from a cost-of-living crisis.

www.globalcitizen.org

 

[AzogtheDefiler]

Apparently you do not know the meaning of the word parody.

Here's some statistics for ya:

The Richest 1% Own Almost Half the World’s Wealth & 9 Other Mind-Blowing Facts on Wealth Inequality

Millions are being pushed further into poverty while the wealthiest profit from a cost-of-living crisis.

www.globalcitizen.org

How much more do you want them to pay? Give me a number.