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[deleted] 04/20/24 11:01:53 AM #42: |
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WingsOfGood 04/20/24 11:09:53 AM #1: |
https://gamefaqs.gamespot.com/a/forum/0/0543f14c.jpg Reaganomics really messed everything up. Reagan proposed a phased 30% tax cut for the first three years of his Presidency. The bulk of the cut would be concentrated at the upper income levels. The economic theory behind the wisdom of such a plan was called supply-side or trickle-down economics.https://www.ushistory.org/us/59b.asp Turns out the rich having more money because they are taxed less they just buy up all the houses and now you don't have a house. Trickle Trickle spray ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:19:59 AM #2: |
The results of this plan were mixed. Initially, the Federal Reserve Board believed the tax cut would re-ignite inflation and raise interest rates. This sparked a deep recession in 1981 and 1982. The high interest rates caused the value of the dollar to rise on the international exchange market, making American goods more expensive abroad. As a result, exports decreased while imports increased. Eventually, the economy stabilized in 1983, and the remaining years of Reagan's administration showed national growth. Fed reserve is kind smart. Not everything they do is amazing but they knew. ... Copied to Clipboard!
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NPC 04/20/24 11:21:22 AM #3: |
Don't believe everything you read online https://gamefaqs.gamespot.com/a/forum/0/01f2dfc9.jpg ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:22:22 AM #4: |
NPC posted... Don't believe everything you read online ah yes, boomers, the epitome of knowing how much $20 was worth in bygone years as they murmur "Reagan was the greatest president of all", maybe not all but feels like a lot ... Copied to Clipboard!
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DoesntMatter 04/20/24 11:22:30 AM #5: |
important to note that while Reagan was the figurehead in office while these disastrous policies were implemented, they weren't his idea. he was put in office and given his whole entire playbook by the Heritage Foundation, the same conservative political advocacy group who is currently spearheading Project 2025.
--- It don't matter. None of this matters. he/him ... Copied to Clipboard!
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Southernfatman 04/20/24 11:23:09 AM #6: |
It's an exaggeration, but the point still stands.
--- Fix your hearts or die. When I sin I sin real good. ... Copied to Clipboard!
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NPC 04/20/24 11:23:14 AM #7: |
WingsOfGood posted... ah yes, boomers, the epitome of knowing how much $20 was worth in bygone years as they murmur "Reagan was the greatest president of all"The person who made the meme said that they made it up and didn't know the prices of things ... Copied to Clipboard!
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Tyranthraxus 04/20/24 11:23:42 AM #8: |
WingsOfGood posted...
Reaganomics really messed everything up. Not that (the photo) bad. Lots of us here were around in 80s and you couldn't even get half that cart for $20. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:25:26 AM #9: |
DoesntMatter posted... important to note that while Reagan was the figurehead in office while these disastrous policies were implemented, they weren't his idea. he was put in office and given his whole entire playbook by the Heritage Foundation, the same conservative political advocacy group who is currently spearheading Project 2025. Thanks for that note. Interesting https://www.washingtonpost.com/opinions/2022/09/15/heritage-foundation-republican-foreign-policy/ ... Copied to Clipboard!
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CARRRNE_ASADA 04/20/24 11:28:01 AM #10: |
I think its safe to assume that ISNT 20 bucks worth of food. But 40ish sounds more likely.
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WingsOfGood 04/20/24 11:28:31 AM #11: |
Tyranthraxus posted... Not that (the photo) bad. $20 in 1980 = $79.99 in 2024 https://www.amortization.org/inflation/amount.php?amount=20 Milk in 1980 from google A half-gallon of milk cost $1.09 circa 1985, according to the U.S. Bureau of Labor Statistics. https://www.thepeoplehistory.com/80sfood.html
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1337toothbrush 04/20/24 11:29:36 AM #12: |
NPC posted...
Don't believe everything you read onlineIt's obviously exaggerated for effect, but it's true that houses were cheaper when compared to income and that groceries were cheaper as well. Hell, even just the period before the pandemic and after the pandemic showed major and obvious price increases and not just coincidentally, trump had given huge tax cuts and lots of money to rich people. It's just pure naked greed. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg ... Copied to Clipboard!
