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   Sean O (seanongley@noagendasocial.com)'s status on Saturday, 14-Oct-2023 23:55:51 JST Sean O

   • Furgar

   @furgar Also in the 1950's: Honey, I made $10K this year, we're upper class now. The IRS: I'll be taking $4,000 of that, thank you!

   • Embed this notice
     Sir² Morgan (mh@noagendasocial.com)'s status on Saturday, 14-Oct-2023 23:55:47 JST Sir² Morgan

     in reply to

     • Furgar
     • GreyKnight33 [TX]

     @greyknight33 @seanongley @furgar I find there's a direct correlation between understanding why houses aren't the same price as they were 75 years ago and being able to afford to buy a house

   • Embed this notice
     GreyKnight33 [TX] (greyknight33@noagendasocial.com)'s status on Saturday, 14-Oct-2023 23:55:48 JST GreyKnight33 [TX]

     in reply to

     • Furgar

     @seanongley @furgar yeah and its better today 🤪

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     GreyKnight33 [TX] (greyknight33@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:07:06 JST GreyKnight33 [TX]

     in reply to

     • Furgar
     • Sir² Morgan

     @mh @seanongley @furgar i bet 1971 has something to do with it.

   • Embed this notice
     Sean O (seanongley@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:34:44 JST Sean O

     in reply to

     • Furgar
     • GreyKnight33 [TX]
     • Sir² Morgan

     @mh @greyknight33 @furgar Well, a good salary in 1955 was roughly 2:1 against a good house. So $5k salary buys $10k house. Today, in a city like Cleveland you can work a $50k job and buy a $200k house easily. 4:1 is a substantially greater burden. In California, $80k is a good salary though most make 50, and a home is $500k. 10:1 is absurd.

   • Embed this notice
     Sir² Morgan (mh@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:38:45 JST Sir² Morgan

     in reply to

     • Furgar
     • GreyKnight33 [TX]

     @greyknight33 @seanongley @furgar there's no question that salaries haven't kept pace with inflation I agree with you there, but unfortunately that has little bearing on the material cost of a house. in fact, if salaries were keeping pace across the board, all other things being equal, the houses would be even MORE expensive. inflation vs salaries is somewhat of a catch-22 I'd say

   • Embed this notice
     GreyKnight33 [TX] (greyknight33@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:38:46 JST GreyKnight33 [TX]

     in reply to

     • Furgar
     • Sir² Morgan

     @seanongley @mh @furgar 💯

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     Sir² Morgan (mh@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:40:31 JST Sir² Morgan

     in reply to

     • Furgar
     • GreyKnight33 [TX]

     @greyknight33 @seanongley @furgar and I say this as someone who just bought my first house 3 years ago, and yeah it was at roughly the 4:1 ratio you mentioned :/

   • Embed this notice
     GreyKnight33 [TX] (greyknight33@noagendasocial.com)'s status on Sunday, 15-Oct-2023 00:46:32 JST GreyKnight33 [TX]

     in reply to

     • Furgar
     • Sir² Morgan

     @mh @seanongley @furgar true and false. true because you are correct that the houses would have gone up in value. false because it would have been in proportion of your wages so the ratio would have been the same.

     its assessing GDP and one's ownership of production. the amount of production is measured with dollars but if one inflates the money supply, that denomination changes. its no big deal but those extra dollars are squandered so your ownership of production goes down.

   • Embed this notice
     Sean O (seanongley@noagendasocial.com)'s status on Sunday, 15-Oct-2023 02:59:53 JST Sean O

     in reply to

     • Furgar
     • GreyKnight33 [TX]
     • Sir² Morgan

     @mh @greyknight33 @furgar Well... salaries have outpaced inflation in the top class of earners. Even Horowitz was complaining that these salaries are out of control. 1950's tax rates disincentivized massive pay disparities. The mechanism worked and redistributed wealth pretty well and this socialist utopia isn't acknowledged enough. I'd still ban federal tax if I could. However, Civilization does depend on some mechanism to redistribute wealth and provide a means to become wealthy.