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Old 12-04-2013, 01:03 PM
 
Location: Los Angeles (Native)
25,274 posts, read 15,396,839 times
Reputation: 12121

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Quote:
Originally Posted by doodlemagic View Post
agreed i built a company ffrom $368 up to doing over 2 million a year in sales and had an offer to buy it for 200k which i woudl have had to split with my partner. after taxes i was gonna walk away with like 60k and decided not to sell. taxes are high enough as it is. im not rich yet they still wanna take 40k from me in one swipe in addition to all the income taxes i pay so they can redistribute it to someone else. get lost.
$2million a year in sales and offer was only 200k? What was yearly profit? That sounds like a very low offer, but of course it depends on the net profit.

 
Old 12-05-2013, 10:40 PM
 
1,092 posts, read 1,275,154 times
Reputation: 737
Clearly, he just had a bad offer, don't know what he saying

Like to note don't agree with Warren, but she is good at showing wealth disparity and where the money goes
 
Old 12-06-2013, 12:32 AM
 
26,145 posts, read 28,535,783 times
Reputation: 24859
Quote:
Originally Posted by jimhcom View Post
There is only one way to end the growing trend of wealth disparity, and that is to return to a true free market economy.
Our current economic system is one in which big business uses government to suppress the competition posed by small business and by individuals.
The current scheme of taxes, regulations, and laws makes it financially unfeasible for small business and individuals to compete with big business despite the obvious efficiency problems associated with big business.
Socialism benefits the wealthy at the expense of the people.
Very true.

The thing a lot of people do not understand is there's a big difference between a private market and a free one. Much of what is called "Capitalism" is nothing more than private cronyism. And the anti-capitalist crowd wants to replace private cronyism with public cronyism, aka "socialism". Crony-capitalism, (I've also heard it referred to as Cartel-ism) and Socialism are just 2 different masks on the same tyrannical face.

Last edited by mysticaltyger; 12-06-2013 at 12:41 AM..
 
Old 12-06-2013, 07:51 AM
 
212 posts, read 203,838 times
Reputation: 61
Quote:
Originally Posted by tijlover View Post
Re-reading, or reading history books might help the get the rich to share more of their wealth. And bearing in mind: Nothing succeeds like excess!

What led to the rich leaving Russia 100 years ago, the rich leaving the North African countries 50-60 years ago, the rich leaving Venezuela, Cuba, Nicaragua, Cambodia, Vietnam?

Any number of them, particularly in Russia and Cambodia, kept thinking the regime change was temporary, it would dissipate, and got locked in! Ah, yes! The basis of optimism is sheer terror!

When the rich Jews left Cairo, the ones that waited too long, were only allowed to take $200 with them upon their departure, and had to leave all material possessions behind, except clothing! Good-bye mansion!

If I were rich, I'd bear history lessons in mind!

LOL

The rich are still there in Cuba and Venezuela and elsewhere, only their names have been changed to Castro, Chaves, and et al.
 
Old 12-06-2013, 08:03 AM
 
212 posts, read 203,838 times
Reputation: 61
Quote:
Originally Posted by ThatCrazyRedhead View Post


mysticaltyger
I think we need to start a thread:

10 Ways to force the stinking poor to get into the prosperity mindset. Some suggestions:

1. Don't have kids when you're a teen.
2. Don't have kids out of wedlock.
3. Don't have kids if you can't afford them.
4. Use birth control. Every time.
5. Spend time in school and actually take the time to study and learn stuff that's useful to the work world.
6. Save a portion of everything you earn from your very first paycheck.
7. Invest a portion of every paycheck in a mutual fund. Don't know what a mutual fund is? Look it up. That's why there's Google.
8. Don't blow money on any of the following: cigarettes, alcohol, drugs, tattoos.
9. Learn to cook cheap meals for yourself that are made from REAL ingredients: beans, lentils, whole wheat pasta, brown rice, couscous, vegetables, fruits. Cooking real food doesn't have to be expensive. Keep meat consumption to a minimum.
10. Graduate from high school. Get decent paying employment. Then marry (if you so choose). Then have kids (if you so choose). In that order. Avoid divorce like the plague, especially if kids are involved.



ThatCrazyRedhead
You are awesome!

!



He ought be on the panel of the Bill Maher Show....
 
Old 12-06-2013, 08:06 AM
 
212 posts, read 203,838 times
Reputation: 61
Quote:
Originally Posted by MilksFavoriteCookie View Post

.... she is good at showing wealth disparity and where the money goes
WHAT ABOUT WORK DISPARITY?

mysticaltyger
I think we need to start a thread:

10 Ways to force the stinking poor to get into the prosperity mindset. Some suggestions:

1. Don't have kids when you're a teen.
2. Don't have kids out of wedlock.
3. Don't have kids if you can't afford them.
4. Use birth control. Every time.
5. Spend time in school and actually take the time to study and learn stuff that's useful to the work world.
6. Save a portion of everything you earn from your very first paycheck.
7. Invest a portion of every paycheck in a mutual fund. Don't know what a mutual fund is? Look it up. That's why there's Google.
8. Don't blow money on any of the following: cigarettes, alcohol, drugs, tattoos.
9. Learn to cook cheap meals for yourself that are made from REAL ingredients: beans, lentils, whole wheat pasta, brown rice, couscous, vegetables, fruits. Cooking real food doesn't have to be expensive. Keep meat consumption to a minimum.
10. Graduate from high school. Get decent paying employment. Then marry (if you so choose). Then have kids (if you so choose). In that order. Avoid divorce like the plague, especially if kids are involved.
 
Old 12-07-2013, 01:46 PM
 
Location: Monterey County California
272 posts, read 249,340 times
Reputation: 276
I think we need moderate taxes to pay for the normal things in life but that means I don't think the rich owe anyone anything just because they are rich. Heck, I aspire to be them one day.
 
Old 12-07-2013, 02:08 PM
 
Location: The Triad (NC)
28,537 posts, read 62,253,689 times
Reputation: 32267
Quote:
Originally Posted by onlymike View Post
I don't think the rich owe anyone anything just because they are rich.
Yeah, they do. And for exactly that reason.

Quote:
I think we need moderate taxes to pay for the normal things in life...
More important (to both points) is the nature of the expenditures (and taxation).
How that tax money is spent and by extension what it needs to be spent on.
At present... we have far too many takers relative to givers.

The first 10% of that is an unavoidable responsibility; the second 10% is in the nature of life.
Beyond this 20% however, and especially to the extent that it's too often a static population
that is doing the taking, is where the hard work and tough choices that need to be done lies.
 
Old 12-08-2013, 01:43 AM
 
242 posts, read 224,150 times
Reputation: 278
Quote:
Yeah, they do. And for exactly that reason.
why does someone who is rich owe anyone anything? being rich does not make them any different from anyone else and it doesn't somehow make them more responsible for the well being of others than someone who is dirt poor.

why stop at rich people, lets make smart people share their intelligence with everyone else, I could go on with more ridiculous examples but I won't. Just because one person has something that other people desire or could use is no reason to force them to share it.

If they want to share their wealth they are more than free to do so (although if I were rich I would much rather do it through charities and organizations and institutions that were actually effective at helping rather than the government) and good for them. If they want to live like Scrooge McDuck with a huge vault in their home where they take daily swims through their wealth that should be their right as well.
 
Old 12-11-2013, 06:11 AM
 
329 posts, read 399,301 times
Reputation: 316
I m rich and don t pay tax... Why should I?
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