Toribash
FAQ
Advanced Search
Subscribed Threads
Today's Posts Mark Forums Read
Switch to Linear Mode Switch to Hybrid Mode Switch to Threaded Mode
View Public Profile Send a private message to Goat Find More Posts by Goat
Active Inventory Deactivated Inventory Trade History

Feb 3, 2016 Old
View Public Profile Send a private message to Goat Find More Posts by Goat
Active Inventory Deactivated Inventory Trade History
Goat's Avatar
Join Date: Oct 2009
Feb 3, 2016 Old
Originally Posted by FruitCandy View Post
Debt is owing something to something/one else. Am I right?

From my perspective, owing something, say money, is nothing but a hole to dig out of. Think about it...
You use a loan to buy a cash cow. No matter how much your cash cow makes, you will be spending more to get out of the debt then just, yknow, spending money you actually have. Here's how things work in my crib.

You don't have the money? Don't buy it! Cash is king essentially. So simple it hurts xD

Even if you do manage to pay off debt, you end up where you started. I am not seeing any benefits here.
-----
12% AGR? Thats silly. Stop using Wikipedia please.


Loan's are extremely useful in the business world, if you can't afford to market a product and your product is popular both parties (the investor and company) gain money. So no, you don't start where you started.

Secondly, loans are needed for paying for things like college or a house. If you aren't making a living and the average student debt is over $30,000 it makes sense to get a loan to get the education for a real career, not just washing dishes for $7.25/hour.
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History

Feb 3, 2016 Old
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History
ub3r ImmortalPig's Avatar
Join Date: Jun 2013
Feb 3, 2016 Old
Originally Posted by FruitCandy View Post
Debt is owing something to something/one else. Am I right?

Yes, you are right.

Originally Posted by FruitCandy View Post
From my perspective, owing something, say money, is nothing but a hole to dig out of. Think about it...
You use a loan to buy a cash cow. No matter how much your cash cow makes, you will be spending more to get out of the debt then just, yknow, spending money you actually have. Here's how things work in my crib.

You don't have the money? Don't buy it! Cash is king essentially. So simple it hurts xD

Even if you do manage to pay off debt, you end up where you started. I am not seeing any benefits here.

You are wrong. We aren't talking about getting back where you started, we are talking about making a profit.

You can't buy a house with median salary, you can if you get a loan and pay off the interest with your salary. Simple as that. You want to get the money then get the house? Enjoy being homeless for 20+ years while you save up. Meanwhile everyone else who gets a loan will be enjoying their house, which they can then resell for profit, or rent out for profit.

Originally Posted by FruitCandy View Post
12% AGR? Thats silly. Stop using Wikipedia please.

lmao you know I am quoting Dave Ramsey right?
<Faint> the rules have been stated quite clearly 3 times now from high staff
View Public Profile Send a private message to PACKET Find More Posts by PACKET
Active Inventory Deactivated Inventory Trade History

Feb 3, 2016 Old
View Public Profile Send a private message to PACKET Find More Posts by PACKET
Active Inventory Deactivated Inventory Trade History
Member  
Join Date: Jun 2012
Feb 3, 2016 Old
Originally Posted by ImmortalPig View Post
This 'rule' NEVER EXISTED. Money is a proxy for value, even fiat currency has no fixed value.

You are saying it never existed because you have never heard about it... a simple google search can tell you all about it. Here is a good link for you to check out https://www.fas.org/sgp/crs/misc/R41887.pdf

You then go on to contradict yourself:
Originally Posted by ImmortalPig View Post
Not true, people are not obliged to owe debt, let alone to the government.

