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  1. #21
    Senior Member mgtower's Avatar
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    Re: The age of abundance

    Quote Originally Posted by Survivor64 View Post
    I darn my socks too! That makes at least two of us. I HATE buying clothes. I make them last as long as possible. I just threw out a pair of shorts that I bought on sale at Penny’s in about 2003 for three bucks. Bought two pair- still have the second pair, but they are about done for too.

    I wear decent stuff to work- dockers and a button down shirt, but I don’t replace them till they fall apart. There’s so much other stuff I’d rather spend on (this is after making double mortgage payments- same as you) than clothes. And frankly, I don’t need to impress anyone, so if it fits, I wear it. I sew them up when needed, and replace when they disintegrate.
    I knew a dude like you, he literally wore his denim cutoff's until his balls were falling out! Shit you not!
    Bundle up, boys, it's gonna be a long cold endless winter.


  2. #22
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    Re: The age of abundance

    Quote Originally Posted by Survivor64 View Post
    I darn my socks too!
    I don't. After 10 yrs of wearing those socks, the last 3 years with holes in the toes, I tossed them after the eBay order came in with new ones... I will fix a lot of things to keep using it, but I draw the line at clothes. Socks and jeans are classed as work clothes, so I claim them on tax...

    Where I work, we are required to wear company clothing (PPE for visibility), order clothes as required supplied the company.... On break when I'm not out shopping, I wear work clothes...

  3. #23

    Re: The age of abundance

    Lol- holes in my sock toes would literally drive me crazy. That’s why I sew them up. It’s easy to do- when I’m sitting watching TV, it gives me something to do.

    As for my balls hanging out nawwww. They wouldn’t hang far anyway.

  4. #24
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    Re: The age of abundance

    Quote Originally Posted by Survivor64 View Post
    Lol- holes in my sock toes would literally drive me crazy. That’s why I sew them up. It’s easy to do- when I’m sitting watching TV, it gives me something to do.
    LOL... I don't do TV...

    10 PAIR PACK - GENUINE "EXPLORER" WOOL BLEND MENS WORK SOCKS -SIZE 6-10 & 11-14 | eBay

    I hope that link works... I just buy them, claim as a work expense on tax... I was lazy and not ordered when they were all getting holes...

  5. #25
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    Re: The age of abundance

    Quote Originally Posted by RustyNuts View Post
    LOL... I don't do TV...

    10 PAIR PACK - GENUINE "EXPLORER" WOOL BLEND MENS WORK SOCKS -SIZE 6-10 & 11-14 | eBay

    I hope that link works... I just buy them, claim as a work expense on tax... I was lazy and not ordered when they were all getting holes...
    Wow.

    I'm happy for you that you can afford to pay 75 bucks for 10 pairs of socks, tax relief or no.

  6. #26
    Junior Member pirate88's Avatar
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    Re: The age of abundance

    Great story,

    I was over the moon when you said you got your dog back (I had to have my dog put down last month due to cancer).

    I am 36 and realise that things have never been easy for any generation especially owning a property (paying mortgages).
    The main reason I am struggling to pay my bills in the current times is the high utility rates, car ownership cost, and little to no job prospects.
    The solution I have come to in my situation is that I need to sell my house, move and downsize and diversify into a different job market.

  7. #27
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    Re: The age of abundance

    Manfred - “Never in the known history of man so many people had so much for so little effort.”

    Everyday I have moments where I forget how easy I have it.

    Manfred - “We do not value what is so easily received. We do not appreciate what we have in quantity.”

    This reminds me of the diamond-water paradox by Adam Smith. “Smith noted that, even though life cannot exist without water and can easily exist without diamonds, diamonds are, pound for pound, vastly more valuable than water. The marginal-utility theory of value resolves the paradox. Water in total is much more valuable than diamonds in total because the first few units of water are necessary for life itself. But, because water is plentiful and diamonds are scarce, the marginal value of a pound of diamonds exceeds the marginal value of a pound of water.” [1]

    Manfred - “Abundance corrupts the human soul, scarcity builds it.”

    What is the human soul?

    Do you mean that indulgence in abundance, has people forgetting how good they have it?

    Example:
    If I eat whatever and however much I want to eat everyday, I forget what it means to be hungry. About once a month, I do not eat all day. By the end of that day whatever I eat tastes phenomenal, and I am reminded how fortunate I am to never experience a true lack of food.

