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.
US is 30%...
if u make $30K, u take home 21k.
if u make $100k, u take home 70k
Incorrect, the US uses a graduated income tax that ranges anywhere from 10% to 40% depending on your income level.
BUT, your post proves my point, not even the uber-wealthy pay 50% in taxes, which is why I am asking the OP why he is claiming that half of his income is taken to pay for "welfare, banker bailouts, and constant war".
Its not the companies (which many were at one time very good) but the psychopaths/sociopaths that are given power. The worst thing you can do is put someone with a SEVERE mental/personality disorder into power. These types of people need to go and should be nowhere near power positions. They are evil personified.
Sadly, there are more Nutty people out there now in the world than decent ones with morals, ethics. They would gladly kill someone to save a nickel.
The gene pool is what needs to improve. And theres is much greed now. How many steaks can you eat in one day?
There really isn't much difference between most corporate execs today and genocidal dictators. Just a difference of a degree. They all the same same mental/personality flaws
You truly believe that most company executives have mental/personality flaws?
You truly believe that most company executives have mental/personality flaws?
Throwing thousands of people out of work due to their BAD Business decisions, and outsourcing thousands of jobs overseas to save pennies while , taking all the jobs from the American workers and destroying their livelihood and taking food off their table while taking MILLIONS of dollars in bonuses for doing a lousy leading the business. Cutting their workforce so they can buy a 2nd or 3rd yacht etc.
No Not at all.. Totally normal people with all their mental faculties in place
Theres no checks and balances in business so when a psychopath/sociopath takes over.. Watch out. There is NO accountability for this evil. Thats why companies are where they are today.
The guy cleaning the restroom toilets have more accountability than the execs at the top.
Worker disengagement at an all time high.. Employee morale at an all time low.. Gosh I wonder why??
Throwing thousands of people out of work due to their BAD Business decisions, and outsourcing thousands of jobs overseas to save pennies while , taking all the jobs from the American workers and destroying their livelihood and taking food off their table while taking MILLIONS of dollars in bonuses for doing a lousy leading the business. Cutting their workforce so they can buy a 2nd or 3rd yacht etc.
No Not at all.. Totally normal people with all their mental faculties in place
Theres no checks and balances in business so when a psychopath/sociopath takes over.. Watch out. There is NO accountability for this evil. Thats why companies are where they are today.
The guy cleaning the restroom toilets have more accountability than the execs at the top.
Worker disengagement at an all time high.. Employee morale at an all time low.. Gosh I wonder why??
For better or worse, the goal of a for-profit business is about increasing the value of the shares and the wealth of the shareholders. Executives have a job to do as well, and if they do not do that job (increase shareholder wealth), they will be fired, and replaced with someone who will. At the end of the day, no company is a charity, and if the activities of an employee or business division negatively effect the value of the company, they will be let go.
I understand this is often sad and has some undesirable outcomes, but it is not some sociopathic scheme devised by evil people, it is simply the machinations of basic capitalism. There are millions of middle-class americans who's retirement accounts hold Coke/P&G/BoA/Etc stock, and I promise you that they all wan't to see the value of that stock go up.
I agree that bonuses for executives are often excessive, but from the perspective of the shareholders they often represent a vary small percentage of even a single cent increase in stock price, and from that angle they are a small price to pay to motivate growth.
You say there are no checks and balances among execs, but accountability to shareholders is the ultimate check and balance, whether you agree with the actions of the "balancers" or not.
Throwing thousands of people out of work due to their BAD Business decisions
If the decisions are "bad", why isn't the company out of business?
Quote:
and outsourcing thousands of jobs overseas to save pennies
You really, honestly believe that employers will deal with the communication and cultural issues, as well as dealing with non-US laws and tax codes, to "save pennies"?
Quote:
while taking all the jobs from the American workers and destroying their livelihood and taking food off their table while taking MILLIONS of dollars in bonuses for doing a lousy leading the business.
Oh, now it isn't "pennies", it's MILLIONS! And making all that money from doing a lousy job, wow!
Quote:
Cutting their workforce so they can buy a 2nd or 3rd yacht etc.