Originally Posted by ImmortalPig View Post
Bob earns $10 per month, what can he buy? Shit all, you can't buy much with $10. But, Bob can go to the bank, take out a $200 loan with 5%/mo repayment

I mean come on.. i know you just like to say what ever without a single thought but that contradiction was literally 2 lines apart.
View Public Profile Send a private message to Hyde Find More Posts by Hyde
Active Inventory Deactivated Inventory Trade History

Feb 3, 2016 Old
View Public Profile Send a private message to Hyde Find More Posts by Hyde
Active Inventory Deactivated Inventory Trade History
Jupiter's Cock Hyde's Avatar
Join Date: Mar 2008
Feb 3, 2016 Old
Originally Posted by PACKET View Post
You are saying it never existed because you have never heard about it... a simple google search can tell you all about it. Here is a good link for you to check out https://www.fas.org/sgp/crs/misc/R41887.pdf

Lmfao what. That really doesn't mean what you think it means.
Hoss.
View Public Profile Send a private message to PACKET Find More Posts by PACKET
Active Inventory Deactivated Inventory Trade History

Feb 3, 2016 Old
View Public Profile Send a private message to PACKET Find More Posts by PACKET
Active Inventory Deactivated Inventory Trade History
Member  
Join Date: Jun 2012
Feb 3, 2016 Old
Originally Posted by Hyde View Post
Lmfao what. That really doesn't mean what you think it means.

Further your point or?
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History

Feb 4, 2016 Old
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History
ub3r ImmortalPig's Avatar
Join Date: Jun 2013
Feb 4, 2016 Old
Originally Posted by PACKET View Post
You are saying it never existed because you have never heard about it... a simple google search can tell you all about it. Here is a good link for you to check out https://www.fas.org/sgp/crs/misc/R41887.pdf

Money was still created by the US gov't in this time, people didn't walk around with tiny nuggets of gold.

Besides that, it's impossible to fix the value of currency because it's impossible to fix the value of goods. Want to know how to create money from thin air? Go work a job mate.
Originally Posted by PACKET View Post
You then go on to contradict yourself:

I mean come on.. i know you just like to say what ever without a single thought but that contradiction was literally 2 lines apart.

There is no contradiction there lol.
Last edited by ImmortalPig; Feb 11, 2016 at 03:03 PM. Reason: You put the [/QUOTE] in the wrong spot zelda :D
<Faint> the rules have been stated quite clearly 3 times now from high staff
View Public Profile Send a private message to DruggedPanda Find More Posts by DruggedPanda
Active Inventory Deactivated Inventory Trade History

Feb 4, 2016 Old
View Public Profile Send a private message to DruggedPanda Find More Posts by DruggedPanda
Active Inventory Deactivated Inventory Trade History
DruggedPanda's Avatar
Join Date: Jan 2011
Feb 4, 2016 Old
Raising the minimum wage won't change anything really, the prices will just be increased to compensate. What needs to happen is people need to stop being greedy with the profits, and be willing to have less of a profit margin to better everyone else. However, this will never happen due to our way of life. Instead of having lets say 30% profit, cut it down to 15% or 20% (note that this is for the actual owner(s) of the company/business). That extra 10-15% out of even just a $100,000-1,000,000/month is quite a bit that can be distributed more evenly throughout the workforce.

So yes, you would have to pay more to the workers, raising minimum wage but accepting that the prices don't need to go up in order to make close to the same profit you were making before. But good luck getting that to ever happen.
[SIGPIC][/SIGPIC]
[SmallBowl] [fallu] [Moop] [Parrot] [SkulFuk] [Icky] [Sassy]
[Ex-MSquad] Need help with any market related questions? Feel free to PM ME. <Powas> I've got a degree in 1001 techniques of masturbation
View Public Profile Send a private message to hawkesnightmare Find More Posts by hawkesnightmare
Active Inventory Deactivated Inventory Trade History

Feb 11, 2016 Old
View Public Profile Send a private message to hawkesnightmare Find More Posts by hawkesnightmare
Active Inventory Deactivated Inventory Trade History
WHERE'S MY DRINK?! hawkesnightmare's Avatar
Join Date: Jul 2012
Feb 11, 2016 Old
Originally Posted by Skolfe View Post
As good as it is to finally see people with limited options have a chance at making a decent income they can live off of, I can't help but feel that this would lead to a low blow for both teens and other individuals struggling with balancing work and classes/family. Considering the fact that many employers have been getting away with giving their part-time workers a full-time workload without full-time benefits, it's easy to picture that particular practice extending to cover specific minimum wages as well.

Unless laws are put in place to ensure that there's a clear separation between a company's full and part time workers, we could end up seeing a lose/lose labor force where full-time jobs are scarce and part-time workers are disgustingly exploited.

