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 Post subject: Re:
PostPosted: Wed Sep 22, 2010 11:38 am 
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RangerDave wrote:
Yeah, I'm completely with Talya on this. The few things I like enough to enjoy doing them for 1/3 of my waking life are not generally profit-generating activities, and hence not things anyone is going to pay me to do. If I could "retire" from income-generating work now and live off investments, I'd be more than happy to do so. Alternatively, getting paid to sit in a rubber room all day would be fine too, as long as I was free to spend that time reading, surfing, writing, gaming, etc., and the person paying me was happy to do so, not begrudgingly forced into it.


+1

Additionally, from my perspective the fact that I don't have to worry about the cost/benefit of my time while doing "fun" things is part of what makes them fun. Sure there are probably some things that I enjoy doing that I could make a living at, but I'd be taking a HUGE pay cut and would like tarnish the fun that I have with those things.


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PostPosted: Wed Sep 22, 2010 11:43 am 
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Aizle wrote:
Additionally, from my perspective the fact that I don't have to worry about the cost/benefit of my time while doing "fun" things is part of what makes them fun. Sure there are probably some things that I enjoy doing that I could make a living at, but I'd be taking a HUGE pay cut and would like tarnish the fun that I have with those things.


Yeah, I was trying to figure out how to explain this, myself, because the moment something that is otherwise fun becomes a responsibility or an obligation, it quickly stops being fun.

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PostPosted: Wed Sep 22, 2010 11:56 am 
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Yeah, ok. Fair enough.

But... F that. If I'm not enjoying what I'm doing, and being perpetually challenged, I get bored and move on.

I cannot stand being bored or disintrested.


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PostPosted: Wed Sep 22, 2010 12:53 pm 
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Arathain Kelvar wrote:
Yeah, ok. Fair enough.

But... F that. If I'm not enjoying what I'm doing, and being perpetually challenged, I get bored and move on.

I cannot stand being bored or disintrested.


I'm the same way. And I suspect that so are Talya and RD. There are elements of my job that I enjoy doing, although right now I'm not being challenged much. But the specifics of my job are not something that I'd just go do for "fun".


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PostPosted: Wed Sep 22, 2010 1:14 pm 
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I'd find something to do all day for 80k a year. I wouldn't get bored, and I wouldn't be bothered by having no "accomplishments." Especially given that I could be retired by 52 after 30 years of work, gaining a big fat check for being retired and doing nothing.

Make all your accomplishments after you're 52 and you win Arathain's argument and Talya's.

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PostPosted: Wed Sep 22, 2010 2:19 pm 
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DFK! wrote:
I'd find something to do all day for 80k a year. I wouldn't get bored, and I wouldn't be bothered by having no "accomplishments." Especially given that I could be retired by 52 after 30 years of work, gaining a big fat check for being retired and doing nothing.

Make all your accomplishments after you're 52 and you win Arathain's argument and Talya's.


I make 100k and I'm not going to be able to retire at 52....

80k isn't all that much....

I guess it's worth noting that the value for sitting around all day is less than I make now. Would I sit around all day for $200k? Maybe. For a little while.


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PostPosted: Wed Sep 22, 2010 2:47 pm 
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Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.

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PostPosted: Wed Sep 22, 2010 2:58 pm 
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Kaffis Mark V wrote:
Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.

Pensions are their own money. It may or may not have been prudent for companies/governments to sign contracts for such generous pensions, but the fact is they did, and the employees/retirees now have a contractual property right to those pension benefits that's every bit as legitimate and binding as any other contractual property right.


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PostPosted: Wed Sep 22, 2010 3:13 pm 
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RangerDave wrote:
Kaffis Mark V wrote:
Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.

Pensions are their own money. It may or may not have been prudent for companies/governments to sign contracts for such generous pensions, but the fact is they did, and the employees/retirees now have a contractual property right to those pension benefits that's every bit as legitimate and binding as any other contractual property right.


Be that as it may, it is not likely included in the 80k salary figure that's being bandied about here. Perhaps when their pension is worked into it, they have an equivalent significantly higher than 80k.

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But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me

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PostPosted: Wed Sep 22, 2010 3:45 pm 
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Exactly, Taly. I didn't mean to imply that the pension somehow didn't belong to the retirees, merely that it was not derivative of any money that they ever spent out of their salary.

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PostPosted: Wed Sep 22, 2010 4:02 pm 
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Yeah, forgot about their pension.

Geez.


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 Post subject: Re: Re:
PostPosted: Wed Sep 22, 2010 4:12 pm 
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RangerDave wrote:
Kaffis Mark V wrote:
Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.

Pensions are their own money. It may or may not have been prudent for companies/governments to sign contracts for such generous pensions, but the fact is they did, and the employees/retirees now have a contractual property right to those pension benefits that's every bit as legitimate and binding as any other contractual property right.


