The poor vs. the rich in the USA
Yes capitalism makes the poor poorer
SOURCE URL: https://www.youtube.com/watch?v=OkebmhTQN-4
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Then in the last eight years I went back to work and finished at age 65 in an effort to increase social security. It worked. It is now 50% of my retirement income.
But I found myself in the upper lower economic class with no cushion. It had all gone to inflation and devaluation and in the case of my main retirement and benefits (military) a form of debt repudiation. No part of retirement benefits and pay has not been cut or denied.
What to do? Move south where I rejoined the middle class economically speaking.
Since doing so the exchange rate has gone from 12.1 to 16.5 pesos per US Dollar or a thirty plus percent increase in buying power which nicely offset the loss in buying power thanks to the aforementioned administrations.
I also noted that the intentional mismanagement of the economy did not result in that buying power loss being added into the COLA.
Whatever your plans were and no matter how much of a cushion with this batch in charge don't double or triple consider quadrupling your retirement.
There is an affordable and a safe haven to the south if you are not i the immediate (50 miles) of the border.
Or get a job at WalMart.
The poor got richer but the price was paid for by the middle class. Also I never met a millionaire who didn't provide jobs. Except perhaps Comrade Pelosillyni.
Extra tips. Do NOT bank at BankAmerica. Do not vote Republican or Democrat. Unless you are in the bottom half or the top 1%.
Safe...by a hair of my chinny chin chin.
We also made the same decision as you, but it was not because of capitalism, it was because a lack of capitalism.
2008 was an easily forecast example of just the opposite and might be properly termed unfettered government in collusion with some other elementsl
On the other hand that dotted lines are getting a bit confusing
Either way I wanted to ensure it was cleared that up should it be read that way.
2008 was a much enlarged recreation of 1974 (gas crisis.) There was nothing unintentional about it.
And you have to complain about something if you want people to give you power to fix it.
Start at the bottom and apply to all levels by automatically not voting for Republicans and Democrats. If they were worthy candidates they wouldn't be card carrying members of the Government Party.
1. Regular Ballots Vote for, against or not at all and not only adding none of the above
2. Voting for or against a law (jury duty) Using the Heidi Fleiss trials. No on the charge of income tax evasion because it is. No on the criminal charge as if is not a victimless crime how come the perp walked and the victem was convicted?
3. Voting for or against a potential conflict by enlisting or not enlisting (partially available to men only) until the draft is activated)
4. part of #1 the recall and initiative for the non slave states that have that ability.
--
5. With an end user consumption tax instead of an income tax voting by spending or not spending but that would require government to live within it's means. Fat chance.
But One through four are all ways of voting.
the poor would be getting richer at a rate Way Beyond
that which is already happening now. . If They Only Knew. -- j
.
"More fortunate" or "luck" have nothing to do with it. That is just an excuse used by some to remove their responsibility for where they are in life. And, I do not feel a duty to help them at all.
In a job I had at one time, I dealt with welfare folks and the phenomenon was almost always present when they talked about their benefits. Glad to leave that job.
Did it with relatives with the same result. Don't do that anymore, either.
Thank you for presenting this video.
There is no gratitude or perspective.. only endless envy and those that profit politically by its exploitation.
Regards,
O.A.