NORECO is killing us

shadow · Feb 9, 2012

ChMacQueen;1851870747 said:

Now while I think that the wages need to become fair as far as the rich paying a higher percent I used to feel that way but these days really disagree. I really got to thinking one day about the differences between the rich and poor mindsets which is quite simple to understand. You look at the rich or least self made people and they did it through hard work, taking risks, challenging the system, and constant pushing. The poor however are quite content to just sit around and complain quietly working for grains of rice while they never try and save even if they suffer shortterm, them don't try and take risks, they do the minimum amount of work needed to collect their pay, and they don't think how to better themselves other then hope someone else does.

For this I really don't think its fair that the rich should pay higher percents then the poor. Its very much rewarding failure and punishing success. The only sticky part is those who have their wealth from their parents and families. But you can't exactly charge someone more just because their parents or grandparents were rich while being fair to the self made men and women. If one person worked hard his whole life trying to get ahead, he/she suffered when times were bad so one day could get ahead, he/she sacrificed and took risks to get ahead one day.... why should we make them have to pay for everyone who didn't even try?
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This no longer applies. There are many people now who are poor, that worked very hard for a long time. Circumstances not always in their control can wipe out a 401K or other savings plan. Investors in real estate and stock market have lost tremendous amounts of hard earned money. Some people worked hard for years at jobs that are no longer available, and are too old to be a "new hire". Companies do not want to train someone who is past his 40s or so. Such an individual may find himself in a position where he cannot get even a minimum wage job because of his past earnings, employers automatically will dismiss them at interview because they believe this person would never be happy working for minimum wage.

In the US, there are more poor people than for decades in history, they were not all lazy!

Larry

tomtorific · Feb 10, 2012

Larry, I have found myself in exactly this situation. My asawa and I have all but abandoned hopes of Her immigrating to the U.S. I am 59+ and when I returned to the U.S. after we married 09-28-10. I could not find a job that could support us. My Mutual funds are 1/3 what they were 5 yrs ago. I came back to the Phils this past September and plan on staying. Also most Employers will not even consider a resume if You have been unemployed for more than a year.

shadow;1851870752 said:

This no longer applies. There are many people now who are poor, that worked very hard for a long time. Circumstances not always in their control can wipe out a 401K or other savings plan. Investors in real estate and stock market have lost tremendous amounts of hard earned money. Some people worked hard for years at jobs that are no longer available, and are too old to be a "new hire". Companies do not want to train someone who is past his 40s or so. Such an individual may find himself in a position where he cannot get even a minimum wage job because of his past earnings, employers automatically will dismiss them at interview because they believe this person would never be happy working for minimum wage.

In the US, there are more poor people than for decades in history, they were not all lazy!

Larry
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NORECO is killing us

shadow DI Forum Luminary

tomtorific DI Senior Member