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Because we can get the productivity growth simply by squeezing the plebs instead of giving them anything.
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Jul 15, 2017 22:46
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bloodysabbath posted:If we lifted the cap and made people making ~100k+ pay FICA on all their income like the rest of us plebs, Social Security would be solvent for basically ever and we could even lower retirement age to free up better jobs for younger workers. Don't you think you'd need to raise the maximum benefit cap if you did this? I don't claim to know the math, but it seems like that wouldn't achieve the end goal you are looking for. Especially if you also lowered full retirement age for benefits.
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Jul 16, 2017 03:32
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Motronic posted:Don't you think you'd need to raise the maximum benefit cap if you did this? I don't claim to know the math, but it seems like that wouldn't achieve the end goal you are looking for. Especially if you also lowered full retirement age for benefits. The maximum benefit cap is going to need to be raised anyway, might as well raise it in conjunction with ending the tax cap. People making 1 million a year generally don't need scaled up social security in the first place.
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Jul 16, 2017 03:37
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Just caught Retail Archaeology's recent walkthrough of a local Sears. https://www.youtube.com/watch?v=HR-PVBNMkDM I don't think I've ever seen a store look and feel so....dead. Time to stick a fork in Sears.
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Jul 16, 2017 04:52
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Domestic Amuse posted:Just caught Retail Archaeology's recent walkthrough of a local Sears. I've been to a store that had gone bankrupt and was having a fire sale. The shelves looked exactly like that. Of course in the video there aren't the people looking for TVs at 50% off.
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Jul 16, 2017 08:15
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Domestic Amuse posted:Just caught Retail Archaeology's recent walkthrough of a local Sears. i dunno if this has been talked about before itt but youtuber ThisIsDanBell does some pretty good dead mall showcase videos that are less annoying than most - he really loves to do the whole vaporwave a e s t h e t i c gimmick but he has decent camerawork, knows a bit about what he's talking about, and doesn't yammer on like a jackass like most dead mall walkthroughers https://www.youtube.com/watch?v=3lWZLYa8FoM
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Jul 17, 2017 19:40
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I am currently waiting for a Sears Home Services technician to come fix my dryer. They gave me an 8am-5pm window so I had to work from home. It's now 6:23pm; supposedly he's still on the way. I did not actually buy an appliance from Sears. I haven't been in a Sears since at least 2013. I have a home warranty and they subcontract the work out through Sears, somehow.
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Jul 18, 2017 23:24
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Halloween Jack posted:I have a home warranty And as you're finding out, most of them are about as useless as tits on a bull.
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Jul 19, 2017 00:08
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I read the advice of the home-buying thread, but decided that a home warranty was a good idea for the first year or two when we will be hard-pressed to lay out the money if we do have some major failures. In the future we'll heed the consensus that it's better to just save that money for repairs. Edit: Still not here.
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Jul 19, 2017 00:22
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Motronic posted:And as you're finding out, most of them are about as useless as tits on a bull. Shockingly enough, I actually had good luck with my home warranty. About 3 weeks after I moved into my house my water heater blew up and I got a new 50 gallon tank for $75 installed instead of 800-1000+. Most of the time though yeah, it's of dubious value.
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Jul 19, 2017 01:31
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DeathSandwich posted:Shockingly enough, I actually had good luck with my home warranty. About 3 weeks after I moved into my house my water heater blew up and I got a new 50 gallon tank for $75 installed instead of 800-1000+. I didn't say never......but in general they are poo poo. Because of basic economics......they aren't going to pay out more than they cost on average because it's not a charity business. Also, while it may have worked out for you chances are good that you have the cheapest water heater money can buy. Because that's how the fine print in those things work.
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Jul 19, 2017 01:55
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Heres the low down on insurance: Cost = costOfPayout*probabillityOfPayout + adminCost + profit So it is never a good idea to take insurance, on average. The exception to this is when costOfPayout is so high as to be catastrophic, and the probabiltyOfPayout is low (since if it wasn't you wouldn't be able to afford the premiums). Or you have better knowledge of the probabilities and costs than your insurer, and you don't think they will catch you out. For everything else you should self insure. If you can't save to self insure, ignore all the above because you are prolly hosed no matter what you do.