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Trumpo 04/20/24 11:30:07 AM #13: |
That's more like $50 worth
--- Lancool II | Z690 Tomahawk |12700K | Fuma 2 | RTX 3070Ti | 16GB 3600MHz | FireCuda 530 1TB | Inland NVMe 1TB | RM750x ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:31:39 AM #14: |
A lot of those items barely cost a dollar. Count how many are in the cart. I see only 15 items Maybe if you imply there is more buried beneath but it really seems like $20 is accurate or very close ... Copied to Clipboard!
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Tyranthraxus 04/20/24 11:41:25 AM #15: |
WingsOfGood posted...
A lot of those items barely cost a dollar. Count how many are in the cart. WingsOfGood posted... $20 in 1980 = $79.99 in 2024 Milk is one of the cheapest commodities available. A gallon of milk today is $3. And no most of that shit there isn't a dollar. Again we grew up with dollar stores where everything in it actually was a dollar and none of that shit was there. When's the last time you've gone shopping? Did you spend $80 or more? Did your cart look as full as that? In the late 80s a completely full shopping cart like that would run you between $70-$90 depending on what was in it. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg ... Copied to Clipboard!
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chrono625 04/20/24 11:43:00 AM #16: |
WingsOfGood posted...
A lot of those items barely cost a dollar. Count how many are in the cart.My man, you need glasses. even in a bullshit photo, there is definitely more than 15 items. Because as you said, there is implication there are more items buried and you cant even see the entire cart. --- http://i.imgur.com/Rqk1DYV.gif - Super Bowl XXI/XXV/XLII/XLVI Champions - NY Giants Eli Manning SB tracker: 2/2 Superbowls 2/2 SBMVP's ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:43:20 AM #17: |
Let's break it down for the doubters. Info all sourced from google search: The average price of 18 ounces of Kellogg's Corn Flakes in the 1980s was $1.38 pasta https://www.upi.com/Archives/1980/10/07/Pasta-Price-jumps-but-still-a-nutritional-bargain/2425339739200/ In New York City, for example, the price of a pound of spaghetti rose from 49 cents in November last year to 69 cents in September 1980. A pound of noodles, 65 cents six months ago, was 95 cents in September in area stores. Hard to believe? It sure is. But that cart is stuffed with things costing barely a dollar ... Copied to Clipboard!
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Guide 04/20/24 11:44:33 AM #18: |
Tyranthraxus posted...
A gallon of milk today is $3 Here in north NJ it breaches $5, it super sucks. --- evening main 2.4356848e+91 https://youtu.be/Acn5IptKWQU ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:46:12 AM #19: |
See in her cart she has the 6 pack bottle of something? Is it soda? Is it water? GUESS WHAT How much did a can of Coke cost in 1980? In the early 1980's A 16 oz glass bottle was 25 cents. There was a 10 cent deposit on the bottle, so you had to bring in an empty or the Coke cost 35 cents Probably hard to realize they were THAT cheap back then huh? Yes. Seeing how a bottle of Soda can cost $2 today Imagine it being a quarter ... Copied to Clipboard!
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DirkDiggles 04/20/24 11:53:05 AM #20: |
WingsOfGood posted...
See in her cart she has the 6 pack bottle of something? That 6-pack is Pepsi. I recognize that logo anywhere. --- Intel 486, Integrated videocard, 16MB RAM, 64MB HD, 3 1/4 inch floppy ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:53:57 AM #21: |
good article https://www.thedailymeal.com/eat/what-dollar-bought-year-you-were-born-gallery/ around 1980 a dollar could buy 2 packages of spaghetti a jar of peanut butter 5 lbs of onions 3 lbs of banana package of keebler crackers NOW onto the Kraft box in her cart in the image: 25 cents https://gamefaqs.gamespot.com/a/forum/6/6ccd4c60.jpg til kraft mac and cheese debuted at the price of 19 cents now maybe it wasn't 25 cents but this pic suggests it was, maybe this was extra large? ok 50 cents UNDER A DOLLAR for that huge thing ... Copied to Clipboard!
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Tyranthraxus 04/20/24 11:53:58 AM #22: |
DirkDiggles posted...
That 6-pack is Pepsi. I recognize that logo anywhere.It's not a 6 pack. That is either a 3-pack or 4-pack of 2 liter bottles. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:54:46 AM #23: |
DirkDiggles posted... That 6-pack is Pepsi. I recognize that logo anywhere. so likely a quarter per bottle and in actuality even cheaper as grocer would have deals going like they do today or she have coupons ... Copied to Clipboard!
