City Hall in Your Neighborhood

[nathanm]

Some on this forum are in favor of inflation and believe it's necessary for a healthy economy.  In my opinion, it screws anyone trying to be responsible themselves for a retirement better than social security.

You can buy Treasuries indexed to inflation. At worst, you get back in today's dollars what you put in at the beginning. When interest rates are higher than the inflation rate, you can actually make a little money. Inflation can punish people who put money under their mattress or have substantial sums in non-interest-bearing bank accounts.

[shadows]

Some on this forum are in favor of inflation and believe it's necessary for a healthy economy.  In my opinion, it screws anyone trying to be responsible themselves for a retirement better than social security.
...
True but it devaluates any pension they have and their savings.  It is the path to total destruction of the stability of any nations economy.   Those among us who enjoy inflation would also be pleased if we passed out new money on the first day of the year on a two for one basis.

At the present rate those entering the workforce today must plan for not less than a million dollar retirement kitty.  They should have fun gathering that up.

[Red Arrow]

Some on this forum are in favor of inflation and believe it's necessary for a healthy economy.  In my opinion, it screws anyone trying to be responsible themselves for a retirement better than social security.
...
True but it devaluates any pension they have and their savings.  It is the path to total destruction of the stability of any nations economy.   Those among us who enjoy inflation would also be pleased if we passed out new money on the first day of the year on a two for one basis.

At the present rate those entering the workforce today must plan for not less than a million dollar retirement kitty.  They should have fun gathering that up.

At 1% interest, $1,000,000 will only get you $10,000/year without getting into the principal.  $1,000,000 doesn't even work now, unless you plan to die young.

[Red Arrow]

You can buy Treasuries indexed to inflation. At worst, you get back in today's dollars what you put in at the beginning. When interest rates are higher than the inflation rate, you can actually make a little money. Inflation can punish people who put money under their mattress or have substantial sums in non-interest-bearing bank accounts.

Inflation punishes anyone not in debt.

[Conan71]

...
In 1950 I was making 89 cents an hour or $35.69 a week working for a major steel fabricator reading blueprints and laying out the work.  The perks were 7 paid holidays, two weeks paid vacation, Christmas ham and a matching pension plan (which cause the company to sell out instead of declaring bankruptcy)

Never underestimate the value of a Christmas ham.

[carltonplace]

Never underestimate the value of a Christmas ham.

Truer words were never typed into the intrawebs.

[Hoss]

Truer words were never typed into the intrawebs.

My company quit giving them out; they used to give use the spiral-cut hams from that place at 61st and Memorial (same complex with the Chinese Buffet behind the Hooters).  Those things were addictive for sure.

[DolfanBob]

My company quit giving them out; they used to give use the spiral-cut hams from that place at 61st and Memorial (same complex with the Chinese Buffet behind the Hooters).  Those things were addictive for sure.

Tulsa Cable. (The one before "United Artist" "TCI" and now "Cox") Gave out Turkey's for Thanksgiving and Ham's for Christmas. Always had the must go to Christmas party and even paid Triple time and a half on Holiday's.
Man how times have changed.

[Conan71]

My company still orders a pallet of Cusack hog legs every year.  I don't have the storage capacity for it at the moment so I gave it to my out of work neighbor this year.  Even though Gaspar alleviated some of my concerns about sodium nitrite curing, I still don't know that I'll use mine from now on.  If I can make someone else happy as a re-gift, that's not such a bad thing.

[Hoss]

Tulsa Cable. (The one before "United Artist" "TCI" and now "Cox") Gave out Turkey's for Thanksgiving and Ham's for Christmas. Always had the must go to Christmas party and even paid Triple time and a half on Holiday's.
Man how times have changed.

I can remember working at Bender Direct Mail in the early nineties and getting paid "seventh day pay", which was triple.  This was when we were printing the old gray City of Tulsa utility bills (I had a big hand in that design).  That was pretty much my entire morning was printing those things.  Usually between 5000 and 8000 per day.