- 7 years ago
- Wedding: September 2013
I did not watch the video but I did read the comments, so pardon me if my response if completely unrelated to the video.
I think one of the biggest issues in this country is the entitlement of our citizens. Everyone thinks they’re entitled and deserve big fancy homes and cars, regardless if their budgets can allow it, then proceed to complain how broke they are.
Living within our means is a policy that this country needs to adapt. Not one of us is entitled to ANYTHING.
Prime example: my parents have owned a roofing business for 25 years. Since the recession, we have been pulling in between $25,000 – $50,000 a year for a family of 4. They own a home and a car, but live very frugal and have a strict budget. And they’re happy!
Our very close family friends live about 5 miles away and make a combined total of $100,000 – $120,000 a year for a family of 3. They’ve already been bankrupt, lost their home, are renting very small houses, never have any money, have LOADS of credit card debt, and what did they buy in the last year? A BMW and a brand new Harley. Not to mention they are always going out to eat and getting mani-pedis every week. Do we blame the government for their problems? Nope. It is THEIR FAULT and THEIR RESPONSIBILITY to live responsibly within their means.
My point is that intelligent people can live within any income if they know how to. Being American does not mean you are entitled to having everything you want. I work 40 hours (at least!) a week and am in school full-time but I don’t bitch that I live in a small, cramped space with a clunker car. I try to live within my means, which is a HUGE no-no to most Americans, it seems. Hell, as I’m aspiring to become a teacher, I’ll never make more than $40,000 a year, and I assure you that eventually I WILL be able to own a home and live comfortably if I plan and budget right. Why can’t people understand this concept?
I could see it working better in places where it’s more difficult, I’m still not convinced it’s the best solution though.
As a teacher, you most likely will make more than $40K if you work in a city. Good luck!
First, it annoys me when people complain about (for example): “I get 35% taken out of my check for taxes!” No. You do not. Tax brackets are progressive. So while 35% of any amount over 380k is taken out, a progressively lower percent is taken out of everything below that.
Second, I think change needs to come to this country. And I have no real incentive for saying that (other than, in my opinion, being a decent person). I think I’m a prime person who SHOULD be for the current system. My husband and I make pretty good money (well over 100k and no kids). We’re upwardly mobile with potential to rise in our careers/incomes. Plus, I am currently an independent contractor which means I pay a flat 6.725% MORE of my income into taxes than anyone else.
And yet? I feel lucky that I live in a country that affords the opportunities I was given, that I was born to parents who valued education, and who pushed me to pursue it and had the ability to help me. It took a lot of hard work for me to get where I am, but I don’t think for a second that my financial stability is entirely of my own making, a lot of it comes down to pure dumb luck. And a lot of people aren’t so lucky. So I do think we need to even the playing field to allow more opportunities to rise out of poverty.
I couldn’t find current stats, but in 2010 1.2% of workers in Alberta earned minimum wage which was $8.80/hr.
In 2011 it was 1.6%, at $9.40/hr
Today, minimum wage is $9.75, and $9.05 for those serving liquor who also get tips. Other than the liquor servers (who for the most part make decent money) I think it’s actually very difficult to find a minimum wage job. McDonalds pays more.
I also think that people should have skills beyond the basics. Should people be able to survive off the very bare minimum work? If someone didn’t do any formal training, they should be developing skills from the job they are working at. I don’t expect someone to be a server at McDonalds as their career. If they love McDonalds great! If that’s want someone wants to do full time for their entire life though, start at 16, but by 18 you should have moved up beyond a server.
I don’t think AB is the gold mine utopia many think it is. Many jobs pay under $12/hr. Even admin jobs at oil & gas companies pay under $15/hr. With rental vacancy rates under 1% in Calgary, no one can get ahead with this income. Yes, engineers, “rig pigs” and many construction trades do very well, but there are many people left behind in the energy/resource based economy. We can’t all be a part of that industry, and their success does not necessarily trickle down to the rest of the working public.
I currently make $20-25/hr as a self-employed person, and I would still be in the poorhouse if it were not for Fiance and I pooling our money, and him subsidizing me to some extent. I just left a company making $15/hr for an admin job, and it was considered a “good” income. Puh-leeze. One could not get to work without their own car, which is a reality for many in this city. There goes 1/4 of your paycheque.
I know of many people trying to make it up north, and either failing, or just breaking even because when the income goes up, the COL does too – drastically. It’s not a magic bullet solution.
Working full time at $14.89 before taxes is about $28K a year. That’s a take home of about $862 each paycheck, so $1724 a month.
“…but you are not a 1%-er. that is what makes me laugh because i know many people who think they are in the 1% and fully act like it and they are no where close. many people are not aware how EXTREME the distrubtion is .“
So? So what if they don’t know where they fall in the income/wealth continuim?
Should I laugh at you for not knowing how high you sit in the wealth category relative to the world’s population?
This web site shows that many many Americans are easily in the top 1% worldwide:
That’s all fine and dandy in theory, but the reality is that there are more low-skill jobs out there that are the base of our economy than there are 16, 17, and 18 year-olds to do them. It’s structurally not possible for every adult in America (or Canada) to have a skilled job, so we should pay the unskilled a living wage. Plus, it takes money and spare time to pursue the training needed in many fields to move up, a luxury those living paycheck to paycheck can not afford.
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