Page 85 of 98 FirstFirst ... 3575838485868795 ... LastLast
Results 841 to 850 of 972

Thread: The 1% will own more than the 99% by 2016, report says

  1. #841
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 12:23 PM
    Gender
    Lean
    Libertarian
    Posts
    41,582

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    Yeah, I remember those too. Something about not being able to breech 29.99 APR, but I don't know how the hell these places get past them. All I know is I have a friend who's wife used to work at one of these places, and it is heartbreaking the stories she tells about people that come in there and take out a $500. advance, then every week or two bring in $575. and come back the next day and take out that same $500. repeating the cycle never paying the loan off. Some of these people are elderly that once snared, never get out. It's sad. And these places if you take a look around, are situated, and saturated in the poor districts of every city and town...These people that own these places deserve a special place in hell.



    The part that I will ding the banks on is that the had people sitting in front of them that they knew damned well couldn't afford the houses they were buying, or the 2nd, and 3rd mortgages they were taking out, and did it anyway because they thought they'd just be able to push it back on the government, and get their money. Plus the incentives for the people working within the mortgage loan business was significant in the form of commissions, and to be truthful they simply didn't care, nor did they use any common sense when talking people into these loans....That's on them. But it doesn't give anyone the right to lie about income to get in the house, and then just walk away from it when they couldn't afford it.



    My contention is that we had that, but it wasn't followed. And this is where it gets partisan. There was a point when demo's were in charge that hearings were held, and regulators, as well as Repubs were raising holy hell about what was happening within the industry, and Demo's either ignored, or brushed off warnings....



    This IMHO, puts demo's just as culpable as those bank, and mortgage people that pushed the people for commissions.

    As far as "skin in the game" I will say this...We aren't doing this now either...Fannie and Freedie announced that they were going to open a program offering 3% down mortgages...Same thing all over again. But I will say this. 5 years ago I bought my house here in SC..I did it with NOTHING down. I have VA backing so, I didn't need to put a penny down according to the rules, but two things I did to ensure I could swing it, first I didn't buy more house than we could afford, and I immediately put the mortgage payment on auto pay through my bank tied to my wife's paycheck...So she gets paid on the 1st, and 15th, and the mortgage payment is automatically paid on the very same days...We never give the payment a second thought, and it's exactly on time for over 5 years now. Too many buy too much house, then play games with the mortgage payment.

    Too many people have NO idea how to budget, or the real effect of missing payments, or paying slow...See, I think that there ought to be mandatory budgeting classes say at the Community College before you can buy a house, and then one thing I haven't seen that should be there if someone was accounting savvy, or budgeting savvy, to start up a service not to charge those with budgeting problems, but to have a place for these people starting to sink, to go and put all their bills, and income on the table, and have a place to teach them how to work through it...Right now there are places like that claim that is what they do, but many times they are paid by the creditors, and are really nothing more than 3rd party collectors.

    We always say in this country that 'education is the key', yet when it comes to actually putting our money where our mouth is on that we shrug it off, and blame the person suffering...Anyway, those are my thoughts this morning.
    I think you have it all right except one small issue: If it was all Democrats, how is it that the situation wasn't fixed back when the Republicans had control of both houses of Congress and the White House?

    This is the issue with blaming the other party, regardless of which one that is or what the issue may be: There are times in recent history when the party doing the blaming had the trifecta, and did nothing.

    Yes, let's blame the Democrats. Let's blame the Republicans as well while we're at it.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  2. #842
    Sage
    mac's Avatar
    Join Date
    Jun 2010
    Location
    DC Metro
    Last Seen
    11-13-16 @ 12:58 PM
    Gender
    Lean
    Moderate
    Posts
    22,499

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    Do you have any evidence? In the face of stagnant wages, increased debt is how people prevented declines in living standards. Only problem is that's not sustainable.
    You're mixing things up. It was you that claimed lower net worth illustrated lower living standards.

    And I give you policies, you ask me who supported those policies, and now deny that I provided answers how. It's very strange.
    No, you made a vague reference to trade agreements and tariffs.

    One way to kill unions is right to work laws which encourage freeloading and make unions almost impossible to sustain. That is the purpose of those laws and they work. In Tennessee last year, workers tried to unionize the VW plant. Our Senators and state threatened the union with retaliation if they succeeded. If you want to acknowledge the massive alignment of governments and the wealthy against unions, and still claim they're not necessary, or even harmful to jobs, etc. that's fine. But the powerful interests don't hide this hostility and proudly claim credit for the effectiveness of union busting legislation.
    Whether anyone is for or against Unions is irrelevant. Being forced to join a Union, or any other organization, in order to be able to work is un-American. Would you support a factory that only hired registered Catholic parishioners?

