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Thread: This is hard to believe: 76% of people live paycheck to paycheck

  1. #61
    Southern Strategy Liberal OldGaffer's Avatar
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    We need to be more like these:

    The countries with the lowest pre-T&T poverty rates are Korea, Iceland, Denmark, the Netherlands, and Norway, with pre-T&T poverty rates spanning from 17.3% to 25.7%.
    and less like these:

    Using this poverty measure, the 5 OECD countries with the highest poverty level are, in order, (5) Turkey, (4) the United States, (3) Chile, (2) Israel and (1) Mexico.
    Oops, too fucking late...

    When we look at this rate, we find that, at 17.4%, the United States has the 2nd highest post-T&T poverty rate among the 26 countries, trailing only Israel. The countries with the lowest post-T&T poverty rates are the Czech Republic, Denmark, Iceland, Luxembourg, and Finland, with post-T&T poverty rates ranging from 5.8% to 7.3%.
    There are two conceivable paths to having a low post-T&T poverty rate, this again being the rate of most significance to people’s lived lives. A country can put a lot of effort into bringing up the market incomes of low-income people. Or it can compensate for those low market incomes on the back end through taxes and transfers. While there is some of both going on, the overall trend is to do the latter. The 13 countries with the lowest post-T&T poverty rates reduced their poverty by 20.7 percentage points through taxes and transfers. Meanwhile, the 13 countries with the highest post-T&T poverty rates only reduced their poverty by 15.7 percentage points through taxes and transfers
    How Low-Poverty Countries Do It | Demos

    But this is all so complicated, it is much easier to just be a Republican and say "poor people are losers, fuck em, let em rot".

  2. #62
    ~Standing My Ground~ Sassy's Avatar
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    Quote Originally Posted by bajisima View Post
    I have to say that kind of course should be required. Taking my kid to buy her first car, oh my god, the stuff the dealer was pushing. Kids really need to learn how to buy cars, homes, write checks, pay bills etc. Banks, credit cards and scammers and such take them for a ride.
    We were taught all that in HS. I still remember wowing at what a home actually costs when financed for 30 years. I decided on the spot I would never get a home that required 30 years of financing.
    Thanks from bajisima

  3. #63
    ~Standing My Ground~ Sassy's Avatar
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    Quote Originally Posted by HayJenn View Post
    Or parents could just teach them like we did.
    Do you mean by this post that you have something against it being taught in school? If so, why?

  4. #64
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    Quote Originally Posted by Ian Jeffrey View Post
    Which is to say they are cliches, platitudes, and therefore ideological statements that have no basis in fact.


    Uh huh. Read the article. It does not bear out your claim (or even its headline, really).


    Motivation is irrelevant. If they can only afford to live in squalor, then they do not have the money to pick up and move even if they want to.


    If you do not have enough money for your necessities to begin with, then something has to go. Food and shelter come first. If you have nothing left over than the bare necessities of survival, there is nothing left for retirement. You cannot put away for retirement if you cannot pay for food, shelter, clothing, and the like.

    In other words, your entire position is bullshit ideology that has no basis in the real world.
    Mr. Jeffrey,

    Just saying "nuh uh" is not a valid retort. Especially when you are wrong. If anything, the article implies the poor actually spend more on luxuries.

    And motivation is everything. Unless you are totally destitute, your are not only unmotivated, but down right stupid if you prefer to live in squalor if there are opportunities elsewhere.

    And lastly, saving and retirement is a necessity. Unless you are desperately poor, you have the money to save.

  5. #65
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. splansing,

    No. Perhaps you should re-read your post. You said the way for poor people to get rich is to make successful people pay more in taxes. Don't really get the logic there, but hey.
    not surprised that you don't get logic.
    Thanks from Ian Jeffrey

  6. #66
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. splansing,

    You are talking unrelated things. If a person making $40,000 a years decides to make wise financial choices, why would I have to take a huge pay cut? Maybe my Apple stock will take a hit in the short term, but in the long term, not as companies like Apple move to sell products that are needed.
    And what apple product would of those "losers" NEED ?

  7. #67
    RNG
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    Quote Originally Posted by Ian Jeffrey View Post
    Taxes were considerably higher many decades ago, yet economic growth was not a bit stifled. In contrast, the Bush tax cuts did not do what conservatives said they would do. We are still waiting for that, and it was considerably over a decade ago.
    But were not loopholes and exemptions applicable to the rich also more prevalent?

  8. #68
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by BitterPill View Post
    How do you think Trump got elected?

    Anyway, he'll fix it for sure.
    Oh, he'll 'fix it', all right!

    Donald Trump: "We'll borrow, and if the economy crashes, we'll make a deal."

    To anyone who HAS taken an Econ 101 class, them are scary words.
    Thanks from labrea

  9. #69
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by splansing View Post
    But a rising tide raises all boats. If people making $40,000 or less per year decide to forego cell phones, you and all of your wealthy friends are going to have to take a huge pay cut. If people making $40,000 or less per year decide to descend into a third world bartering economy, you and your wealthy friends are going to go broke.

    The economy is about movement. When money and goods stop moving, that's bad. When money and goods move a lot, that's good.

    So why would we fund wealth concentration, which is anathema to a strong middle class and a vibrant, healthy economy?

    I don't want to fund something that not only I do not need, but that would actually hurt me.

    That would be stupid
    .
    Duh, NOW you will make him argue that this is exactly what needs to be done. As long as it's stupid, he will vouch for it.

  10. #70
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. Splansing,

    Or better yet, stop spending money on crap they don't need.
    Or maybe it's because income, adjusted for inflation, has actually declined, while living expenses have risen.

    Household Expenditures and Income

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