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05-01-2017, 08:31 PM #211...and according to which an ensign might rank incomparably higher than a general, and according to which what was needed for success in the service was not effort or work, or courage, or perseverance, but only the knowledge of how to get on with those who can grant rewards, and he was himself often surprised at the rapidity of his success, and at the inability of others to understand these things
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05-01-2017, 08:34 PM #212
You make it sound like I'm the blame for inflation when I had nothing to do with it. Yes, the government prints money.
Friedman was nothing more than a ultra free market capitalist. Profit at what cost? It's nothing more than a race to the bottom.
Sorry but there is social responsibility in our capitalistic society. Be happy that you're even able to type this on a laptop ya fuk cause your ancesters fought for your labor rights in the early 1900s.
BRB ur a fukin idiot. BRB let the company you work for pay you $1 an hour cause its a free market bro. u wanted a free market bro, there you have it. lol
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05-01-2017, 08:37 PM #213
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05-01-2017, 08:37 PM #214
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05-01-2017, 08:39 PM #215
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Belief without evidence is a fools game.
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05-01-2017, 08:41 PM #216
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05-01-2017, 08:41 PM #217
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05-01-2017, 09:21 PM #218
Obviously you aren't personally in charge of fed policy (thank fuk), but you are criticizing capitalism for creating inflation, while of course the exact opposite is true. Meanwhile, your answer is some for of socialism, exactly what caused the problem in the first place.
Uhh yeah, an ultra free market capitalist who won a Nobel Prize and is widely regarded as one of the best economists of all time, it's almost like he was onto something.
Profit at what cost? So the problem with capitalism is greed? Why don't you name an economic system that isn't influenced by greed?
LMAO at race to the bottom and LMAO at you telling me to be happy I have a laptop, I have a MacBook Pro and a MacBook Air, and what do the people living in socialist/communist countries have? Then you say I'll be forced to work long hours for low wages under capitalism, but that happens in the most capitalist countries (Switzerland, Australia, New Zealand, Singapore, Hong Kong) right?! Oh waittt, it happens in China, Venezuela, Cuba, North Korea, Russia, India, etc... it's almost like chitty labor conditions are a result of central planning, not capitalism. Before capitalism, retirement didn't even exist man.
If we want further proof, we need only look at the theory. A company can only get away with paying what somebody is willing to accept, so they can't just set your wage arbitrarily low, because you can just find somewhere else that will outbid them, at least until the price returns to equilibrium. The other protection you have is your skill. If you're a skilled worker, your employer may be able to find cheaper labor, but if the person is cheaper because they're less skilled, the employer may actually make less profit because the loss of revenue would be greater than the savings on expenses. My evidence is the real world, where 97% of the workforce already makes more than what's federally mandated, and the majority of the other 3% doesn't work full time.
The other thing about markets is that they exist whether you like it or not. You could try to force businesses to pay their employees a certain wage, but unless that federally mandated wage is greater than that worker's marginal revenue product of labor, the business will just not hire that worker, instead of hiring them for a less than idea wage. Which situation seems better? The only way you can get out of making that choice is if you use violence to force a business to hire a worker at a loss, and I don't think you would want that either?Formerly MedellínMiscer, Currently BostonMiscer
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05-01-2017, 09:26 PM #219
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05-01-2017, 10:02 PM #220
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05-01-2017, 10:28 PM #221
Are you talking about a specific poster ITT?
IDK though, on the one hand I understand that it's a massive waste of money to go to college and not graduate with tangible skills, but on the other hand, I wouldn't want my college experience to be glorified trade school. I definitely see the value in using college as an opportunity to grow intellectually and I think liberal arts courses have value in that capacity. Obviously something like gender studies is complete bs though.
I'm doing a BA-CS in a college of arts and sciences and I know I'm loving the opportunity to take courses in economics, politics, history, philosophy, etc. I'm probably going to get an MBA in a few years too so I'll have a good mix of STEM, liberal arts and business. I think at the end of the day, anybody that goes to a good school, gets good grades, gets relevant work experience before graduating and does a reasonable amount of networking will be fine.Formerly MedellínMiscer, Currently BostonMiscer
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05-01-2017, 10:51 PM #222
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05-01-2017, 11:03 PM #223
The problem is just about opposite here in Aus. Millennials complaining that oldies are sitting on 4 bedroom homes when they don't need it.
Our social security benefits for the elderly (65-67+) is based on an assets and income test. The assets test doesn't include the value of the 'family home'.
