William Gaatjes
Lifer
- May 11, 2008
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Ummm. So then wages are not fine then are they. You literally make that argument in those words above. What makes wages fine is when they cover the cost of living and then some to actually live life. So they are not fine.Wages are fine, it's the costs of living that's the problem,
Won't have anything like a subprime mortgage failure with the causes for that being regulated. Some other form of consumer credit/loan crisis, maybe. The data is lining up.Next subprime mortgage alike financial pandemic is coming ?
Fortunately yes - so manageable although not without some stressAnd did you have any "emergency fund"?
The government doesn't directly cut checks to CXOs for yachts. It's called profits and excess compensation.In a perfect world there would be a section in the charter of rights that dictates that taxes cannot be used for the ruling class's pleasure, or go out of the country, and that we can't pay more than 10% of our entire salary, and it has to go back to the people in the form of services.
Unfortunately it's not a perfect world and the ones using our money for their pleasure are also the ones that make the tax rules and take the money. Basically it's like a mafia, except legal.
Really people need to rise up against this, but not enough people seem to care. Farmers are starting to rise up in many countries but unless a good majority of the people join I don't think much will come of it.
One issue there is people don't always consider auto insurance rates which can be several hundred per month. And these fancy automotivable machines can't be worked on by the average backyard yokel, so service has to be added in to even change a light bulb, at higher hourly rates for the super techs.Won't have anything like a subprime mortgage failure with the causes for that being regulated. Some other form of consumer credit/loan crisis, maybe. The data is lining up.
Auto loan delinquencies are also up year over year. People taking out loans with monthly payments out of line with monthly income at crazy rates and duration.
Sighh... A second financial pandemic is coming or just a country wide financial crisis i guess...The average middle-class person in the US is getting squeezed from every angle with mortgage, auto loans, and credit cards. Most of it being their own fault. It's not sustainable.
He proposes the governing philosophy of the fine State of Mississippi, but with even lower federal income taxes.So how is reducing taxes going to improve any of that? You realize that the difference will be even more money going to those ruling elites?
The government doesn't directly cut checks to CXOs for yachts. It's called profits and excess compensation.
I'll let you guess on what mechanisms would serve as checks against ridiculous levels of corporate compensation and profits.
Like this 21 year old kid with a 4 cylinder Mustang.One issue there is people don't always consider auto insurance rates which can be several hundred per month. And these fancy automotivable machines can't be worked on by the average backyard yokel, so service has to be added in to even change a light bulb, at higher hourly rates for the super techs.
Fortunately yes - so manageable although not without some stress
Feature not a bug.Like this 21 year old kid with a 4 cylinder Mustang.
Spoiler: $556 car payment with a $770 insurance payment per month.
Plot twist, what you want requires oversight and more taxes.In a perfect world there would be a section in the charter of rights that dictates that taxes cannot be used for the ruling class's pleasure, or go out of the country, and that we can't pay more than 10% of our entire salary, and it has to go back to the people in the form of services.
Unfortunately it's not a perfect world and the ones using our money for their pleasure are also the ones that make the tax rules and take the money. Basically it's like a mafia, except legal.
Really people need to rise up against this, but not enough people seem to care. Farmers are starting to rise up in many countries but unless a good majority of the people join I don't think much will come of it.
Or we can simply have accountability in the system and get rid of corruption and gross waste of funds, and force the government to only be able to spend a fixed budget. Just like we all have to do in our own households. Imagine that!Plot twist, what you want requires oversight and more taxes.
Government finances are nothing like household finances nor should they be.Or we can simply have accountability in the system and get rid of corruption and gross waste of funds, and force the government to only be able to spend a fixed budget. Just like we all have to do in our own households. Imagine that!
Of course that's never going to happen because it goes against the very people who have the power to make that happen.
You literally cannot have that without oversight, regulation, and auditing, all of which cost money.Or we can simply have accountability in the system and get rid of corruption and gross waste of funds, and force the government to only be able to spend a fixed budget.
so you mean the rich who have the most power in getting tax evasion built into the system they help keep in power right?Or we can simply have accountability in the system and get rid of corruption and gross waste of funds, and force the government to only be able to spend a fixed budget. Just like we all have to do in our own households. Imagine that!
Of course that's never going to happen because it goes against the very people who have the power to make that happen.
You literally cannot have that without oversight, regulation, and auditing, all of which cost money.
Government finances are nothing like household finances nor should they be.
Just put it in the charter, that they're not allowed to take more than 10%. They are forced to make it work, since they can't just keep taking more.
I don't think I said 'well over'. But to your question we've saved between 25-30% of our income for retirement since our very early 30s and budget a fair bit for travel and a new car to replace one of our older and owned outright vehicles. So, without the emergency fund, one of those buckets would have to suffice.As you stated, the magnitude of your "unexpected expenses" was well over what you had in your "emergency fund", to the point that it was "stressful"
How do you think you would have weathered those HUGE "unexpected expenses" without your "emergency fund", financially speaking?
So, without the emergency fund, one of those buckets would have to suffice.