The decline of Illinois

Discussion in 'Budget & Taxes' started by kazenatsu, Jun 14, 2019.

  1. jdog

    jdog Banned

    Joined:
    Jul 20, 2014
    Messages:
    4,532
    Likes Received:
    716
    Trophy Points:
    113
    I seriously doubt it. You must be productive to build wealth, and if you get it without earning it, you will not keep it long. There are many lessons you learn along the way, and without them you are a goldfish in a pool of sharks..
     
  2. bringiton

    bringiton Well-Known Member

    Joined:
    Mar 11, 2016
    Messages:
    11,396
    Likes Received:
    3,010
    Trophy Points:
    113
    Yes, well, you are just wrong.
    GARBAGE. I know, personally, a man who became very wealthy by legally scamming people, and he is far from a rarity. Richard Fuld -- a man so completely evil he actually looks like Voldemort -- took hundreds of millions of dollars from Lehman Brothers while leading it -- and the whole economy -- into catastrophe and collapse. Watch "The Big Short," or "Inside Job," and get at least a glimmer of a clue.
    Again, you are obviously speaking from ignorance. The Duke of Westminster is one of the wealthiest men in Britain. He and his family have done nothing but idly collect land rent for 500 years.
    There are certainly predators ready to rob you legally. That is kinda the point.
     
  3. Adfundum

    Adfundum Moderator Staff Member Donor

    Joined:
    Jul 31, 2018
    Messages:
    7,683
    Likes Received:
    4,171
    Trophy Points:
    113
    Gender:
    Male
    The area where I live is filling up with folks from NYC and NJ. This isn't a retirement community, but the cost of living is significantly less. One guy had an auto repair business up there. He bought 10 acres here, and put a new house, a huge metal building, and two rentals on the property. All from the sale of his property up North.
     
  4. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    34,629
    Likes Received:
    11,202
    Trophy Points:
    113
    Probably the buyer of his property was a large corporation that is going to be renting it to some other business. Individual persons can't afford to buy land to start a private business on it in those places anymore.
     
    Last edited: Oct 3, 2019
  5. Adfundum

    Adfundum Moderator Staff Member Donor

    Joined:
    Jul 31, 2018
    Messages:
    7,683
    Likes Received:
    4,171
    Trophy Points:
    113
    Gender:
    Male
    I wouldn't know about that. He told me he bought the house back in the 70's. Not sure how he got the auto repair business, but I thought he told me his father started it in the 50's. Might have him confused with another person.
     
  6. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    34,629
    Likes Received:
    11,202
    Trophy Points:
    113
    bringiton, you raise some important and interesting points, but I'm just saying you are only partially right, not completely right.
    There are two sides to the coin here.
     
    Last edited: Oct 7, 2019
  7. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    1,702
    Likes Received:
    692
    Trophy Points:
    113
    Gender:
    Male
    How PRODUCTIVE would you consider the Billionaire Hedgefund owners ? Or, the FED Chair, board, owners of major investment banks, and so on. Would their PRODUCTION be worthy of 1-5M a day vs someone pouring coffee at Starbucks for 79.00 a day ?

    This is complete NEOCONSERVATIVE right wing think tank drivel supported by the Billionaires who fund them. Obviously their rhetoric continues and is growing by millions a month to keep the status QUO. Funny how this same stuff happened in 2008 and they created the TEA PARTY. At first the tea party was played up as for the 99%, then freedom and so on. All the time a backdoor way for the rich to continue their control of the poor.

    Today it is still the same, yet those that voted for Trump and republicans still have this delusion that things are better because TRUMP tells them so with his ONLY 2 famous quotes "Stock market at all time high and unemployment at all time low"
    Both have zero effect on a working class person for a benefit. Give 99.99% jobs at 8$/hr and have the other .01% benefit from a rising market. What does that do for those typing here ? Nothing.

    Amazing how many Baby boomers still think things are the same and their Children, great grandchildren just are not that smart and cant MAKE IT in todays world. You could come out of high school between 1945 - and 1980 in any state in the country and get a job making a Great salary with free healthcare and benefits. Enough to raise a 3 kid family. Today it isnt even enough to move out on your own. That is the FACT...
     
  8. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    34,629
    Likes Received:
    11,202
    Trophy Points:
    113
    Wow, that sounds like Obama all throughout the Recession.

    Anyway, you are raising points that are getting far off-topic, so let's try to stick to the main discussion.

    A point worthy of discussion, but not in this thread. It is derailing the discussion here. However, I encourage you to start a new thread on it. (probably in the Economics & Trade section)
     
    Last edited: Nov 11, 2019

Share This Page