Fully agree not all of us are equal, and there has to be some incline on the field to provide an incentive to work hard and to reward those who are more capable. That is the basis of our economic system, and it has worked particularly well in the post war years.
So if they close a plant, the workers, who have no work, can strike until they are given work in a plant that has no work to do? Or when a $50k car cost $125k and no one buys them, they get paid full wage to watch an un-closed plant wither and produce 25% of capacity. This provision would seemingly say that a plant will never again close or the UAW will strike and shut down the company.
Stellantis moved a Jeep plant to Mexico where there are lower labor costs. Did they pass that cost savings to the consumer? No, they increased the prices 20-30%.
I would say they collect more than enough overall. It is the tax code the anyone would use to pay the least amount of taxes possible. If you have ever deducted mortgage insurance or property taxes or claimed dependents, you are using legal loopholes to minimize your tax burden. The wealthy have more complicated situations and pay tax lawyers a lot to minimize taxes due, but that does not make all of them cheats. Plenty of times it has been illustrated that you could collect substantial amounts more from those people and it would not solve the problem. Lastly, there wealth is certainly gross compared to us average folks, but the flip-side of wage equality (socialism, communism infancy) is much worse. And it is currently the wealthy elitists squeezing the poor with high energy, expensive appliances, green subsidies, etc that makes it worse.Interesting chart… definitely shows wealth inequality is mainly an American problem.
Here is another one that shows we are almost back to the robber baron days of the early 20th century:
What I find most extraordinary is how one party has managed to hoodwink the poorest Americans into continuing to vote for even more tax cuts for the wealthiest Americans. It is blatantly obvious we have a tax collection problem more than a spending problem.
Agree 100% Nobody is gonna pay $20 for a McBurger and fries meal either. Fast food was designed to be inexpensive. Take the kids to see the clown at McDs spend $35 for a family of 4 and done. Some of these places are automating even the machines now that make the burgers. This cuts it down to a literal handful of people in the back to "feed the machines" that make the product, along with the kiosks up front. I will say this though, I bet the machines will make the burgers consistent every time once programmed, and I bet your order isnt gonna get messed up either especially at the drive through.
That’s what it says….
66 years old here, never made a ton of money. However I worked hard, and saved from a young age. As much as I could. I always listened to my father when he told me to "always live below your means". That has allowed me to retire very comfortably with zero debt and know that I will be able to enjoy my rewards for the rest of my life.
Sounds like gurgling sound as the drain plug is pulled to me. Back when Obama was president GM and Chrysler took the gubmint bailout. They never should have. I had people keep telling me that they need the bailout. We need these companies around !! I told them if GM and Chrysler declared bankruptcy, they wont be going anywhere. it will be chapter 7 reorganization, not chapter 11 liquidation.
Agreed. I live by that mantra. My grandfather was a local banker. He explained to me how loans and interest worked. And how to make it work for my advantage not the bank. He also told me that life is like a shit sandwich. The more bread you have, the less shit you have to eat.
And in turn for the bail outs, they commit to things like vehicle electrification that only "survives" with federal money. Same with diesel gate at VW. The are pledging to be all electric in the near future. Strange change in philosophy - a short number of years ago, all about diesel, and now they are all for electric. EPA must have been part of that to keep them in business.