I.e. if you have $200k of investments and a $1,000,000 family home, you're treated the same as someone with $200k assets and a $300k family home. To get the full 'age pension' (approx $34k for a couple), you need less than about $375k in assets (ie shares, managed funds, bank accounts, caravans, cars etc). So those with over the $375k assets, are using the excess to 'renovate' their family home to reduce their 'assessable' assets and access the age pension.
I.e. A couple with $550k in investments (plus a family home) would get very little from the government as an 'age pension'. So what they do is take $200k of that and renovate their home, they now have access to the full age pension of approx $34k a year plus a few hundred $k left over and haven't really changed their inheritance for the kids.
3-5 years that will change, but for now, that's the rules!
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05-01-2017, 11:09 PM #224
I think liberal arts has value, but I ain't gonna pay that much to study it - that's something for free time unless you're really pursuing some specialized end game career.
I have no problem with BA-CS, because you graduate effectively with marketable engineering skills and a degree that will get you interviews.ð•®ð–ð–†ð–˜ð–Š ð–† ð–ˆð–ð–Šð–ˆð•¶, ð–“ð–Šð–›ð–Šð–— ð–ˆð–ð–†ð–˜ð–Š ð–† ð–‡ð–Žð–™ð–ˆð–
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05-01-2017, 11:34 PM #225
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1994 brah reporting in
My last job I went from making $45k gross at a retail company down to $25k at my current job. I am a college student though. Transferring to a university next year from my current California community college. Accounting & Economics double major at UCSB or SJSU srs
I'll receive my Associate's Degree in Accounting next summer too. Plan to work as entry-level bookkeeper/junior accountant while finishing my upper-division course work. Hope to get internships and ****
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05-01-2017, 11:42 PM #226
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05-01-2017, 11:52 PM #227
This is the part I question the stigma towards the NEETers. Are they are really rotters and good for nothing lazy people staying at their parents house? Meanwhile we get people age 18-34 making barely $30k a year. These are the same people that's supposed to buy the houses once the baby boomers downsize and downgrade.
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05-02-2017, 12:32 AM #228
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05-02-2017, 12:53 AM #229
I can tell you that most from my generation are terrible employees with very little work ethic and a lack of a professional attitude you can trust.
Hate to say but it's probably video games/technology, young people are WAY too entertained to want to put real hours in.
I can count on two hands the number of my friends out of 100 that seem hire-able really.
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05-02-2017, 01:09 AM #230
Wrong. If you have a family $150k isn't really that much in any major city. Let's say for example $4k mortgage, $1500 2 cars payment, $1k health insurance, $1500 groceries, $500 cleaning ladies, $300 gas, $400 electricity, $200 water. Your fixed costs are already at $9400/month. When you consider the taxes you have to pay on $150k income you're already near your spending limit without really balling out much.
That used to be me but now I ceo 10k/day crew srs.
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05-02-2017, 01:12 AM #231
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05-02-2017, 01:34 AM #232
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05-02-2017, 01:36 AM #233
Really though?
Cleaning ladies? You can't say someone has it rough and then say they have cleaning ladies, or multiple cars that are $750/each, that's high end car stuff. Then a $4k mortgage, that's a Really nice place. $400 for electricity, they are leaving the lights on all night.
This year I'm making about $370-400k but I can admit that the budgeting of this hypothetical person isn't top notch, or they don't realize they have things good.
That's also assuming the person is single and has to pay all the bills themselves. Add a productive significant other in there, split most of those bills and add a big chunk onto your income, etc.
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05-02-2017, 07:47 AM #234
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I agree that 150k combined is not huge money for a family in a high CoL area, but your numbers are ridiculous. 4K mortgage? Either you put literally no money down at all or are living in a castle. Even in NJ thats obscene. 700 per car? a 30k car with decent down payment shouldnt be more than 500/month. Do you really need two new 35K cars?
Cleaning lady and 1k for utilities, you what??? These numbers should be halvedPhila crew
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05-02-2017, 07:52 AM #235
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05-02-2017, 08:01 AM #236
Two things.. one I am assuming the number is your reported income for end of year.. so you can say you make 80k and maybe after deductions you will report 50k... maybe you make 50k and after deductions you report 25k...
Second... I think it's going to be a very short time until we see the comp sci bubble burst hard
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05-02-2017, 08:02 AM #237
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05-02-2017, 08:10 AM #238
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05-02-2017, 08:14 AM #239
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05-02-2017, 08:45 AM #240
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Belief without evidence is a fools game.
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