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Old 11-22-2021, 12:28 PM
Botten Botten is offline
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Originally Posted by Toehammer [You must be logged in to view images. Log in or Register.]
Wealth inequality is the biggest BS...

We don't need minimum wage laws...
Increased minimum wage by state MORE OVER yields MORE money.

State and income year over year vs minimum wage

one.png

Lets just say YOU don't want to work from home for these below states at minimum wage if you live in the above states.

two.png

SO yes minimum wage MORE OVER BY MULTIPLE EXAMPLES does play a factor.

Quote:
It is a tough pill to swallow, but pooer people are worse with money and make bad short-term decisions, and wealthier people are better with money and make good long-term decisions.
Rich people are just as dumb with their money as poor people.

Poor billionaires: 430 people fell off the list of the world’s richest

Quote:
Work hard, save more/invest, and wait. It is the only thing that works or ever will.
I would say work smarter not harder.
And if you live in one of the richest countries with one of the lower populations of the world then there is no excuse, no one should go starving or have a lack of an education due to money problems.

Tax the rich and make them pay their fair share!
Last edited by Botten; 11-22-2021 at 12:30 PM..
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Old 11-22-2021, 05:29 PM
Toehammer Toehammer is offline
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Quote:
Originally Posted by Botten [You must be logged in to view images. Log in or Register.]
Increased minimum wage by state MORE OVER yields MORE money.

State and income year over year vs minimum wage

Attachment 16274

Lets just say YOU don't want to work from home for these below states at minimum wage if you live in the above states.

Attachment 16275

SO yes minimum wage MORE OVER BY MULTIPLE EXAMPLES does play a factor.



Rich people are just as dumb with their money as poor people.

Poor billionaires: 430 people fell off the list of the world’s richest



I would say work smarter not harder.
And if you live in one of the richest countries with one of the lower populations of the world then there is no excuse, no one should go starving or have a lack of an education due to money problems.

Tax the rich and make them pay their fair share!
Low wages rising under cooperative/competititve means (i.e. NOT minimum wage laws) is a good thing. If there were no minimum wage laws there would be more competition between employers, and likely higher wages across the board. Showing states with higher minimum wages and income is reducing it to a single variable... all that causation/correlation mumbo jumbo. Cost of living, population, urban/rural, etc. all matter.

No rich people are not "just as dumb with their money as poor people"... that is insane. Financial knowledge among the wealthy is much greater. An article posting a whimsical fact about market fluctuations in ONE calendar year of people in and out of the billionaire club has no bearing on wealthy people's ability with money. When riding an exponential curve, annual jumps and dips mean nothing. Wealth building takes place over decades, not years. Over time the people who have been playing the game longer have more wisdom and wealth than newbs... A good primer on equality/inequality is https://www.youtube.com/watch?v=8m70YEB9fUo ... very good teacher, all his videos are great.

I agree work smarter, not harder, but also work hard... can do both.

I am not sure which country/countries you refer to by wealthy & low population, but certainly in the USA people aren't starving for food or education due to money. Lots of social welfare, free public education, cheap goods. Again, where it is worse than others, it is usually due to gov't screwing it up.

What do you mean tax the rich and make them pay their fair share? They already pay more than their fair share. That is the point of a progressive tax system... more you make more you pay. A truly fair system, i.e. flat tax, we could only dream of it!
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