let them get roommates. the chinese are a lot tougher than most americans inc. most ET posters who are products of the american feely good education system. http://www.spiegel.de/international/world/0,1518,736035,00.html As speculators and increasing demand drive up Beijing's real estate prices, those who cannot afford the rent are going underground -- literally. Hundreds of cellars and air-raid shelters are being rented out as living spaces in the Chinese capital..........
0% tax still cannot compete against chinese/indian wages. Even if we lowered taxes to 0% an American employee will always cost more than a 5 cent an hour chinese employee or a 2.50 an hour white collar indian employee.
It would be against city regulations if an American were to live in a cellar or in a vehicle. Where I am, police will ticket non-moving vehicles if a person found in it between 2-4am. First it was a law against sleeping in a vehicle, now it is being in a non-moving vehicle. Big fines, if unpaid, vehicle will be impounded. Some years ago, there was a big old rural house that rented sleep space to poor migrants for about $5/night. They get a hot shower and a place to keep a sleeping bag with some changes of clothes. This was closed down as being an illegal rental. We have too many laws against those who cannot afford a regular apartment.
the poor don't own stocks or own anything of value. so the rise in the stock market on thin light volume is meaningless...it's paper gains... the only thing the poor knows is rising gas prices. rising clothing, rising food cost etc. and business rising wages and rising insurane an rising medical cost for employees. the stocks market is same as market for paintings...the average joe doesn't benefit if the stock market is propped up so fund managersand bank execustives get their bonuse checks on paper gains...the markets are propped up and paint the tape. the volume is so thin less than .005% of shares aer traded it doesn' really mean anything and no real wealth is created....in fact it's good money chasing bad money. the stocks market is insignificate to the average joe in the street.
If you had gone to a bad school, with math teachers hating math, u might not have passed it so easily. Environment is a factor.
Exactly right. Propping up asset values which in turn increase the cost of living does nothing to make this country more competitive. Increase taxes and fees to pay off public sector employees for life puts another unsustainable burden on private sector employees or the self-employed. Again, none of it addresses the structural breakdown in long term employment prospects. I doubt much of the working class generation would be up in arms about a full reset in housing prices if the cost of living dropped substantially. The banks would have none of it and the older generations sitting on houses that have gone up 5-10 fold over the past 15-20 years.
simple advice which in this case is correct and likely to be ignored. thieves always band together whether street muggers or muggers in white shoes ie goldman sachs or legal thiefs governments.
your number are way off to a degree that makes your statement ridiculous. furthermore why don't you explain why the germans and swiss are able to compete successfully with the chinese,