Fast Money, unemployment, big government
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@rationalCrash clear as coffee
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This is where I have to disagree with Peter. When he said the lump-sum should just be given up front, that was a ridiculous idea. People would be jumping from job to job, getting that lump sum between them. It would never work.
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Cool video but I know a way better way to ＭＯＮＥＹ ＯＮＬＩＮＥ fast just go to
ＭＹＭＯＮＥＹＮＯＷ.ＷＳ
you will not lose
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@mason1789 That's an interesting idea, but the problem is that for some people you might reach a 'tipping point' where some people would wind up so heavily indebted that they might wind up never working again.
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peter is right, balls to tell the truth. in china you don't work you don't eat. we got too many bums over here.
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I never see Peter on Fast Money Tuesdays and Thursdays
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@clearasvodka : I disagree with you. People need to take responsibility for themselves(they aren't required nowadays). you shouldn't live beyond your means, you should save enough for emergencies and retirement. By guaranteeing people that they will never suffer for their bad decisions, we teach them there are no consequences to making bad decisions. So they make more them. The responsible just get taxed and punished more.
rationalCrash 1 year ago 5
He's not judging anyone for collecting. He's judging the gov't for handing them out. He is pointing out the moral hazard invovled in the unemployment system.
Also, the fact that he collected when he was young means nothing. Can anyone honestly say they were perfectly moral throughout their entire youth? You should appreciate his honesty and learn from his experience.
Dziaji 1 year ago 3