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Jul 19, 2017 07:47
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Tehdas posted:Heres the low down on insurance: You're seriously understating that whole "catastrophic payouts" thing. There's a reason why insurance is legally required in lots of different situations.
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Jul 19, 2017 12:49
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Solkanar512 posted:You're seriously understating that whole "catastrophic payouts" thing. There's a reason why insurance is legally required in lots of different situations. Yeah. And my comments were about a very, very specific type of insurance that is known to have some of the worst insurance products in the market along with used vehicle warranties and extended warranties for electronics. These are policies sold largely on price and the perception of better coverage than they actually provide and marketed to the very risk averse or those buying/covering a thing they can barely afford to begin with. Or in the case of home warranties, often a "throw in" by the seller to make the place more "marketable" (and for the seller agent to make yet more commissions off of the sale).
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Jul 19, 2017 13:42
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Motronic posted:Yeah. And my comments were about a very, very specific type of insurance that is known to have some of the worst insurance products in the market along with used vehicle warranties and extended warranties for electronics. These are policies sold largely on price and the perception of better coverage than they actually provide and marketed to the very risk averse or those buying/covering a thing they can barely afford to begin with. Or in the case of home warranties, often a "throw in" by the seller to make the place more "marketable" (and for the seller agent to make yet more commissions off of the sale). I wasn't responding to you though.
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Jul 19, 2017 13:43
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Motronic posted:Yeah. And my comments were about a very, very specific type of insurance that is known to have some of the worst insurance products in the market along with used vehicle warranties and extended warranties for electronics. These are policies sold largely on price and the perception of better coverage than they actually provide and marketed to the very risk averse or those buying/covering a thing they can barely afford to begin with. Or in the case of home warranties, often a "throw in" by the seller to make the place more "marketable" (and for the seller agent to make yet more commissions off of the sale). Yea, I got a home warranty thrown in when I bought my house about 18 months ago. I used it once, and realized I was better off fixing things myself. They tried to get me to reup after it expired, and I'm amazed anyone signs up for these things. It's like $500 a year, and then $100 a visit, and has exclusions for all sorts of things. They did try to offer me a whopping $50 gift card to sign back up though.
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Jul 19, 2017 13:46
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Most retail warranties are garbage, as long as you have the money to buy a new one or the ability to live with out one. The warranty carrier does usually bulk purchase repairs and parts so they do get a good discount on service, but it is still not a great deal.
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Jul 19, 2017 14:09
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Not saying they're a great idea but our home warranty paid for itself like 5 times over in the first year. Fridge, stove, dishwasher, a/c condenser, hot water heater, poo poo even the goddamned microwave all crapped out. The previous owner ran everything into the ground.
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Jul 19, 2017 14:27
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Xae posted:Most retail warranties are garbage, as long as you have the money to buy a new one or the ability to live with out one. IDK SquareTrade seems like a pretty good deal to cover a $600 phone...or $2000 laptop
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Jul 19, 2017 14:43
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Solkanar512 posted:You're seriously understating that whole "catastrophic payouts" thing. There's a reason why insurance is legally required in lots of different situations. You are a bit vague about it so i'll assume you are talking about something like 3rd party accident vehicle insurance. But that is for the other parties benefit, not yours.
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Jul 19, 2017 15:48
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Tehdas posted:You are a bit vague about it so i'll assume you are talking about something like 3rd party accident vehicle insurance. But that is for the other parties benefit, not yours. It's also kinda for your benefit in a "don't get sued into the ground" sense.
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Jul 19, 2017 15:57
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Tehdas posted:You are a bit vague about it so i'll assume you are talking about something like 3rd party accident vehicle insurance. But that is for the other parties benefit, not yours. Not having to worry about bankruptcy is a pretty cool benefit.
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Jul 19, 2017 16:10
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reignonyourparade posted:It's also kinda for your benefit in a "don't get sued into the ground" sense. That's an unintended bonus, but not the reason liability insurance is mandatory. It's 100% about making sure you don't ruin someone else with a high risk activity.