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WingsOfGood 04/20/24 11:55:10 AM #24: |
Tyranthraxus posted... It's not a 6 pack. That is either a 3-pack or 4-pack of 2 liter bottles. Even better that means that one item taking much space is under a dollar!!! ... Copied to Clipboard!
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Trumpo 04/20/24 12:18:12 PM #25: |
How that GME
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WingsOfGood 04/20/24 12:24:20 PM #26: |
Trumpo posted... Strange that you cannot refute the research I did and try to change the subject. Why would you do this? The fact of the matter is the more it is looked into the more the picture in the OP seems to be confirmed that INDEED $20 did infact buy all that stuff. Multiple items under a dollar. Some even just 50 cents or LESS. Reagan really did a number on this country. https://gamefaqs.gamespot.com/a/forum/0/0543f14c.jpg ... Copied to Clipboard!
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aarrgus 04/20/24 12:26:48 PM #27: |
People are focusing on a lot of other things in the cart, but the coffee alone would be around $4.
--- Last night I was lying in bed, staring at the stars, and I wondered... Where the **** is my roof? ... Copied to Clipboard!
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Oderus_Urungus 04/20/24 12:29:43 PM #28: |
That particular mac & cheese ran from 1967-1976.
--- If you can't say something nice, go ahead. ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:31:23 PM #29: |
aarrgus posted... People are focusing on a lot of other things in the cart, but the coffee alone would be around $4. Which item is coffee? Give me the brand and the estimated ounces\lbs and I will find the price. ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:31:54 PM #30: |
Oderus_Urungus posted... That particular mac & cheese ran from 1967-1976. Then it would have been REALLY cheap in 1980 CLEARANCE DEALS BABY ... Copied to Clipboard!
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RetuenOfDevsman 04/20/24 12:32:42 PM #31: |
Cool, now tell us how much she got paid.
--- There's a difference between canon and not-stupid. ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:33:38 PM #32: |
RetuenOfDevsman posted... Cool, now tell us how much she got paid. Most likely was a stay at home mom while her husband had a barely average job which MORE than paid for their house, cars, kids and everything in between. No sign of struggle. ... Copied to Clipboard!
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ellis123 04/20/24 12:35:09 PM #33: |
aarrgus posted...
People are focusing on a lot of other things in the cart, but the coffee alone would be around $4.The price on that coffee was reduced two years prior down to $2.93 according to The Washington Post. After which I found nothing that suggested that the price changed in the following two years. --- "A shouted order to do something of dubious morality with an unpredictable outcome? Thweeet!" My FC is in my profile. ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:36:21 PM #34: |
Basically 1980 was before the typical job was gutted by insane capitalism: https://www.amazon.com/Man-Who-Broke-Capitalism-America_and/dp/198217644X In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welchs achievements didnt stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GEs stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. ... Copied to Clipboard!
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RetuenOfDevsman 04/20/24 12:39:16 PM #35: |
WingsOfGood posted...
Most likely was a stay at home mom while her husband had a barely average job which MORE than paid for their house, cars, kids and everything in between. No sign of struggle.Plenty of made up numbers when it's convenient. Vague SHE DIDN'T HAVE TO WORK AND HER HUSBAND MADE PLENTY SHUT UP when it's not. You might as well have rolled with it and said a hundred an hour as a receptionist. --- There's a difference between canon and not-stupid. ... Copied to Clipboard!
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Justin2Krelian 04/20/24 12:40:25 PM #36: |
WingsOfGood posted...
$20 in 1980 = $79.99 in 2024 If you're talking about inflation, I'm not sure that argument really works against Reagan. Inflation went way down when he was in office and stayed pretty good until recently. Granted, that was possibly because of Paul Volker, who was appointed by Carter... Also, there were still problems in the 70s, even if Reaganomics made things worse. From what I've heard, the late 40s-60s were the more prosperous period. --- -J2K Currently Streaming: Evil, Shogun, Avatar TLA, Homeland, Star Trek: Discovery ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:41:25 PM #37: |
RetuenOfDevsman posted... Plenty of made up numbers when it's convenient. Numbers aren't made up. You can look it up yourself. This info came from simple googles. And yes the typical family in 1980 was stay at home mom with husband MORE than making up for the finances. ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:43:25 PM #38: |
Justin2Krelian posted... If you're talking about inflation, I'm not sure that argument really works against Reagan. Inflation went way down when he was in office and stayed pretty good until recently. From article in second post: The results of this plan were mixed. Initially, the Federal Reserve Board believed the tax cut would re-ignite inflation and raise interest rates. This sparked a deep recession in 1981 and 1982. The high interest rates caused the value of the dollar to rise on the international exchange market, making American goods more expensive abroad. As a result, exports decreased while imports increased. Eventually, the economy stabilized in 1983, and the remaining years of Reagan's administration showed national growth. That last line. Came at a huge price. What do you believe article is meaning? ... Copied to Clipboard!
