Originally posted by Grumble
What you have to get over is the idea that money means anything. Specifically, the numbers we use. Millions, billions, or trillions, it is all
arbitrary. All that matters is the amount of value we add to in our production and services. That is true wealth.
What does this mean to you? If you accept what I say, then what the government is doing with these bailouts is insure our ecomonic futures.
I find it hard to agree with money meaning nothing. Here is my perspective:
It costs me a full day's pay (after taxes) to fill up my gas tank. This is what money means to me. I fill up my tank fifty two times per year ( at
least ) meaning that fifty two days of my work goes to just getting me to my workplace.
When inflation skyrockets, my company will not give me a raise, which means I will make less while everything costs more. In the last two years, I
have not received a standard of living increase yet my health insurance goes up, food costs go up, gas prices go up, electricity goes up, natural gas
goes up, and my standard of living goes down. It is funny how I am actually one of the lucky ones because I still have a job and health insurance.
You can say that inflation helps our economy theoretically, but if your employer feels that your pay should not increase even though the minimum wage
has increased, the idea that your "value" remains constant, doesn't hold water.
They say that theoretically if your house it worth $100,000 that it is better to pay off your house when the dollar has decreased in value because
then you can easily pay off your house. That will only work if your pay increases with the inflation. Most employers will only increase employees pay
under extreme duress.
No one at my company has seen a bonus or raise in two years and it is unlikely that it will be coming any time soon. People who have complained have
been let go and are now unemployed. Try keeping your house with no income.
Employers have us under their thumb and will continue to keep us there as long as this recession lasts.
I used to see school kids having car washes to raise money for school trips or new uniforms. Lately, I have seen families having car washes to feed
Your theory is fine from ivory towers, but from the trenches, it is hard to swallow.
Just my two cents.
[edit on 17-9-2008 by xman_in_blackx]