GM hourly workers get $4,000 bonuses

[wrveres]

.

we are one third of the way to your utopia.

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data. “The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.” link

What are you guys going to do when the money runs out? you ever thought of that?

[Neato Torpedo]

.

we are one third of the way to your utopia.

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data. “The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.” link

What are you guys going to do when the money runs out? you ever thought of that?

Yeah, well, we're 47% of the way to your utopia.

This means 36 percent of all so-called taxpayers actually pay zero in income taxes after taking their credits and deductions. But these figures don't include some 15 million people who work but don't earn enough to file a tax return. When these people are added to the non-payers, estimates the Tax Policy Center, the percentage of households who don't pay income taxes rises to 47 percent.
http://articles.cnn.com/2010-04-15/opin ... PM:OPINION

And the money doesn't "run out", stupid. It gets put back into the economy through spending on goods and services. The wealthy save a high percentage of their income, while the lower and middle classes generally spend a lot of what they earn. If anything, providing financial aid to the working and lower middle classes would boost the economy and safeguard it from overdependence on the banking industry.

[urbanbreez]

What are you guys going to do when the money runs out? you ever thought of that?

is he serious? everybody stand back, he just might be myopic enough to be serious with this.

[wrveres]

This means 36 percent of all so-called taxpayers actually pay zero in income taxes after taking their credits and deductions. But these figures don't include some 15 million people who work but don't earn enough to file a tax return. When these people are added to the non-payers, estimates the Tax Policy Center, the percentage of households who don't pay income taxes rises to 47 percent.
http://articles.cnn.com/2010-04-15/opin ... PM:OPINION

And the money doesn't "run out". It gets put back into the economy through spending on goods and services. The wealthy save a high percentage of their income, while the lower and middle classes generally spend a lot of what they earn. If anything, providing financial aid to the working and lower middle classes would boost the economy and safeguard it from overdependence on the banking industry.

lol. yes, the money runs out.

What is your hangup with the banking industry btw? One, its a business. Two, its not like you can't walk into your choice of over 100 options if you don't like the one you got. You are telling me that you would rather have the US Government be the nations sole banker? i don't understand your beef with the word profit.

[wrveres]

What are you guys going to do when the money runs out? you ever thought of that?

is he serious? everybody stand back, he just might be myopic enough to be serious with this.

You go ahead and keep thinking that there is this endless supply of coin. The Chinese are absolutely loving the stupidity.

[urbanbreez]

What are you guys going to do when the money runs out? you ever thought of that?

is he serious? everybody stand back, he just might be myopic enough to be serious with this.

You go ahead and keep thinking that there is this endless supply of coin. The Chinese are absolutely loving the stupidity.

C'mon man, i'm going to give you the benefit of doubt and assume you meant, "what happens when the value of a dollar is zero?" i'm also going to assume that you know the forces at work driving the value of our dollar. they are simple in theory but extremely complex in reality. if you say otherwise, you must have made a fortune on foreign exchange rates.

[Neato Torpedo]

1. Exchange $150,000 for 1,000,000 yuan
2. Wait for dollar's value to go down
3. Exchange 1,000,000 yuan for $300,000
4. Financially set for life!

Problem, economists?

[urbanbreez]

1. Exchange $150,000 for 1,000,000 yuan
2. Wait for dollar's value to go down
3. Exchange 1,000,000 yuan for $300,000
4. Financially set for life!

Problem, economists?

brb, going to china for monies.

[wrveres]

is he serious? everybody stand back, he just might be myopic enough to be serious with this.

You go ahead and keep thinking that there is this endless supply of coin. The Chinese are absolutely loving the stupidity.

C'mon man, i'm going to give you the benefit of doubt and assume you meant, "what happens when the value of a dollar is zero?" i'm also going to assume that you know the forces at work driving the value of our dollar. they are simple in theory but extremely complex in reality. if you say otherwise, you must have made a fortune on foreign exchange rates.

they are still printing aren't they? and Bernanke just said last week he is thinking about printing even more.

[Neato Torpedo]

You go ahead and keep thinking that there is this endless supply of coin. The Chinese are absolutely loving the stupidity.

C'mon man, i'm going to give you the benefit of doubt and assume you meant, "what happens when the value of a dollar is zero?" i'm also going to assume that you know the forces at work driving the value of our dollar. they are simple in theory but extremely complex in reality. if you say otherwise, you must have made a fortune on foreign exchange rates.

they are still printing aren't they? and Bernanke just said last week he is thinking about printing even more.

And if you give money to people that will spend it instead of people that will save it, then more money is in circulation instead of collecting metaphorical dust in some jerk's quadrillion-dollar overseas bank account. If that was the case, then we wouldn't have to print more money. Another problem solved by Captain Collectivism!