So conversely, Congress had no right to even suggest retroactively taxing the bonuses/golden parachutes of executives of bailed out companies, nor does Obama have a leg to stand on to appoint a "Pay Czar", and it's the height of lol-ness to think that Congress wants to regulate pay and compensation for those who work on Wall Street and other sectors.

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 Post subject: Re: Re:
PostPosted: Wed Sep 22, 2010 4:40 pm 
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Hannibal wrote:
So conversely, Congress had no right to even suggest retroactively taxing the bonuses/golden parachutes of executives of bailed out companies, nor does Obama have a leg to stand on to appoint a "Pay Czar", and it's the height of lol-ness to think that Congress wants to regulate pay and compensation for those who work on Wall Street and other sectors.

No argument here.


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PostPosted: Wed Sep 22, 2010 4:43 pm 
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Hannibal wrote:
RangerDave wrote:
Kaffis Mark V wrote:
Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.

Pensions are their own money. It may or may not have been prudent for companies/governments to sign contracts for such generous pensions, but the fact is they did, and the employees/retirees now have a contractual property right to those pension benefits that's every bit as legitimate and binding as any other contractual property right.


So conversely, Congress had no right to even suggest retroactively taxing the bonuses/golden parachutes of executives of bailed out companies, nor does Obama have a leg to stand on to appoint a "Pay Czar", and it's the height of lol-ness to think that Congress wants to regulate pay and compensation for those who work on Wall Street and other sectors.


It's different for bailed out companies, because the government could easily make the argument that if there had been no bailout those companies would be bankrupt and the executives would be getting nothing.


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PostPosted: Wed Sep 22, 2010 5:24 pm 
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Oooh. I like that reasoning, Xeq -- can we extend it to Social Security reform and our bankrupt nation?

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PostPosted: Thu Sep 23, 2010 6:49 pm 
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Kaffis Mark V wrote:
Arathain -- you're assuming the retiring at 52 is off their own money. It's a pension.


Word. And the age of 52 is because most teachers are eligible for nearly-full pension after 30 years of work, or approximately age 52 assuming a 4-year degree and immediately into union employment.

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PostPosted: Thu Sep 23, 2010 9:12 pm 
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Kaffis Mark V wrote:
Oooh. I like that reasoning, Xeq -- can we extend it to Social Security reform and our bankrupt nation?


The bailout was a creation of a war chest to get Dems elected. Having a tough election in your district? We will TARP you back into office by giving you pet projects!

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PostPosted: Thu Sep 23, 2010 10:18 pm 
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That's a sobering assessment of why we haven't spent so much of it yet...

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PostPosted: Fri Sep 24, 2010 9:58 am 
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Hannibal wrote:
Kaffis Mark V wrote:
Oooh. I like that reasoning, Xeq -- can we extend it to Social Security reform and our bankrupt nation?


The bailout was a creation of a war chest to get Dems elected. Having a tough election in your district? We will TARP you back into office by giving you pet projects!


You are aware that Bush signed TARP, right?

Also, the US is bankrupt? Really? If the US is bankrupt with a debt load of 70% of GDP, then what is Japan with a debt load of 200% of GDP? By this logic the vast majority of the countries in the world are bankrupt.


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PostPosted: Fri Sep 24, 2010 10:18 am 
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Xequecal wrote:
You are aware that Bush signed TARP, right?

Technically, he signed the Emergency Economic Stabilization Act of 2008, which created the TARP program, which was created by Democrats. Not that I don't understand your point, just clarifying. However, what turned this into a war chest for Democrats was Bush's executive order that basically made TARP a WH piggy bank, as the President gets to dictate what programs are worth the money.

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Also, the US is bankrupt? Really? If the US is bankrupt with a debt load of 70% of GDP, then what is Japan with a debt load of 200% of GDP? By this logic the vast majority of the countries in the world are bankrupt.

Yes they are.


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PostPosted: Fri Sep 24, 2010 10:39 am 
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Hell, I'm not exactly pleased about our Canadian debt load of 45% of GDP.

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But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me

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PostPosted: Fri Sep 24, 2010 11:38 am 
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Ladas wrote:
Yes they are.


I have a debt load of approximately 200% of my GDP. I'm not anywhere close to bankrupt.


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PostPosted: Fri Sep 24, 2010 11:39 am 
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Arathain Kelvar wrote:
Ladas wrote:
Yes they are.


I have a debt load of approximately 200% of my GDP. I'm not anywhere close to bankrupt.


I was thinking the same thing.


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PostPosted: Fri Sep 24, 2010 11:41 am 
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You aren't seriously comparing national debt to a personal mortgage or loan, are you?

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Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me

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PostPosted: Fri Sep 24, 2010 11:43 am 
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Talya wrote:
You aren't seriously comparing national debt to a personal mortgage or loan, are you?


Why not? While there are obviously many differences, at the end it's all about debt load to incoming and projected revenue.


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