    Manfred - “To most men sex is not abundant”

    I disagree. Sex is abundant, especially to western men. Sex with exactly who I want to have sex with right now, may not be abundant, but sex is abundant. Sex is not free, but sex is abundant. Prostitution may be illegal where most western men live, what is stopping the majority of western men from traveling to a country with a legal red-light district and paying for sex?

    [1]
    Britannica, The Editors of Encyclopaedia. "Austrian school of economics". Encyclopedia Britannica, Invalid Date, https://www.britannica.com/topic/Aus...l-of-economics. Accessed 9 September 2022.

  8. #28
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    Re: The age of abundance

    Quote Originally Posted by pirate88 View Post
    I was over the moon when you said you got your dog back (I had to have my dog put down last month due to cancer).
    I appreciate that and I'm sorry to hear about your loss. I had to put mine down in 1996 after 15 1/2 years (the longest relationship I've ever had) and if I let myself think about it for too long I can still get very sad. Like that line in Mr. Bojangles, after 20 years he still grieves. I guess I shouldn't admit to that.

    Visiting those dog pounds twice a week was a heart-breaking experience, I'll tell ya. Every dog in those cages looked at me like, "Save me! Save me!" My eyes would be wet each time as I drove away. I suppose I shouldn't admit to that either. And I couldn't find my dog. The whole thing sucked. At one pound, I saw a dog looking exactly like mine, seemed to answer to his name, wanted me to take him home. I stared and stared, finally felt he had a tad too much belly hair and his muzzle hair was boxed a bit more than my dog. But, I wasn't positively sure and what if I was wrong? Was I walking away on my own dog?

    He had no collar on him like my dog had. In fact, in Wyoming I had a metal tag made for his collar that gave his name, my address and phone number (landline back then), plus the word REWARD in capital letters. When I lost him, I had the bright idea of calling the phone company, explaining the situation, and they put a recording on my disconnected Wyoming number to give out my Phoenix number, just in case anybody found him and called it they would not get a dead-end recording.

    A young couple did find him and kept him for a week. The man wanted to keep my dog permanently to give him a home but the woman said, "But it won't be his home." It took a week before my dog would permit them to get close enough to read the tag and that delay allowed me time to have the phone company make that recording so when she finally called it, she got my Phoenix number. My roommate took the call and picked up the dog. Two weeks had transpired in all. My dog seemed like he didn't know he was ever lost! Damn him.

    He escaped once more when I first moved to Seattle and I found him 2 days later a mile away in a rough part of town. Again, he seemed indifferent to see me. He never acts like he's lost, the whole time I am missing him.
    The two most important days in your life are the day you were born and the day you find out why. - Mark Twain

    The mass of men lead lives of quiet desperation.
    - Henry David Thoreau

    There are 10 types of people in the world - those who understand binary, and those who don't.

    Suitable for bookmarking: www.fakehatecrimes.org and www.breitbart.com/tag/hate-crime-hoax

  9. #29
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    Re: The age of abundance

    Quote Originally Posted by 2_Time_Loser View Post
    Obviously we will not see eye to eye on this O.G. Let's just agree to disagree.

    O.G. makes some great points. 2_Time_Loser, you seem to have bought into a lot a of age warfare. That meme is a straw man.

    Why work 70 hours a week? If this is what you have been doing with your life, you chose to work 70 hours a week. Nobody is forcing you to work 70 hours.
    100k in Student debt. Haha! What? Again, if you are 100k in debt from school, you chose to go to school and take out those loans.
    Live in closet you can barley afford, really? Nobody is forcing you to live in a closet, move to a place where housing is cheaper.
    No kids... hahahahahahaha! Why would I want kids? There are 7.7 billion humans on this earth. Choose not to have kids.
    Gross plants for dinner and they're sick. If anyone is young and sick, most likely they eat shitty food. Good healthy food is cheaper and more available than ever.

  10. #30
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    Re: The age of abundance

    Quote Originally Posted by GrnB View Post
    This reminds me of the diamond-water paradox by Adam Smith. “Smith noted that, even though life cannot exist without water and can easily exist without diamonds, diamonds are, pound for pound, vastly more valuable than water. The marginal-utility theory of value resolves the paradox. Water in total is much more valuable than diamonds in total because the first few units of water are necessary for life itself. But, because water is plentiful and diamonds are scarce, the marginal value of a pound of diamonds exceeds the marginal value of a pound of water.”
    Adam Smith? The Scottish economist?

