Posted on 01/30/2008 6:47:52 AM PST by Turret Gunner A20
Oh ... one more thing worth repeating. Next time you're looking for a job ... see if you can go to work for a poor person.
NEW YORK — It's hard to feel sorry for well-heeled shoppers whose idea of tough economic times is passing on $1,000 Burberry raincoats or that $300 limo ride while the working poor skimp on vegetables and take the bus.
But economists say recent signs of the affluent cutting back could hurt the economy and deliver even more pain to lower-income workers, who are dependent on their business and fat tips.
Nathan Warren, a limo driver, knows this first hand: He has seen his monthly wages drop 40 percent to about $1,800 since late last year. His workweek at Newport Beach, Calif.-based Classy Ride Limousine Service was reduced to three days from five amid slow business. "I have to struggle to get by. I am pinching pennies," said Warren, 30, a Costa Mesa, Calif., resident. "I am eating more cereal and am not buying clothing."
Cutbacks by the wealthy have a ripple effect across all consumer spending, said Michael Niemira, chief economist at the International Council of Shopping Centers.
snip
(Excerpt) Read more at seattletimes.nwsource.com ...
According to the liberals, we must rely on the GOVERNMENT to create jobs and give us high pay, not the evil rich!
We apologise for the fault in the preceding post. Those responsible have been sacked.
And the response from the far left crowd is to keep high taxes on companies as a reward for being successful and providing Americans jobs. While non-existent tariffs on foreign goods pressures American manufacturers, is it any wonder why jobs are moving offshore?
We apologise again for the continued fault in this post. Those responsible for sacking those responsible have been sacked.
That game is OVER.
Wait...isn't...that...trickle down!? GASP!
The wealthy will always have more choices available.
This is what the left despises and seeks to use the government’s power to stop.
I get your point but, good golly, $3,000 a month for clothes? Suits that cost up to $30,000?
(Not that running up the national credit card is a good idea in any case, but I'd love to see that proposed just to watch the fulisade of exploding heads.)
Trial lawyers and pimps buy those.
Redundancy
The thing the Liberals forget about the Rich is that they can move to other countries and take their Jobs and Riches with them.
Fools and the Fools that Follow them (Obi Wan Kanobe)
No, it's the influence of high taxes and other governmnent interference in the market catching up.
I get your point but, good golly, $3,000 a month for clothes? Suits that cost up to $30,000?I second the other poster. The truly wealthy(who earned their money, heirs and saudi princes excepted) only spend their money on assets. They tend to be incredible cheapy-butts too. That's how you get rich in the first place.
The thing the Liberals forget about the Rich is that they can move to other countries and take their Jobs and Riches with them.Theoretically you can't as a US citizen. The US gummit reserves the right to tax you even if you live overseas and work/earn money abroad. IIRC they tax you if you make over 80,000/year. Even if you renounce your US citizenship you have to pay taxes for 10 years after that IIRC(if you want to be able to reenter the US).
Fools and the Fools that Follow them (Obi Wan Kanobe)
Yep. Dumber than a pound of nails -- but it keeps money in circulation and creates jobs.
A whole lot better than big money going into hiding, like it did on the late 1920s -- the major cause of the Great Depression.
...and create more high paying jobs by the poorer folks who now have paid less taxes.
I am certain there are many lawyers who may have other opinions. The truly wealthy have ways we can only guess about.
The libs and other wackos want to drive the rich out of the U.S. Once they do they can implement socialism or their version of communism all that much more easily.
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