The largest reason why people are poor is they don't understand how the wealthy get wealthier and the poor get poorer, because if they knew that, then they wouldn't be wasting their time working for peanuts, and I assure you after you read this article you will clearly understand that money is worth less than peanuts. Money is after all just an illusion, for the wealthy who control the government, the corporations, and the utility companies that you pay every time to you make money, whether you want to or not, have everyone over a barrel as they say.
As I explained in my blog post "The War On Money", the government is working hard to get their fill of your money, via taxes, corporations are trying to get their share of your hard labor earnings as well, via price controls of goods sold, and the banks of course are stealing your money by what is known as inflation, which is where the value of the money you work for goes down. However, if you want to see the real picture clearly, let's take a hypothetical situations, and try to follow along by pretending you are this young kid we are talking about here in the story.
So, you just graduated from high school, you're either eager to go to work or you are realizing that if you take a job now that you will be more or less confined to a low paying jobs without further education, and if by chance you decide to go the University route without a scholarship, well that's going to cost you a lot of money. Assuming your parents aren't rich or middle class, because most middle class parents cannot afford to send their kids through college, then you'll probably be required to take out grants and loans, and that will in turn probably set you back quite a few thousand dollars indeed, but before you make that decision, why don't you watch this short video first.
After deciding what you are going to do, it doesn't matter if you simply take a job or go to a university and borrow a lot of money to get an education, you will basically be coming out making nominal wages most likely, because the job markets are flooded with qualified applicants, despite what they lie about in the media. Nevertheless, let's take a trip down memory lane here and look at the cost of living in the 1970s compared to today, which was about 45 years ago.
In 1970 rent cost around $150 to 300 a month, depending upon the quality of the apartment or home you rented, and indeed you could at that time get a loan on a home for around $20,000, however today you couldn't even touch a loan for less than $50,000 usually, and I'm going to go ahead and do the math for you and tell you if you purchased a home at $20,000 you'd be paying about $230 for taxes, title, and the mortgage, which was definitely affordable. If you took out the $50,000 loan today, it would be over double that $560 a month, and thanks to the value of your home ever increasing year in and out, you should expect for your property taxes to raise every year, but that doesn't include maintenance cost for the home.
Once you figure in maintenance, which is about $20,000 every 20 years, divided by 20 years is another $2,000 a year, in today's value of money, and so you could tack on another $166 a month for maintenance cost, which most people wouldn't do, therefore you'd actually be paying about $726 a month for that $50,000 home each month. Food was rather inexpensive back in the 1970s, you could buy 4 loaves of bread for $1, today it would cost you around $1.40 a loaf, so it would cost in essence $5,60 for 4 loaves of bread, and back in the 1970s you could buy quite a few bag of groceries for just a mere $20 to $40, today it will cost you at least $100 to $200 for a few bags of groceries.
You see the cost of food has tripled and in many cases it's 4 or 5 times as much as it was in the 1970s, and believe me it gets much worse. In the 1970s your utility bill for electricity was usually around $15 to $20 a month for average usage, but today it's more in the area of $80 to $120 for Electricity and another $50 to $110 for water, depending upon how much water you use, and that would total about $130 to $230 a month for utilities today, but that may be a bit low for many people even.
Too poor to pay your bills? Well they have a plan for those who become homeless, it's called jail, and yes they will throw you in it if you fail to be an "Upstanding Citizen", the war on the poor has already begun. (My Next Blog Post: The War On The Poor) Not only are the cost of goods and the cost of living rising each year, but we also have another big problem, the banks, and what they are doing is actually devaluing the value of the money you work for each year, not to mention the unjust fees they charge people for banking these days.
When you look at how much time you have to work once you become available to work, assuming you don't get hurt between then and the time you retire, you only have about 45 years of work before you are 65, and that is the legal retirement age to receive Social Security. However, I'm here to tell you that if you think your retirement money will be worth anything when you go to retire, you'd be fooling yourself, and most people are actually forced to work still once they reach retirement age because they wake up to the cold hard reality that $900 to $1,500 a month isn't nearly enough to survive on, if they are even making that much. (Many make less than $900 a month)
Taxes are a given, you'll have to pay them whether you want to or not, and though ironically America left England to form their own country because of excessive taxation, America today is undoubtedly one of the heaviest tax nations in the world. Add to that fact that the working class have to pay for Health Care now, which is by no mean affordable no matter how you slice it or dice it, the actual amount you get to take home from your pay check is less than 50% for most working people.
Most people don't consider the other taxes that are levied against citizens, like sales taxes, property taxes, also the government fees, and other charges as well, like when you go to get a mandatory license or other county or state regulated mandates that demand that you pay for something they make law. Law & taxes are a heavy club that the wealthy use to pound & oppress the hell out of Americans with, and though I could expound upon this subject for weeks, this blog post has gotten far too long already.
There are so many problems in America, most of which derive from Wealth Inequality, lack of upward social mobility, skyrocketing unemployment, and also nepotism is contributing to fewer jobs being available. I can't begin to truly scratch all of the problems, the main reason is because of the manipulation of money's value, rising cost of goods & services (Professional Service Fees will leave you flat broke!), but the main thing you should take away from this article is the following.
No matter how hard you work, no matter how much money you save, if you aren't working to learn, then you are going to go the route most people take, and that's the poor route, for learning to work for money is a sure way to end up poor. No life isn't fair, indeed it's an unfair world for the poor & even the middle class because the wealthy that rule over us feel that it's good to oppress us, steal from us, and legislate us into financial oblivion.
Sure most people will view this blog post as pessimistic or cynical, but I'm only trying to help people see the real truth, there is no hope for the working person, and that's a fact, you're money will be manipulated, taxed, and literally stolen as well. Therefore it's imperative that you don't learn to work for money, learn to get smart, wise, and increase your understanding, especially where Financial Education is concerned. For the simple, foolish, and ignorant move forward without understanding and are punished severely for their lack of it!
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Copyright © 2015 Gale Innes
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