Post by mg
"Workers' salaries are at the lowest percentage of GDP since
"Wages and salary income in 2012 amounted to 42.6 percent of
GDP, the lowest since 1929.
Corporate profits after taxes amounted to a record 9.7
percent of G.D.P. Each of the last three years has been
higher than the earlier record high, of 9.1 percent, which
was set in 1929. . . ."
Oh-oh - I still have about $180K in the stock
market. Maybe I'd better cash in!
I don't have a dime in "bitcoin". That's not
very "modern" of me, but bitcoin scares me.
Most of my lucre now is in FDIC insured
accounts which are only paying a little over
1% a year, as the stock market storms
upward. But at least they're safe, or so I
think - perhaps misguidedly.
I don't have anything in Real Estate, and
I thank my lucky stars for that! What a
pain in the butt Real Estate is! Here's a
horrible example: somebody bought the
street around a luxury neighborhood
for (only) $90,000. The street "belonged"
to somebody who hadn't worked for the
association for years, but the city kept
sending tax bills to that address so the
owners of the houses on that street had
no idea what was going on until after
the sale when they heard their street
had been sold out from under them:
That's a new one on me, I must
admit. I had no idea that streets
could be sold or that people owning
houses on a street could be assessed
taxes for the street. El Castor will be
delighted to hear that two of the
houses are owned, or were owned
at one time, by Dianne Feinstein and
That's just one great example of
why I'd never want to own any
A woman I worked with once had
to pay a big fine for not paying taxes
on her house.When she said she
hadn't received the bill, her city (not
San Francisco) admitted they'd
neglected to send the bill, but she
knew she had to pay taxes so she
should have paid them anyway.
Jesus Christ Almighty!