Rudder Amidships

Retired CPA/banker; politically center-right; frequent cruise traveler

[Rudder Amidships @RichardResnick6]

The U.S. will know it has arrived as a society when people no longer care about what someone is and care only about who s/he is.

[Rudder Amidships @RichardResnick6]

@BriannaWu The MSNow, NewsMax, and podcast folks get their respective bases amped up and it becomes more about the fight than the results. Win? Lose? Who cares? Just fight! Solve that problem and the country might even become governable again.

[Rudder Amidships @RichardResnick6]

@mcsquared34 That’s the way the world works. If everyone was given the basics (or more) without working then you’d be a fool to work. And who would produce those basics?

[Rudder Amidships @RichardResnick6]

@BladeoftheS Gotta love the substantial group in America that see their ignorance as something to be proud of rather than something to be overcome. Like you.

[Rudder Amidships @RichardResnick6]

@StraightFlorida Not sure that the mom and pop restaurant and bar owners in the tourist areas feel the same way about this …

[Rudder Amidships @RichardResnick6]

@JonahDispatch It’s getting lots of attention (including from you Jonah). That’s the only thing Trump wants from his troll-posts like this one. It works for him.

[Rudder Amidships @RichardResnick6]

@michaelevknight The laws of economics apply to workers too, ya know. Supply and demand. Find an occupation where there is a shortage of qualified people and you’ll likely make more than a living wage.

[Rudder Amidships @RichardResnick6]

@myersbradley Diversification works. No home runs, but lots of singles and doubles will lead to runs (and wins) just the same.

[Rudder Amidships @RichardResnick6]

@MikeHudema You’ll get better results if you focus on practical steps that the majority will actually buy into. Your approach won’t get enough folks to support it. Do the doable or catch the next flight to Shangri-La.

[Rudder Amidships @RichardResnick6]

@jonbrooks Yep. There is always a price at which the market will clear, but current owners (or their heirs) may not like that price very much.

[Rudder Amidships @RichardResnick6]

@DavidPollackUSA Luddites gonna Luddite.

[Rudder Amidships @RichardResnick6]

@carlquintanilla @BobEUnlimited Employment and wages are subject to the laws of economics too, Carl. If purchasing power is eroding it’s because worker outputs are on balance declining in value relative to prices. This should correct itself. Eventually.

[Rudder Amidships @RichardResnick6]

@Leonajardinho What else would you expect? Owners are entitled to maximize the value of their property. Rent controls prevent that and also, BTW, discourage new apartments from being built, restricting supply. But the DSA crowd wants more of them. Go figure.

[Rudder Amidships @RichardResnick6]

@biggsag @PostOpinions FICA is a separate, wage-based tax that was passed with the promise that those who paid more in would get more out. It was not lumped into the income tax which funds welfare programs. I am against means-testing these programs.

[Rudder Amidships @RichardResnick6]

@NDRepublicans The anti-Flock folks remind me of the guy in the gym that covers the display on the treadmill he’s using. As if anyone cares!

[Rudder Amidships @RichardResnick6]

@Handre Also worth noting that inflation reduces borrowing costs by eroding the value of the currency in which the loan must be repaid. If my nominal income is up 25% due to inflation and my loan principal is unchanged, I just got a deal.

[Rudder Amidships @RichardResnick6]

@brockpierson Yep. Learned to code at college using punchcards. Fortran, COBOL, Pascal. God have mercy on your soul if you dropped a box and they scattered. Hours of work lost.

[Rudder Amidships @RichardResnick6]

@MarcGoldwein Your rate of return looks way too high; I calculate it at around 2%. The appropriate comparison is the return you would earn if you had been allowed to keep that money in an IRA and invested it in a target-date retirement fund.

[Rudder Amidships @RichardResnick6]

@violin4all Sorry, but we need to stop treating climate change as an impending catastrophe and start treating it as a problem to be addressed. Addressed with some urgency, yes, but also in a way that allows people to maintain their lifestyles. Else, not enough buy-in.

[Rudder Amidships @RichardResnick6]

@RBReich @Groundwork If labor were being significantly undervalued then there would be a shortage and companies would have to bid up wages. Unless, that is, you believe that every company in America is colluding to hold down personnel costs.

[Rudder Amidships @RichardResnick6]

@Legacy411 The Pacer had the benefit of a unique appearance for the day. Also, most thought its cheaper stablemate, the Gremlin, was even uglier. But for my money the Yugo takes the prize.