Comments by "HomerOJSimpson" (@Homer-OJ-Simpson) on "Two Cents" channel.

Though question. I lost my kidney to cancer at age 40. I’m both an example of why people should and why people shouldn’t. If my remaining kidney fails, people selling kidneys would mean more supply. But on the flip side, had I sold my kidney then got cancer in my remaining kidney, I’m in trouble
12
@wolfworks7339 and I’m pointing out “it’s way to becomes wealthy” mostly applies to people who are born upper middle class or above Bottom 20% have basically no chance. 20-40% have very low chance. Etc To become wealthy, it usually takes at least going to great school system and the way American schools systems are by being finished very locally rather than fully by the state or the federal govt means richer neighborhoods have far better schools than average middle class which have far better schools than the poor neighborhoods
7
@wolfworks7339 you fail to see the importance while you continue to say “it’s vey easy”. I think you should rephrase it as “it’s very easy to get rich if you start off life at least in upper middle income class”.
7
@wolfworks7339 I half agree with you but the US is one of the worst of developed nations for having lowest 20% become a top 20%. “Very easy” made your comment as bad as OP
4
@SV-kr9fu trump literally uses all those loopholes and sometimes goes way to far and gets charged…which is one of the criminal cases against him
2
One positive takeaway from this is that boomers are saddled with medical costs wiping out a lot of their fortune and younger generations have a chance to not be saddled with that healthcare costs in their elderly years
2
@smallsthemany Yes, but you are also ignoring lots of problems. Unions often make hiring new workers more difficult or fire terrible workers. They often make it harder for businesses to make changes and adapt to a changing environment. It seems US unions just go a bit too far many times in their demands. I support 80% of what they do but that extra 20% really turn me off on unions
2
@tigerinc7484 if you mean communism, those all turn out bad
1
@wolfworks7339 I also don’t like OP (189Blake) going the full extreme opposite end that there is nothing we can do. Arguably that’s much worse.
1
I might be one of the few that support private industry unions but not public sector unions. My problem with public sector unions is they are not negotiating with the people that pay the them..the tax payers. At least not directly. The consumer (tax payer also) doesn’t have choice in services either. this causes lots of problems in negotiations. At least in private sector, the unions negotiate directly with the people paying them so we know there is a limit to what the owner can pay. In addition, the consumer almost always has choices. If Walmart were to unionize and prices go too high or service became worse, consumers can go to target or many other options.
1
@someperson5506 IMO, the only benefit as whole I see from public sector unions is what you mentioned. I’m still against them but who knows in 10yrs? 10yrs ago I was anti private sector union and today I lean in favor of private sector unions though I still have issues them (so I don’t blindly support all private sector unions nor all decisions by unions).
1
@someperson5506 with private sector, I generally support them on issues like pay and benefits but I often find I I am terribly against them on the rigid rules (the worker will only do this task and any deviation will be difficult) they often create that allow little flexibility in manufacturing or a business operation. That flexibility is important in today’s business. And making it too difficult to fire workers is also bad. Can’t remember which Northern European countries but some of them make it easy (relative to European standards) to fire workers and lay off workers but they provide strong safety nets for those unemployed. This provides flexibility for the companies but also has a safety net for workers that they don’t really take a financial hit.
1
A huge bias flaw in the video. It mentions pensions are gone but makes no mention that it was replaced by 401k. Way to go @twocents
1
sasabnis 401k are partially paid by the company. And you can take them wherever you work. Pensions are tied to that job only. They also were a bit dishonest to not mention the 401k replaced pensions in the same moment they mentioned pensions declined. They mentioned it briefly at the end as if 401k had nothing to do with shifts away from pensions
1
One problem with almost all videos or articles discussing increase of home prices over time is that they ignore the costs of loans (mortgage rate). I saw a report showing total home prices (the sell price plus cost of mortgage) has remained mostly flat from around 1990 to 2020’s (until rates went up).
1
You hit it right on the head with two parts. I think social media & 24/7 news have made people far more pessimistic as all they see is constant bad news in the news and constant luxury lives on social media. The other part is 4:55. I’m a young gen Xer. I entered the job market out college at start of 2002 during a recession (had trouble finding a job and settled on any job) and I bought a condo in 2007 only to go through rough times 2008-2012. But one thing different between me and most millennials is that I was not consumed by social media like younger folks are. I think that helped me not be as pessimistic since I’m not constantly seeing people exaggerate their lives on social media
1