Do you think we will always have poor people?

I feel bad for those whose rent is shooting up.
We don't have the corporate thing going on here, but we do have a plumber and a banker buying up rental properties just about as soon as the become available.
I don't know what the rent is except the duplex next to my house in town, newly gutted, new roof, new walls, new electric, new plumbing, siding, windows, etc. are renting for $600 a month. They are just one bedroom.
One of the houses I own I rent to my ex-wife who is on disability (broken back a few years ago), and I charge her $350 for a 2 bedroom house with a large yard, carport and right next door to the grandkids.
I could get more for it, but not all landlords are heartless.
 

Cornhusker said:
I feel bad for those whose rent is shooting up.
We don't have the corporate thing going on here, but we do have a plumber and a banker buying up rental properties just about as soon as the become available.
I don't know what the rent is except the duplex next to my house in town, newly gutted, new roof, new walls, new electric, new plumbing, siding, windows, etc. are renting for $600 a month. They are just one bedroom.
One of the houses I own I rent to my ex-wife who is on disability (broken back a few years ago), and I charge her $350 for a 2 bedroom house with a large yard, carport and right next door to the grandkids.
I could get more for it, but not all landlords are heartless.
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That's kind of you regarding your ex-wife, a kindness you're doing every day. Putting people before money says a lot about you.

I just read that mortgage givers in the UK are giving mortgages based on 6X earnings. Got to keep that demand coming! What could possibly go wrong?!?!?
 
As long as we have people like Elon Musk and Bill Gates and other billionaires, we will always have poverty. There has been poverty for thousands of years and it's not going away.

Around here the tent city by the river is growing daily. A supplement to of just over $400/month to help poor people pay their rent has been cut by our government. Winter is coming on. People are going to freeze to death!
 

We could certainly impose confiscatory taxes on people like Bill Gates and Elon Musk. Then they would move elsewhere and we would lose all the taxes they pay here. Who exactly would benefit from that?

Illinois and Chicago kept raising taxes until Ken Griffin left for Florida and took Citadel with him. As a result, Illinois lost about $100 million in taxes annually, and that's just from Griffin's personal filings.

For every action there is a reaction. Tax the rich too much and they move elsewhere.
 
Packerjohn said:
As long as we have people like Elon Musk and Bill Gates and other billionaires, we will always have poverty. There has been poverty for thousands of years and it's not going away.

Around here the tent city by the river is growing daily. A supplement to of just over $400/month to help poor people pay their rent has been cut by our government. Winter is coming on. People are going to freeze to death!
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Gates and Paul Allen created Microsoft, which opened up the personal computer industry and generated vast wealth for thousands of employees and millions of shareholders. Gates is an extraordinary philanthropist, as was Allen. Sorry, I'm not blaming poverty on them.
 
People act as if wealth was finite, only so much money to go around.
People like Gates and Musk don't have a bigger piece of the pie, they baked their own pie and shared it with others.
Of course, they kept the largest piece of the new pie, but hey, it's their pie.
 
Bill Gates Says Billionaires Like Him Should Be Taxed Two-Thirds of Their Fortunes
BUSINESS

Bill Gates Says Billionaires Like Him Should Be Taxed Two-Thirds of Their Fortunes​


Again i will state what is holding them back they can pay into the treasury as MUCH as they want. They are NOT forced to take every deduction and there is ways to make gift to treasury for national debt.
instead they make speeches and interviews suggesting a policy that may never be passed to LOOK like they are willing....

Step up Bill and write a check..... challenge your other ultra rich to meet or beat your donation....
 
Jeni said:
Bill Gates Says Billionaires Like Him Should Be Taxed Two-Thirds of Their Fortunes
BUSINESS

Bill Gates Says Billionaires Like Him Should Be Taxed Two-Thirds of Their Fortunes​


Again i will state what is holding them back they can pay into the treasury as MUCH as they want. They are NOT forced to take every deduction and there is ways to make gift to treasury for national debt.
instead they make speeches and interviews suggesting a policy that may never be passed to LOOK like they are willing....

Step up Bill and write a check..... challenge your other ultra rich to meet or beat your donation....
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The government is irresponsible with money.
If someone gave them 10 trillion, they'd still increase the debt and fritter the money away.
Our government needs to live within its means.
 
Cornhusker said:
The government is irresponsible with money.
If someone gave them 10 trillion, they'd still increase the debt and fritter the money away.
Our government needs to live within its means.
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There is a dilemma. Say the right is in. Say they need to govern. So, they need votes from both the left and right. Someone on the left says, yes I'll vote for your proposal, but in return I want $50m for research into local farming (AKA pork belly legislation). This happen all the time, and we accept it. Let alone the whole lobbying situation. No government has always had 100% control.
 
A lot of people seem to just rock back on their heels and boggle whenever large numbers are involved. That's true almost everywhere, including things like population size or income. Innumeracy in general is a big problem today, though the Sputnik "threat" caused us to gear up our education system for 15 years to compensate. But if you were born much before Sputnik or much after Apollo... arithmetic, large numbers, engineering, and science was mysterious voodoo to most people.

This guy tries to make an effort to illustrate the impact of income differences above the poverty line in terms a caveman can understand.


It's easy to see that trying to shove this off as a problem caused by billionaires is fuzzy thinking. Income inequality begins at the upper middle class.
 
dilettante said:
A lot of people seem to just rock back on their heels and boggle whenever large numbers are involved. That's true almost everywhere, including things like population size or income. Innumeracy in general is a big problem today, though the Sputnik "threat" caused us to gear up our education system for 15 years to compensate. But if you were born much before Sputnik or much after Apollo... arithmetic, large numbers, engineering, and science was mysterious voodoo to most people.