I'm not sure where this all came from. I was simply pointing out that $15/hr at 40hr/wk comes out to $31k. There already are laws in place that prevent employers from exploiting work schedules to avoid giving out full time benefits. This line is blurred because an employer may be scheduling a part timer to work 39 hours to avoid giving them benefits, but this is rare.

Originally Posted by Link View Post
You know, if there was no "economy/capitalism", things would be better. Instead of there having to be 4 million stores, IE; burger kings literally across the street from 20 other restaurants, there would be maybe one restaurant a town because huge corporations won't exist, etc etc. That is so much more efficient.

Having one place in the middle of town that everyone would go to at the same time three times a day is horribly inefficient for towns larger than 1000 people. Traffic and parking would be an absolute nightmare, as would be the inside of the restaurant. Having multiple restaurants spread across town helps ease congestion in any one area. In my town, there are certain de-facto "districts". We've got the area that all the banks are in, the car dealerships, the department and grocery stores. But restaurants aren't limited to one area. They're all over the place.

Originally Posted by Link View Post
States have been banning solar power because they have been losing too much money. Do you understand what I meant by "rich" now?

I think you've misunderstood what you've read. There was one town in North Carolina that banned solar panels because they thought they would suck up the sun. Not money driven at all, just stupid driven. Now the one that I'm guessing you got caught up on was Florida and five other states banned solar panel companies from selling to consumers. This isn't a ban on solar power outright, it just forced the manufacturers to sell to Florida's utility companies, who in turn sold to the consumers. The solar panel companies are not being driven away, they are still getting their money, they are just not allowed to sell directly to the consumer. This one is money driven, but you missed the exact situation.
All it takes is one bad day to reduce the sanest man alive to lunacy. That’'s how far the world is from where I am. Just one bad day.
View Public Profile Send a private message to Smogard49 Find More Posts by Smogard49
Active Inventory Deactivated Inventory Trade History

Feb 12, 2016 Old
View Public Profile Send a private message to Smogard49 Find More Posts by Smogard49
Active Inventory Deactivated Inventory Trade History
Smogard49's Avatar
Join Date: Apr 2010
Feb 12, 2016 Old
Originally Posted by DruggedPanda View Post
Raising the minimum wage won't change anything really, the prices will just be increased to compensate. What needs to happen is people need to stop being greedy with the profits, and be willing to have less of a profit margin to better everyone else. However, this will never happen due to our way of life. Instead of having lets say 30% profit, cut it down to 15% or 20% (note that this is for the actual owner(s) of the company/business). That extra 10-15% out of even just a $100,000-1,000,000/month is quite a bit that can be distributed more evenly throughout the workforce.

Now, that line, right there, is what rising the minimum wage is all about.

Yes, if all wages were raised it would mean nothing as prices would follow, but to increase the minimum wage would not increase prices (compared to wage) for the weakest in society. Yes, prices would be increased to match the new average from the increased minimum wage, however since higher levels of income would not directly come to rise as to match the new minimum wage, there would be a timezone in which the poorest in society have a better standard of living due to a perceptually higher income as to spending on average consumption-wares.
Now doing recoloring for people not in the clan as-well, PM for more info!
PROUD OWNER OF THORN'S GOOD ENOUGH WRITER AWARD!
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History

Feb 12, 2016 Old
View Public Profile Send a private message to ImmortalPig Find More Posts by ImmortalPig
Active Inventory Deactivated Inventory Trade History
ub3r ImmortalPig's Avatar
Join Date: Jun 2013
Feb 12, 2016 Old
Originally Posted by Smogard49 View Post
Now, that line, right there, is what rising the minimum wage is all about.

Yes, if all wages were raised it would mean nothing as prices would follow, but to increase the minimum wage would not increase prices (compared to wage) for the weakest in society. Yes, prices would be increased to match the new average from the increased minimum wage, however since higher levels of income would not directly come to rise as to match the new minimum wage, there would be a timezone in which the poorest in society have a better standard of living due to a perceptually higher income as to spending on average consumption-wares.

So raising the minimum wage helps no one. But it is extremely harmful to the middle class.
<Faint> the rules have been stated quite clearly 3 times now from high staff
Reply

« Previous Thread | Next Thread »