Heard an Interesting POV...

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Terms

New Member
NoDrama said:
Written during the FDR years, AKA "The BIG GOVERNMENT years". Fucking stupid troll.
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Depression started in 1929 during Republican President Hoovers term. At a time when there were No Safety nets of unemployment, Wall Street regulation Welfare Consumer Protections Et al.
Hoover left office in 1932. Shanty Towns that sprang up were called Hoovervilles. Not a very good legacy.
FDR came to Office in 1932 and most of his "new Deal" programs actually had to do with Monetary Policy and Regulating The problems that brought the Depression to begin with.
Now back to your last sentence. I have reported your Post for abuse.
 
T

Terms

New Member
NoDrama said:
Written during the FDR years, AKA "The BIG GOVERNMENT years". St%^#$&%$%^ Fu*^%^& Troll.
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I guess you never read the book. The Joad family actually got a break when the government helped
Again i have reported your abusive unwarranted attacks
 
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snowmanexpress

Well-Known Member
August 25, 1982. Wow. What was a tiny, growing company just a few years earlier is becoming one of the greatest American growth stories of all time. Wal-Mart is trading at $2 billion, and you have hit pay dirt. A 23% average annual return — your $10,000 investment is now worth $77,500. Had you continued to add to your position in the mid-1970s, when this valuable business was trading for $60 million, you would have had even more astronomical returns.
Still, you think Wal-Mart is even more valuable; so, you hold.
Another Five Years Pass...

Wal-Mart is trading at $20 billion, and your $10,000 investment is now worth $830,000 — the result of earning 34% for fifteen years. Not too shabby.
I'll Spare You The Rest

We all know the Wal-Mart growth story. Now a $220 billion business, Wal-Mart was once a $60 million company — trading well below the radar of anyone on Wall Street. It had a small, hidden moat in its pricing, but Wall Street was convinced it would easily be crushed by its larger competitors. From its August 25, 1972 open — trading at just $250 million — a $10,000 investment would have growth to $8.7 million, excluding any dividends you would have earned (and assuming you didn't sell when it became fairly priced in the early part of this decade).

http://seekingalpha.com/article/79469-what-will-happen-5-years-from-now

At a 10 grand investment in 1982? You'd have 8 mill by 2008? Wish I had some extra loot to invest, wouldn't have to worry about the small crap! After 30 years I guess.....maybe by retirement!
 
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Terms

New Member
snowmanexpress said:
August 25, 1982. Wow. What was a tiny, growing company just a few years earlier is becoming one of the greatest American growth stories of all time. Wal-Mart is trading at $2 billion, and you have hit pay dirt. A 23% average annual return — your $10,000 investment is now worth $77,500. Had you continued to add to your position in the mid-1970s, when this valuable business was trading for $60 million, you would have had even more astronomical returns.
Still, you think Wal-Mart is even more valuable; so, you hold.
Another Five Years Pass...

Wal-Mart is trading at $20 billion, and your $10,000 investment is now worth $830,000 — the result of earning 34% for fifteen years. Not too shabby.
I'll Spare You The Rest

We all know the Wal-Mart growth story. Now a $220 billion business, Wal-Mart was once a $60 million company — trading well below the radar of anyone on Wall Street. It had a small, hidden moat in its pricing, but Wall Street was convinced it would easily be crushed by its larger competitors. From its August 25, 1972 open — trading at just $250 million — a $10,000 investment would have growth to $8.7 million, excluding any dividends you would have earned (and assuming you didn't sell when it became fairly priced in the early part of this decade).

http://seekingalpha.com/article/79469-what-will-happen-5-years-from-now

At a 10 grand investment in 1982? You'd have 8 mill by 2008? Wish I had some extra loot to invest, wouldn't have to worry about the small crap! After 30 years I guess.....maybe by retirement!
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Great Find
What was the average Wal Mart worker making Inflation adjusted wages and benefits in 1974
What is the Average Wal mart Worker making now?
 
