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“People should get paid similar across the board” “Pay should equal the job or skill, not saying a hamburger wrapper should get paid as much as one with a skill level but a living wage because if Mac Donald’s charges the same everywhere so should the pay.”
Comment: Copy that thank you for your thoughts. Unfortunately, the cost of living, and doing business, varies state to state, county to county. Property taxes here in Suffolk County are minimum $8,000-$10,000. Many average $15-$18k, plus expensive home owner insurance. Electricity? Hah. Extremely high. Even car insurance is higher around NYC.
If you go from NY to Georgia with a common NY salary, you can live like a physician with $800 annual tax bills. Even a NY business moving south, and many have, save a lot of money. I heard yesterday the medical “a service industry” is 17% of the US economy. Much of that is also gov’t supported tax absorbing, re Medicare Medicaid etc.
@Ororeef, re Its all rigged.
You’re right. But occasionally a panic sets in and the rig was actually the reason or fault. Note all the crashes before and including 2008. Other info re brokerage company and trades in dead accounts, very interesting.