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What federal banking system did Lincoln fight?
yep, socio/economic mobility (upward) is now greater in Europe than in USA (where socioeconomic mobility is greater downward)
In USA, born rich or poor, die rich or poor.
sick's Horatio Alger anecdotal fairy tale totally ignores how inequality of opportunity, which includes exclusionism, discrimination of many types, keeps 10Ms of young people poor or nearly so their entire lives. The oligarchy/Repugs have been and will continue to over poor people.
And of course real household income has been effectively unchanged for 35 years (thanks, oligarchy), and single male real income is actually down since the 70s.
sick's "it's your own damn fault" for not "succeeding" is right wing bull , blaming the victim (for being raped socio/economically)
Last edited by boutons_deux; 05-31-2018 at 09:15 AM.
What federal banking system did Lincoln fight?
When it comes to wealth Americans are their own worst enemy. Our lifestyle is what is holding us back from ac ulating wealth. Only Americans think they need to buy a new car every 4 or 5 years. Our grand parents and great grand parents didn't think like this, they bought a car and paid for it, and then they drove it until the wheels fell off, they they put them back on and drove it more. Maybe much later in life they bought another new car.
How often do Americans buy new houses? It is almost unheard of for someone to pay off their mortgage today, most are ended within 12 years. They are ended not because they are paid off but because American's like to think they can afford a bigger and better home. Our grand parents and great grand parents didn't think like this, they bought a home and lived in that home until they took their dirt nap.
This is why that generation was the last to retire with dignity. If you want to become wealthy, you don't have to be born with money or have a great education, you need to learn how to Save your money.
My parents between them have one high school diploma, and they are millionaires. They didn't get that way by being lucky or having great jobs. My dad was career Army, he put in 20 years and got out, he then went to work for the post office, put in another 20 years and got out. My mom worked her whole life at department stores selling makeup.
What they didn't do was buy a lot of houses or cars. They bought a house back in 1980 and paid it off by 1992. Between now and 1992 they have been living without a mortgage and saving that money. Their cars were paid off after 5 years and they drove them until a car accident basically forced them to get a new one, and they paid cash for it because they saved. My dad is still driving his Dodge pickup he bought back in 1978. He replaced the transmission twice and the motor once, but it is still in good shape. He hates car payments.
Did they struggle, yes, but now they have ac ulated over a million dollars and as I understand it, it's approaching 2 million. I don't know where that puts him on the scale of wealth, but I know what got him there.
"When it comes to wealth Americans are their own worst enemy"
another anecdote, useless in the Big Picture
congrats to your parents for succeeding. Do you have any idea of the advantages, or lack of impediments, that they have had that 10Ms of other haven't, don't have?
So your idea is that EVERYBODY can be millionaires if they just quit spending money and work their asses off for decades?
Last edited by boutons_deux; 05-31-2018 at 12:01 PM.
Chris every time you've brought up this lincoln story, i've asked this simple question. you've never responded tbh... i believe this is the 3rd separate instance
You can either do what they did or just cry that you weren't born with a silver spoon in your mouth and lament that you are poor. What I'm telling you works, save your money, quit spending, if you don't have a good job, join the military, excel at it and retire in 20. Go work a civil service job for another 20 years.
go become a plumber, learn how to make cabinets, and do it for 40 years, it doesn't matter, what matters is living within your means quit spending on crap you don't really need and save.
Everybody can be millionaires, my parents proved that. I personally didn't see any advantage to that because when I was living in their home, it was as middle class as it gets, It wasn't until about 2000 when they started to see the fruits of all their savings, they are both still alive and my kids are seeing more of it than I was. I am working my ass off, I paid for my own college and I am following their example in my own life. I will have my house paid off in about 9 years so I will be going into my later years with no house payment and about 18 years of rent free living. Notice I didn't mention a thing about inheritance, I don't count money I don't have. If I am left anything from them, than I will be better off, but I'm not going to rely on what I don't have in my pocket.
70% of wealth building comes from what you contribute to it, not from luck or having elite situation, it comes from SAVINGS. Everyone can save, even people with terrible jobs can save some. You just have to chose to do it and stick to it.
Here is a list of you probably have that you don't need.
Cell phone, no phone equals between 600 and 1500 savings per year.
No cable TV, another 600 to 1200 per year in savings
Quit eating out, learn how to eat at home and you will save about 3000 to 5000 per year.
Walk, you don't have to drive everywhere, gas savings alone will be about 1000 per year if we just learn how to park the car and use the feet God gave us.
