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Thread: Americans Expect Biggest Pay Jump in Years

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by j-mac View Post
    As I predicted....This is good news, and you as a liberal can not accept that the signs are good.
    The labor market is tight (as it would have been if Hillary was elected) and that drives wage pressure. It has nothing to do with tax-cuts.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by j-mac View Post
    Surplus to Treasury, Wages going up....
    Thank you President Obama.

    Quote Originally Posted by j-mac View Post
    And Pelosi before the tax cut called it "Armageddon"... Now I am no financial wiz, but this news all looks good....Refreshing.
    Borrowing money and running deficits is widely known to make economies look good short term. The problem is that down the road you have to pay that money back. Given that our economy was already humming a long before Trump took office it is reckless and irresponsible to be borrowing money in order to stimulate an economy that's already hot. That's like pouring gass on a fire. All you're doing is wasting money. Best case scenario is that the Fed will have to increase interest rates in order to prevent hiper inflation meaning we just wasted a bunch of money for nothing. Worst case scenario we end up in a bubble that nobody notices in time, and when it bursts we're right back to where we were eight years ago meaning all this borrowing causes the next economic melt down.

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by Samhain View Post
    I get paid bi-monthly; federal taxes went down $135 for my 2/15 check.
    Have you thought about getting direct TV? You can get all your cable channels and high-speed internet for just $65/month for the first year with a three year contract agreement.

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by celticwar17 View Post
    They are working more productively mainly because of technology and that in turn is reflected in reduction in prices..... How much was a personal computer in the 80s? probably 20x the amount it is now... to even have the equivalent computing power of a cell phone it's almost priceless in comparison.

    We have all become richer indirectly due to better productivity.

    This is why I think it's bogus to complain about automation, automation will drastically reduces prices, causing all our dollars to be essentially worth more for better technology.
    No, productivity has made the owners richer -- as automation displaces workers and makes them compete harder for jobs. That's exactly why income inequality has been rising.

    Trump made a big deal about coal workers. Well, the nation produces as much coal as 20 years ago with 50,000 workers.



    Manufacturing, the same thing.

    Last edited by MTAtech; 02-13-18 at 04:15 PM.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by Old Trapper View Post
    And none were paying that rate with most paying zero.



    It has to do with profits, and that affects taxes.



    IMO, it is a lot of "pie in the sky" hope. As international corporations grow, and more mergers occur, more small businesses fail.
    most paying zero?

    citation please

    because as a shareholder of a LOT of s&p 500 companies, i cant think of one that pays zero taxes...not one

    now a couple paid zero a few years back when their losses mounted, and they used those loss carry forwards into future years

    but cite me something showing where even 10-15% pay zero tax now or even in last couple of years....i will wait
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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by MrWonka View Post
    Have you thought about getting direct TV? You can get all your cable channels and high-speed internet for just $65/month for the first year with a three year contract agreement.
    Cut the cable chord 2 years ago. I'm taking a 100 of it, setting it aside for my end of year tax bill, then using the remaining 170/mo on hookers.

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by Samhain View Post
    Cut the cable chord 2 years ago. I'm taking a 100 of it, setting it aside for my end of year tax bill, then using the remaining 170/mo on hookers.
    Cut the cord a couple years ago too.

    My beef is now that Santa Fe is a test market for Comcast and Centurylink billing using hard data caps to punish cord-cutters. You eclipse the data limit you start getting charged I think 10 gig block fees. And of course you have to take their word on it of how much data you used that month. Remarkably, I keep going over in the last three days of the billing cycle. Even one month where we were gone for four days and noone was around to use the internet. Next time we leave for more than a day I'm unplugging the modem and then ask them for a data usage chart.
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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by MTAtech View Post
    The labor market is tight (as it would have been if Hillary was elected) and that drives wage pressure. It has nothing to do with tax-cuts.
    Maybe, maybe not....We shall see as we go forward. But American's are able to keep more of their paychecks for the first time in decades...That can't be a bad thing.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by MrWonka View Post
    Thank you President Obama.



    Borrowing money and running deficits is widely known to make economies look good short term. The problem is that down the road you have to pay that money back. Given that our economy was already humming a long before Trump took office it is reckless and irresponsible to be borrowing money in order to stimulate an economy that's already hot. That's like pouring gass on a fire. All you're doing is wasting money. Best case scenario is that the Fed will have to increase interest rates in order to prevent hiper inflation meaning we just wasted a bunch of money for nothing. Worst case scenario we end up in a bubble that nobody notices in time, and when it bursts we're right back to where we were eight years ago meaning all this borrowing causes the next economic melt down.
    "Results of the New York Fed poll also showed 39 percent of consumers felt their personal finances were in better shape than a year earlier..."

    "46 percent expected to be in better shape in a year."

    So, that's a bad thing to you?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Americans Expect Biggest Pay Jump in Years

    Quote Originally Posted by Samhain View Post
    Cut the cable chord 2 years ago. I'm taking a 100 of it, setting it aside for my end of year tax bill, then using the remaining 170/mo on hookers.


    Do you save up the $170 and then go 'round the world?' Or can you get satisfaction monthly @ $170?

    Everyone appreciates your honesty, until you are honest with them. Then you are an asshole. George Carlin

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