Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[MagnarTheGreat]

Hey Bezos you should've paid your workers better so that they don't qualify for government assistance.

 

[MagnarTheGreat]

Women's Labor Force Participation Rate Hit a 33-Year Low in January, According to New Analysis

In January, another 275,000 women dropped out of the labor force, accounting for nearly 80% of all workers over the age 20 who left the workforce last month, according to a National Women's Law Center analysis of the latest jobs report.

This brings the total number of women who have left the labor force since February 2020 to more than 2.3 million, and it puts women's labor force participate rate at 57%, the lowest it's been since 1988, according to NWLC. By comparison, nearly 1.8 million men have left the labor force during this same time period.

Many of these women, says Emily Martin, VP for education and workplace justice at NWLC, have been forced to leave the workplace due to ongoing closures of schools and day care centers. These women, she explains, are not included in the calculated unemployment rate, which is already disproportionately high for women of color.

"To be counted as unemployed, you have to be looking for work," she tells CNBC Make It. "Those who have left the labor force are no longer working or looking for work so in some ways the unemployment rate is artificially lowered by the fact that it doesn't capture these millions of women."

 

[KRYPTON INC.]

 

[DJ Kornphlake]

 

[Prison Mike]

I can’t wait to vote for Fetterman

 

[Teelie]

Bull**** lies to further enrich the rich have not helped the middle class and poor. News at 11. Trickle down economics is really just the rich pissing on everyone else and telling them it is rain.

 

[MagnarTheGreat]

It’s really about the demand side of the economy not the supply. Cons have been pushing the wrong side for decades to serve the already rich who don’t even need it.

 

[MagnarTheGreat]

WSJ News Exclusive | Texas Electric Bills Were $28 Billion Higher Under Deregulation

 

[MagnarTheGreat]

 

[samsnee]

I’m sure it will trickle down to the rest of us at some point

 

[MagnarTheGreat]

 

[MagnarTheGreat]

 

[MagnarTheGreat]

The way to stop bank robberies is for banks to place all their funds on tables outside their buildings with no security or cameras.

 

[MagnarTheGreat]

Bloomberg News - Richest 1% of Americans Hide a Fifth of Their Income From the IRS
A new study found that the IRS can miss earnings hidden in sophisticated ways. It could support calls to give the agency more funding after years of budget cuts.

 

[writer0327]

Bloomberg News - Richest 1% of Americans Hide a Fifth of Their Income From the IRS
A new study found that the IRS can miss earnings hidden in sophisticated ways. It could support calls to give the agency more funding after years of budget cuts.

 

[MagnarTheGreat]

USA Today - Kylie Jenner Instagram GoFundMe flub says a lot on wealth, compassion

Kylie Jenner has an estimated net worth of $900 million dollars, but this weekend encouraged her fans to donate to a GoFundMe account. The 23-year old entrepreneur posted on Instagram Live asking for donations to cover makeup artist Samuel Rauda's medical expenses after he was in a serious accident. Jenner contributed $5,000 to the cause, which initially had a goal of $10,000 that was raised to $120,000 after donations skyrocketed following her social media plea.

Charlotte Clymer, director of communications and strategy at Catholics for Choice, tweeted in response to the controversy that "Folks are defending Kylie Jenner by pointing out she donated $5,000 to her makeup artist's medical GoFundMe. Her net worth is $900M. So, that's 0.000006% of her net worth. If your net worth were, say, $100k, it would be like donating 56 cents."

It was retweeted 38,000 times.

While wealthy people may give more money to charity overall because they are in a position to be more generous, some research shows people in lower classes actually give higher proportions of their money to charity.

A 2010 study Kraus co-authored found people of lower socioeconomic status – those with fewer resources and who one might expect would prioritize self-interest – proved to be more generous, charitable, trusting, and helpful compared with wealthier individuals. The authors noted "lower class individuals acted in a more prosocial fashion because of a greater commitment to egalitarian values and feelings of compassion."

 

[Schlosser85]

View attachment 44431

Lol. I always find it a little hard to be up in arms about people doing **** that we’d all be doing if we could.

 

[Teelie]

USA Today - Kylie Jenner Instagram GoFundMe flub says a lot on wealth, compassion

This is why the rich need to be taxed more heavily. They are incapable of actually parting with more than a token amount no matter how vast their wealth is unless forced to.

 

[DJ Kornphlake]

 

[dnno1]

 

[Detective Conan]

Bernie Madoff, infamous Ponzi schemer, has died

 

[MagnarTheGreat]

 

[Lily Adler]

And the Republicans are going to deny it...

 

[Teelie]

Notice how when they are not in charge, things get better only for them to get worse when they take over? Funny how that works.

 

[MagnarTheGreat]

Wall Street Journal - Stocks Are Off to Best Start to a Presidential Term Since Great Depression

Wall Street Journal - U.S. Household Income Surged by Record 21.1% in March

Bloomberg News - U.S. Personal Incomes Soar by Most on Record on Fiscal Stimulus

NBC News - GDP surges to 6.4 percent in Biden's first 100 days