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It is a comprehensive article here if anyone wants to discuss it. My opinion is that few things will change, but tax policy might.
Tax policy? You mean after you amend the US Constitution?
So I use my money, investors' money and the banks money to buy land and build a 20-story hi-rise condo, apartment, retail and office complex that other people say is worth $14 Million.
20 years later, other people say it's worth $80 Million.
I mention that, because that is wealth and a lot of people can't seem to grasp the concept.
Wealth and income are not exactly the same.
For those who get bent out of shape and pee their panties, can someone kindly explain how it is my fault that other people now say my property is worth $80 Million?
For those who have issues, you all need to be addressing the other people, not me.
The only thing I did was work to acquire the money to award the contracts.
That's yet another thing people can't seem to wrap their brains around.
You have to want wealth to have it.
Those who want wealth work to create wealth and thus have wealth.
Those who do not want to work to create wealth don't have wealth.
So, kindly explain why I should suffer or penalized because other people are too damn lazy to make the effort to acquire wealth?
Do you all want me to hold the hands of those people not interested in building wealth and force them to build wealth?
I will, but I charge $750/hour for that. You can send the payment to my Paypal account.
Ooops...first things first, what law or authority do I have to force other people to want to build wealth?
I mean, do I have the power to cancel someone's cable and internet streaming services contracts to use that money to build wealth?
They only have to do without cable and internet streaming services for 5-7 years until they get their wealth built then they can have them back.
I know they will struggle terribly without cable and internet streaming services and experience severe depression and deep dark misery, not to mention cable withdrawal symptoms, but sometimes sacrifices have to be made in order to build wealth.
^
I don’t have a strong opinion on the article other than the fact that the status quo is likely. Whether the status quo is sustainable is a larger question. Too few people know how to grow and build wealth as well as invest. Few people saw a small business apocalypse due to Covid last year, though.
I cant read the article without subscribing but I expect it is about those who earn and spend vs those who take risks and start business or invest. Obviously if you don't invest and take risk, you don't get reward. Paycheck to paycheck living will not build wealth.
Tax policy? You mean after you amend the US Constitution?
So I use my money, investors' money and the banks money to buy land and build a 20-story hi-rise condo, apartment, retail and office complex that other people say is worth $14 Million.
20 years later, other people say it's worth $80 Million.
I mention that, because that is wealth and a lot of people can't seem to grasp the concept.
Wealth and income are not exactly the same.
For those who get bent out of shape and pee their panties, can someone kindly explain how it is my fault that other people now say my property is worth $80 Million?
For those who have issues, you all need to be addressing the other people, not me.
The only thing I did was work to acquire the money to award the contracts.
That's yet another thing people can't seem to wrap their brains around.
You have to want wealth to have it.
Those who want wealth work to create wealth and thus have wealth.
Those who do not want to work to create wealth don't have wealth.
So, kindly explain why I should suffer or penalized because other people are too damn lazy to make the effort to acquire wealth?
Do you all want me to hold the hands of those people not interested in building wealth and force them to build wealth?
I will, but I charge $750/hour for that. You can send the payment to my Paypal account.
Ooops...first things first, what law or authority do I have to force other people to want to build wealth?
I mean, do I have the power to cancel someone's cable and internet streaming services contracts to use that money to build wealth?
They only have to do without cable and internet streaming services for 5-7 years until they get their wealth built then they can have them back.
I know they will struggle terribly without cable and internet streaming services and experience severe depression and deep dark misery, not to mention cable withdrawal symptoms, but sometimes sacrifices have to be made in order to build wealth.
Only way those "other people" can say your building is worth so and so is if they can actually back up with cold hard physical currency. Not made up currency, or paper they can just be printed out of thin air at any whim.
If I say your building is worth $100 septillion right now, and I have govt entity or whoever just print it out, or I have the bank just change some digits on their computer cloud system, and write it out on some piece of paper with signatures, is is just diluting the real supply of money that most other people have.
Nor is exchanging money bow for a greater denomination later on which also has to just be printed out, or retyped into the computing cloud. No way to fill out all those IOUs with taxes. The whole population put together dont have enough to cover all the IOUs.
I cant read the article without subscribing but I expect it is about those who earn and spend vs those who take risks and start business or invest. Obviously if you don't invest and take risk, you don't get reward. Paycheck to paycheck living will not build wealth.
Is not about investing either. It is about how much you invest, and how many times you can invest. The smaller the investment the smaller the returns, and probably a greater chance of failing too. Small businesses just dont survive. The more you invest, the more you can make, but if you lose, you lose big.
Is not about investing either. It is about how much you invest, and how many times you can invest. The smaller the investment the smaller the returns, and probably a greater chance of failing too. Small businesses just dont survive. The more you invest, the more you can make, but if you lose, you lose big.
The "issue" is that more at the outset begets more gains.
That's why small time investors have such a problem making a go at it. A guy making $50,000 contributing 10% to his 401k just doesn't have the initial capital to make many gains. You have to start with a big auger to bore with one.
The "issue" is that more at the outset begets more gains.
That's why small time investors have such a problem making a go at it. A guy making $50,000 contributing 10% to his 401k just doesn't have the initial capital to make many gains. You have to start with a big auger to bore with one.
Then I say the question is how anyone got the big auger in the first place.
Tax policy? You mean after you amend the US Constitution?
So I use my money, investors' money and the banks money to buy land and build a 20-story hi-rise condo, apartment, retail and office complex that other people say is worth $14 Million.
20 years later, other people say it's worth $80 Million.
I mention that, because that is wealth and a lot of people can't seem to grasp the concept.
Wealth and income are not exactly the same.
For those who get bent out of shape and pee their panties, can someone kindly explain how it is my fault that other people now say my property is worth $80 Million?
For those who have issues, you all need to be addressing the other people, not me.
The only thing I did was work to acquire the money to award the contracts.
That's yet another thing people can't seem to wrap their brains around.
You have to want wealth to have it.
Those who want wealth work to create wealth and thus have wealth.
Those who do not want to work to create wealth don't have wealth.
So, kindly explain why I should suffer or penalized because other people are too damn lazy to make the effort to acquire wealth?
Do you all want me to hold the hands of those people not interested in building wealth and force them to build wealth?
I will, but I charge $750/hour for that. You can send the payment to my Paypal account.
Ooops...first things first, what law or authority do I have to force other people to want to build wealth?
I mean, do I have the power to cancel someone's cable and internet streaming services contracts to use that money to build wealth?
They only have to do without cable and internet streaming services for 5-7 years until they get their wealth built then they can have them back.
I know they will struggle terribly without cable and internet streaming services and experience severe depression and deep dark misery, not to mention cable withdrawal symptoms, but sometimes sacrifices have to be made in order to build wealth.
yep , when you are right your right .
those who truely want to build wealth will find a way , the rest will find an excuse.
it is far easier to find an excuse then a way .
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