The New York Times has an infographic with the title “The Top 1 Percent: What Jobs Do They Have?” It looks like this:
The fascinating part is how many elementary & high schools teachers are in the top 1%: 59,362.
Half-Sigma interprets this as implying that teachers marry into money. I think something like this is close to the truth: teaching is a “polite” profession where workers are basically unaccountable and output is essentially unmeasurable. If the wife of a one-percenter wishes to work, but wishes to work in a place where she she does not have to sully herself with competition, results, or measurable contributions, teaching is a fine profession. And because many Americans mortgage themselves into the most expensive school district they can afford, human cognitive biases will make teachers’ neighbors think they are doing a good job! (After all, if you mortgaged yourself into a bad school district, that implies you’re a pretty bad parent.)
The Dave Ramsey episode for October 19th, 2011 is dedicated to callers from #OccupyWallStreet.
It’s interesting. In general, the callers on the show match up with Lexington Green’s assessment of #OccupyChicago
The kids I spoke to â€” and I use the term because that is what people in their early twenties seem like to me â€” were nice, and reasonably intelligent. Two were recent college graduates who were not able to get jobs. They seemed to be sincere and sensible young people.
One girl had a printout of the â€œproposed grievances.â€ (I got the list off their site and put it below the fold, since it is apparently a work in progress and subject to change.) It is an interesting mix. I agree with some of it, as noted in square brackets. I was surprised that it was not more Left boilerplate. It seems to reflect an accurate understanding of the seriousness of crony capitalism as the heart of the problem we face.
These conversations I found enjoyable, though I was as usual saddened by the combination of earnestness and ignorance of this rising generation.
My hatred of the Boomers, who have brainwashed and wasted these kids is boundless. There is nothing wrong with them. They have just never been taught anything but bullshit. They have been betrayed by their parents and their teachers. It is very depressing. The country has been shamefully dumbed down.
The 10/19/11 episode is available for free streaming for about a week. Listen to it!
Angry about big banks? Instead of blaming your problems on the President, the Congress, or the rich, actually make a difference:
1. Pay off your debts. Large banks cannot charge you interest on debt you don’t have.
2. Don’t use big banks. Large banks cannot charge you fees on accounts you don’t have. Try local banks or credit unions.
3. Get positive reinforcement for doing this. Try a show like the Dame Ramsey Show, instead of pro Wall Street “normal” shows that advocate stupid stuff like not paying off debt.
In other words, don’t go deep into debt, don’t use Chase, and don’t surround yourself with people who advocate those things.