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The Biggest Redistribution Of Wealth From The Middle Class And Poor To The Rich


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2014 Jan 2, 12:51pm   12,742 views  45 comments

by mell   ➕follow (9)   💰tip   ignore  

http://www.zerohedge.com/news/2014-01-02/biggest-redistribution-wealth-middle-class-and-poor-rich-ever-explained

Faced with this problem, consumers in the middle class are taking on more non-housing debt in order to maintain the same standard of living. In addition, the US government which continues to run a deficit year after year continues to accumulate debt. Due to these facts, total debt outstanding aka credit market instruments for all sectors - is at all time highs. More debt means more interest payments and lower savings rates. These trends do not bode well for the middle class consumer.

#housing

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45   New Renter   2014 Jan 11, 1:22am  

mell says

New Renter says

In my world you would never say such a thing because it would terminate the interest of the interviewer right there. No big deal, you are but one of several candidates

OK, makes sense. But again, I have never met anybody who sits in front of the computer for their job who doesn't surf at least an hour minimum per day, pays the bills online etc., no matter what position their were in. I could tell you what their facebook status was just by sitting next to them

Sure, Dan is the perfect example. He claims to be a programmer with a far-more-than-40 workweek yet he is one of the biggest contributors here. The only way he could do both and not be chatting at work is if he's undead and does not require sleep. So what? As long as he meets his goals his supervisors should be happy.

In my job there were hours my coworkers and I would have to spend babysitting our machines. Each step could take up to an hour yet we HAD to stay there in case something blew up. We needed to do something which could be done in near darkness and engaged enough to stay awake yet not so engaged we'd miss an event. That is the perfect time to pay bills, shop, whatever. It also allowed us to take care of our personal lives so we could physically stay at work longer. A good boss understands that.

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