Well my GF's youngest is expecting again so about to be grandparents for a 2nd time.
OT: THE OT Thread: Grass mowing szn is here
- Thread starter Jim Bob
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MarkusKetterer
Shoulda got one game in
Congrats. Maybe.
You all can invade Canada now. I just found out about a restaurant in Quebec that puts gravy and cheese curds on yellow beans or celery, if you so desire. I don’t wanna know how high the person was that came up with that idea.
MarkusKetterer
Shoulda got one game in
Putting the PU in poutine.
If someone tried to feed me that, we’d be enemies for life. I don’t care if it was my daughter either.
Old Navy Goat
Registered User
Corporate greed is in the franchising and subsequent fees as the individual restaurants are privately owned. I looked into franchising when I was retiring but a McDo back in 2007 required a 1mil fee before the building etc.
I don't see how the Cali based fast food places will survive when minimum wage jumps to $20. The living wage crowd for jobs that historically were for HS kids, part-timers for extra cash drives up prices.
Here you have people in 7-11 as trainees making 8 a day. They move up to 10 or so after completion with most having degrees. Mall employees are 10 with an over abundance of them, easily thrice what a US department store would have working.
TheMistyStranger
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- May 21, 2005
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Been a busy few days for my oldest. Turned 17 Thursday, has their first paid gig as a musician this morning, and is flying to Italy with their orchestra for a week long tour this afternoon. Ah, to be young and have hopes and dreams 
Been a busy few days for my oldest. Turned 17 Thursday, has their first paid gig as a musician this morning, and is flying to Italy with their orchestra for a week long tour this afternoon. Ah, to be young and have hopes and dreams
That's awesome!
BB79
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- Apr 30, 2011
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Exactly, and once the prices go up and people will prove that they will pay them, they aren't coming back down
Dubi Doo
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My buddy and I were just talking about this. He's a crude bastard. He was saying how the economy is going great for him since he plays the stock market, and the profits share is really nice for him right now.
Meanwhile, the lower middle class and lower are struggling with the cost of living. The corporations can blame COVID or politics, and a lot of people will eat it up if it fits their narrative. Truth is, those companies and the ones who hold stock in those companies are doing beautifully well! My buddy fully admits it, too!
It's all good. The guillotine will even things out.
TheMistyStranger
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Old Navy Goat
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Yep, over 50% of Americans have some sort of tie to stocks and the markets now. Now the question would be - who owns the majority of stocks?
Old Navy Goat
Registered User
The 1% obviously own the most but you have tens of millions of normal people investing and counting on the returns for their retirement. I started investing 10% of my paycheck plus 100% of my specialty pay in '87 and continued throughout my Navy career so by retirement age there was over 500k in there thanks to the miracle of compound interest.
Dubi Doo
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I was trying to be specific enough with my wording. Lower middle class/working class and poorer are gettimg screwed the most. My main point was, trickle down economics is a scam.
TheMistyStranger
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Theres no such thing as trickle down economics, it was a strawman term created by the dems.
MarkusKetterer
Shoulda got one game in
Wrong. The trickle down expression was neither a term invented by Democrats nor was it a straw man for how supply side economics is supposed to work.
Dubi Doo
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It's better to avoid the politics of it (site rules that will ultimately have our posts deleted).
Debating economics is fun, though. I've always been intrigued by the subject. I actually have my degree in Economics. Only a bachelor degree, though, so Im open to reading differing opinions.
Old Navy Goat
Registered User
That's in every market whether a Bull or Bear. This time around inflation is crushing them the likes not seen since the Carter days.
sabremike
SAVE OUR SABRES: PEGULA OUT!!!!!!!!
MarkusKetterer
Shoulda got one game in
The issue there is if you look at inflation for 2021, '22, '23 it's 7%, 6.5%, 3.4% while corporate profits are up 22.6%, 9.8%, and 1.5% points to gouging from large companies just because they could. Saying that it's on inflation factors discounts how hard the dry fisting of common consumers has been by big business.
Based on US released figures from here:
Consumer Price Index: 2021 in review : The Economics Daily: U.S. Bureau of Labor Statistics
From December 2020 to December 2021, consumer prices for all items rose 7.0 percent, the largest December to December percent change since 1981. Over the year, food prices increased 6.3 percent, a larger percentage increase than the 12-month increase of 3.9 percent in 2020. Food at home prices...
www.bls.gov
Consumer Price Index: 2022 in review : The Economics Daily: U.S. Bureau of Labor Statistics
Consumer prices for all items rose 6.5 percent from December 2021 to December 2022. Food prices increased 10.4 percent, reflecting an 11.8-percent increase in prices for food at home and an 8.3-percent increase in prices for food away from home.
www.bls.gov
From Economist Thomas Sowell
The phrase “trickle down” often comes up in discussions of tax policies. Historically, tax revenues have in a number of instances gone up when tax rates have been reduced. But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually “trickle down” to the masses of ordinary people. But no recognized economist of any school of thought has ever had any such theory or made any such proposal. It is a straw man. It cannot be found in even the most voluminous and learned histories of economic theories.
What is sought by those who advocate lower rates of taxation or other reductions of government’s role in the economy is not the transfer of existing wealth to higher income earners or businesses but the creation of additional wealth when businesses are less hampered by government controls or by increasing government appropriation of that additional wealth under steeply progressive taxation laws. Whatever the merits or demerits of this view, this is the argument that is made – and which is not confronted, but evaded, by talk of a non-existent “trickle-down” theory.
We are headed for stagflation.
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