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Old 05-05-2010, 03:56 PM
 
Location: Texas
380 posts, read 642,663 times
Reputation: 228

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Quote:
Originally Posted by hskrfan2187 View Post
...the rich have already built wealth. You (the average American citizen) will suffer the most from this. Socialist programs oppress people and force them to stay at their current social standing because it makes it harder to build wealth. In a true free market economy there would be a lot more "rich" people than there are now. But every time you increase taxes or add more socialist programs you push some of the "rich" into the middle class and in return they make it harder to climb out of that standing due to the tax oppression.

You need not worry about the people that have already accumulated wealth, but worry about yourself and your kids, because now the government is making it much harder to succeed. It's ok though, you think, because they promise you "security."

...People that are "rich" work their butt of to get to where they are at. Is it true that 10% of 1,000,000 is much more than 10% of 100,000? YES, those are the rules of math. So of course the rich can compound their wealth at a faster rate, but that is looking at the "rich" after they got to that status level.

You have to look at where they started. 80% of millionaires in this country are self-made, meaning at some point in time they were in the lower middle class or middle class. They chose to save and invest their money instead of spending it on useless consumer products. That is how you produce wealth, you don't produce it by the government giving you free handouts.

If you can't become wealthy on your own then you will never be wealthy because it can't be given to you, no matter how many socialist programs you benefit from. Becoming wealthy is a way of life (living frugally and investing) and just because you aren't willing to do that doesn't mean you should punish those that work harder than you. You should look yourself in the mirror when you wake up and figure out what YOU have to do to make a better life for YOU and your family.

If you read "the millionaire next door," you would realize that the average millionaire makes LESS than $100,000/yr and the average Dr. or Lawyer doesn't have enough in their savings to sustain their lifestyle for a year without their income from their job. So yeah it is unfair, you can spin it anyway you want in order to make yourself sleep better at night but at the end of the day these people will still be more successful than you because they worked harder and didn't expect the gov't to give them anything.

Statistics also show that the average person who inherits substantial wealth from their parents burns through all the money and have nothing left to give their own offspring. So those "spoiled brats" that people complain about, because they were born into wealth, burn through the wealth their parents worked so hard for and they have nothing to leave to the kids. Those are the facts, so no matter how you look at it it still shows that hard work creates wealth. There is no gimmicky formula for the gov't to force wealth down your throat, you have to want it deep down in order to achieve it. No social program will be able to accomplish that.

Take a statistics class and apply it to social standing. You will see that there will be far fewer outliers as you increase taxes (outliers are the extreme to either the right or left, in this case it would be the right outliers indicating the rich) meaning a greater proportion of people will be pushed into the far left outlier (poor) and middle-class standings, [and will find it difficult to get out due to the tax oppression]. The great thing about mathematics is that you can't change the rules of the universe. They apply no matter how much your opinion wants to disagree with them, and at that moment you are faced with the facts and reality.
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