What do you think of this auction?

Only if they demonetize the blasted stuff.......

 

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The gubmint does a de facto demonetizing of the currency by eroding its buying power through constant inflation.
Many of us old timers here can easily recall when silver coins still circulated and candy bars cost 5¢ and were bigger to boot.
When I was a kid, a family could live a nice middle class existence in the suburbs on the salary of one person (almost invariably the father).
Nowadays it's more common than not that both mom & dad are out there working to support the family.
It's my opinion that since the Eisenhower administration the true standard of living for middle class Americans has declined.
Ike warned us about the military-industrial complex. We should have listened.
OK I'll get off my soapbox now!

 

It's not this that. The rich get richer, and the poor get poorer. The rich is hoarding money, look at all those people worth "billions". This did not exist 50 years ago.

When you have a select few owning most of the money, it's less for the poor and middle class to have. Money is not infinite, and when the top percentage own most, more has to be printed for the middle and lower to have more, which drives inflation.



The above charts sums up what's happening. The elite have too much money.

There needs to be restrictions installed on how much money one person can make. That's the major issue. With the current system, there is no cap on one's wealth.

If this trend continues, it will be like it was back like it was in the middle ages.

The kings, queens, and "noblemen" will own most of the wealth, and all you will have left is peasants.

Not one person should make over $250,000 US a year. That is a very generous amount of money, considering some people make millions a year. One person should not be allowed this kind of wealth, as it stresses out the middle and lower classes.

You can laugh and scoff at this all you want, but it's simple economics.

Think of it as a pizza. The pizza is total amount of money in the US. If every person gets one slice, then things are equal. However if a person takes 75% of the total slices, it's less pizza, or money, for the middle and lower classes to have.

The only solution for the current economic situation to improve is if the elite have their annual salaries capped, and the remainder goes back down the "ladder".

This is not politics, but economics.

 

Detecto, did you know people save and invest and work their butts off to get lots of money? If you want your "Fair Share" stuff to work out, just go back in time and tell us how COMMUNIST Russia worked out. Okay?

 

Wow detecto, just wow.

 

I'm appalled at simpleton economics that is presented here as "fact" and as a way to drive your attempts at "fairness" for people who are not earning their way. I have no problem helping out people who are needy for the basic essentials, or helping people pull themselves up by their bootstraps. I am happy for people who can earn enough to get more than the basics. But you have been whining and complaining because you don't have enough discretionary money to buy yourself some coins or whatnot at auctions, and have been outspent by the "greedy hoarders".

I've said it before, and I guess I'll have to continue saying it: "Grow UP!"

 

Boggles the mind.

 

Kasia, You're great. Call it like it is!

 

There is nothing wrong with having "lots of money", but all things need to be in moderation.

I do realize "fair share" would never really work out, but it's an ideal thought. The more one person takes, the less there is for others. It's a very simple concept. There is only so much to go around. This causes more money to be needed, more is printed, and thus inflation happens. What you could buy for a dollar today is now less than last week.

You have to many people that exist in this world that go "mine mine mine".

$250,000 a year is plenty. If you say "no one should say how much money I can make", it's foolish.

Humans need governing in the sense of moderation. Too much of a good thing is a bad thing.

There needs to be a restriction on how much one person can make, and how much one person can own. There currently is not.

There is currently nothing that prevents one person from owning all the wealth in the US.

You can ridicule me all you want. Just because what is right in your sense does not mean it's the solution.

Now stop, and look at the mess we are currently in. You mean to tell me that this is "the answer"? It's not the answer, because HELLO! it's not working.

We are turning into a plutocracy.

 

By the way Detecto. Do you think it would be fair for the people who work their butts off to put themselves through college, get their degree in a very advanced job, get the high paying job they specialize in and get a salary of your "Cap" of $250k/year while somebody who sits on their butt and collects money from a program doing the bare minimum to get by without putting an effort worth a nickel gets the same wage of $250k/Year? I thought not.

 

Detecto, you should run for Congress in your state and use your current views as your main platform

 

No. Where are you getting this?

By fair share, I don't mean everyone GETS a fair share, but having restrictions in place that would prevent someone from TAKING more than their fair share.

Not everyone gets a slice of the pizza, but a law would be enacted from someone taking 3/4 of the pizza, forcing the others to have much less pizza to go around for those that DO earn it.

 

I'm sorry. I cannot take your thought process seriously. I give up on you.

 

Then how do YOU suppose we fix it, Mr Boom? What's your solution?

All I hear is "spend money, that will fix it".

Spending money we don't even have is a very idiotic solution. All that's doing is bombing a sinking ship back up to the surface, it's just going to sink again.