This guy tries to make an effort to illustrate the impact of income differences above the poverty line in terms a caveman can understand.


It's easy to see that trying to shove this off as a problem caused by billionaires is fuzzy thinking. Income inequality begins at the upper middle class.
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It sucks to be poor. Just one unexpected expense can really disrupt your life.
 
I see people posting things in other threads here that simply boggle my mind.

Things like being upper-middle class or better in San Francisco, preaching peace and love and rainbows and unicorns... wistfully sighing "if only other people would live with less." Meanwhile surrounded by tent cities and hordes of homeless crapping in the streets, and turning a blind eye to it all.

Pushing for some sort of global effete socialism, a strong stench of Eugenics in there, but with no idea how a damned thing works for most people without a trust fund.

Offensive! Neo-feudalism is no picnic for the neo-serfs.
 
fuzzybuddy said:
Do you think that some day ( maybe way in the future), we will get it right and we won't have any poor people?
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Not a chance. Not even a remote chance. Wealth is relative. There will always be those that have, and those that have less.

That's not what's going on today though. Today you have someone asking for 50bn+ in salary, while the majority fight to pay their energy bills. It's way out of kilter. But the poor will always exist, frankly, the system demands it.
 
VaughanJB said:
Not a chance. Not even a remote chance. Wealth is relative. There will always be those that have, and those that have less.

That's not what's going on today though. Today you have someone asking for 50bn+ in salary, while the majority fight to pay their energy bills. It's way out of kilter. But the poor will always exist, frankly, the system demands it.
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What system are you talking about?
 
Irishdude said:
What system are you talking about?
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Capitalism. It requires cheap labor. It requires consumption. It requires the have, and have not's. It needs cheap labor (in the context of overall income levels). Which is why manufacturers chase around the globe looking for the next poverty opportunity. Buy cheap, sell high.

There is no equality in aspirations. Capitalism, in its purest form, demands not only profit, but growth in that profit margin, no matter the cost. I've seen it, personally, time and time again. Global companies have no loyalty, not agenda, other than make for less, sell for more.

For as long as we count success in terms of dollars and cents, we will have those with, and those without. Religion helps bridge the gap.
 
VaughanJB said:
Capitalism. It requires cheap labor. It requires consumption. It requires the have, and have not's. It needs cheap labor (in the context of overall income levels). Which is why manufacturers chase around the globe looking for the next poverty opportunity. Buy cheap, sell high.

There is no equality in aspirations. Capitalism, in its purest form, demands not only profit, but growth in that profit margin, no matter the cost. I've seen it, personally, time and time again. Global companies have no loyalty, not agenda, other than make for less, sell for more.

For as long as we count success in terms of dollars and cents, we will have those with, and those without. Religion helps bridge the gap.
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I find the alternatives to capitalism to be...well, unsatisfactory might be the best word. And please don't hold up the Scandinavian countries as models, as they are capitalist to the core. They just have stronger social safety nets, which is not a bad thing.
 
Irishdude said:
I find the alternatives to capitalism to be...well, unsatisfactory might be the best word. And please don't hold up the Scandinavian countries as models, as they are capitalist to the core. They just have stronger social safety nets, which is not a bad thing.
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It depends on who you are.

One category of citizen gets back over $1.5M more than they put in, the other half gets that much less than what they put in.
 
Yeah, socialism is great, eh?

Median wages and salaries lower in every Canadian province than in every U.S. state

There’s a growing consensus among economists that the federal government and several provincial governments over the past decade have not enacted enough policies that encourage economic growth. Consequently, Canadians are getting poorer relative to residents of other countries including the United States. In particular, their ability to purchase essential goods and services such as housing and food—in other words, their standard of living—is declining relative to our neighbours to the south.​
​
In fact, according to our new study, among the 10 provinces and 50 U.S. states, median employment earnings—that is, wages and salaries— in 2022 (the latest year of available data) were lowest in the four Atlantic provinces, followed by Manitoba, Saskatchewan, Quebec, Ontario, British Columbia and Alberta. So, the median employment earnings of workers were lower in every Canadian province than in every U.S. state.​
​
Were Canadian provinces always in the basement? Pretty much. In 2010, while only 12 U.S. states reported higher median employment earnings than Alberta, the other nine Canadian provinces ranked among the bottom 10 places. However, the important point is that from 2010 to 2022, Canadian provinces have fallen even further behind as many low-ranking U.S. states substantially improved.​
​
In 2010, the per-worker earnings gap (in 2017 Canadian dollars) between Louisiana, a middle-ranking state, and the nine lowest-ranked Canadian provinces varied from $4,650 (in Saskatchewan) to $15,661 (Prince Edward Island). By 2022, a typical mid-ranking state such as Tennessee was out-earning all provinces by a range of $6,770 (in Alberta) to $16,955 (P.E.I.). In other words, by 2022, not only were workers in all U.S. states out-earning workers in all Canadian provinces, the gap had grown.​

Of course it's great for the pigs who moved into the farmhouse.

flat,750x,075,f-pad,750x1000,f8f8f8.u5.jpg
 
Poverty is one thing, hunger is another. I think we could feed everyone on the planet if we all cooperated with one another and organized the distribution well. We would probably all have to become vegetarians for starters.
 
As I wrote on page 2 post #15, indeed our world could be free of poor. In fact, could be a paradise in a future idealistic, peaceful, science and technology world. Just not with the dominant economic system in place dependant on endless growth, a destructive pyramid scheme with the end game now playing out to oblivious economic driven wealth mongers. And not with 8 billion and increasing humans a key factor in that inconsiderate short-sighted selfish game.
 

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