- Nov 19, 2008
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Like I said, you can not invest MILLIONS OF REAL ESTATE & RETIREMENT FUNDs!!!!
LOL I don't even know what to say.
Retirement funds aren't invested in something? Do your parents live in million dollar houses?
Like I said, you can not invest MILLIONS OF REAL ESTATE & RETIREMENT FUNDs!!!!
LOL I don't even know what to say.
Retirement funds aren't invested in something? Do your parents live in million dollar houses?
No, they don't live in million dollar houses. The one they live in might touch 1 million, but 1/2 of it is rented out (2 family house).
Retirement funds are very limited in what kind of markets you can invest in. And even if they made 10% a year (which they used, or around 8%), you can't touch it until you're old anyway.
So basically all of their money goes towards mortgage and costs, very little of it can even be used, and by the time they retire, they'll be able to either keep living in the same houses and have some decent change to go on trips or buy some stuff, but for the next 10 or 15 years, they're not living any sort of rich lifestyle.
THESE are the present day middle class.
Sorry brah. Most people would disagree that your parents are middle class.
Middle class is typically blue collar and they live in modest housing with little or no savings.
Modern populations have twisted the definition of "middle class" into meaning everyone who isn't poor or isn't rich because it's tacky to just admit you're rich.
This sounds like another boring anti-commie post by an American who knows shit about it.
Note: I didn't say communism is good nor bad. I'm saying you know shit about it.
I'm not referring to UK style socialism but I'm talking about extreme socialism where large amounts of private wealth are nearly outlawed and everyone is pretty much coerced into a life of middle class labor and employment.
Would you participate in it or would you live in the edge of society either as a thief or revolutionary or some other anti-society figure?
I couldn't image complying with the request of such a society's demands, where I do not have the ability to live out my ambitions and I am forced into a life of normalcy.
I suppose that the only appropriate punishment would be to send you to a nation with extreme capitalism where you could learn about how real laissez-faire capitalism would work and enjoy being part of the 95% of the populace that would be impoverished in spite of whatever Howard Roarkian or John Galtian spirit they might possess. You would have your "de jure" economic freedom but in actuality very little "de facto" freedom.For those that support extreme socialism or Marxism, what do you do with people like me who refuse to comply or "work" in such a society. I do not wish to work for anyone else but myself or else I will not work, but I'd rather steal or live as a revolutionary.
I think you're overshooting the mark a bit, here.
Waiting in bread lines for your daily rationing of bread, eggs, and cheese is far from "middle class".
For my money, though, I would go against the grain as much as possible.
Wolverines!!!!!!!!!!
Not really, our distribution of welath is much more broad.
And we dont have bread lines.
Granted we are going down that path, but nowhere near it yet. I say give us 30 years when entitlements are kicked in and Obamacare has crumbled. Then the middle class will truely be squashed under taxation and inflation.
Uh...that's completely wrong. Ever been to China? Over there they have the waaaay upper class and the lower class - there isn't much of an in-between. Over there you basically see 3 kinds of cars in cities: nice Audis, shitty taxis, and rickshaws.That pretty much describes the USA right now doesn't it..
Uh...that's completely wrong. Ever been to China? Over there they have the waaaay upper class and the lower class - there isn't much of an in-between. Over there you basically see 3 kinds of cars in cities: nice Audis, shitty taxis, and rickshaws.
You're right - China isn't really communist in practicality. But they are about as socialist as they come, and the amount distributed by the government effectively creates a huge wealth gap. The extremely rich aren't badly hurt by the wealth redistribution, but the middle class has ceased to exist. The lower class, on the other hand, is supported by subsidized everything.Huh? China is Capitalist and Nationalist.
You're right - China isn't really communist in practicality. But they are about as socialist as they come, and the amount distributed by the government effectively creates a huge wealth gap. The extremely rich aren't badly hurt by the wealth redistribution, but the middle class has ceased to exist. The lower class, on the other hand, is supported by subsidized everything.
As far as the USA, we still have a middle class (although it is quickly disappearing due to rising taxes and frivolous spending). The wealth in the U.S. is more evenly distributed than in most countries. Most of the rest of the world is still operating on a nearly feudal system where the peasants have to do whatever the rich say.
For those that support extreme socialism or Marxism, what do you do with people like me who refuse to comply or "work" in such a society.
the amount distributed by the government effectively creates a huge wealth gap.
It's produced more than that. How about tens of millions of dead folks who wouldn't tow the line? There's no room for dissension in Communism.Well I think the communist dream is that everyone would be lower middle class and have food on their plate, although not too many wasteful luxuries.
In reality, communism has produced nothing but poverty.
Von Hayek accurately foretold the fate that would befall dissenters from the plan. They simply could not be allowed to get in the way. Opposition would soon be treated as subversion, with debate shriveling to non-existence under the glare of the state. Those who refused compliance would first be marginalized, then dehumanized, and finally (failing re-education) eliminated. Collectivism and individualism cannot long share the same bed. They are political oil and water, and neither can compromise its position without eventually succumbing to the other. The history of the twentieth century is littered with the remains of those who became "enemies of the state" for merely drawing attention to this flaw. As Von Hayek predicted, the socialist vision would not be achieved without bloodshed.
Really??That pretty much describes the USA right now doesn't it..
Don't respond to me unless you're willing to put up an argument.
I don't need another political troll wasting my time.
Are you certain you wouldn't be content living in the middle class utopia you seem to be projecting? Would you really be that unhappy if you had, say, an 1800 ft house and one car, free health care, few job/career stresses, no debt, and only had to work 40 hours/week with 1 month of vacation time each year?
I suppose that the only appropriate punishment would be to send you to a nation with extreme capitalism where you could learn about how real laissez-faire capitalism would work and enjoy being part of the 95% of the populace that would be impoverished in spite of whatever Howard Roarkian or John Galtian spirit they might possess. You would have your "de jure" economic freedom but in actuality very little "de facto" freedom.
I suspect you'll discover that your Herculean work ethic and productive ability won't help you too much when efficient corporations and the wealthy own almost all of the wealth, land, and resources and when you have to compete against impoverished labor both domestically and from abroad. If you scrimp and save you might eventually be able to save up enough money to purchase a little property and open your own business, but you'll discover that the established corporations are just much better and more efficient at it and that you can't compete with the billions of other poor people around the world who are willing to work for less or that at least you cannot compete while being able to charge enough money to be able to afford the middle class lifestyle you could have had in the evil people's state socialist utopia that Ayn Rand tried to warn us about with her strawman portrayals.
As far as the USA, we still have a middle class (although it is quickly disappearing due to rising taxes and frivolous spending). The wealth in the U.S. is more evenly distributed than in most countries. Most of the rest of the world is still operating on a nearly feudal system where the peasants have to do whatever the rich say.
The United States has a shrinking middle class because we have little education in terms of finance and savings. Most poor people in the United States could move to middle class, even without extensive education, by simply financial education and better working habits. I don't know the solution to the problem, but I know people need training on how to be better employees and they need more motivation to work, live cheaply, and save and invest.
