Even with inflation in 1970. It only took 1 worker

It comes naturally...

 

People who have cell phone bills that complain about not having healthcare are ridiculous to me. Maybe I am out of touch, but my company pays half my healthcare and I pay the rest. its 90 dollars a month which is exactly what your cellphone is after taking out taxes. Jeez even the stupidest, laziest kid in my fraternity has a job paying 40g and the stupidest laziest sorority girl I know has a job paying at least 30g.

A cell phone is a luxury
Cable is a luxury
A car payment is a luxury
Not having a roommate and paying more than 500 a month is a luxury
whining is a luxury
working your butt off for 7 years and not gaining any traction is not lazy, its dumb.


ps. the jobs mentioned above do not require you to be related to the Baldwins

 

Makloda,
Your parents were excessively frugal.
And I thought my parents were.
My parents came to this country from war torn europe as immigrants from the Soviet Union and Germany with english as a second language.
My father worked for Pabst Blue Ribbon Brewery in Newark NJ. My Mom worked as a cashier for Pathmark supermarket and then in a local Bank.
We were able to own a home and a second home (Bungalow) in Seaside Park NJ.
""""we never ate out"""
"""we did own 2 Chevy's, Malibu and and Impala"""
""""we flushed our toilets with the toilet water"""
"""""Our house was pretty cold""""
"""""My parents were able to send 1 kid to college my sister to Georgetown, I paid for my own education at U.C.S.B. for a BA in Economics and Accounting and then a Master in Taxation"

I believe things are quite better for Americans today.

 

Do you have any idea how self-entitled and childish your whining looks in this context?

It's clear from your posts that you're holding yourself down way more than the economy or external circumstances are. You have a simple choice: continue to wallow in your "victimhood" or change your attitude and accept personal responsibility for your future. Which means making intelligent, rational career decisions and then acting on them.

Please save the bratty retorts and tantrums because reality is what it is, whether you acknowledge it or not, and it won't conform to you, you must conform to it.

 

We live in a world of natural selection where only the strong survive (or get paid more). This concept, originally applied in biology is paralleled to economics. Yet when we think of what it means to survive in a society we equate survival with success. The level of success a person has is usually determined by not his net worth but his net worth relative to the people he lives among. This means for one to become successful there must always be a less favorable position being occupied. But this is misleading. It becomes very detrimental to define success by comparison whether it be the comparison of one person to another or one person to what that person would have been able to achieve had the circumstances or era been different. If that is your demeanor than being content in life means living among people who achieved less than or equal to you. There are happy people who some would describe as poor that live to a hundred and then thirty something year olds who jump out of windows after their ten million dollar bank account losses 50% of its value. If you are a hard worker and none the less you enjoy working you will survive. Survival in no way ensures happiness because that is a condition of character not circumstance. Your labor in return will accommodate you with the goods and services you need to live well, if it didn’t society wouldn’t exist. Though, two problems inevitably arise from this: First is that equal amounts of labor will not always purchase equal amounts of goods and services. So when someone expects their labor to only purchase more and more, disappointment is frequently encountered. Secondly every individual defines “living well” as their living conditions relative to someone else’s which once again equates to envy.
If you are upset because of what other people have and you don’t, or what was once attainable in the past which now requires more labor/education than previously, than I believe that one thing is for sure… you will continue to feel this way. And it will for sure take more than a policy, politician, CEO, law, tax… etc to change that kind of attitude. First, start by trying to appreciate waking up in the morning.

 

u get a soul,just 1,then u are dropped somewhere,within a big happy family in a great place ,or the opposite,human nature is to make the most of it,history has poited out many success stories from both starts,it's yours,you get one chance ,try to enjoy your gift

 

Well your post was very well thought out. The whole point of capitalism is just what you say above, equal amounts of labor buy unequal amounts of goods. That is a good thing. However I don’t believe that people are dissapointed, like you say, because their labor does not buy more and more. They are dissapointed because it buys less and less. This is evident over the past 8 years where the average household income has gone down $1000, yet the cost of living has gone up $5000.

This is a concept that people on this thread simply don’t want to recognize. How do you expect people to simply work harder and get more education and job skills just so there labor purchasing power can stay the same? Eventually they will give up and just vote for the person who will give them what they thought they were working for in the first place.

 

Ok I’ve spent too much time on this and have other things to do. So we’ll solve this one simple way. If I lose, I’ll admit I’m a lazy scum of the earth, ungrateful, whiny, person who doesn’t have anything because he simply won’t work for it. I am opening this up to everybody on ET who reads this.

What is the first part of the American dream? To own a home. My parents bought our home the year I was born, 1984, when they were 31 and 29. My dad was starting his carpentry business and working at a grocery store, and my mom stayed home. All you baby boomers out there who say it’s easier to get ahead now than 30 years ago, should therefore know plenty of under 30 people who are doing great.

To anybody out there, please give the first name and the state of either yourself or somebody that you personally know under the age of 30 that meets the following critieria. Obviously there’s no way of verifying anything, so you’re on the honor system.

1) Owns their own home (at least a good sized condo).
2) Put at least a 10% down payment when they bought it.
3) Is still able to comfortably afford the mortgage.

I believe that this adequately describes a qualified mortgage holder. I personally know just one person in this category. If I can get 10 names, I will admit that my generation is lazy and doesn’t have what others do because they refuse to work hard for it. Surely there must be 10 people out there. Right?

 

Aren't you some asian kid in your 20s who rents a room and daytrades part time for a couple hundred a day at the most?
It's a cushy & easygoing lifestyle, no doubt, but rich? I don't think so. Although I've been there and I miss it.

Sandy is whining, but you the extreme to the other side. The people are being impovershed against their will. The TARP, mortgage bailout, Federal Reserve are doing that. 95%+ of the population are going up against the tide. There are going to be a lot of rich people who will be almost poor in the next few years. They will all have your mentality, by the way.

There are always opportunities but nothing to the scope of what 1980s-1990s held. I know a lot of wealthy individuals, most of them were simply lucky & had the right connections. At the same time, most will be finished in the next few years and there is nothing I or anyone else can do to help them. It's the "I'm doing fine, and you just suck" mentality that you have.

Your posts have value, but you fail to see that at the core, the "whiners" as you call them are on point. Open up your mind, as your whole argument trying to discredit the general thesis of this thread is failed.

 

I would love to compare my trading account with yours -- if you clown trade at all that is. How about it, Mr. Arrogant?