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NoDrama

Well-Known Member
Terms said:
Great Find
What was the average Wal Mart worker making Inflation adjusted wages and benefits in 1974
What is the Average Wal mart Worker making now?
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Who cares how little they make, they can just take advantage of all those welfare programs to make up the difference.
 
deprave

deprave

New Member
Terms said:
Anyone read the Book "the grapes of Wrath"?
or at least seen the movie?

This is basically what Small goverment looks like
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Again...lol...how many times are you going to write this? wtf dukeanythony is that you?


It looks like a fictional story about sharecroppers from the 1930's?
Think you need to broaden your studies just a bit. The story of the sharecroppers is a tragic event, it has absolutely nothing to do with political philosophy..Niether does the novel which I just quickly speed read the summaries for the first time over the last 15 minutes...thanks for wasting 15 minutes of my life on some kind of 1930's children's fiction..You are really grabbing at straws duke


By contrast...This is like saying...Ever read The Smurfs? Or at least seen the movie? This is what big government looks like.
 
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Terms

New Member
NoDrama said:
Who cares how little they make, they can just take advantage of all those welfare programs to make up the difference.
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Yes you hit the nail right on the Head. Wal Mart was taking advantage and having the Goverment subsidize their workers wages and benefits by actually teaching them how to get food stamps and medicaid.

And the Grapes of Wrath is a very good study of Minimal Goverment and Unregulated free market.
It Might be fictional. But it is very real. John Steinbeck actually made the trip with a family just like this as research to write the book
 
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snowmanexpress

Well-Known Member
Terms said:
Great Find
What was the average Wal Mart worker making Inflation adjusted wages and benefits in 1974
What is the Average Wal mart Worker making now?
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Probably around a $1.25 an hour. A brand new Chevrolet Nova SS was around 1975 was about $3,000 dollars. A little house was around $12- 15,000 Now, a new car is roughly what $25,000 dollars, and a house now is around $114,000 I'd say. Walmart employee making now, probably close to what is considered "minimum wage" or what is is now....$8.25 to 10.00 an hour. I'm slightly older, I've been employed in the past when wage's were $4.25 an hour. My dad tells me he had earned one time in his life .33 cents an hour.

So where are you going with that question you asked, I wonder?
 
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Terms

New Member
At one time Wal Mart was the place you wanted to work. That all changed. Now they dont pay a livable wage and dont offee any good benefits They even found that a lot of workers were instructed on how to get medicaid and food stamps look up how many lawsuits they lost forcing people to work off the clock
 
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snowmanexpress

Well-Known Member
Hey, If you want that cool iphone and new nikes then get a 2nd job I guess if you are in the minimum wage bracket. You'll be makin around 16 - 20 an hour. With a good life and a great wife, I'm sure you 2 will get thru life just fine and dandy. See I hear ya, a little, back then it seemed the wife didn't work. Now yeah, with all this materialistic crap, and you guys wanna text your friends, yeah, both need to work these days.

I don't know if welfare lasts your entire life. Or how long one gets to milk. But, to me, even if you worked 4 years out of your life and paid in to taxes, you've paid enough in my mind to have some kind of welfare for 1 year wouldn't you say?
 
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snowmanexpress

Well-Known Member
Okay and your point is what again I'm sorry? Why do I bother I wonder.....that kind of crap belongs on twitter and facebook, not here. #whydoibother

 
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Terms

New Member
Did I say anything non factual?
Are my opinions invalid because you cannot come to a conclusion on your own about any points I am trying to communicate?
Do you feel you are actually adding anything to the discussion?
What exactly is the point you are trying and failing to make?
 
NLXSK1

NLXSK1

Well-Known Member
Terms said:
I make more than 16 - 20 now. And the 401k aint gonna support us in retirement.
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Well, you had better come up with a plan to make more money then. There are many ways to improve your income from changing jobs to taking a 2nd job to starting a small business on the side.

If you are not going to take care of yourself financially who do you think is? The government?
 
Gastanker

Gastanker

Well-Known Member
So you mean that if we take power away from the big government it might transfer to the people instead? I'm pretty sure this is the plan... Transfer power from the government to the people...
 
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