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Old Today, 08:32 AM
 
580 posts, read 121,434 times
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Quote:
Originally Posted by MrRational View Post
Perhaps. But if you really want to worry
look at the measures under discussion to tax assets (vs income).


https://prospect.org/article/shaky-c...ealth-taxation
It can be tough living in the Little Red Hen society.

Everyone wants to help eat the bread.
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Old Today, 08:42 AM
 
2,603 posts, read 677,801 times
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Quote:
Originally Posted by StrawberrySoup View Post
It can be tough living in the Little Red Hen society.

Everyone wants to help eat the bread.
A progressive is someone who feels a great debt to society, which debt they will gladly repay with your money.
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Old Today, 09:05 AM
 
Location: SoCal
13,919 posts, read 6,656,371 times
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The last time I felt wealthy was back in 1999/2000, then the ring was pulled under us. I haven’t feel wealthy since. Economic insecurity even in retirement. My husband says wealthy is when you can go over to London and plot down $25 million to buy a property there, without flinching. So that’s why we don’t feel wealthy.
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Old Today, 09:15 AM
 
Location: USA
1,114 posts, read 438,699 times
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Quote:
Originally Posted by RationalExpectations View Post
A progressive is someone who feels a great debt to society, which debt they will gladly repay with your money.
Not to mention the guilt. Who coined the term, "the tyranny of low expectations"?
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Old Today, 09:18 AM
 
Location: USA
1,114 posts, read 438,699 times
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Quote:
Originally Posted by NewbieHere View Post
The last time I felt wealthy was back in 1999/2000, then the ring was pulled under us. I haven’t feel wealthy since. Economic insecurity even in retirement. My husband says wealthy is when you can go over to London and plot down $25 million to buy a property there, without flinching. So that’s why we don’t feel wealthy.
We don't feel wealthy but we do feel secure. My last two largest cash expenditures was land at just over $50,000 and a (cpo) vehicle at $46,xxx. One was this year, the other was last year. The land is for our retirement home and the vehicle was for me. I felt extremely fortunate to pay them outright and I didn't even flinch.

Much.

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Old Today, 09:22 AM
 
Location: SoCal
13,919 posts, read 6,656,371 times
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I have more money now but the economic insecurity has not totally evaporated. It’s has nothing with reality. It’s maybe just feeling.
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Old Today, 09:28 AM
 
Location: USA
1,114 posts, read 438,699 times
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Quote:
Originally Posted by NewbieHere View Post
I have more money now but the economic insecurity has not totally evaporated. Itís has nothing with reality. Itís maybe just feeling.
I get that totally. I'm working for the fun of it while waiting on my wife to retire and if my job goes away tomorrow, I'll worry despite every indicator telling me that we'll be fine.

I guess it's the last of a j-o-b, its regular payment and the lack of realization that instead of a salary, I'll have other payments to help replace it. I'll get there - there'll be no other options at some point.

For now, we have our normal budget and savings goals. The only thing that's changed since I'm working past 60 is that there is no guilt if we don't meet our monthly savings goal. That doesn't mean we're spending every penny that comes in but now, we don't sweat it. It's all icing on the cake at this point and being debt-free makes the icing that much better.
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Old Today, 09:59 AM
 
7,208 posts, read 1,559,452 times
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Quote:
Originally Posted by RationalExpectations View Post
A progressive is someone who feels a great debt to society, which debt they will gladly repay with your money.
I don't think I have ever seen an opinion on City-Data that was put so succinctly and so well!

I think I am going to put that in my "quotes to remember" file!
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