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DeWayfarer · 61-69, M
Just the average income that is yearly adjust for the actual annual inflation.
This never happens though anywhere in the world.
I would be a millionaire if my parents income was adjusted for inflation. A cup of coffee only cost 10 cents in 1966 with no tax! And my parents income was below average.
And why two incomes are now required instead of one income for a whole family of four. Where it was once a family of six or more on a single income.
Soon enough it will be limited to a family of three or just two. No kids.
The latter will happen. Because they are already claiming over population. And definitely don't even want any immigration.
Just to allow immigration you will force an income increase, that they don't want. Immigrants will just rely on the state to feed their multiple children as a last resort.
Immigrants just won't have fewer kids. It's why they immigrated. To have a better life for their kids.
So just to survive, the kids will just live with their parents. Therefore providing a income of four for a family of eight or more.
This is the direction the whole world must take. Because they refuse to adjust anyone's income for the actual annual inflation correctly.
Greed begets even more greed.
This never happens though anywhere in the world.
I would be a millionaire if my parents income was adjusted for inflation. A cup of coffee only cost 10 cents in 1966 with no tax! And my parents income was below average.
And why two incomes are now required instead of one income for a whole family of four. Where it was once a family of six or more on a single income.
Soon enough it will be limited to a family of three or just two. No kids.
The latter will happen. Because they are already claiming over population. And definitely don't even want any immigration.
Just to allow immigration you will force an income increase, that they don't want. Immigrants will just rely on the state to feed their multiple children as a last resort.
Immigrants just won't have fewer kids. It's why they immigrated. To have a better life for their kids.
So just to survive, the kids will just live with their parents. Therefore providing a income of four for a family of eight or more.
This is the direction the whole world must take. Because they refuse to adjust anyone's income for the actual annual inflation correctly.
Greed begets even more greed.
zonavar68 · 56-60, M
@DeWayfarer I'm a family of 1.5 (me and my daugther who stays with me almost half the time). My adult kids fend for themselves now. I deliberately reduced my income by going from perm full time to perm part time working about 3/5 of full time so I get 3/5 of the full-time income. I am able to pay everything comfortably but have nothing left over, however time with my daughter is priceless.
DeWayfarer · 61-69, M
@zonavar68 oh I agree family time is priceless. Yet it's not the same as it once was like with my father.
On that below average income my father even paid for a trip to Germany albeit I was alone on the trip itself. Plus alimony and child support to mom.
On that below average income my father even paid for a trip to Germany albeit I was alone on the trip itself. Plus alimony and child support to mom.
@DeWayfarer no
Inflation is an illusion
66 cents at that time was a lot with the pay that was given out
Its all relative
Inflation is an illusion
66 cents at that time was a lot with the pay that was given out
Its all relative
DeWayfarer · 61-69, M
@rocknroll I didn't say no inflation. I said actual annual inflation adjustments.
@DeWayfarer around 1966 the wages were under 2 dollars an hour so things are relative
No difference than now
No difference than now
DeWayfarer · 61-69, M
@rocknroll huge difference just on the taxes alone. Because there was no state taxes on anything!
@DeWayfarer not a huge difference at all and there was always taxes
DeWayfarer · 61-69, M
@rocknroll guy my dad got Mom's house on a promissory note without actually working! Just that he was promised a job!
DeWayfarer · 61-69, M
@rocknroll no it's not relative because there is no equivalent! It doesn't happen anywhere!
Especially not on a low promised income!
Especially not on a low promised income!
@DeWayfarer yes it does happen and yes it is relative
DeWayfarer · 61-69, M
@rocknroll no it's not! Prove it! Show me a BANK loan on minimum wage! It doesn't exist! Yes there might be grants yet there are no bank loans under ANY banks! My father wasn't more than just a immigrant himself and so was my mother!
Both never even got to highschool! My father was amazed when he figured out for himself just what cube was mathematically! I was already in junior high then. And he was in his 50's.
So add to that no education! I couldn't rely on either parent to help on any school work. Had to figure it out myself just like my father did.
Both never even got to highschool! My father was amazed when he figured out for himself just what cube was mathematically! I was already in junior high then. And he was in his 50's.
So add to that no education! I couldn't rely on either parent to help on any school work. Had to figure it out myself just like my father did.
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Ynotisay · M
@rocknroll BIG difference between 1966 and now. The top tax brackets were paying between 60 and 70 percent on personal income then. Today the wealthiest Fortune 400 individuals/families pay significantly less than the "average" American. Around 8 percent. That consolidation of wealth obviously leads to disparity which reaches everyone outside of the uber-rich.
DeWayfarer · 61-69, M
@rocknroll I never said 66 cents. Learn to read!
Coffee is over 2 bucks now, not including tax. And I am being generous on that nation wide price. Some states it's over 3 bucks. Texas it's 2.57. A federal minimum wage state.
Yet at 2 bucks that's 27% almost 28% of today's minimum wage of 7.25.
THEN it was 10 cents. Sambos had 10 cent wooden coins nation wide until 1972! Other restaurants had them as well, six years later!
That's 6% rounded 7% of your own quoted 1966 minimum wage!
More than three times as much almost four times as much. And there still wasn't any state tax in ANY of those percentages.
NOT EQUIVALENT!
Notice I was being generous with all those figures. Average price of coffee in Texas is more than even in California by 5 cents.
Coffee is over 2 bucks now, not including tax. And I am being generous on that nation wide price. Some states it's over 3 bucks. Texas it's 2.57. A federal minimum wage state.
Yet at 2 bucks that's 27% almost 28% of today's minimum wage of 7.25.
THEN it was 10 cents. Sambos had 10 cent wooden coins nation wide until 1972! Other restaurants had them as well, six years later!
That's 6% rounded 7% of your own quoted 1966 minimum wage!
More than three times as much almost four times as much. And there still wasn't any state tax in ANY of those percentages.
NOT EQUIVALENT!
Notice I was being generous with all those figures. Average price of coffee in Texas is more than even in California by 5 cents.
Spoiledbrat · F
@DeWayfarer It's not that inflation isn't adjusted, it's that it's not absorbed by business owners. They refuse to absorb some of it and not pass it all down to the people who can't afford to pay it.
DeWayfarer · 61-69, M
@Spoiledbrat the whole system is based on societies values. And those values are wrong!