Post
Topic
Board Economics
Re: Almost 80% of US workers live from paycheck to paycheck. Here's why
by
Joseph_Bennett
on 18/08/2018, 21:34:19 UTC
I didn't say that he should give his money away. I simply used it to show the gap between the richest and the rest of the society.
As for what you've said, even if you gave a million people some money and 5% used it to pay their debts and get out of the shitty life they're living, wouldn't that be worth it? You can never help everyone, but that doesn't mean that we shouldn't keep trying. Giving them jobs would of course be a much better idea.
We shouldn't wait for the government to do it. Those who have billions lying around should really put some of it into the lowest levels of society, or the'll one day have to fight to keep their wealth. The larger the gap the higher the incentive for an uprising.
If somebody has made more money, why does that mean he/she should be required to give it to somebody? I have never understood this logic. Well, I guess it is just communism or socialism.

USA has been touted to be 'land of the free' and 'country where dreams come true', but it has all turned out to be a mirage. College graduates are leaving the system deep in debt with no job security as having a diploma nowadays doesn't guarantee employment. A law or a medical degree for example costs in the ballpark of $100k-$150k and people are basically slaves to the banks for many years to come not taking into account any other loans they might have taken out like car or house loans etc. No wonder people are living paycheck to paycheck.
Google tells me that lawyers make an average of $115,000/year. Doctors seem to be making closer to $200,000. The problem is still that people are spending almost all they make. There are lots of people comfortably living on $24,000/year, for example. If they just lived a simple life for a very brief time, they could pay those debts back so quickly and be "free", but no, they have to have the be house and the luxury cars, right away. I mean, if you can get approved for the credit, why not take it, right? *smh*