either Cain or Perry both CAN make ordinary worker self sufficient!

Discussion in 'Politics' started by healthmyths, Oct 25, 2011.

  1. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,221
    Thanks Received:
    2,043
    Trophy Points:
    245
    Ratings:
    +3,846
    Either one are in favor of letting the ordinary worker accumulate now I'm shouting because people don't seem to understand:
    THE POWER OF COMPOUND INTEREST is the engine.
    For those that don't understand:

    A 23 yr worker starting at 30K a year with salary increases of 20% every
    10 years would have paid in under current SS/Medicare over $300,000.
    Letting the money accumulate at 5% for 42 years the ordinary worker under either Cain or Perry over $1,220,348!

    A millionaire at 5% for 42 years through the power of compounding every ordinary worker can become a millionaire!

    So either way... IT WILL NEVER HAPPEN WITH A DEMOCRAT BECAUSE NO DEMOCRAT WANTS THE ORDINARY WORKER TO BECOME SELF SUFFICIENT!
     
  2. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    You've had your brains blown out somewhere. The corporate executives have poisoned employees, got them crushed with falling debris, radiated them, let them die with black lung, asbestos poisoning, etc. They've contaminated the air, released radioactive material, poisoned the water, strip mined beautiful mountians until they are eyesores, killed wildlife, etc. Companies and their executives don't give a fiddler's fuck about their employees or anything else except bottom line profits and they only improve conditions when they are required to do so. Read your history books. Check out your coal mines and uranium/ plutonium processing plants and look at everything they did including murder when they were not regulated.

    Democrats and their administrations have been the only organization in the history of the country which stood up for ordinary working Americans. Did you know that social security is the only program in Washington which pays it's own way...every time checks are written they take in enough to cover it. Still...every Republican administration since FDR has harped about it being some kind of ponzi scheme.

    You've got your head up your ass so far that you'll never see daylight or smell fresh air again.

    The bible thumping southerners, mostly half smart, go to the polls and vote against their own interests. Someone else said it but it is a fact..."Working People With Ordinary Means Voting Republican Is Analagous To A Chicken Voting For Colonel Sanders."

    Republicans work for the wealthy and resent every damn dollar a working man gets his hands on. Nothing's ever changed...it's always been that way.

    The reason they want young people to put their money in investments is so Wall St. can "REGULATE" the flow of cash and the rich will make 100 times more from it than any working man.

    Every IPO, Tip, Insider Deal on Wall St. costs some investors and makes big profits for others. Guess who always comes out on top?
     
    • Thank You! Thank You! x 1
    Last edited: Oct 25, 2011
  3. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,221
    Thanks Received:
    2,043
    Trophy Points:
    245
    Ratings:
    +3,846
    Why are you against the ordinary worker accumulating $1 million?
    Even someone as totally IGNORANT as you can if you were allowed at the time you start your job at 23.. 10 years from now evidently from what your lack of intelligence is) set aside the $300,000 paid in by you and your employer at 23 to age 65 at 5% will accumulate $1 million!
    When you become smart enough to use a spreadsheet try it.
    Start when you become a worker 10 years from now assuming you are 13!) working for 45 years you will accumulate $1 million!
    Why are you against the reality that can happen?
    Why do you want to keep Americans poor?
     
  4. Inthemiddle
    Offline

    Inthemiddle BANNED

    Joined:
    Oct 4, 2011
    Messages:
    6,354
    Thanks Received:
    674
    Trophy Points:
    0
    Ratings:
    +674
    Okay, now do a disabled 23 year old who is incapable of working because he was born with a significant physical challenge. How much does he make over 42 years of compound interest?
     
  5. Mr Clean
    Offline

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    10,053
    Thanks Received:
    2,248
    Trophy Points:
    255
    Ratings:
    +3,816
    An ordinary worker becomes self sufficient when he doesn't have to work anymore.
     
  6. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,221
    Thanks Received:
    2,043
    Trophy Points:
    245
    Ratings:
    +3,846
    You wrote:
    Okay, now do a disabled 23 year old who is incapable of working because he was born with a significant physical challenge. How much does he make over 42 years of compound interest?"
    1) First obviously he is not a "working" ordinary person..DUH!!!

    2) So is this disabled person a vegetable? Can he separate toothpicks? Can he count?

    3) If he can for example like this web site offers:
    www.nkschools.org/.../Environmental_Example_Research_Paper.doc
    "The employees help to take apart old and used computers so they can be recycled. With the increase in ..."

    Then this worker at MINIMUM WAGE of $7.00 or $14,000 a year again putting away over 42 years $130,000 will accumulate $569,496!