 

Deteco you are 21 (if I remember correctly), there is no way you should be receiving your "fair share" at this point. Put in a couple decades of work (hard work) and maybe you will see what you feel you currently deserve.

Put a cap on people income and they stop trying to succeed, they hit the max and they are done. We need the lower segment of our population to suck it up and put in more effort, not depend on others.

 

Detecto, your concept of fairness is, at best, infantile.
You whine about people taking more than their "fair share".
Who is to decide what is a "fair share".
You?
You need to grow up, young man.

 

You probably won't believe me, and it matters not if you do (you have a right to remain ignorant --- at your own peril), but there is enough money to go around for everyone who wants their "fair share". You just have to have determination and the moxie to get out there and do it, as well as accepting that it can be done. I know it can, but it took me many years to realize that you do what you set your sights on. Whining and crying and living off parental largess (I'm guessing that the parental units are still involved, as I can't see you living as some starving artist type) will never get you far. Get up and out and make your own future --- and not through unfair scheming and wanting to limit other peoples goals for themselves.

And one further thing. Life is NOT FAIR.

 

According to your logic, their should be no restriction on anything?

So one should just go ahead, and consume a large quantity of alcohol, and then drive down the highway.

When the cop pulls you over, inform them that the legal limit of .08 is just something that "a bunch of lawmakers decided", then the cop will let you go, right?

Why don't you into Sam's club, and eat the entire plate of free samples, after all, the sign said "take one", but that's just something "someone decided".

After that, go home, and take an entire bottle of sleeping pills. Sure, the label said take one, but the pharmaceutical company decided upon that, but screw them, take the whole bottle.

You see how ridiculous your statement is? That people should just be free to do whatever they want, and not have any kind of restrictions placed upon them?

Restrictions are a fundamental necessity.

Too many people have too much money, they are drunk, financially speaking.

There needs to be a restriction on how much wealth one person can make, and how much they can have.

A fair amount, voted upon by many citizens of the US, will bring this economy back to where it was.

If you disagree with the above, then you need to give up on all hope, period. This is very simple and easy to understand. If you can't even grasp it at it's most basic level, you are the delusional one, not me.

 

Well, first, if I make six figures Detecto how does that take money away from you? I like to think I bring that much value to the company I work for. You having narrow thinking that there is limited amounts of money available is very narrow, wrong economic thinking. Money is nothing but a medium of exchange. There is limitless possible money. What causes inflation is too much money and too few goods and services. Be productive and create more goods and services, and you are making more things money can buy. Get it?

YES, there is a limit to the number of old coins around, but not that many people want them. Coins change in price all of the time, if a certain series gets too expensive, switch to something else. Trust me, you will always be able to buy nice, cool coins as long as you are willing to actually get off your butt and work hard.

Btw, saying $250,000 is "enough". How much money is "enough" if you are trying to raise children, provide for their future, help out other family members and parents, all the while collecting coins? Who is anyone to say how much someone should be able to earn if they are adding value to the economy? Should Steve Jobs been prohibited from making both Apple computers and Pixar a success? Do you realize if he were limited to low pay, there probably would never have been iphones, ipads, or "The Incredibles".
Seriously man, I do not pick on you like some others. However, to think someone else making money somehow is stealing from you is both dangerous and self defeating. You should not strive to tear down others, but strive to emulate them. You need to wish to BE the next Steve Jobs in terms of success, instead of being jealous.

Have you completed college, then graduate school? I worked 40 hours a week and was in the National Guard to pay my own way through college, (first in my family to attend college btw). Then I worked hard, saved, and attended graduate school at night. Then I worked hard in my industry for 20 years. Yes, now I make a nice living, but it was not given to me, and many others if you work REALLY HARD can do the same. That is the beauty of the USA, the opportunity to make a nice living, not a psuedo communistic society where hard work and sacrifice are penalized to give to the lazy.

Just my opinion.

 

This was enacted sir, by a man named Lenin, followed by his buddy named Stalin. You should read up on your history sir.

The truly saddest part of this statement is this is the type of class warfare being promoted throughout the world nowadays. Politics of greed, ignorance, and envy. I do feel sorry if you truly believe this sir. With such an attitude, you will forever be a victim.

Btw, another example of your economic theory was actually the very first settlement in the US, Jamestown. It starved to death because they wanted to allocate out food based upon welfare versus who produced it. Gordon Gecko was right, "greed is good". Greed motivates humans to produce more, better goods that others want, selfishly because they want more money. Do you REALLY think everyone wants to get up and go to work every day? We do it to build this society you live in, but we each do it selfishly because we wish to earn money. I probably earn more money than you right now, and I sleep well at night knowing I earned it.