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Thread: Census shows 1 in 2 people are poor or low-income

  1. #231
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    If I have more, I win.

    Do I need to define win for you?

    Seriously, that's good, but that group is shrinking and not growing. That's the point. Ideally, just like in grading, you'd like a nice curve with most in the middle. If you have most at the ends, and the middle small, there is likely a problem. This really isn't complicated.
    win is how you define it for yourself

    I suspect you don't have much of an athletic background but its a matter of perspective

    If I go into a tournament as the 32nd seed in a field of 64 and I get to the quarter finals I would consider that a win. If I am the #1 seed I would consider it a LOSS. If I come from the ghetto and went to a third rate HS school and make Honors at a good public university that is a clear win. If I have an IQ of 165 and graduated valedictorian of a top prep school mere honors at a decent state university would be failure.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    My leaps are better than yours.

    I suspect changes to the law, like the expansion of credit in the 1970's following the FCRA and also in the 1980's with mortgage interest being tax deductible.
    That's why I try not to leap.

    Perhaps, and more. From corporate welfare, to trying to control the economy by making up for low wages with credit, the idea itself, would also be among the reasons. Government likely should favor no one, but if it were going to, I'd argue the middle class would have been a better choice.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    win is how you define it for yourself

    I suspect you don't have much of an athletic background but its a matter of perspective

    If I go into a tournament as the 32nd seed in a field of 64 and I get to the quarter finals I would consider that a win. If I am the #1 seed I would consider it a LOSS. If I come from the ghetto and went to a third rate HS school and make Honors at a good public university that is a clear win. If I have an IQ of 165 and graduated valedictorian of a top prep school mere honors at a decent state university would be failure.
    Really, in the game of football I determine if we win or not? Hell, I just won the superbowl!!!!!!

    Sure, I like improvement, and I compete with myself more than anythingelse, but let's face it, if I'm coach of the KC Chief's, I'd better have a few real wins if I'm going to keep my job.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  4. #234
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    Who is the winner of football, baseball, soccer, etc?
    Each game has but one winner. If the game is economic success, that is one game and not three. In the game of get it all, only one will. But, you and he miss the point. I don't even say that is the game. I say that it shoudl not be the game. That we should seek more and put less emphasis on winning that game.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #235
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    That's why I try not to leap.

    Perhaps, and more. From corporate welfare, to trying to control the economy by making up for low wages with credit, the idea itself, would also be among the reasons. Government likely should favor no one, but if it were going to, I'd argue the middle class would have been a better choice.
    The FCRA was done to prevent discrimination in credit lending.
    The problem is that it may have loosened standards, too much.

    It's an unexpected consequence of government legislation, that had broad and sweeping effects.
    Keeping up with the Jones was easier than ever, to the point of moral hazard, by both lenders and borrowers.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    Each game has but one winner. If the game is economic success, that is one game and not three. In the game of get it all, only one will. But, you and he miss the point. I don't even say that is the game. I say that it shoudl not be the game. That we should seek more and put less emphasis on winning that game.
    Is the team who won in the first game series, the same that won in this game series?
    Have they won every single game forever?

    Winning is what you make it, I consider myself a winner, based on my income and the lifestyle I'm able to afford with it, especially when my peers struggle at the same level.
    Why am I a winner, because I have fiscal discipline.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    The article I gave you said:

    Florida's unemployment rate remains far higher than the 9.1 percent national average.

    And then it said this:

    Recently, both a Tax Foundation study and University of Central Florida economist Sean Snaith have argued that reducing taxes has no discernible impact on job growth.

    It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates — Connecticut, New York, Illinois, Massachusetts, New York and New Jersey — all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.
    Tax cuts don't create jobs - Tampa Bay Times
    Sorry, the numbers based upon the states presented don't support that. Maybe it's true, maybe it's not but cherry picking one state and then coming to conclusions based upon that is more than a little flawed.

  8. #238
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    The FCRA was done to prevent discrimination in credit lending.
    The problem is that it may have loosened standards, too much.

    It's an unexpected consequence of government legislation, that had broad and sweeping effects.
    Keeping up with the Jones was easier than ever, to the point of moral hazard, by both lenders and borrowers.
    WHo said it was unintended? Business needs buyers more than tax cuts. I think our leaders really know that. Worker wages couldn't go for ever, and unions fell out of favor, like with reason. Still, you need buyers. Credit needed to eb expanded, or the economy gets worse. Less people are hired, and the cycle gets rather bleak.

    Charrrrrge it!!!!!

    And we need this attitude of keeping up with the Jones'. It encourages consumerism. Like I said, business is very short sighted at times.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by 1Perry View Post
    Sorry, the numbers based upon the states presented don't support that. Maybe it's true, maybe it's not but cherry picking one state and then coming to conclusions based upon that is more than a little flawed.
    No one is cherry picking. Flordia was used because it was a florida article. That is why I gave you other articles.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  10. #240
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    WHo said it was unintended? Business needs buyers more than tax cuts. I think our leaders really know that. Worker wages couldn't go for ever, and unions fell out of favor, like with reason. Still, you need buyers. Credit needed to eb expanded, or the economy gets worse. Less people are hired, and the cycle gets rather bleak.

    Charrrrrge it!!!!!

    And we need this attitude of keeping up with the Jones'. It encourages consumerism. Like I said, business is very short sighted at times.
    It was unintended, because it was meant to allow consumers access to their credit reports to fix errors and it also outlawed arbitrary discrimination on credit granting and reporting.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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