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Coincidentaly, I am from Wisconsin and the same home town as where Scott Walker went to high school. These strikers are againt us, the taxpayer. If it was Boeing or I some other private company I might not care less. But we, the taxpayer are footing the bill. It is our obligation to concider both sides. And I personally think 70000 is two much. If the teacher cant teach or the student wont learn it is this sybiosis that will drag both parties down.
Fair enough, but your way will drag everyone down.
A steep persistent decline in wages is highly deflationary and every effort must be made to keep wages up. The ultimate capitalist is the wage earner in our society so if his profit (wages minus expenses) starts dropping our society is in for alot of social upheaval.
Double tragedy of the commons -
Reducing wages is best for individual employers.
Taking a lower wage to either keep a job, or undercut someone else, is a sensible strategy for an individual employee.
But, as you say, bottom line result = all-round pain.
(P.S. `alot` is not a word)
Alot. A little bigger than a yard and smaller than an acre !! As a Canadian I can respect the fact that it is not English.
On a bigger perspective I have been in the hospital with our son this past week and he has a chest with a longer cut than yours ! The story from that is …. We are in a hospital where this particular wing/section was paid for by donors such as Munk, Sprout and McEwen. Some might consider that investment advice !
I don’t understand the `wing donors` being `investment advice` thing~?
Has your son got alot scar~?
Sounds all a bit traumatic~?!
Had RPLND surgery. Yes alot of scar!
McEwen…Gold Corp but now runs McEwen Mining
Sprott…Sprott Asset Management
RPLND ………. More cutting than the Greek Government~!
I’ve just sat here and given it five minutes of thought.
Yes….It is hard to see the price of gold going down (alot).
Americans only do 19mins 12 seconds of thinking and some of that time is taken up relaxing.
Maybe that explains why they think $70000 is an excessive pay for a teacher!
Thanks for the joined-up thinking there Axel.
You are doing alot of thinking about spending my money. lol
Not me… I have never worked for the government…but I know when people start saying $70000 is too much to pay a teacher we are heading for big trouble!
Dear Mr. Mystic:
Regarding the “teacher pay issue”, regardless of whether or not $70K is the proper pay, the real issue for me is the fact that taxpayers are footing the bill. This never seems to find its way into the conversation regarding pay for “public servants”. The average American labors 107 days in order to cover his/her annual tax bill (http://taxfoundation.org/tax-topics/tax-freedom-day). Not much of a deal as far as I’m concerned. And when compared to the tax burden of a hundred years ago, I’m not sure I understand how any rational person can consider the current system remotely desirable.
Now before I get a lecture on all the social programs that I benefit from, let me state that up to this point in my life, the sum total I have received has been exactly $0.00. I do have a “promise” (from the lying scumbags that have nearly bankrupted us all), that I will receive a retirement income and medical benefits when I’m old and worn-out. But both “trust funds” are already running deficits. And I won’t be eligible for these promised “benefits” for at least another 13 years. Can I opt-out? Hell no. I’m forced to piss money into a rat hole that is already broke!
Oh, I may get my promised $1200 a month retirement income, but a loaf of bread will cost $20. And as far as the medical benefits? Well, the system is already so screwed-up, that many doctors are refusing to accept new patients that rely on it for care! Some deal!!
Any thinking person knows this current socialistic system will end in a big pile of shit. Yet, we keep tying rocks together “knowing” that at some point in time, they will float.
Sorry, but whenever I even hear anyone associated with the government talk about “increased revenue needs”, I feel like a teenage boy being tossed into the general population at a maximum security prison. Rape is too kind a word.
It could be said that all this has happened before ….. and turned out O.K.
I am working on why things won’t turn out well this time.
It is not so easy~!