Worse than? ever? You think this is worse than the Great Depression of the early 1930's when 1 in 4 workers were unemployed?
No, But we are probably getting close to the second Great Depression. It is getting pretty bad.
I seriously doubt it. Today we have much better understanding of monetary policy and fiscal policy than we did in the 1930's. Such knowledge of monetary and fiscal policy is how we were able to turn around the rotten economy of stagflation in the late 70's/ early 80's
As long as people are dumb enough to pay 9 bucks for the ticket, then I guess the people who draw them to the theaters (big name actors and actresses) deserve it. Otherwise, it would all go to the producers. I have been to the theaters twice in the past decade so I don't feel too responsible for their bloated salaries.
Same goes for athletes. If people are dumb enought to pay $50 to $100 to watch an NBA, NFL or MLB game than the guys who pack the stadiums (the athletes) deserve the money. Otherwise it would all go to the owners.
Ya, well its what the people want to see. Its ridiculous that they would make it so much for what the people want to see. A good example of the abuse of supply and demand..
How is that an abuse of supply and demand? People demand such entertainment and are dumb enough to pay the high prices for it, that means someone with the God given gifts to supply such entertainment will cash in on it. Not much different than that late 70's/early 80's when people were demanding an operating system to simplify the use of PC's. A really smart Harvard drop out had the ability to write an operating system called MS DOS and later became the wealthiest man in the world.
Who said it no longer exists in the US? Try telling that to the Mexican who snuck into the US to live such a dream. He probably shakes his head looking at many Americans who are too lazy to work hard and still expect the government or the wealthy to take care of them instead of them getting off their butt and taking care of themselves.
You went off topic. I was saying the lower/middle class who probably work a lot harder than the higher class do not make as much money, and that's why the rich get richer and the poor get poorer..
With the exception to people who inherit it (estate taxes are a whole new thread), I have never met a wealthy person who achieved wealth by punching out after an 8 hour day. They worked much longer hours than those who work for them, took risks (which if they failed could have cost them their homes), and made a long term plans on how to get to where they are. Granted, it does take a certain degree of intelligence to reach financial success, you won't find too many dumb successful people.
On the flip side, many who never reach financial success don't want to work much more than 40 a week, don't want to risk their financial security and only look at their career on a day to day basis with no long term plans. And there is nothing wrong with people with that type of attitude towards their career, they just should not be envious of those who do take risks and have a long term plan for success.
Reply's in bold