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Two income households is a necessity for most

They're only a necessity because the cost of living went up when households started becoming more and more double income households.

Completely unfair for people who don't have that PhD or are married, lose a job etc.

Basically the middle class f*cked themselves over. Harsh, but true I believe. Middle class started to become Upper Middle class and Lower middle class and the Uppers have children who have more opportunity so they go up more and the Lower class kids get less and most of them stay lower and get lower and lower as generations progress. And the poor? Well... yeah, super sucks to be them. It's like living in the mediaeval times again.

The other problem is that people working, will now work for free. People are averaging 45-60 hours of work, some of which is not paid for depending on how the company has found it's loopholes. These are hours of unpaid work that someone else could be doing but people are so afraid of their companies laying them off they'll gladly work for free, go that extra mile, so they can feel more secure in their jobs. It's just contributing more the unemployment.

But yeah... middle class is screwing itself over big time IMHO.
 
Consumers should smack themselves silly if they borrowed more than they could realistically repay if interest rates increased, because they HAD to have it,

Banks encourage people to max out their debt, they give mortgages to people who have 0 idea of what they hell they're getting into. Of course banks encourage people to max out their debt, that's where the bank makes it's money. The banks need to start dealing with people as if the people are completely ignorant of finances, how interest works etc. Because most people now-a-days are.

Of course it's up to the individual to educate themselves in financing and debt/loans, mortgages etc and to not live above their means, but at the same time, people automatically trust those in position of power. And mortgage specialists are people in a position of power. Stupid trusting people!! :coffee:
 
and to not live above their means
That is the biggest problem... Banks provide a service. They don't force you to use the service. They don't force you with peer pressure to have the latest car, bigger house, more expensive clothing. People need to live within their means... it really is that simple.

Was there responsibility with financial institutions in the GFC? Yes. Was it all their fault? No. The greedy people living beyond their means had equally as much fault. Everyone else living within their means suffered as a result of both of those parties, not one or the other.

This isn't exclusive to the US.
 
with peer pressure

Banks here in Canada definitely use peer pressure. And marketing schemes. There is a reason companies sink billions of dollars into advertising and the banks are smart enough to cash in on the results too.

Half the people in the world - by default of statistics - have below average intelligence.

People are stupid. Smart people profit off stupid people. It's always been that way.
 
And this is what really cracks me up, as to why Americans fight so hard not to be a social economy. Australia is a social economy, so our's look something like the advertised, though it isn't exactly that rosy. There is a dip at the poorer end and an increase at the richer... but nothing like the US one. It is more like what people expect it to look like.

Screen Shot 2013-03-05 at 7.53.22 AM.webp


Australia is more like what Americans idealistic view of America is. I think the above chart for socialism is a little to example centric... and the below ideal view is more realistic of a socialist country.

Screen Shot 2013-03-05 at 8.07.27 AM.webp


All countries have rich people... but that wealth has to be distributed, otherwise you endup like the American curve, with 1% having 40% of the countries wealth, which simply makes a country volatile and unstable to a handful of people.

Our rich get taxed heavily, our poor don't: [DLMURL]http://www.ato.gov.au/content/12333.htm[/DLMURL]

Whilst Australia, socialist economy, is one of the most expensive countries in the world to live... even if you're homeless, you're still entitled to emergency health care that is equal to what the richest person will get here. Lesser, nice to have things... obviously not, but emergency care when your life is threatened, everyone is equally treated. Dental is an issue for the poor here, no doubt about it. Seems to be an issue amongst the world actually... dental is neglected.

Even if homeless, you are still entitled to welfare to assist you to eat, drink, smoke, whatever you want to do with the money... which the wealthier are paying for, and should pay for, to keep all people atleast equal in the sense that we're all humans and deserve to live with the absolute basics. You can choose to be homeless and have nothing, absolutely... but welfare is also there for you if you want it. Free and reduced cost housing as well. Yes, there are limits... but it does exist.

There are obvious flaws in all systems though.

Most commonwealth countries are like this... being a socialist economy. The rich are rich, but they don't hold such wealth to destabilise the country. The rich get taxed explicably, to keep things in check and the economy balanced as best as possible.

I've been around the world to many countries, and I just don't understand why Americans believe they're lucky and free. From what I've experienced myself, it's anything but lucky or free. People are chained to being poor, struggling, dying due to lack of health care and the list goes on. Not even the basics to life are provided for those less fortunate.

I just don't get why more aren't listening to the facts... and putting a stop to the top 1%. Citizens create change, but in the US all I see is politicians creating change based on what that wealthy few want. The wealthy few are useless when the majority demand different.
 
I think Obama is trying to start a change that the Republicans keep shooting down because they know where it leads...and it empties their pockets a little more...and then a little more.. and then a little more. Give the real American people a taste of life liberty and freedom......... BOOOOOM!
 
The problem is... we can argue this over and over from the outside looking in it's so obvious, but when you're in there and your one of those middle class people... it's scary..if you push too hard you might lose it all. America is fear ridden. No wonder they all have guns. Do one wrong thing and it's over for you. Scary. I've lived there. I won't ever again. Unless I was the top 1% and actually lived in Southern France.
 
Julia Gillard, our current PM, has her head stuck so far up the US capitalist model she can't see daylight any more. She is too focused on wanting to be rich and powerful, because that is what US senators and politicians obtain. What she's found, is a country in backlash who are showing it through refusing to put her, or her party, back into power. The other guy is a twit, but all he has to do is keep saying, save, save, save, get the country back into the black via cutting costs and doing it tough for a little while, and the majority of the country are agreeing with him.

Voting is compulsory here... because freedom and choices don't come around when people are voting. Give people the option to be lazy or make a difference, and they'll be lazy more often than not. That is why voting is compulsory here... to ensure our Government keeps itself honest. If any Government wanted to become corrupt, the first thing you would do is make voting optional, and then wrap it neatly in some speech about rights and freedom of choice.

People need to have their say IMHO... we all affect one another nowadays, as we are a global economy. Whether people want to believe it or not, what happens in one country now affects us in our own country.
 
Voting is compulsory here...

Interesting..it should be here. voter apathy I think ranges from 40% to 60%...horrible- saying that I've never voted. Once they get it online I will. What happens if you dont vote?

I wonder how far out we are from actually having a more global democracy system in place. 100 years?
 
The first time you may get a warning, or you get a huge fine... talking hundreds of $$$. The next time the fine is definite, if not more. You may also get a warrant for court to explain. Make it a third time, and you're going to start explaining to a judge / more fines. You won't endup in jail, but our system is all interlinked in this country. If you get fines or have an overdue tax bill, unpaid child support, etc, all interlinked. They will not let you renew a license if fines are on the system elsewhere, and so forth. It can become very painful when trying to live life... just how difficult they can make it for you electronically nowadays.
 
Excellent. the more and more CAnada strives (which is sick IMHO) to be like America, the more and more I consider immigrating to Australia.
 
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