Comments on: Lost In Space

By: Bryan

Bryan — Sun, 20 Jan 2013 02:46:48 +0000

As I live and breathe, the number of people who are allowed to pontificate on the economy and who have absolutely no idea how it really works is beyond understanding. Duncan keeps saying it, you keep saying it, I keep saying it – people need jobs so they have money to spend and put some demand back in the economy. Currently the retired people are just about the only large group who have money to spend, and they do spend it. If you reduce the amount of money they have, you reduce demand, and things get worse. It is a very simple concept.

Hell, a four-star general doesn’t make six-figures, and the lowest annual income stated in the graphic is more that Congresscritters are paid. WTF!? The WSJ has no connection to the real world.

That woman must have a hell of a portfolio to come up with that kind of return, and the financial sector could steal it all tomorrow, so her taxes would really drop. She can look forward to that, which a lot of people I know experienced just a few years ago.

By: Badtux

Badtux — Sat, 19 Jan 2013 23:22:00 +0000

Oh yeah, as you mentioned, the retired *are* creating something of value: *DEMAND*. Because without demand, there’s no production. Duh.

– Badtux the “It’s called supply and demand, not just supply!” Penguin

By: Badtux

Badtux — Sat, 19 Jan 2013 19:57:03 +0000

Me and my fellow engineers at work looked at that graphic in stunned disbelief. Look, we’re pretty highly paid. An engineer with my experience is worth about $150K/year in the Silicon Valley, and that’s enough money for a lot of toys plus still shove a fair amount into savings each year. A single mother making $260K/year, and looking upset about paying a whole $3K/year more in taxes? For realz?! Dude. I shove about that much into savings per *month*. Granted I don’t have kids, just cats, but puh-LEEZE. Someone making almost twice what I’m making should be able to pay that additional tax out of spare change, for cryin’ out loud!

Makes the 99% look like spoiled brats, that graphic does. Just sayin’.