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Friday, March 29, 2013

Why You Should Quit Your Job Now

Worth reading:

* Why You Should Quit Your Job Now *

Yahoo Finance, Mar 28, 2013

More than 12 million Americans are jobless and 40% of these individuals have been out of work for more than six months. The U.S. economy overall may be improving but many Americans still cannot find a job. This trend will only continue in the foreseeable future says James Altucher, managing director of Formula Capital, an asset management firm. The author and venture capitalist tells The Daily Ticker’s Aaron Task that the U.S. is moving toward an “employee-less society.”

“If you’re just sitting still, shuffling paper, they’re going to fire you,” he argues. “Cubicles have become commodities. You’re like the walking dead if you have a job.”

.... “If you’re stuck in a cubicle you have a target on your back…the CEO is looking to cut you out,” he declares. “Temp staffing is sweeping the nation.”

The changing employment climate has made Altucher an advocate of employees quitting their jobs. He lists 10 reasons why workers should give their two-week notice:

1, The Middle Class Is Dead

2. You've Been Replaced

3 Corporations Don't Like You

4. Money Is Not Happiness

5. Count Right Now How Many People Can Make A Major Decision That Can Ruin Your Life

6. Is Your Job Satisfying Your Needs?

7. Your Retirement Plan Is For Sh-t

8. Excuses

9. It's OK To Take Baby Steps

10. Abundance Will Never Come From Your Job


finance.yahoo.com/blogs/daily-ticker/
why-quit-job-now-151346969.html

26 comments:

Anonymous said...

I find this to be an extremely interesting article.
I am a pro-Lab and pro-Capitalism person.
However in today's world I am looking for answers with a less than candid Obama as President I am not sure what is going on and where we are headed.

So the article is interesting and may have some truth. For example how can the stock market be up with the gov't owing 16T$ and when the artificially low interest rates (by the Fed) rise there is no way the payments can be made on the debt because it could be 50-70% of the taxes that we pay going for interest payments.

So I do wonder what the future would look like and this article could certainly be correct because at some point
(unless we get a different President who might tackle the debt issues, cronyism and unionism) the Paradigm
(and society and economic models) is definitely going to change and we might be somewhat like the above article.

I am (sincerely)trying not to be political but even a blind person can see that 8 years of Obama unconcerned about the debt may put us past the point of no return.

I am not sure what would happen to a pension under future concerns but when we pass the Rubicon and if I know anything for certain it is that we are getting there......fast....we will find out.
Option #2 is too just not look and act like everything is fine:)

Anonymous said...


We will outgrow are way out.

Anonymous said...

Seriously? This is the stupidest piece of writing ever. Did you actually read the original author's blog post? Most of what he says is complete BS or is blown way out of proportion.

That said, if I worked at LANL or LLNL, I would probably find another line of work soon. For SNL, its too early to say yet if things will get as bad as you guys have it.

Anonymous said...

WIth all due respect I think with the present lust for taxing corporations, that the money they have overseas (trillions) will not be coming into our country and therefor no growth.

Under President Clinton he balanced the budget and at times we had true economic growth but President Obama does not balance the budget and seems to take pleasure (sorry) in running up the debt.

I word of advice.
Just put on the blinders and smile and pretend that the present administration is as smart as you think and as nice as you think.

Anonymous said...

The yahoo article is a TOTAL waste of bandwidth - BS has reached a new level...sheeeeesh...

Anonymous said...

I think with the present lust for taxing corporations, that the money they have overseas (trillions) will not be coming into our country and therefor no growth.

March 29, 2013 at 9:19 PM

Anyone who thinks about it a little bit will realize that corporations do not pay taxes. Economics 101: Corporations have only one source of money with which to "pay" taxes: their revenue stream. So, given fixed (non-labor) costs, their choices are three: 1) reduce their profits and shareholder returns, 2) lay off workers to reduce labor expenses, thus losing productivity and market share, or 3) increase costs to customers for goods and services. What do you think is going to happen? Right, YOU wind up paying any taxes levied on corporations through increased costs. Happy now? For multinational corporations their choices are more varied and complex, but the result is the same. Corporations will go where the costs of doing business are the lowest, and the profits are the highest. If you are an investor, that's what you want them to do. PS, if you have a pension or a 401k/403b, you ARE an investor.

Anonymous said...

Of course I could apply that same logic to myself.

I pay no taxes. I just pass those costs on to my employer.

Anonymous said...

"Under President Clinton he balanced the budget and at times we had true economic growth but President Obama does not balance the budget and seems to take pleasure (sorry) in running up the debt."

Clinton...Clinton was they worse president ever, he made America a laughing stock, and brought shame to the white house. Remember Monica? Such short memories.

Anonymous said...

Yes point taken about Clinton.