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Jul 19, 2017 16:12
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DeathSandwich posted:Shockingly enough, I actually had good luck with my home warranty. About 3 weeks after I moved into my house my water heater blew up and I got a new 50 gallon tank for $75 installed instead of 800-1000+. Buying a tank water heater in 201x...
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Jul 19, 2017 21:36
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ReidRansom posted:Buying a house in 201x...
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Jul 19, 2017 22:00
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Noctone posted:Having money in 201x...
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Jul 20, 2017 01:53
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What Will Service Work Look Like Under Amazon? https://nyti.ms/2uuyWAj
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Jul 20, 2017 05:49
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I do find it hilarious that Sears jumped up over 2-3 days because Lampert chucked good money after bad into the company and today it drop at least 50% of the gain down.
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Jul 21, 2017 20:59
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Horseshoe theory posted:I do find it hilarious that Sears jumped up over 2-3 days because Lampert chucked good money after bad into the company and today it drop at least 50% of the gain down. What did he do? Sorry if it's already been discussed, but this thread turned to poo poo lately so I skipped a bunch.
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Jul 22, 2017 06:38
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Ziv Zulander posted:What did he do? Sorry if it's already been discussed, but this thread turned to poo poo lately so I skipped a bunch. He gave another $200 million secured loan to Sears and he also agreed to let Amazon sell Kenmore, which knowing Sear's customer base is probably going to cannibalize existing sales instead of generating new ones.
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Jul 22, 2017 13:20
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https://www.bizjournals.com/pacific/news/2017/07/21/kapolei-kmart-store-to-close-in-october.html I don't think this store is included in the big press releases the past few months. Sears might be closing even more stores quietly.
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Jul 22, 2017 18:44
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Someone eventually came to my house and fixed my Kenmore dryer The motor wasn't actually broken
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Jul 23, 2017 02:23
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Planet money just reran an old podcast on retailers vs amazon resellers. https://www.google.com/url?sa=t&sou...4xtkXrjOTCTMIuw It's worth listening to.
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Jul 27, 2017 17:13
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Apparently, Jeff Bezos just became the richest man in the world today. Amazon is technically an "online retailer" and quasi-tech company, but this is the first time in over 60 years that the richest man in the world got his wealth through "retail."
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Jul 27, 2017 18:23
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Leon Trotsky 2012 posted:Apparently, Jeff Bezos just became the richest man in the world today. Also of note is Amencio Ortega, co-founder of Inditex (parent company of Zara, among others) who is said to be worth $82 billion. That's manufacturing in addition to retail, but still worthy of mentioning.
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Jul 27, 2017 19:39
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the waltons are collectively worth far more
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Jul 27, 2017 19:41
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My brother used to work for a woman who's dating one of the Waltons, that kind of wealth is almost incomprehensible. They'd do poo poo like take a private jet from Denver to Aspen with about as much thought as a normal person stopping by the corner shop for a soda.
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Jul 27, 2017 21:27
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meanwhile I interview tomorrow for a job that pays household median income and kind of need to lay down from the dizzying possibility that would open up to me if I got it.
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Jul 27, 2017 21:33
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Noctone posted:My brother used to work for a woman who's dating one of the Waltons, that kind of wealth is almost incomprehensible. They'd do poo poo like take a private jet from Denver to Aspen with about as much thought as a normal person stopping by the corner shop for a soda. I, on the other hand, can quite easily conceive of taking a private jet twice weekly. It's like taking the €50 Easyjet flight, but with actual legroom, no annoying kids in the row behind me, and somebody else to pay the bills 
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Jul 27, 2017 22:16
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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bloodysabbath posted:If we lifted the cap and made people making ~100k+ pay FICA on all their income like the rest of us plebs, Social Security would be solvent for basically ever and we could even lower retirement age to free up better jobs for younger workers. Why raise the cap on people who work for a living? Raise the capital gains tax instead.
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Jul 28, 2017 02:25
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