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ssjevot 04/20/24 12:54:07 PM #39: |
WingsOfGood posted...
Numbers aren't made up. You can look it up yourself. My parents in the 1980s born worked and we were still poor as shit. https://www.census.gov/library/publications/1982/demo/p60-132.html That says real incomes were declining as well. I don't know what you think the 1980s was like, but I certainly don't remember my dad making tons of money while my mom bought piles of groceries. https://www.bls.gov/opub/mlr/2002/05/art2full.pdf 52% of women were working. It was 56.8% in 2022. So not that different than today. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard!
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WingsOfGood 04/20/24 12:59:10 PM #40: |
ssjevot posted... My parents in the 1980s born worked and we were still poor as shit. anecdotally that may be true but all I am doing is finding the price in 1980 from the item in the picture and it is looking realistic therefore if it turns out $20 bought all that grocery in 1980, that becomes an objective fact your experience that your parents didn't bring home that much grocery is then a subjective fact and why is not because of reasons realted to $20 buying that much grocery but noted about the 52% of women working thing ... Copied to Clipboard!
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ssjevot 04/20/24 1:08:30 PM #41: |
WingsOfGood posted...
anecdotally that may be true Dude I am talking about the blatant lie you pushed that most families were a husband working and a wife not working when the reality is the percent of women working is barely different than it is now (which is to say the majority were working). You are creating some idealized 1980s where a man brings home big money to his stay at home wife that didn't exist. That's not what most people experienced, and that isn't an anecdote, it is a fact that most women were working. I don't care about the groceries because the guy who made the image already said he just made it up. Also you ignored that families were making less in the 1980s than the 1970s, which was from US census data I posted. I don't know what agenda you're trying to push, but it's not the reality of what happened. The 1980 median family income of $21,020 was 7.3 percent higher than the 1979 median, however, a 13.5-percent increase in consumer prices between 1979 and 1980 caused a net decline of 5.5 percent in real median family income. The sluggishness of real income growth during the last decade (figure 1) is evidenced by the fact that 1980 median family income was about $1,330 lower than the 1973 median ($22,350) in constant dollars --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard!
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WingsOfGood 04/20/24 1:33:43 PM #43: |
ssjevot posted... Perhaps I was wrong about the stay at home mom part but overall the point is the difference then and now. Even with recessions in the early 80s the buying power as seen in the photo proven by objective fact (did you look up the prices to counter me? no because I am right as I looked them up) the buying power was higher there is a reason today people forego having kids https://www.census.gov/library/publications/1991/demo/sb91-09.html
Point of picture. $20 bought all that. And she went home with all that to her cheap home that statistically her family owned. ... Copied to Clipboard!
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ssjevot 04/20/24 1:38:25 PM #44: |
WingsOfGood posted...
there is a reason today people forego having kids This is objectively wrong as well. The richer and more educated a population becomes the lower the fertility rate. This is true across the world. Additionally even today in America the people with the lowest incomes have the highest fertility rates. You are someone interested in pushing an agenda pretending to be interested in facts. https://www.statista.com/statistics/241530/birth-rate-by-family-income-in-the-us/ --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard!
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ssjevot 04/20/24 1:40:30 PM #45: |
WingsOfGood posted...
The 1989 U.S. homeownership rate was 64 percent; in 1980, 66 percent owned their own homes. So about the same as today? https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/ However, in 2023 the proportion of households occupied by owners declined to 65.7 percent --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard!