    Sorry, but he sounds like an idiot if he’s coming off with shit like this.

    Value is found in somethings worth, not in its scarcity or abundance. This absurd notion of value (scarcity) is part of what’s wrong with today’s economic system. It leads us to place too much emphasis on the wrong things.

    Water is NECESSARY for life; diamonds don’t even come close in this regard.

    Comparing chalk and cheese is the language of the manipulator.

  11. #31
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    Re: The age of abundance

    Yes, water is necessary for life.

    Let’s say you have a well that pumps all the water you need. A person comes along with a pound of water and a pound of diamonds, and offers you the choice to have one, what would you take?

    Adam Smith was not setting the value of diamonds he was making an observation of the fact that diamonds have a higher marginal value than water.

    You may not have any use for diamonds, I do not either. I will still take a pound of diamonds over a pound of water.

    Why is scarcity a problem?
    What “wrong things” have too much emphasis?

    Chalk and cheese, they can both be white and not white.

  12. #32
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    Re: The age of abundance

    I encourage everybody to read Adam Smith, who was primarily a moral philosopher.

    A lot of what he wrote has been mischaracterized and distorted, like the legend of King Canute who was trying to demonstrate that he couldn't fulfill all the wishes of his vassals, not having a megalomaniac moment by ordering the waves to stop.

    By both free trade fanatics and the Left alike.

  13. #33
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    Re: The age of abundance

    Quote Originally Posted by GrnB View Post
    Yes, water is necessary for life.

    Let’s say you have a well that pumps all the water you need. A person comes along with a pound of water and a pound of diamonds, and offers you the choice to have one, what would you take?

    Adam Smith was not setting the value of diamonds he was making an observation of the fact that diamonds have a higher marginal value than water.

    You may not have any use for diamonds, I do not either. I will still take a pound of diamonds over a pound of water.

    Why is scarcity a problem?
    What “wrong things” have too much emphasis?

    Chalk and cheese, they can both be white and not white.
    Unless I’m dying from thirst obviously I’d take the diamonds. Even though they have no intrinsic worth to me I can sell them to others for whom they also have no intrinsic worth but are willing to pay handsomely for.

    This is the problem with placing value on something solely for its scarcity. People will pay huge amounts of hard earned cash for things for which they have no actual use other than to take pride in owning them; or as an investment to sell on to others who also have no practical use for them.

    It’s all a mind game.

    Take art for example. People will pay millions to own an original piece by Monet or Rembrandt, or whoever. Why?

    Is it for the good feeling they get from the depiction itself? Not at all, a print would suffice for this purpose. They place value on it solely because others also place value on it, there is no other reason.

    Yes, you could say that Adam Smith was merely observing how capitalism works, but IMO he was also endorsing it.


    The capitalist model is O.K. I suppose, then again so is the socialist model. The problems really arise when these models are abused, and they always will be.

    There will always be those that seek to work ANY system to their own personal benefit. Any implication that they are “for the good of society” is simply a lie.

    Scarcity is a problem when it comes to those things that we actually need or benefit from in some substantial way and in these cases market forces will apply in one way or another.

    Applying value to a thing for social standing or a feeling of self-achievement falls into neither of these categories. Market forces do indeed apply to these things but only in some warped, bastardised way.

  14. #34
    Senior Member mgtower's Avatar
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    Re: The age of abundance

    What's the two most valuable things you can purchase in a department store in times like these?

    1st. The gardening area, vegetable seeds.

    2nd. Sporting supplies, ammunition.

    Values are set and altered by circumstance and nothing else.
    Last edited by mgtower; September 10, 2022 at 10:28 PM.
    Bundle up, boys, it's gonna be a long cold endless winter.


  15. #35

    Re: The age of abundance

    I just listened to the CEO where I work blab about profit this and about wanting motivated performance driven employees that. Blah, blah blah. These guys are a dime a dozen. Hes been here less than a year and his two predecessors we're also unimpressiv. Anybody can spout that crap. Has very little idea of any actual specifics of the business. Then he spent many minutes praising a company that I used to work at but quit from that was dysfunctional.

    Right now, jobs are abundant. I could quit and have another one in short order. Blabbing to people about cranking more productivity while the actual problem is the clueless leadership literally made me laugh. Good luck finding people to fulfill your fantasy. Mine is being left alone and being able to retire sooner rather than later to enjoy what is not abundant for me which is free time. Time is the main type of abundance that actually matters.


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