Originally Posted by
LoR
Mark, this forum has a long history on this debate. And there are various “PS” here.
Sometimes mincing words, treading around the eggshells is needed.
There are those who will post about lazy PS, there are contractors here that have first hand experience with the gouging, and far far more. That’s true in any walk of life. What’s not the same is you and I have the option, of shopping somewhere else.
Imo, there no way, anyone, including some of the most highly regarded economist can drill down and say “they” are over compensated. That leaves broad brush strokes and generalities.
Consider “just” this and I will specifically name education/teachers. A good friend of mine, herself a teacher of 23 years will point out.
Most of the right forget that after Harris, a whole bunch of teachers were hired. Today, they have 20 years in and due to stupid union compensation ( salaries grids where people get nice raises just for showing up and doing their jobs). They are all “way up” there. And that’s before benefits.......
Me I don’t care much for green grass, or yellow grass arguments.
I think about millions of peons entering their 70s without anywhere near enough...being forced back into the workforce (becoming more common to see seniors working at Tim’s, Walmart, the liquor store, etc already) and the reasons why.
Stagnant wages and increasing taxation primarily. And the wall we will hit when those chickens come home to roost. I don’t know very many middle class families with $700,000 in the bank ( for 1 person).We can also see early signs of the trouble in the rise of populism.
Don’t much care what anyone makes. Be they a teacher or cab driver. If they work hard and make 100k. “Good for them”.
But anything, be it a house, a car, a widget, a person in a job.Is only “worth” what the buyer can afford. In this case, the tax base. That large percentage of the population ( pyramid).
Back to Ford and his “cuts”.
At the end of it all. We are still running deficits ( he’s spending as much as he cuts) and will. With only a typical political promise......
Meanwhile, that wall, like the climate changing is getting ever so closer.
And even when they balance the budget, if they ever do. Debt to GDP is still an albatross.