Now it's tens of millions! So... real money? Maybe that's the incentive? Regulations and unions and bureaucracy make American workers so expensive that companies can save HUGE amounts of money by dealing with non-US laws and taxes and cultures, and you blame the companies for not spending as much as they possibly can?
If all that's so wrong, why aren't you starting a business and running it correctly?
The system is not perfect, but neither is life. Get used to it, because the world doesn't revolve around you, your career, your ambitions, etc. People just want crap to get done efficiently, so we don't have to become a 3rd world country. Is it too much to ask for you to put in an effort, and actually rise above a challenge?
How much longer is this system going to last? Where we are paid peanuts, with no benefits or health, for hard work that barely covers the cost of rent or our mortgage, and that destroys our lives? Where we are constantly given more to do, told to put or shut up, or we can go jobless and compete with millions of immigrants? And if that isn't enough, they'll do everything they can to outsource our work elsewhere?
And on top of that, whatever we are paid, half of it is taxed to pay for welfare, banker bailouts, and constant war against countries that hate us precisely because we wage war on them?
10, 20, 50 years? Forever?
Are working Americans so addicted to food, drugs, sports, and entertainment, that they will put up with this forever?
Depends where you live - in the UK there is free healthcare, freeish education and a minimum wage, you can still have be successful capitalist country but look after people.
Agreed but trying talking to anyone about anything remotely political that actually effects their daily life a minimum wage, lower taxes, economic freedom in your life you will just get a confused smirk. The media focus on distracting you in issues which are not important.
I think the reason is once you start complaining about things it won't get you anywhere, or your seen to as having a bad attitude, or just a loser blaming your failings on the system so people just go along with but are angry and bitter underneath.
How much longer is this system going to last? Where we are paid peanuts, with no benefits or health, for hard work that barely covers the cost of rent or our mortgage, and that destroys our lives? Where we are constantly given more to do, told to put or shut up, or we can go jobless and compete with millions of immigrants? And if that isn't enough, they'll do everything they can to outsource our work elsewhere?
And on top of that, whatever we are paid, half of it is taxed to pay for welfare, banker bailouts, and constant war against countries that hate us precisely because we wage war on them?
10, 20, 50 years? Forever?
Are working Americans so addicted to food, drugs, sports, and entertainment, that they will put up with this forever?
FOREVER, or until we business owners decide you are worth a change to the way we do things.
So long as we control the money and politicians, workers will always be nothing but the effluent flowing out to sea. You have no say if we outsource. You have no say if we import immigrants. You will do the job we pay you to do or you will be replaced. You are expendable.
There will be no revolution and the last election proved why. As a business owner, we got what we wanted and I can assure you, I will have the most profitable years coming up. We won, and it was many workers that handed us our victory over you.
The median family income is now well over $50,000. In most of the country that's enough to have a comfortable living and even buy a house. Your first paragraph could describe those making $100,000 or more in higher cost areas like San Francisco Bay Area and Seattle, but I wouldn't expect that demographic to start a revolution. There will continue to be $15/hour minimum wage protests and more cities/states raising it, but there are already plenty of threads on that.
NO. The median income is around $53k - but that is per HOUSEHOLD, not per family. And it totally ignores a lot of important factors.
A household may be comprised of just one person - or it may be 12 or more people who are unrelated in a boarding house. Or 2, or even 3, families sharing a home.
So that number is not terribly useful. It is also thousands of dollars LESS than it was in 1999, even ignoring inflation.
Secondly, that is GROSS, not take home.
Thirdly, it includes any government subsidies received by everyone in the "household". Its not just salary. So - grammas hospice care, TANF, SNAP, Medicare/Medicaid costs all get figured in. That's not real money. It's great people have those services, but it is not real money.
And finally - it includes people who live in super expensive cities in CA and all along the eastern seaboard (and everywhere in between).
So if you are earning the "median" household income in Jefferson City, MO, as a single person, you're doing pretty well.
But if you and your 2.5 kids and spouse live in NYC - you're in deep caca.
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.
Totally normal people with all their mental faculties in place
