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She said she puts 1,000 miles per week on it.
After all, keeping the stock market and housing market from crashing very low benefited the rich the most by far.
The L.A. Times used to run a continual ad looking for people with cars to deliver papers in the morning.
I was 17 and I needed job so I jumped at the chance to work two hours in the early morning and make 200.00 a month! It was back breaking work seven days a week. I would load my 1952 Chevy to the gills with heavy newspapers and I would spend more like three hours delivering papers. On sundays they weighed over six pounds each. In those days of "cheap" gas I would spend 3.00/day on gas alone! One clutch and a broken rear spring later I realized I was killing myself for nothing. They acted surprised when I quit. Years later that ad would continue to run everyday.
Still, I know a few (VERY few) can make some pretty good money!
However, I am curious is the $9/hour figure takes into account vehicle wear and tear, plus fuel costs.
2018 430i Gran Coupe
"I drive around 50,000 miles a year in order to bring in around $1100 a week by driving 45 hours a week".
So figuring in car rental, Uber commission, gas, blah blah, she's probably making $12 an hour.
As far as ATM's not working, that would be more credible if it actually happened on any kind of a real scale. For the banks closed down and taken over by the FDIC, it doesn't seem like it took more than 48 hours to rectify that problem. Indymac is a good example where it was allowed to happen quickly.
Also, the smaller smarter better positioned when the mortgages tanked banks would have prospered better when the dumb risky poorly positioned large banks failed. I bet if you talk to some Union Bank or Everbank executives (and other banks like them) they'd tell a story of being fiscally responsible during the boom years, which put them in a position to grow when the economy tanked. Not every bank or insurance company was into being as irresponsible and a big of a failure as possible. I'd like to know who coined the term "TOO BIG TO FAIL" first. My guess is someone with a net-worth over 100+ million.
Now, the argument becomes were too many irresponsible potentially creating a domino affect of collateral damage to the responsible well-managed companies? Possible, but unproven.
Also, I think we could have bailed out the secondary and tertiary affected companies for pennies on the bailout dollars.
TOO BIG to fail = Too big to exist.
Some wealthy people born on third base claim corporations are people too, but the execs aren't usually treated like people when they commit crimes. It's the real golden rule, I suppose. If you have enough gold, actual harsh punishment is never a worry.
The "love it leave it" mentality also gets old pretty quick. The people who want changes aren't doing it out of hate, they want improvement. Change scares a lot of people.
I completely agree too big to fail = too big to exist. Be we allowed it, so we had to deal with it.
Again - I'm NOT against progressive taxation. I'm against vilification of those rich people who pay our gov. bills. The vitriol against them tells me it has nothing to do with justice, it's just plain and simple envy. BTW, the "money back" was tongue-in-cheek " comment. Nobody should be happy about what happened then. What was done was mostly necessary. Mistakes were made in the process, which was probably inevitable. Doing nothing would have been worse by power of ten.
2018 430i Gran Coupe
I remember Chase taking over Washington Mutual with the quickness. Wachovia too? Not many of them on the West Coast though.
I am just against the "doing nothing" would have been worse by a power of ten argument. First, that will always just be speculation since we can't go back in time and relive the alternative future. Second, we wouldn't have "done nothing" I believe we could have intervened on the 2nd and 3rd levels rather than on the 1st upper level failures. AIG? really? So the alternatives weren't limited to just doing nothing, but perhaps waiting a little longer to do something. Let the weak fail, as they will fail first, and then you come into rescue mode if indeed some sort of downward spiral starts and continues.
I guess some people had less tolerance to sit and wait once a few titans fell than I did. Of course, history seems to show the first titans to fail (such as Lehman Bros..) were given all kinds of free-market and somewhat bailout-like "outs" prior to collapsing. They chose to dig in and accept their fate.
2021 Kia Soul LX 6-speed stick
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Change is scary when it is seen as a bad change. Many of the things some groups think they want are not fully thought-out.
2017 Cadillac ATS Performance Premium 3.6
As has been said for other lines of work, "what would you do if you won the lottery? Well, I'd just keep on until it's gone."
2018 430i Gran Coupe
What do UberX drivers actually make?