    BUT you also seem to forget the following benefits this person can get:
    Welfare recipients now eligible to receive cell phones
    a) Free Cell phone (my cell phone I PAY is about $100/month)
    if the poor person receives just one of the below:
    Food stamps * Medicaid * Section 8 * Supplemental Security Income *
    b) 40 million Americans on food stamps get $200/month in free food.
    c) about 2.1 million households (6 million) use Section 8 the Housing
    Choice Voucher program, pays a large
    portion of the rents and utilities of or the Housing Choice Voucher Program
    up to $1,000 /month in FREE housing...

    So these people get
    === $ 5,666 in EIC cash,
    === $12,000 free housing ,
    === $ 2,400 free food,
    === $ 1,200 in free cell phone plus
    === $ 5,000 a year in free health care from Medicaid.
    So this is about $26,000 a year in FREE MONEY, free goods and free services...
    AND THIS IS IN ADDITION to HIS $14,000 a year JOB!!!

    BUT all of this goes way over your head doesn't it?
    YOU completely ignored the concept of the power of compound interest!
    And you like most ignorant people WANT Americans to stay poor.. you don't want people to become independent...even this "disabled" person!!! You want them to be maintained in a totally DePENDENT STATE!
     
  7. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,221
    Thanks Received:
    2,043
    Trophy Points:
    245
    Ratings:
    +3,846
    Your ignorance is appalling!
    Who mentioned Wall street.. evidently you have never heard of "savings accounts"?
    And NO where was there any mention of businesses, etc...

    MY point is very simple but I guess too complicated for you!
    Compound interest means not spending the interest but letting interest earn interest, hence the word "compound"!
    ANY idiot(literally!) if their paycheck has money deducted FIRST could have under what ALL GOP people KNOW could have that money put into a savings account that averaged over 42 years 5% interest. NOTHING to do with Wall Street.. BUT you being really ignorant though don't KNOW that over the last 40 years the measure of investing has shown 8% growth.
    BUT again being without any brains you have NO IDEA what I'm describing so keep on your darwinian path of destruction and it won't make any difference because apparently the ONLY thing YOU know is how to destroy...NOT to GROW!
    SAD though.. people like you have interfered with people becoming independent because people like you are like animals..i.e. only can see what's in front of your snout!
     
  8. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,232
    Thanks Received:
    19,818
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,315
    What makes you think that $1.2 million savings will be enough to live on 42 years from now?

    If you retired 42 years ago (1969) with $100,000 in savings you would have been sure it was enough to last the rest of your life....you would have been wrong
     
  9. kiwiman127
    Offline

    kiwiman127 Comfortably Moderate Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    8,412
    Thanks Received:
    2,580
    Trophy Points:
    315
    Location:
    4th Cleanest City in the World-Minneapolis
    Ratings:
    +3,839
    Considering the trend for wage increases is not keeping up with inflation that 20% doesn't mean much.
    The CPI in September 2001=178.3
    The CPI in September 2011=226.9
    In order to be beating inflation, the average worker would have to see an increase in their wages of at least 27.2%.. Plus the CPI doesn't include the inflation of food or fuel, so maybe the wage earner would have to have a 30% increase in their wages over ten years just to stay ahead of inflation. Ever wonder why more and more Americans are living check-to-check?
     
    • Thank You! Thank You! x 1
    Last edited: Oct 25, 2011
  10. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    See bud...I started my first job at 16...In 1950. That's the first time I paid into social security. I worked 40 hours a week during my junior and senior years in high school. Five days after my 18th birthday I started working rotaing shift work in the gaseous diffusion cascade in Oak Ridge, TN. I walked in that green powder and tracked it onto the carpet where my infant children were crawling. I worked there for 41 years and retired in 1993. The last 25 years I was there I was the computer operations supervisor in one of IBM's 50 largest computing centers in the world. I retired to a 4br brick with 220 ft. lake frontage. The union got everything straightened out but it took them 50 years. Most of those who worked in that uranium separation facility are dead. Cancer is as ordinary around here as the common cold. When another one of us comes up with a rare cancer how much do you think the Dept. of Labor pays? $100,000 to $150,000 depending upon how long the individual worked in the process. That's what a company will pay for an employee's life...when they're forced to do it. I saw the company negotiate with the union for every benefit we ever got. When they saw they were gonna have to give a week of vacation or add a day to the paid sick leave they would go ahead and give it to the salaried employees sometimes no more than a week before the union got it. Don't shit yourself. A company will never give any ordinary working stiff a damn thing unless they have to.

    Two of my three kids have masters degrees and I'll guarantee you the odds of that happening again will occur about as often as a hen having a full set of molars. Young people are swallowing five yards of horse shit these days. The companies have run a sandy. They've set up a scenario where American workers will be earning about the same as workers in Maylasia and it doesn't take too much imagination to figure that out.

    I wouldn't trust a CEO in the shithouse with a muzzle on.
     
    Last edited: Oct 25, 2011

Share This Page