Home Depot's co-founder says the rise of 'socialism' is making people too lazy, fat and stupid to wo

So what? Cut supply, increase demand, prices rise, profits go up. It’s not a conspiracy. It’s economics.

 

Because your approval means everything to us. I'm gonna go cry now.

 

I didn’t realize you had stopped crying

 

Shame on Biden

 

As far as effort, like I said, in the military you largely get paid the same as the next guy, yet there is plenty of other incentive to work hard.

Anyways, this went over your head. I’m not talking about individual performance at work when I say working themselves to death. I’m talking about working too many hours or multiple jobs just to make ends meet.

 

Yes, it was ignored because without the government liquidity those profits wouldn’t have been increasing

 

I do

 

You are correct.

Now, Why do you think the bean counter’s math worked? A lower discount rate in the business case calculations give a better return. Better return brings more investment.

So they could basically borrow free money to buy up massive amounts of real estate that they can now rent out at positive cash flows and ridiculous profit. They flip the less desirable properties to get all of their own investment back out. All legal, damn smart, and all possible because government intervened and and made it possible. Just like the housing bust.

 

World-wide inflation with COVID averaged around 8%. US inflation hit right around the average. The stimulus likely added to the inflation numbers, but the money also helped a lot of families stay afloat during the worst global pandemic in over a century. There is no winning during a global pandemic. Only mitigation and hope.

As for immigrants, they are, for the most part, a commodity. We should allow for supply to meet demand with a guest worker program. We haven't had anything like this since the Bracero Program ended in 1964. The result is we had over 1 million undocumented immigrants apply for asylum under Reagan, and today, about 8 million currently in our work force.

And not all of them work under-the-table for no taxes. Undocumented immigrants can file income taxes under an ITIN, and in 2019, over 2 million people filed income tax returns with an ITIN. Yes, enforcing all immigrants to work legally and pay taxes might result in some inflation, but still better than the alternative. Which is what Florida is now experience, as they didn't learn from Alabama, Georgia, and Arizona. Immigration shortages also drive inflation, and at a greater rate than increasing wages to make sure they are all getting legal pay.

Last, if you are worried about having too many immigrants during the next recession, that shouldn't be a concern. No supply of jobs, and many immigrants will return home. Happened during the last recession, and between 2009 and 2014, there was a net negative of nearly 150,000 immigrants from Mexico alone. Labor, like most markets, generally self regulate.

 

What were profit margins?

 

Wut?

 

I don't know if he's including people who aren't working at all. But from what I can tell, Americans work more hours than employees in other developed countries. If Americans are lazy, I'm not sure who he's comparing us to. Guys who make billions and keep working way past when most people would retire seem to have an addiction to work and think everybody else should to. Good for them, but that's not what everybody wants to do with their limited time on Earth.

 

It is extremely important. And you will understand why when you need something done properly and the right way.

 

There is actually a lot to agree with here. Unfortunately we have an open border policy instead of a common sense work policy to help. With that said...a lot can be fixed when you do not make it so easy to live a first world lifestyle on the backs of others.

 

We had hired a company to rebuild our dock. Local guy with great reputation. I had used him for some minor work on the old dock. Unfortunately Covid and the hurricanes really messed his business up. It got to a point that I ate my down payment which was not much and he did do a minor fix to get us to the rebuild so it was even less of a hit from that standpoint (told going to be 12-14 months was turning into 24 months plus with communication worsening). Needless to say we switched to another local dock company and in less than 3 months we will be getting final inspection done as soon as it is set up as the dock is done. One of the reasons why the new company is killing it...he takes care of his employees. He mentioned this to me. And my father in law has confirmed this as he has been at the house to keep an eye on the project for us and chatted with the guys working.

That said...it is hard work and what hurt the original company was the ability to keep good dependable labor. It is tough out there. For us as well!

 

Makes good political theater, but is simply nonsense.

 

I agree with you on Keynes, and how his POV has been mischaracterized.

Mr. Kruger saw opportunity in Keynes viewpoint and built a company around it.

 

I agree with your description of Germany, but their economic situation has substantially different than ours for decades. The benefits of their situation have enabled much of it. Not knocking what they have done. They could have just as easily looked at the ACD or LCD and aimed there, but they aimed higher.

 

To the blind, yes.

Meanwhile, the Publix heiress who helped to fund 1/6 is reaping the benefits of $9 12 packs of Coke.