Occupy Bay street | Page 13 | GTAMotorcycle.com

Occupy Bay street

D23 said:
Unfortunately that isn't true.

People are defaulting and declaring bankruptcy every day. They are taking $50 000 on average bailouts by simply saying they are broke. Five years later they can start building credit from the banks that are so eager to give credit to anyone to make free money in interest.

You need to simply accept that EVERY class is at fault regardless of which class you fall into.

I wish they would say **** you pay your own debt but they don't.
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That's not quite equivalent is it? The big banks didn't lose their shirt before getting bailed out. They didn't have to slowly rebuild their savings and live hand-to-mouth for years, then hope someone would extend them credit, and basically start over from scratch.

They started up right where they left off, exhorbitant raises included.
 
AdRath said:
It all comes down to the distribution of wealth and the dying middle class. The middle class is what makes a healthy economy and it is fading. The rich are seeing their profits go up while the middle class are having wage freezes and salary/benefit rollbacks. This war on the middle class needs to stop if we are going to change the slide. I've read several studies that show that for every dollar given to the poor or middle class almost all of it ends up being reinvested into the local economy. Where as the same dollar given to the wealthy doesn't help any part of the local economy.

I'm not a believer in tax breaks to corporations breed job creation. We have been working at this mantra for a long time and it sure as hell doesn't seem to be working. Corporations are getting richer and creating more low pay jobs and firing middle class income jobs. Its not working.
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This supposed war on and death of the middle class is such bulshit.Subjectively, middle-class status means freedom from absolute poverty, the ability to borrow money, home ownership, the ability to put your children through school (and likely some postsecondary education) and some sources of savings and equity that could be used to start a small business. These values are common badges of middle-class status around the world and are increasingly what the world's poor aspire to.

But finding this middle ground is harder than it sounds. There are several possible methods.

Locate the middle group of earners You divide the population into equal-sized 10ths or fifths, each holding the same number of people, and see what they earn. In Canada, the middle one-third are those families earning about $35,000 to $70,000 per year. But the relative size of that middle third, in this scheme, will always remain exactly the same, making it impossible to judge if the middle class is growing or shrinking. The biggest problem in the supposed middle class is no one wants to be defined as middle class.
 
fastar1 said:
That's not quite equivalent is it? The big banks didn't lose their shirt before getting bailed out. They didn't have to slowly rebuild their savings and live hand-to-mouth for years, then hope someone would extend them credit, and basically start over from scratch.

They started up right where they left off, exhorbitant raises included.
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A bailout is a bailout period.
 
fastar1 said:
That's not quite equivalent is it? The big banks didn't lose their shirt before getting bailed out. They didn't have to slowly rebuild their savings and live hand-to-mouth for years, then hope someone would extend them credit, and basically start over from scratch.

They started up right where they left off, exhorbitant raises included.
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it's not equivalent but it's relative if only exponentially so.

I could say the same of the poor sucking welfare (some deserving and worthy of, some scamming while not looking for work because they would rater get high)...

All three are negative impacts.

All three classes are to blame to a degree and I dislike all three for failing and leaving the rest with the burden of it.
 
lucky2 said:
how can you sound smart but yet you make no sense. Whats the word im looking for. help me to fill in the blanks.
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And you wonder why he's calling you names?

The guy presents factual comments and arguments and you mock him saying he should just solve the world's problems. Newsflash: he's obviously way smarter than you.

Your arguments consist of retarded youtube videos. You're clueless.

The financial crisis is painfully easy to understand. Too many greedy people figured out how to f* the average citizen. It snowballed from the US downwards. Lots of EU institutions purchased billions upon billions of crappy US debt. Furthermore, their citizens are sometimes used to very unrealistic working conditions.... fewer hours, longer vacations, early retirements. Its unrealistic and lazy. There is no conspiracy.
 
lucky2 said:
hey, if you get time go back and watch some of the vids i posted.
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Yes youtube videos, the most credible kind.

I especially love the ones about the 1% getting rich off money that doesn't exists. So are they the poorest then? Oh wait when we pay them money its real, but when the lend it to us its fake.

Stay in school kids. I knew economics was a tough one, didnt think it was this bad though.
 
fastar1 said:
That's not quite equivalent is it? The big banks didn't lose their shirt before getting bailed out. They didn't have to slowly rebuild their savings and live hand-to-mouth for years, then hope someone would extend them credit, and basically start over from scratch.

They started up right where they left off, exhorbitant raises included.
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as i understand it when you declare bankruptsy (i could be wrong i've never done it) you have to liquidate possessions and vehicles and houses and other assets. the banks did none of that, the car companies had to pay back but the banks didn't... how did that work?
 
lucky2 said:
just to let you in on a little secret, i own and operate somewhat of a successful business. and have for the last 12 or so years
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Lots of less-than-smart people operate businesses. In fact I'd argue that's most of the reason why the economy crashed.
 
You're the one dismissing factual arguments and inserting inane youtube videos. If you bothered to read into what some of us are telling you, you could be smart like us. There is no secret about the economic crash. It happened in front of the world to see.

Go read a book man.
 
CruisnGrrl said:
as i understand it when you declare bankruptsy (i could be wrong i've never done it) you have to liquidate possessions and vehicles and houses and other assets. the banks did none of that, the car companies had to pay back but the banks didn't... how did that work?
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No you don't have to liquidate you simply say I can't pay, you show your income and that's pretty much it
 
lucky2 said:
well i seem to feed the family and able to meet the bills at the end of the month and manage to own a few toys. you know liven the dream kinda stuff.
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The federal reserve and the rothschilds haven't taken you down yet? Could you explain how you fight them off?
 
lucky2 said:
well i seem to feed the family and able to meet the bills at the end of the month and manage to own a few toys. you know liven the dream kinda stuff.
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If you're 'liven the dream' then sonnythebull must be on fricken cloud 9 lol
 
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