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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: studdog who wrote (96799)	11/30/2012 1:48:41 PM
From: THE ANT	Respond to of 217549

In Brazil it was the other way around.The 0.5% were hand in hand with the 29.5% right below them.They killed the productive group but the 70% minimum wage workers paid the price.The 29.5% were paid to not produce and when the economy fell the 30% at the top used inflation to drop minimum wage from $400 a month to $35 a month with 30% a month inflation ,to maintain their life style.This only worked as the 70% at the bottom were uneducated,culturally used to be at the bottom,and those that should have lead the Civil War earlier paid off [see attached--It even created a special 20 year 100% of salary retirement program for high risk fields that included journalists and University professors(I wonder why?)] Also the above process began with a relatively healthy Brazil that had grown more than any other country from 1900-1978 (8% a year).When minimum wage hit $35 a month a silent civil war was going on in Brazil and only this caused change Message 21108477 In the Brazil of now, the 70% are hand in hand with the 0.5% and the 29.5% is not much worse off, but now works for a living (pulls the wagon).Minimum wage is up 10X and the 70% much better off.At some point soon Brazil must stop coddling the lower 70% and keep up the rewards to the smart and hard working.The poor are being educated and the prior 0.5%/19.5% arraingment will never return.Brazil was so inefficient 20 years ago that everybody gained by the changes (except again the 19.5% have to work and mostly cant have maids as their relative position to the poor fell) In the US all must give/lose in the new arraingment.First,we started from a point well above our means due to the credit bubble and the pie at minimum will not grow much for 10-20 years.Next,the 0.5% at the top are not that bright,not that hard working,and in the spot light of those like us on this board who are smarter,harder working but for the time being not as powerful.The 19.5% will pay more in taxes, but what they give is limited as you cant kill the goose that lays the golden egg or you get Brazil of 30 years ago.The bottom 80% will give up a lot: later retirement,medicare will no longer be the most expensive care in the world, and taxes will go up on them--In my hope a VAT tax on all with end of SS taxes.The IRS estimates that Schedule C companies report only 51% of their gross income..Many of those in the 50-80% are plumbers,bricklayers,lawyers,etc making a lot more than they look and paying almost nothing