I know I’ll get some comments on this, and that’s exactly what I’m hoping for.
What the hell is everybody complaining about? Okay. I can see what the filthy rich have to complain about. They’ve lost money on the stock market, and are still ridiculously wealthy. I can see what big corporations like Wal-Mart and the Home Depot have to complain about. They’ve raised their prices almost not at all, have eliminated almost no jobs, and have lost almost no business (that from my own personal experiences at the depot).
Gas prices seem to be fairly stable, my electric bill has only gone down since I moved out of Troy two (three?) years ago, and I still don’t pay taxes. Okay, this year I’ll be paying taxes, but that’s not the point.
I have two questions here.
1. What the hell is everybody going off the wall about? A couple of companies that had no sense of how to operate in a free market went under. Somebody call the waaaaaa-mbulance. Yeah. I know that cost people jobs, but GM ond… (I’ve already forgotten the other one, that’s how upsetting it is)… didn’t have a lot of factories in this country (correct me if I’m wrong), and the two largest employers in the world (Wal-Mart and Home Depot) are still hugely US-centered, and are HIRING! The Home Depot is desperate for people! The amount of money they’re throwing at their employees, pretty much just for showing up, is extraordinary!
In three years of being officially classified as “poverty” (meaning I paid no income tax), I never once felt the “sting” of our “faltering economy.” In the past year, I’ve bought a 37” LCD television, a blu-ray player, a Nintendo Wii, and most recently, a PC that will eat yours for a light snack. And I saw Star Trek in DLP four times. In short, I’m making “barely enough money to live on,” (a little over 30k between my wife and me) and I’m living like a king. What is everybody whining about?
2. Why don’t I pay any taxes? I’m not saying I want to give somebody my money, but it’s really not fair, is it? It’s not fair that some people give up to thirty-five percent of their paycheck to the federal government and I don’t give them anything. I think the illustrious Sam Seaborn says it best:
Henry, last fall, every time your boss got on the stump and said, "It's time for the rich to pay their fair share," I hid under a couch and changed my name. I left Gage Whitney making $400,000 a year. Which means I paid twenty-seven times the national average in income tax. I paid my fair share. And the fair share of twenty-six other people. And I'm happy to 'cause that's the only way it's gonna work. And it's in my best interest that everybody be able to go to schools and drive on roads. But I don't get twenty-seven votes on Election Day. The fire department doesn't come to my house twenty-seven times faster, and the water doesn't come out of my faucet twenty-seven times hotter. The top one percent of wage earners in this country pay for twenty-two percent of this country. Let's not call them names while they're doing it is all I'm saying.
That was nine years ago and numbers change, but the point is still valid. I dunno. MY first question was the important one. It just led to this one.
So I honestly want to know what’s going on and why I should care. Somebody please comment. And yes, I’ve been reading the news, and I know (roughly) what things are happening on a large scale. I guess my larger concern is “umm… So?”
dood,
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You and I both know at least one person who has taken a SUBSTANTIAL pay cut just to have a job.
Ass? Head out of yours.
Restaurants are seeing a big drop in traffic, so the have to let employees go. Circular reference anyone? Consumers are worried about future income and are not spending as much. Yay! more money for banks to lend! You mean the banks that just got raped for bad loans? Yeah, not so much. Venture capital is all but at a standstill.
Its nice that your old lady has a secure job, but seriously, consider removing your head from your ass.
Home depot revenue? Down.
http://www06.wolframalpha.com/input/?i=home+depot+revenue
chrysler and gm represent major job numbers as well as a large manufacturing base in this country. loosing them would mean a major drop in employment and GNP, bad, wery bad. Consumer confidence is at an all time low, loose another 200,000 jobs and the manufacturing capacity and there will no need to pull your head out of you ass, just leave it there and kiss it good bye.
mm-kay?
As for taxes...
If you make more, you pay more, as it should be. We take care of those in need, and doing so costs money.
Agree with PaulC. Hey, if you are going to comment on the economy you need to read the newspapers more. Also, read Business Week.
ReplyDeleteThanx. That's what I was looking for. I honestly just needed somebody to explain in to me.
ReplyDeleteAgain, please invert your cranial/rectum fraction to its lowest common denominator and replace your stewardess to the upright position.
ReplyDeleteIrony-It's not just an unemployment blog with a "What Recession" post. Heh
Okay. Seriously. I get it. So there's really a recession. Can we get on with our day now?
ReplyDeleteUncle Pat: Props for the high-brow poop joke. It is a thing of beauty. I didn't think it could be done.