SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (42)9/26/2000 4:42:45 PM
From: KailuaBoyRead Replies (1) | Respond to of 24758
 
Grace,

That report won't stop the politicians from shaking down the top 10% and the middle 80% so that they can appear to help the bottom 10%.

You end up with what is known as The Struthers Effect. Display pictures of people who are truly in dire straights so that institutions can be set up to help them. The institutions quickly move from assisting the poor to protecting the existence of the institution. The result is that the person in front of the camera gets larger and larger and the people behind them get smaller and smaller.

The head of Catholic Charities out here was recently written up in the paper for misuse of funds. He went to the best restaurants in town on a regular basis (by himself) and charged it to the charity. In addition, he had plastic surgery done and charged it to the charity. I think his salary was ~170,000/year. He didn't see anything wrong with that.

What's wrong is this. My child's babysitter is a 60 something Columbian woman who has run various businesses (coffee shop, fabric shop) in the bay area. She's been giving what money she can to Catholic Charities for years. At one point she was having a hard time and needed some help with her rent for one month. She went to them and they told her to pound salt because she wasn't a drug addict, didn't have kids and wasn't on welfare. Then this story comes out about the guy running the fund. Can you imagine how fast the Spanish was flowing when I asked her how she was doing?

Anyway, I'm convinced that most government programs professing to help the poor actually guarantee that those people unfortunate enough to qualify never leave that situation.

KB



To: GraceZ who wrote (42)9/26/2000 6:58:31 PM
From: AhdaRespond to of 24758
 
i hate to respond to this first off we are at full employment and we could say this means two people working and average base of 20,000 per person per year.
I am unable to view this as the whole nation i am blinded by what i am seeing here.
Restaurant workers are drawing six an hour. Child care is averaging over five hundred a month up pending on the pre school.
Cripe my sons girlfriend's stipend is almost 35,OOO per year . I see too clearly within less educated area's more working poor.