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Thread: Wallstreet revolution

  1. #37
    Super Moderator UGLY's Avatar
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    Default Re: Wallstreet revolution

    Payton do you mean to say 40k a year is or isn't a living wage?. I am just trying to clarify

  2. #38
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    Cut that in half or more and a person should live comfortably .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  3. #39
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    Indiana is infamously known as the rust belt as all the factories are rusting along with farm machinery . I listen to unemployed guys bitch and moan about taking a $10.00 per hour job all the time . yet these guys were spoiled by years of Union inflated wages .Simply because you once made $25.00 an hour for standing next to a machine all day does NOT mean you are worth $25.00 an hour . It means you once had a $25.00 an hour job and little else .
    If i had any type of power i would start a business with a starting salary of $10.00 an hour with benefits . IF you are a single person and cannot live on that go elsewhere . Union officials will be shot on sight . I would guarantee 40 hours a week plus optional overtime .
    However I have no power and or money and capitalism does NOT breed loyalty . If anything just the opposite . My employees would sign a contract stating their aim is to provide an honest days work for their salary-I'd leave the logistics to the attorneys . Once signed this contract would stand as a 2 party agreement . you fail to meet X requirement and you are gone . You make X requirement and you have a job as long as the company exists .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  4. #40
    Super Moderator UGLY's Avatar
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    Default Re: Wallstreet revolution

    Quote Originally Posted by r.payton@att.net View Post
    Cut that in half or more and a person should live comfortably .
    Okay I was just confused because in your previous post you said if someone thinks that 40k is a living wage they are crazy. I thought I knew what you meant I just wanted to ask instead of giving you a rebuttal to something you didn't mean.

  5. #41
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    Well, 40k is still 20 bucks per hour and you would be hard pressed to convince me the average employee's time is worth $20.00 an hour . IF people keep living beyond their means then no amount of money will correct their problems as they sink deeper into debt . 40 hours at $10.00 per hour =$400 a week -plus OT every week =$15 x8=120=$520.00 per week base .
    Budget your money wisely and you'll even save some cash .
    rent+utilities=1,000.00 per month
    food=$200 per month
    entertainment = 200
    mad money =$200 per month==$1600.00 per month=allows for $400 per month savings .
    I exist on well under 1/2 that .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  6. #42

    Default Re: Wallstreet revolution

    You are right on Payton, the problem is that these people protesting want a million dollars now. The reason they want it is because they have grown up being told that the government would be there to take care of them. They all got trophies in little league even if their team sucked. They got smiley faces on failing grades. The schools were not allowed to fail them without the parents permission. These kids have never faced adversity and now that they find out that the real world isn't as cuddly as their parents house and the federally ran school system, they have no idea how to react. So they start protesting and pooping on cop cars.

    These idiots are not rational and cannot think with their own minds. I'll bet most have never been told to go out and play when they were little. Instead of making up games with their own imagination, they just plugged in a video game and became brain dead. That is part of the problem. These kids are fresh out of college and SHOULD have a lot of great ideas. But they don't because no one has ever made them think for themselves.

  7. #43

    Default Re: Wallstreet revolution

    Quote Originally Posted by quinn14 View Post
    The reason they want it is because they have grown up being told that the government would be there to take care of them. They all got trophies in little league even if their team sucked. They got smiley faces on failing grades. The schools were not allowed to fail them without the parents permission. These kids have never faced adversity and now that they find out that the real world isn't as cuddly as their parents house and the federally ran school system, they have no idea how to react. So they start protesting and pooping on cop cars.
    That's pretty accurate, I think. I heard they are now being called "The Flea Party", which seems appropriate.

  8. #44

    Default Re: Wallstreet revolution

    Payton,

    Interesting that you do the same thing that the Bureau of Labor Statistics does and that is compare PRE-TAX income to expenditures.

    Seems to me that post tax income is the critical number for budgeting purposes.

    I take it that cell phone is part of your utitlity cost to go along with cable and the combination of rent/electric/gas/water cost.

    Missing of course is transportation, insurance, education, clothing, and medical costs.

    Number of dwellers in a household vs earners is another important consideration.

    Here is the Bureau of Labor's numbers for 2010:

    Number of consumer units (basically households, more-or-less) 121,107,000

    persons 2.5
    earners 1.3
    vehicles 1.9

    Pre-tax income 62,481 (down from prior)

    expenditures 48,109 (down)

    food 9753 (down)
    housing 16557 (down)
    apparel and services 1700 (down)
    transportation 7677 (down)
    healthcare 3157 (UP)
    entertainment 2504 (down)
    cash contributions-charity and religion 1633 (down)
    personal insurance and pensions 5373 (down)
    other expense 3379 (down)

    The historical trend here, which you can study on the Labor website fundamentally supports your (and other commentors') major points. However missing is that all-important after-tax income figure.



    I'm a middle-classer.

    Here is some of my actual for last month:


    Food 124.49 plus a healthy percentgage of my "cash into wallet"
    Housing 819.86
    clothing 0
    transportation 904.48 (includes repair)
    medical 301.80 (includes eyewear)
    entertainment 49.47
    insurance 62.81
    communications 226.32 (the TV portion of the cable part of communications could be classified as entertainment).
    legal 50.00
    cash into wallet 800.00 (200 every monday has been my practice---not industrous enough to track how that is spent).

    I created the category of "communications" in my budget long ago. A signifanct expense these days. Service providers have been attuned to this and have bundled communciation services for marketing/competitive reasons. I cut AT&T out without service loss or cost increase. I'm sure many of you have made similar moves.



    I'm satisfied and make do, but that doesn't mean I can't be PISSED at Wall Street and the influence of the finacial market on our government.

    I'd pick up a poster and join the protesting crowd, except I would miss work.
    DSCH: a Soviet artist's reply to unjust criticism.

  9. #45
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    All of my speculations were for a single person-I've never known anything else . Do I hate Wall Street , yes . Do I think picketing anyone will ever do any good -no .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

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