Raise the thermostat to 80 degrees, I know Texas is hot, but when I was a kid, my parents never set it below 80 degrees
I could go on and on, but if you say no to these things, then you are your own worst enemy and you need to look in the mirror because you don't really want to do the things you need to gain wealth.
"cry that you weren't born with a silver spoon in your mouth and lament that you are poor."
false situation.
most of the Americans in or near poverty, going paycheck to paycheck, and on public assistance, are employed, are ing WHITE, with maybe 2 or more ty, low-paid, dead-end jobs.
We live in a society super eager to give our monies back to the "corporate" elite and we foster a society that enables minimally skilled, non producing entertainers and athletes to join the elite, but they've little to return to the economy sans their taxes.
We are a materialistic, spend-first society fueled by how the entertainers, retailers and athletes present an unrealistic lifestyle to us. Couple in the "look at me, I'm awesome/caring/rich-but-not" culture that social media fosters.
Just like with guns, the class gap issue can best be addressed when we as a culture indict ourselves first and put some personal accountability onto ourselves.
Commence butt hurt libs because copy/paste brings more to a discussion than an actual discussion.
Wine and Bou arguing that children don't inherit their parent's habits. Do you have data to back that up or is it just another meaningless post?
Napoleon challenged the bankers when he started to print his own money. Guess how that turned out?
Not the creature from jeckyll island, but it was the same families.
what federal banking system did lincoln fight? should be a fairly straightforward answer. no need for riddles
There is zero correlation between that counterpoint you made to the argument. You're a ing moron.
I didn't say so.
Feel free to continue to argue with yourself.
.
You're fond of hypotheses that turn on one data point.
Did I say anything about color? Do I care that moronic white people fall in the same category as others in our system? I know lots of people of color that are smart enough to get out of the dogma that is our social economic system and take control of their lives and their finances.
Again, it's not about how much you make, it's about how much you save and put away. And just for your information, I'm a wealth manager and teach people this on a daily basis. Anyone that knows me has heard my story countless times.
Oh and if you want to get a better idea of the principals I just taught you, pick up a Dave Ramsey book, he pretty much teaches the same principals, we differ in many things but are both on the same page when it comes to getting out of debt and saving for retirement.
Occupy Wall Street ain't getting the Dems votes on this round. Chumpettes not gonna care, tbh.
Typical pseudo intellectual article from the Atlantic. Very long, riddled with statistics, zero solutions.
best of luck to you if read magazine articles hoping to find solutions to pressing social ills.
I thought it wasn't a bad description of the bad faith of good liberals in the top decile.
My feeling is both Democrats and Republicans are a bunch of Lemmings, following the leader off their proverbial cliff.
Try for a moment to actually think on you own, don't use canned comments and just decide who you are and what you believe. I have both liberal and conservative views and I reject all parties that try to fit me in their little box.
It’s very clear that being social creatures we are likely to mimic what others hold important. So it’s very difficult to argue your point. I would go further stating that what makes people “happy” is a bit rotten. We seem to seek material instead of moments. It seems very few people go back and recall the best moments they have had in their lives. Luckily for me these do not involve vacations or materials. Totally random moments with the right people at the right time given a random but precious situation, no planning.
I could go on. So... I won’t and will say:
I really liked the article Winehole put up. It involves self reflection and some interesting stats. Very Judeo-Christian in self reflection on one’s life as it relates to and how it affects others.
And... I have the good sense to realize I was born into a relatively great situation. If one reads Vito’s post, he needs to state that. Vito is lucky imo. So am I. I am not a Syrian child or a kid born to a crack mom. My parents somehow brought me up properly and allowed me to at least be able to analyze what self fulfillment and happiness entail for me. And to look at others and realize I don’t walk in their shoes, so be careful in judgement and realize what one does can affect others; Empathy is to be valued.
So now we Return to ragging on each other realizing it would never happen face to face.
If you have a net worth of $8, you’re doing it wrong.
DarrinS picking on the blacks for lacking character and smarts, like he does.
It's not racism because it's an "accurate group generalization"
A $500 surprise expense would put most Americans into debt
Fifty-seven percent of Americans don’t have enough cash to cover a $500 unexpected expense,
according to a new survey from Bankrate, which interviewed 1,003 adults earlier this month.
While that may appear dire, it reflects
a slight improvement from 2016, when 63 percent of U.S. residents said they wouldn’t be able to handle such an expense.
The improvement reflects the stronger U.S. economy,
https://www.cbsnews.com/news/most-am...gency-expense/
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