Quote Originally Posted by mglindo View Post
Interesting stats on that link. United Arab Emirates 55% corporate taxes. Yow. Their population is only around 10 million though. Of that, 8 million are expatriates and don't even live there! I think too damn hot is the reason!

As far as saving, people don't know how to save. And too many, "have to have", on their list. Have to have a nice car, have to have that new iPhone. Hand to mouth? Get another job! Get educated! Re-train! All I hear from many people are excuses.

I was married, with two kids, one less than a year old, going to school full time, and two part time jobs. It was tough, but who says it was going to be easy. I'm sick and tired of the cry babies. Quit crying and just do it. If you are satisfied with a hand to mouth existence, so be it! Don't expect free handouts from the "Government" without giving up some liberties!

Don't try to do it the, "easy", way and steal or rob someone for money. You may get shot. Those that have worked hard for what they have, and have done without to become successful would resent that and probably fight back. Like me.


Mike
Yes, sure enough some people do not know how to save and must have all the trappings of the good life when their income won't support that. But wait a minute we live in a consumer society so if people don't consume that bad for the corporate bottom line. No problem there either just make credit so easy to get that even those who really don't qualify get credit. Anything to keep the consumer cycle going.

These people might already be working 2 or more part time jobs just try and get at least 40 hours a week in. Whatever happened to the stable full time jobs where a 40 hour work week would give you a decent standard of living in the western world?

Yea, you can get an education, get debt loaded even more with the slimmest of prospects of finding a stable full time job in the last 40 years. A post secondary education today is worth less that it was as more and more people have that qualification. Retraining is much the same thing. Everyone is being squeezed harder these days than ever before.

When companies leave a city and many go unemployed the tax burden gets shifted to the residential and small business rate payers. So now you are squeezing the unemployed/under employed even more. It is a downward spiral.

There was always crime even in good economic times. It only increases in bad times. The increasing need for food banks and child feeding programs, to name a few things, is symptomatic of a society in trouble. Things aren't they way they were 40 years ago, not likely to go back that way either, and it is no sense putting the blame solely on people who wind up impoverished. I am sure quite a few would like their former standard of living back.

Bob