However i think the vague point is that something in our economy has to give and when it does the Paradigm that we have lived with our whole lives will also have to change.

So it could look like the blog posting.

Also per, March 29, 2013 at 10:07 PM.
You make a good point however,
If you believe that 2 trillion dollars coming into our economy (from US corporations) from overseas would not be helpful

then you might want to stop buying your vodka in plastic bottles (lol).

Anonymous said...

Scooby, so when are you posting your new rule: "I will delete anything I don't like"?

Anonymous said...

If you believe that 2 trillion dollars coming into our economy (from US corporations) from overseas would not be helpful

March 30, 2013 at 11:30 AM

If you believe that giving the government 2 trillion dollars more to spend is a good idea...

Anonymous said...

no i think it would be invested in the economy and the government would get some taxes.

Anonymous said...

Since it all comes in to the government as taxes, how would it get to "the economy" unless government spends it?

Anonymous said...

It is not all taxes.

The Large Corporations have some of their profits sitting overseas in investments to avoid US taxes.

If the Corporate tax rates were lowered (like Capital Gains) then the companies could bring in THEIR money and use it here...like building new buildings or more R&D for example.

So it is Corporate money but when it comes into the US and is used here it might be taxed at 10 or 20%.

So the government only gets a percentage in taxes but that wil never happen because Obama raised the Capital Gains rate I think to 25 or 30 %................


Anonymous said...

http://www.pcmag.com/article2/0,2817,2382703,00.asp

Cisco CEO on 60 minutes, good to watch.

Anonymous said...

Anyone who thinks about it a little bit will realize that corporations do not pay taxes.

Maybe. But the same logic could say people don't pay taxes, they just pass that cost along to their employer via the market wage scale.

Corporations have been given political rights in this society. I think they should pay part of the upkeep.

Anonymous said...

Anyone who thinks about it a little bit will realize that corporations do not pay taxes.

Maybe. But the same logic could say people don't pay taxes, they just pass that cost along to their employer via the market wage scale.

March 31, 2013 at 8:46 PM

You miss one very important point. People can attempt to "pass along" costs by demanding wage hikes, but will usually fail, or simply be laid off. Corporations ALWAYS succeed in passing along costs to consumers. Consumers ALWAYS pay corporate taxes. If you insist that corporations pay more taxes, you are merely insisting that consumers pay more for goods and services. It is simple market economics (which you probably don't believe in).

Anonymous said...

It amaze's me that all republicans can do is bash obama. bush started with a surplus. reduced taxes by 5%. we got attacked. we attacked back. we created the largest increase in the federal government ever with hls. hls was never funded! the wars will end but hls is here to stay and needs to be funded!!!! get the picture yet. the gop knew this would happen and is a simple way to cut social programs by saying that they are the problem. unfunded government is the problem.

Anonymous said...

"we got attacked. we attacked back. "

No we did not attack back we surrendered to the terrorists. The terrorists wanted us to give up our freedoms, our ideals, waste our economy, kill our own soldiers, divide us, and most of all make us afraid...in other words terrorize us. We obliged ten-fold and more. No matter how you look at the the terrorists won. We went to war on ourselves.

Anonymous said...

I think the point of the posting is that the way things are going there "might" be big changes ahead.

Yes Presidents have run up the debt overseas but the fact is that obama has run up the debt much more than past Presidents with 3 1/2 years to go.
Unfortunately that is a fact.

Granted it is being spent in the US and not so much overseas.


And if we are going to keep going in the "debt" direction then our country will need a miracle to keep from the inevitable pain coming.

If that miracle doesn't happen pensions will have to be on the table at some point.

I hope not.

Anonymous said...

Granted it is being spent in the US and not so much overseas.

April 2, 2013 at 1:26 PM

Unfortunately, money spent overseas is just the same as debt incurred overseas by borrowing. It's a current liability or a future one. No difference. You don't get to claim credit for spending in the US the money that you borrowed overseas.

Anonymous said...

"If that miracle doesn't happen pensions will have to be on the table at some point." (1;26 pm)


Not only pensions. As we've recently seen in Cyprus, your bank account savings are also up for grabs once a government becomes desperate for cash, which may happen in America given our enormous and growing national debt.

Watch closely the sad events in Europe and assume that those events may occur here at some point.

Anonymous said...

With all these facts why in the world would ANYONE vote for a President who could care less about the debt and factually has put us more in debt then several previous Presidents combined.
Your vote for Obama will cost you much my friends and coworkers.

Don't whine about it when the bill comes due......

Anonymous said...

April 5, 2013 at 12:15 PM:

Hear, hear!

Anonymous said...

You are right. I'll check with my wife.


Wait, she said something about sleeping with the dog.


Is that what was supposed to happen?

Anonymous said...

If your wife is sleeping with the dog, You need to get off the computer NOW.

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