(in Toronto) $11.36 (average trip) - $4.17 (other expenses) - $1.48 (HST) = $5.71
Driver-incurred costs potentially eat up half what UberX drivers get paid. So, if Uber’s $23 claim is correct, drivers can expect to pocket about $11.50/hour -- only twenty-five cents more than Ontario’s new minimum wage (as of Oct. 1) -- and that’s without factoring in the added cost of commercial insurance.
FULL ARTICLE
Nick Raats has been an UberX driver for about a month, working 60 to 65 hours per week.
He loves the “freedom” and “power” to choose when to work and relies on his UberX earnings as he gets his web design company off the ground.
Raats said his best day was last Friday: “I made $350 driving for about 15 hours.”
That same night he had his first drunk passenger, a man who stumbled out of a TIFF party at 3 a.m. and urinated on his car after he dropped him off.
“It is an unskilled job, I mean, I am amazed I can earn $20 an hour.”
Raats would prefer Uber add HST (sales tax) to the fare and thinks it’s “idiotic” that he is expected to collect it himself. He’s also waiting for the details of a new partnership with Intact Insurance to offer coverage for Uber drivers.
“I am concerned that if I report I am driving for Uber, my insurance company will drop my coverage,” he said.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I always liked this quote from (allegedly) Louis XIV's finance minister:
“The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.”
So sorry companies that bought insurance from another company that didn't back up their promises, guess you'll go down for that poor decision too. Also, AIG of course had money, and assets, just not enough to fully cover their obligations. They could have paid some odd pennies on the dollar and then disappeared. For sure they had plenty more than nothing as bonuses and parties and company trips/jets seemed to all be first-rate.
The girl who I road with this a.m in the Corolla said she'd been doing it for two years. I asked her what her personal car was, and she said it was a Scion xB. That sounds perfect for an UBER driver. But, she said she loved it and they don't make them any more. Can't argue with that.
Sometimes change appearing scary doesn't correlate to the change itself being bad. An easy way to encourage regression is the "love it or leave it" attitude. That mindset concerns me more than people being suspicious of wealth out of supposed envy.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
As to sales tax collection, welcome to the club. Being a servant of the state is a condition of being in business. I suprised that the Uber app doesn't automatically collect it.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
It would be difficult to program and customers would be up in arms. I will try to explain, our sales tax (called HST, Harmonized Sales Tax - national and provincial combined) is 13%. It doesn't kick in until you make over $33000 gross. Some drivers wouldn't charge it if they were below $33k in income, once they reach $33k they would charge it....so drivers could have different rates. Confusing, but that is what taxes cause.
Insurance is a big problem though....who knows if you are covered if you are a passenger, and drivers may not be covered.....using their car to make a living.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
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$1/mile gross doesn't seem too bad. Biggest problem I see is that some people think this helps you buy a car, yet, at those kinds of miles, your car is being used up by the job very quickly.
oldfarmer50 said In the farming business we called that 'living off the tractor'.
I use a form of Drivers Rule of Justification in this case and it worked for me. The rule says, I need to have a car anyway so some of my earnings go to pay off the car, just like it would if I had a real job. The car will get a lot more mileage and cost more in repairs....but, write offs will offset that.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Or is it better to lose 1 billion dollars in one year, and spread it over a 10-year loss at 100 million per year, but if you actually lose 100 million 10 years in a row; god forbid!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I read a story a couple of years ago about an UBER driver who started out by himself but sold some costume jewelry his wife made during the ride. I guess the way it worked, he'd have this jewelry on a display in the back seat. He wouldn't say anything until someone would ask him about it. He told them his wife made the jewelry and it was for sale.
He consigned the jewelry to other UBER drivers and paid them a commission on everything they sold.
Can't remember the exact number but I think he was pulling down $250K/year.
Now, that's an entrepreneur.
Thanks but we already knew that.
Also, you can get a nice used Continental GT and maybe even have a bit left over for that money.
And FIN is right--you can buy the real deal for that money, and a decent one, too.
Poor guy isn't going to get $55K for that thing. More like $35K,, like what you'd get for a used faux Porsche speedster. He's not going to get the price of a high-quality AC Cobra reproduction.
I've seen earlier Continentals under 40K, and you can even get a Flying Spur for the price of the kit car. Not going to change hands for that money.
So far, that's the only comment I've gotten about it, lefthanded or otherwise. :@
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
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Understandable error given how Hyundai copied the winged Bentley badge design for Genesis.
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jmonroe
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