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Related: Culture Forums, Support ForumsI'd like to thank all the folks who gave me hearts -- once again, I was unable to reciprocate.
We are now a household of three adults living off of one Social Security check. To say that we are pinching pennies would be an understatement -- any purchase not really essential just has to be postponed. I miss when I was a full Star Member and could afford to purchase a few "nonessentials" occasionally, but the last several years have been dreadful for academic employment. So here's hoping for a Dem-led return to sanity and prosperity, starting with the removal and prosecution of the least competent individual ever to occupy the Oval Office.
WhiteTara
(29,736 posts)I'm so broke, I wrote this Free Parking column.
http://eureka.news/free-parking-66/
Our countrys national debt is about $21 trillion; the total amount of money in the United States today is about $1.7 trillion. In the broadest sense of the word money, there is about $90 trillion all together in the world. Horrifyingly, we (US citizens) owe more than 20% of all the money in the world and only have .5% of that amount in the country to pay our debts.
A couple of years ago, The Panama Papers rocked the financial world of ultra wealthy oligarchs by exposing hidden money that belongs to coffers in their home countries. The ensuing transparency found that U.S. corporations are hiding 55% of their wealth offshore costing us nationally $130 billion in tax revenue each year.
In the Tax Justice Network study, researchers found that worldwide, there is $21 trillion stashed in secret bank accounts and that 92,000 people (a thousandth of one percent of the worlds population,) control $9.8 trillion of the worlds wealth. This fabulous wealth comes by leaking or skimming money, for example: $700 billion from Russia since 1990; $305 billion from Saudi Arabia since the 1970s disappeared during sales of state resources.
more at link http://eureka.news/free-parking-66/
Fla Dem
(23,887 posts)Sorry you are going through hard times. It should not be that way for people who worked and contributed their whole lives. I fear for the following generations.
WhiteTara
(29,736 posts)using liquidity vs debt as opposed to assets vs debt. Current total assets (including your house and mine) is $100trillion so we owe 1/5 of our total assets. But I think liquidity is really important.
red dog 1
(27,935 posts)Thanks to Trump and his tax breaks for the rich, many middle class folks are barely getting by, including myself.
Trump must be removed from office!
He's the devil