Simon

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Posts by Simon

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  44

  The Poor the Wealthy and the Middle Class

  by Simon in

  1. social
  2. current

  the poor spendthe middle-class savethe wealthy invest.

  the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.

  they blow it on useless tat.

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  Simon

  Because being wealthy does not guarantee you happiness.

  Being wealthy buys you time and energy, to focus on whatever you want. Whether the things you chose to spend those in make you happy or not depends on you and them.

  Don't own a house? Sit down with a banker (a real banker, not a mortgage broker) and work out a plan to get into a house.

  Another option now is to buy tokenized real-estate, so you can get exposure to an asset class even if you don't want to or can't purchase a property outright.
  

  The thing that stops most people is they fact that it takes twenty years or so for this to start showing significant gains. You have to be ready to play long ball, this won't show immediate results.

  Yes, and the key thing is that instead of you working for the money, the money works for you.

  It's a real pity schools are so utter crap at educating people about the few basics that are needed to dramatically improve your life chances.
  
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  68

  Help with 1975 please

  by jhine in

  1. watchtower
  2. beliefs

  i answered a question on quora about jw flip flops .

  i mentioned, amongst other things , the 1975 debacle.

  how witnesses were told that armageddon was coming in the fall of that year.

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  Simon

  I remember JWs being on the radio talking about it, and the whole family gathered round listening to it and nodding, certainly not saying "What is this rubbish? We haven't been told this?!"

  Their own figures show the "bump" they got from this teaching as, like most doomsday cults, publishing a real date once in a while can focus the minds of people who were maybe on the fence.
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  44

  The Poor the Wealthy and the Middle Class

  by Simon in

  1. social
  2. current

  the poor spendthe middle-class savethe wealthy invest.

  the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.

  they blow it on useless tat.

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  Simon

  There's a saying, that:

  The poor spend
  The middle-class save
  The wealthy invest

  The unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.

  On one hand, you have jumps in sales and valuation of companies like Foot Locker and Nike, as people spend their "free" government money on sneakers. They blow it on useless tat. It's why they will always be poor.

  You also see a reduction in debt and increase in savings as people pay off loans and save for the future. Usually these are more middle-class concerns.

  Then there is the stock market reaching record highs. The wealthiest 10% of Americans now own 89% of all US stocks, the highest level ever. The rich know that investing is the best way to generate more wealth.

  In a years time the poor will have a year-old pair of sneakers and bemoan how unfair the system is. The middle-class will imagine they are a bit further ahead because their bank account will be a bit higher (but they forget about inflation and that it is stripping the modest interest rate they are paid). The rich will have accumulated more of the income-generating assets that will make them even wealthier over the following decades.

  The irony is that the poor could have set themselves up to have a new pair of sneakers every year for a decade if they'd thought to invest the money instead of rushing to get rid of it.
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  24

  The left keeps topping its self on crazy

  by mickbobcat in

  1. social
  2. current

  https://youtu.be/ffmhcph_ops.

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  Simon

  Nobody votes for a political party based on their party platform from 150 years ago.

  Good try, but you don't have to go back that far.

  Fun facts: Not every Democrat was a member of the KKK ... but every KKK member was a democrat. They had people in congress who were openly racist beyond belief.

  They objected to all the civil rights legislation at every point, all of which was eventually passed by republicans.

  They are and always have been political opportunists and switched their agenda right at the end, when the writing was on the wall that their position was untenable in the modern world. But they really only changed how they enslave people.

  The black electorate doesn't appear to be sophisticated. The same poor thinking and decision making that consistently keeps people poor makes people easy to manipulate politically (these things go together) and coupled with a propensity for group / block voting based on the direction of "community leaders" (who become millionaires in the process) and you have an entire community of people who are perhaps the only voting block that consistently votes against their own self-interests while believing that the people they give their vote to will solve their problems ... any day now, they'll be right on it.

  I almost don't even feel sorry for them anymore, but they don't get a chance to learn and think straight because their failing schools are almost wholly run by democrat supporting unions and are really indoctrination centres.

  They just changed the definition of "plantation" and people kept picking their cotton as they were told.
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  24

  The left keeps topping its self on crazy

  by mickbobcat in

  1. social
  2. current

  https://youtu.be/ffmhcph_ops.

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  Simon

  slavery being just another form of the employer-employee relationship (and that thus the same biblical NT principles of obedience of a slave to its master apply to modern employees in regards to their employers). Note that least one of my black ancestors were slaves in the USA (when slavery was practiced in the southern USA) and I find slavery to be extremely appalling, including as depicted in the TV miniseries called "Roots" (which I watched when it first aired, and I also read the entire book called Roots [and my father, a white JW, kindly gave to me a Reader's Digest condensed version of the book, without me asking for it]);

  Seriously, this bothers you but then you vote for the party of slavery and the KKK, LOL

  What a tool.
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  18

  How many states have you ever lived in? (USA)

  by Iamallcool in

  1. jw
  2. friends

  i only have lived in 4 states!

  michigan.

  georgia.

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  Simon

  That's easy:

  Dysfunction

  Disorder

  Oh, US states ... carry on :D
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  24

  The left keeps topping its self on crazy

  by mickbobcat in

  1. social
  2. current

  https://youtu.be/ffmhcph_ops.

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  Simon

  The idea of giving half a million dollars to people who have entered the county illegally is ludicrous isn't it? Even the staunchest democrat supporter has to know this is pure bat shit crazy and like waving a flag to attract more ... which of course, is the whole point of it - your replacements will arrive shortly.

  Remember when the claim was that "the adults would be back in the room"?. What a joke. This is the most inept, incompetent and dangerous government the US has had. Who thinks they've only just got started? Things can and probably will get a lot worse yet.
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  25

  Question

  by Gorb in

  1. jw
  2. friends

  what is the probability that a religious organisation is used for money laundering?

  for example, large amounts of money are raised by the organization as a donation and then legally introduced into the financial system.

  is there any chance that jw.org is used for this kind of purpose?

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  Simon

  They gamble in stocks and shares quite hypocritically.

  Investing isn't the same as gambling, unless you are picking stocks by throwing a dart at a page for the S&P 500.

  You have far more chance of making decent returns on investments compared to gambling, where you are statistically guaranteed to loose.
  
  
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  25

  Question

  by Gorb in

  1. jw
  2. friends

  what is the probability that a religious organisation is used for money laundering?

  for example, large amounts of money are raised by the organization as a donation and then legally introduced into the financial system.

  is there any chance that jw.org is used for this kind of purpose?

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  Simon

  Who needs a religion, when you can directly get the bank to do your dirty work for you?!

  https://www.bbc.com/news/business-58826491

  The WTS makes plenty of money from free labor, donations and property deals. They have no big cash businesses that would enable them to launder money and no need to do so - the risk would far outweigh any reward for them.
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  24

  The Animal Sentience Bill - what next?

  by LoveUniHateExams in

  1. social
  2. current

  so, in the uk there was recently a bill which was nodded through parliament - the animal sentience bill - which was backed by vegan activists.. dogs, cats.

  cows, even lobsters now have been recognised to have feelings.. first of all, let me say that if you want to go vegan that's fine with me.

  we're all allowed our individual dietary choices.. but for how much longer?

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  Simon

  All words. I don't believe they are serious about anything unless and until they go after Halal meat production.

  Oh, what's that? They've gone silent? Of course they have ... can't go upsetting the Muslims now can we.

  Anyone in their right mind, whether they eat meat or not, should want animals treated humanely and never have to suffer. But this isn't the way to go about it.