Unemployment thread

[Brooklyn 3.0]

He probably won't qualify.

[Zaximus]

I think people are getting a wake up call to how fragile this "system" is in America.    It's failed us.    It just needed to happen before the voting started (though I wish it didn't happen at all).    This isn't a country built on helping each other.     Things need to change.      Stay safe everyone and I hope all of you trying to find some relief find it.   

[LinvilleGorge]

Just now, Zaximus said:

I think people are getting a wake up call to how fragile this "system" is in America.    It's failed us.    It just needed to happen before the voting started (though I wish it didn't happen at all).    This isn't a country built on helping each other.     Things need to change.      Stay safe everyone and I hope all of you trying to find some relief find it.   

I think we're going to get a big wakeup call on just how fragile an economy is, period. This is going to be a global economic disaster and the timeline of how long this lasts is largely going to dictate how bad things get economically and how long it takes us to claw ourselves out. There's also going to be a lot of economic predation out there. In every downturn, those with disposable money take advantage of the opportunity to acquire more property, more stock shares, and more power at a discounted price.

[Harbingers]

24 minutes ago, LinvilleGorge said:

I think we're going to get a big wakeup call on just how fragile an economy is, period. This is going to be a global economic disaster and the timeline of how long this lasts is largely going to dictate how bad things get economically and how long it takes us to claw ourselves out. There's also going to be a lot of economic predation out there. In every downturn, those with disposable money take advantage of the opportunity to acquire more property, more stock shares, and more power at a discounted price.

Moody, Fitch and the S&P have suggested a credit downgrade is coming quick. 

[DeAngelo Beason]

22 hours ago, 4Corners said:

The pure irony of this post and the fact that the poster is oblivious to it is incredible. 

Just because you've failed in life and your career doesn't mean capitalism is a bad thing.  Don't blame the system because you can't capitalize on it, pun intended.

[DeAngelo Beason]

21 hours ago, rayzor said:

We've got breadlines already and our current system isn't exactly light years ahead or even away from dictatorships. We are close to the middle ages feudal system right now. Most of us are serfs.

The only people who are serfs are the people who've chosen to not take advantage of the massive wealth of opportunity this nation has to offer.  Without getting on a soapbox, my upbringing was about as destined for failure as anyone could imagine, but I developed a sought after skill set and now life a very comfortable life.  The problem is, as a society, we believe we should do what we love instead of love what we do.  

Being good at things people don't care about will net you a low income.  Being good at things people DO care about will net you a high income and quality of life.  That's the beauty of capitalism.

[CatTower]

4 minutes ago, DeAngelo Beason said:

The only people who are serfs are the people who've chosen to not take advantage of the massive wealth of opportunity this nation has to offer.  Without getting on a soapbox, my upbringing was about as destined for failure as anyone could imagine, but I developed a sought after skill set and now life a very comfortable life.  The problem is, as a society, we believe we should do what we love instead of love what we do.  

Being good at things people don't care about will net you a low income.  Being good at things people DO care about will net you a high income and quality of life.  That's the beauty of capitalism.

I see you 

[LinvilleGorge]

4 hours ago, LinvilleGorge said:

Given everything that's going on we've been a lot more lax here recently about political bickering, but can y'all reel it in a little? Go argue about this stuff in the TB. Let's try to keep this thread here in the main forum.

 

9 minutes ago, DeAngelo Beason said:

Just because you've failed in life and your career doesn't mean capitalism is a bad thing.  Don't blame the system because you can't capitalize on it, pun intended.

Well, there went one for 24 hours.

[The Huddler]

They always said, you'll always have a job as a Registered Nurse

 

They weren't Lying. 

[Bytes]

8 hours ago, DeAngelo Beason said:

The only people who are serfs are the people who've chosen to not take advantage of the massive wealth of opportunity this nation has to offer.  Without getting on a soapbox, my upbringing was about as destined for failure as anyone could imagine, but I developed a sought after skill set and now life a very comfortable life.  The problem is, as a society, we believe we should do what we love instead of love what we do.  

Being good at things people don't care about will net you a low income.  Being good at things people DO care about will net you a high income and quality of life.  That's the beauty of capitalism.

Theres some truth to that. But theres a component of capitalism that is rarely discussed in the US. In order for someone to make a million dollars annually,  10k must make around 35k. Thats just how it works. If everyone made 200k a loaf of bread would cost 50 dollars. hyper inflation.

Being good at things is not enough. Alot of people must be poor. Thats the ugly side of capitalism.

[Bytes]

14 hours ago, 45catfan said:

High tax rates never worked either.  Why?  Politicians spend it quicker than it can be budgeted.  I was very young when Carter was in office, but my older siblings told be the horror stories of gas lines and how hard it was to buy a house with interest rates around 20%.  Matter of fact there wasn't even a federal income tax until 1911 and somehow didn't incur a ton of debt.  Odd, right? Yet, our national debt was low despite having fought WWI, WWII, Korea and Vietnam...so it wasn't the military causing the debt to skyrocket.

Yes, social programs DO blow a hole in the deficit.  You can't give nearly everyone in a country the size of America a piece of the pie and not expect it to add up fast.  People love to site much smaller countries as a model where certain social programs work, but in a country this size with our very high standard of living, you can't do these types of programs and not incur a ton of debt.

Well high tax rates have work and do. Austerity NEVER. See Governor Brownback. Or see second term Reagan. In general right now, states that run supply side policies have more debt than high tax states. Thats a simple fact. Your oiece of the pie example is flawed. I said PERCENTAGE OF GDP not GDP. I hope you see the difference

[Wes21]

9 hours ago, Bytes said:

Well high tax rates have work and do. Austerity NEVER. See Governor Brownback. Or see second term Reagan. In general right now, states that run supply side policies have more debt than high tax states. Thats a simple fact. Your oiece of the pie example is flawed. I said PERCENTAGE OF GDP not GDP. I hope you see the difference

Texas has more debt?

[Paa Langfart]

18 hours ago, LinvilleGorge said:

 

Well, there went one for 24 hours.

Yeah this went down hill fast.  Was supposed to be about exchange of information about loss of income and how to remedy it.

[Bytes]

5 hours ago, Wes21 said:

Texas has more debt?

Texas has more debt than what? Again, in general states that have supply side economics (lower taxes, less government support) are less likely to have better debt to gdp ratios. Texas is an exception for a very specific reason which is about to crash now. They are very dependent on consumer tax. No tax on wages. So there will be a double hit to them. Texas has performed well because they have given great tax breaks to corporations which has bought in jobs, and they have a huge service base economic sector. Furthermore look at states that have strong supply side policies, Alabama, Mississippi, Oklahoma, Kentucky until recently, Tennessee all are at the bottom of the debt list AND with very little safety net. So Texas is the beacon on the hill for so called conservatives now, but history says it wont last.