    Perhaps, but their decline has followed declines in blue collar wages, benefits, job security, etc. Not surprising. One worker against Walmart loses. A union against Walmart has a better chance. Which is why Walmart will abandon a store before allowing it to unionize.
    Decline in wages benefits? Illustrate that please.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

  3. #843
    Sage
    Greenbeard's Avatar
    Join Date
    Aug 2013
    Location
    Cambridge, MA
    Last Seen
    Today @ 02:47 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    5,613

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by mac View Post
    How many sections did he veto and how many are specifically named in that reference?
    Romney vetoed eight provisions in the Massachusetts health reform law:

    1. An employer mandate
    2. Requirement for a report on the implementation/impact of the employer mandate
    3. Restoration of eligibility for qualified aliens to enroll in MassHealth Essential (a now-discontinued insurance program in Mass for the long-term unemployed)
    4. Restoration of adult dental benefits to MassHealth
    5. Requirement that the executive branch send a report to the legislature before changing any behavioral health services
    6. Requirement that the legislature be included in the negotiations with the federal government over the state's Medicaid expansion
    7. Changes to membership of a public health council that advises the state's commissioner of public health
    8. Changes to terms for members of the public health council


    He did not veto the individual mandate and, as has already been pointed out, was a pretty enthusiastic supporter of it.

  4. #844
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 02:38 PM
    Gender
    Lean
    Undisclosed
    Posts
    21,853

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by mac View Post
    You're mixing things up. It was you that claimed lower net worth illustrated lower living standards.
    It's not all I referenced, which you know of course.

    No, you made a vague reference to trade agreements and tariffs.
    That is a vague reference? The end of tariffs is a massive change in economic policies we pursued in this country from roughly the founding until the late 1970s and 1980s. "Free trade" has transformed out economy - really the world economy. And it's a choice. When we made it we decided to close 10s of thousands of plants, lose millions of manufacturing jobs.

    Whether anyone is for or against Unions is irrelevant. Being forced to join a Union, or any other organization, in order to be able to work is un-American. Would you support a factory that only hired registered Catholic parishioners?
    Work for a non union shop? That will work. If not, and you enjoy the benefits of a union, elected by your fellow workers, you shouldn't demand to freeload off their efforts. Pay the dues and quit whining.

    Decline in wages benefits? Illustrate that please.
    Already done.

  5. #845
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 10:45 AM
    Gender
    Lean
    Conservative
    Posts
    30,324

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Dittohead not! View Post
    I think you have it all right except one small issue: If it was all Democrats, how is it that the situation wasn't fixed back when the Republicans had control of both houses of Congress and the White House?

    This is the issue with blaming the other party, regardless of which one that is or what the issue may be: There are times in recent history when the party doing the blaming had the trifecta, and did nothing.

    Yes, let's blame the Democrats. Let's blame the Republicans as well while we're at it.
    I agree...The repubs took their eye off the ball, and Bush, plus too many bought into the populist idea of homeownership being directly tied to the American dream. This type of melding of the ideologies, and sacrifice of principles that would have logically fixed the situation before a total meltdown is what prompts conservatives like me to say that Bush was, in respects to his social agenda, was a progressive. That and the whole "we must suspend free market principles to save the free market" Bull....

    I don't claim to have the answers, nor am I smart enough, or clairvoyant to know what is in the minds and hearts of seemingly smart men in the position to make the change. But, I do know that Keynesian tactics with this mess we are slowly emerging from was made to last longer with slower rates of recovery using that system, as it has been shown over and over in history...Why we keep making the same damned mistake with this crap is beyond me...

    So, I guess now, with this statement, I'll have to listen to the same talking point crap I can get on MSNBC regurgitated back at me with the precision of a dvr recording of the actual show, as if they are saying something new...Like I've said to you many times in our 10 years of knowing each other on these boards, I am a simple guy, but I do know when they are holding out a bowl of steaming ****, and telling me it is chocolate ice cream....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  6. #846
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 12:23 PM
    Gender
    Lean
    Libertarian
    Posts
    41,582

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    I agree...The repubs took their eye off the ball, and Bush, plus too many bought into the populist idea of homeownership being directly tied to the American dream. This type of melding of the ideologies, and sacrifice of principles that would have logically fixed the situation before a total meltdown is what prompts conservatives like me to say that Bush was, in respects to his social agenda, was a progressive. That and the whole "we must suspend free market principles to save the free market" Bull....