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WingsOfGood 04/20/24 1:44:22 PM #46: |
ssjevot posted... This is objectively wrong as well. The richer and more educated a population becomes the lower the fertility rate. This is true across the world. Additionally even today in America the people with the lowest incomes have the highest fertility rates. You are someone interested in pushing an agenda pretending to be interested in facts. he mumbles "pushing an agenda" while he looks up facts to itch his bias smh like it is all over both sides on the media for awhile how birth rates are in decline and millenials and gens after them are foregoing having kids.... yet you claim that isn't true? that is......... weird https://www.pewresearch.org/short-read/2021/05/07/with-a-potential-baby-bust-on-the-horizon-key-facts-about-fertility-in-the-u-s-before-the-pandemic/ The general fertility rate in the U.S. was already at a record low before the COVID-19 pandemic began. In 2019, there were 58.3 births for every 1,000 women ages 15 to 44 in the U.S., down from 59.1 in 2018, making it the fifth consecutive year in which the fertility rate declined. A variety of factors have driven down the rate, including a decline in birth rates among women 34 and younger. The decrease also likely reflects the lingering effects of the Great Recession, as well as longer-term demographic changes such as increased educational attainment among women and delays in marriage. ... Copied to Clipboard!
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L0Z 04/20/24 1:45:03 PM #47: |
WingsOfGood posted... https://gamefaqs.gamespot.com/a/forum/0/0543f14c.jpg just make it unconstitutional for corporations to own residential properties with the stipulation that violations of that ammendment grant the federal government the ability to seize all corporate assets ... Copied to Clipboard!
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WingsOfGood 04/20/24 1:47:11 PM #48: |
https://www.pewresearch.org/short-read/2021/11/19/growing-share-of-childless-adults-in-u-s-dont-expect-to-ever-have-children/ Growing share of childless adults in U.S. dont expect to ever have children https://www.fox32chicago.com/news/more-us-adults-opting-to-never-have-children-pew-survey-finds More and more adults in the United States are opting to never have children, which could lead to a potential "baby bust" in the future, according to a recent survey conducted by the Pew Research Center. ... Copied to Clipboard!
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ssjevot 04/20/24 1:49:53 PM #49: |
Birth rates are declining everywhere. I literally posted data showing the poorer you are, the more kids you have. You tried to claim people aren't having kids because they can't afford them. That's the opposite of what the data shows. You want to believe the 80s was some utopia from a propaganda movie or something. It's ridiculous. The data is there and I lived through it myself. There was a reason the US media fear mongered about Japan taking over. US median income was already behind many European countries and then Japan overtook it in the 80s and the US didn't overtake Japan in median income again until the 2000s. People literally murdered a random Chinese guy because they thought he was Japanese. This was not some utopia. People were losing their jobs and pissed off at the world.
--- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard!
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Hyena_Of_Ice 04/20/24 1:51:47 PM #50: |
Yeah, I was born in the 80's, and that's definitely not 20 USD worth of groceries in 1980. 1950's is more like it. ""How much did a can of Coke cost in 1980? In the early 1980's A 16 oz glass bottle was 25 cents. "" Probably hard to realize they were THAT cheap back then huh? Yes. Seeing how a bottle of Soda can cost $2 today 1,50 to 2 USD is about what the average 2-liter cost in the late 90's. The OP, even if it WERE accurate, raw price/inflationary differences are an utter moot point anyway since the important factor is median income relative to inflation. For example, in 2015, the median income was around 60k, while the median income in 1994, adjusted for 2015's inflation, was 88k. In addition, bear in mind that the cost of healthcare and secondary education have risen far in excess of inflation. IOW, adjusted for inflation, not only are Americans making far less than they used to, but they have far less purchasing power. This rule goes for foreign countries as well in discussions about human rights. The equivalent of a $10 USD fine for littering in India might not sound that bad to westerners, but the ruble is far weaker than the dollar, and in reality 10 USD is more than what some Indian citizens make in a year. In order to determine the actual cost/justness of such a fine, you would first need to determine what the median income is, and what the lowest income bracket tends to be. ssjevot posted... This is objectively wrong as well. The richer and more educated a population becomes the lower the fertility rate. This is true across the world. Additionally even today in America the people with the lowest incomes have the highest fertility rates. You are someone interested in pushing an agenda pretending to be interested in facts. I'd like to remind everyone that there is a difference between a population's fertility rate and the natural population change. The former is based on the number of children per woman or couple in an area. The latter is the number of deaths vs births in a community. Non-farming rural areas in the rust and coal belts will have average national white fertility rates, but the natural population change will be deep into the negative since most of the young people raised in these communities will move to the suburbs or cities (or to rural areas that aren't in decline) while the remaining population consists of middle-aged and elderly residents who are past their fertile years. ... Copied to Clipboard!
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