This is completely insane... (Page 3/4) cliffw JUN 08, 03:25 PM quote Originally posted by 82-T/A [At Work]: What I realize is that we are likely to never see the prices we once saw. Inflation leads to higher prices... which are permanent. While gas prices may go down with a Republican administration, which will result in lower prices for most goods... we'll never see the low costs for products as they were by the end of 2019. And that's unfortunate. It essentially means the financial gains in wage growth that we saw a few years ago are effectively wiped out. quote Originally posted by 82-T/A [At Work]: It essentially means the financial gains in wage growth that we saw a few years ago are effectively wiped out. With inflation, companies need to charge more to even make a profit. Even charge more to keep to keep the same profit margin, which many times is just minimal enough to stay open. Employees will need to to make more to survive also. theBDub JUN 08, 03:28 PM quote Originally posted by Jake_Dragon: How do you feel about SS? As some people entering retirement and seeing 401k and other investments dry up. SS may end up being the only income some people have. Well, I don't support SS in general. But it's there and I won't judge anyone for accepting it. But that's exactly what I mean when I say I'm young enough to welcome a recession (because it would bring a correction and provide me with cheaper investments), but worry for the folks who are at the age that it would wipe out all of their plans at the worst time. theBDub JUN 08, 03:42 PM quote Originally posted by 82-T/A [At Work]: The question I would ask is what is meant by "easing" inflation. Does that mean that prices will go down... or does that mean that prices stop going up at such an aggressive pace? What I realize is that we are likely to never see the prices we once saw. Inflation leads to higher prices... which are permanent. While gas prices may go down with a Republican administration, which will result in lower prices for most goods... we'll never see the low costs for products as they were by the end of 2019. And that's unfortunate. It essentially means the financial gains in wage growth that we saw a few years ago are effectively wiped out. Exactly, easing inflation will likely just mean moving closer to 0, not going negative. We won't see decreased prices unless we go through some form of recessionary period, even if it isn't a full recession. 82-T/A [At Work] JUN 08, 04:25 PM quote Originally posted by theBDub: Well, I don't support SS in general. But it's there and I won't judge anyone for accepting it. When you say won't judge anyone, I know that's still kind of being judgy because you don't support it. I don't like SS either, I would much rather have taken all the money that I put into social security, and had that paid into an investment account that I directly owned and managed. But on the "won't judge anyone for accepting it," if you've fully paid into it, you fully deserve to claim it, and you would be kind of stupid not to collect on it. If it's still around by the time you retire (I think you're younger than me, I'm in my early 40s), you'll definitely want to accept it BECAUSE you've paid into it. I met my 40 credit threshold years ago, and I fully expect to start collecting on it as soon as I am even remotely eligible... I think that's 60 or 62... but hell, I'm going to collect on it immediately... I'm not waiting. Hudini JUN 08, 05:02 PM SS is MY money. Just because the government runs a Ponzi scheme doesn't mean I don't get my money back when it's due. I paid when it was required. Now the gov must pay when it's their turn. theBDub JUN 08, 05:09 PM quote Originally posted by 82-T/A [At Work]: When you say won't judge anyone, I know that's still kind of being judgy because you don't support it. I don't like SS either, I would much rather have taken all the money that I put into social security, and had that paid into an investment account that I directly owned and managed. But on the "won't judge anyone for accepting it," if you've fully paid into it, you fully deserve to claim it, and you would be kind of stupid not to collect on it. If it's still around by the time you retire (I think you're younger than me, I'm in my early 40s), you'll definitely want to accept it BECAUSE you've paid into it. I met my 40 credit threshold years ago, and I fully expect to start collecting on it as soon as I am even remotely eligible... I think that's 60 or 62... but hell, I'm going to collect on it immediately... I'm not waiting. Poor wording on my part. That's all I mean by saying I'm not judging it. MidEngineManiac JUN 08, 05:11 PM quote Originally posted by Jake_Dragon: How do you feel about SS? As some people entering retirement and seeing 401k and other investments dry up. SS may end up being the only income some people have. I cant say for sure on SS, but here CPP (our version) is in need of SERIOUS overhaul or everybody is going to be S.O.L. It was enacted at a time when retirement was age 65, and average life was 71. People only received it for 5-6 years, on average. Retirement is still 65, but life average is around 80. 9-10 more years than it was designed for. Plus (2021) 20% of the population is over 65. 50 years ago (1971) it was 8%. So you have 12% more collecting it for 10 years longer. Bot numbers are only going up. It's not sustainable as-is. MidEngineManiac JUN 08, 07:25 PM Want inflation ? I bought myself a new (just a basic one) coffee maker in late Feb. 12 bucks. Knocked the carafe off the counter today, and the exact same unit at the exact same store is now 19. Almost 60% in 4 months. 82-T/A [At Work] JUN 09, 07:03 AM Three more polls came out yesterday with Biden under 40% (33%, 38%, 39%), and 538 still averages him out to above 40%. 82-T/A [At Work] JUN 13, 08:52 AM More bull **** ... look at this: 538 CONTINUES to list Biden's polling average at above 40%. Why are they desperately trying to hard to protect him? Yes, I totally understand that they change weights and add more value to some polls while they decrease value to other polls. If we were to do a simple average of the above polls, it would come out to 38.8%. Right now, his polling instead stands at 40.2% and the graph's popularity line seems un-phased no matter how much the un-popular line grows. I'm really sick of this double standard. During Trump's presidency, they did everything in their power to make his polls look as bad as possible. Where is the integrity in this?