    I don't claim to have the answers, nor am I smart enough, or clairvoyant to know what is in the minds and hearts of seemingly smart men in the position to make the change. But, I do know that Keynesian tactics with this mess we are slowly emerging from was made to last longer with slower rates of recovery using that system, as it has been shown over and over in history...Why we keep making the same damned mistake with this crap is beyond me...

    So, I guess now, with this statement, I'll have to listen to the same talking point crap I can get on MSNBC regurgitated back at me with the precision of a dvr recording of the actual show, as if they are saying something new...Like I've said to you many times in our 10 years of knowing each other on these boards, I am a simple guy, but I do know when they are holding out a bowl of steaming ****, and telling me it is chocolate ice cream....
    Don't sell yourself short, jmac. You're at least as smart as the average person in Congress.

    and a lot more practical.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  7. #847
    Guru
    Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    03-03-17 @ 04:36 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    I agree...The repubs took their eye off the ball, and Bush, plus too many bought into the populist idea of homeownership being directly tied to the American dream. This type of melding of the ideologies, and sacrifice of principles that would have logically fixed the situation before a total meltdown is what prompts conservatives like me to say that Bush was, in respects to his social agenda, was a progressive. That and the whole "we must suspend free market principles to save the free market" Bull....

    I don't claim to have the answers, nor am I smart enough, or clairvoyant to know what is in the minds and hearts of seemingly smart men in the position to make the change. But, I do know that Keynesian tactics with this mess we are slowly emerging from was made to last longer with slower rates of recovery using that system, as it has been shown over and over in history...Why we keep making the same damned mistake with this crap is beyond me...

    So, I guess now, with this statement, I'll have to listen to the same talking point crap I can get on MSNBC regurgitated back at me with the precision of a dvr recording of the actual show, as if they are saying something new...Like I've said to you many times in our 10 years of knowing each other on these boards, I am a simple guy, but I do know when they are holding out a bowl of steaming ****, and telling me it is chocolate ice cream....

    pssst....I will tell you a secret if you promise not to tell anybody
     
    it comes down to why people choose to spend or not spend their discretionary money (only the Austrians can tell you the answer)

  8. #848
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 10:45 AM
    Gender
    Lean
    Conservative
    Posts
    30,324

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Dittohead not! View Post
    Don't sell yourself short, jmac. You're at least as smart as the average person in Congress.

    and a lot more practical.
    I don't know if that first part is a compliment...heh, heh....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  9. #849
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 10:45 AM
    Gender
    Lean
    Conservative
    Posts
    30,324

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Declan View Post
    pssst....I will tell you a secret if you promise not to tell anybody
     
    it comes down to why people choose to spend or not spend their discretionary money (only the Austrians can tell you the answer)
    Go on.....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  10. #850
    Sage
    Lord of Planar's Avatar
    Join Date
    Dec 2012
    Location
    Portlandia
    Last Seen
    Yesterday @ 03:40 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,325

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    Wrong, Reagan NEVER Raised INCOME TAXES and your comments continue to show you have no idea what taxes you pay and what they were for.
    I'd have to double check, but I think when the tax rates were revised, many did see an average increase in tax rates under Reagan. It was small, but remember, the tax code changes from several tax brackets, and was simplified to three under Reagan. There were both winners and losers. A quick look at an unfinished excel sheet I have shows tax payers paying more starting for the 1987 tax year. Not by much at all, but factually yes.

    Quote Originally Posted by Conservative View Post
    Payroll Taxes fund SS and MEDICARE and thus are use taxes as well.
    These did increase, and we need them to be increased once again. With longevity and medical costs, these rates are not high enough today.

    Quote Originally Posted by Conservative View Post
    Not every American pays into SS and Medicare either thus if they didn't they didn't pay but if you earn income in this country you pay FIT.
    Those who don't pay into it are collecting what for income? Only capital gains and dividends? They will likely never need to collect SS and if they can, it will be the minimal levels as it is based on what you pay in.

    Quote Originally Posted by Conservative View Post
    I just don't understand the loyalty you and others have to taxes
    That is the $64,000,000 question!

Page 85 of 98 FirstFirst ... 3575838485868795 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •