The Rich Are Hoarding Cash -- and That's Not Good For Employment ! ! ! (Schumer, millionaire)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
But government could stop stealing my money, and it could stop driving up the price I must pay for more/better housing than I prefer to pay. Then I could save up money and start my own business.
If you really had the desire, you could start your own business right now with what you have. You just have to want it badly enough.
If government didn't basically force us to spend so much on housing (half of all low-income renters pay at least half their income for rent, according to Mortgage News Daily), we just might be able to save more spend less and pay down debt.
The government does not force anyone to pay to much
for a house that is a persons own fault if they pay to much ! ! !
.
80% of millionaires today are first generation millionaires who worked to earn their wealth.
Only 20% inherited their wealth.
7 Millionaire Myths - Yahoo! Finance
Many millionaires simply worked, saved, and lived within their means to generate their wealth -- think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died -- they worked for the money.
Think sports figures. Think authors of best selling books. Think actors and actresses. Some how people "think" that its only policiticans and corporate CEOs that make up the 1%.
Originally Posted by freemkt
If they're regular people, how come I've never seen a millionaire burger flipper?
Quote:
Originally Posted by HappyTexan
Because one has to move themselves up from a min wage job. If the best you can do is be a burger flipper for 30+ years then you have sealed your fate in life. No one is going to hand you money.
LOL, I had to laugh at freemkt's comment. Are people really this clueless?
HappyTexan your right, people who expect handouts or will not educate themselves have a poor mans mentality. They have sealed their fate in life. I don't hear anywhere where Obama promises to make them rich. I only hear how Obama wants to take people down. By the way, 250K is not rich.
the poor the unmotivated the disenfranchised those that refuse to learn and those who refuse to work, want u to invest in their future. if you are a betting man, u wont do it.
1. It is bad because it is a sign things are going to get worse.
2. Taxing at a high percentage won't cure anything...it will make things worse. I think we should abandon the progressive tax system in favor of a flat tax. $25k tax free, everything over that taxed at 30% for individuals. A universal flat tax for businesses at 15% for anything over $100m (i.e. only the largest corporations would pay taxes).
3. The government should buy/pay off 40 to 60% of the student loan debt (both private and federal loans). While I don't like the idea, it would free up $400 to $600+ billion for those with student loans to put back into the economy. I view it as a necessary evil.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
