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All these $250,000 earners are exactly the people who benefit from our inflationary monetary system. All these $250,000 earners are the ones who are benefitting from this "bailout" and this "quantitative easing".
The people who pay for it, are all the people who earn their wages in U.S. Dollars.
So take your advice to "worry less about what others are doing", and stick it where the sun doesn't shine. Our national financial system, including an equitable system of taxation, is absolutely my business as an american.
Most Americans have no clue how their fiat based monetary system works. The US dollar has lost 70% of its value due to the private Federal Reserve system printing money like crazy. And you're right it's the rich who have stock in all these banks and the WallStreet speculators who have made a killing from this monetary ponzi scheme. But instead of seeing our monetary system for what it is......everyone else needs to simply work harder and "make it".
So all liberals must be poor huh? Your paradigm diatribes are all too common in America these days. Everything is a left right center issue with people like you. Hey genius I'm a libertarian and I voted for Ron Paul. That doesn't mean I don't believe in economic justice and equality. A free and open market one in which true capitalism flourishes would provide that. An economy based on sound money and sound investments not a few filthy rich speculating the rest of us into poverty so that our taxes can bail them out. America isn't a capitalistic country otherwise AIG, GM and a host of other multinational corporations would have gone flat broke and bankrupt. If America was a capitalist country we wouldn't have a government that privatizes profits and socializes losses the way they do. I'm hardly envious and FAR FROM greedy. And my point regarding the rich was in response to others who would argue just the opposite.....that all middle class people are undereducated spendthrifts who don't work hard and want a piece of everyone else's pie.
Again, if you are not satisfied with your socio-econmic situation, stop blaming others you see as an "impediment" to your success and get to work. Class warfare is the refuge of the indolent that applies the soothing balm of dissociation from one's responsibility. This is a great tool for the socialists and appeals to the disgruntled and lazy as an excellent excuse for thier failures.
I am not suggesting that everyone who is middle class is lazy or uneducated- far from it. However, most of the middle class people I know are relatively happy with thier position in life and do not spend thier waking hours blaming others for thier position in life.
The US is the most open and free nation in the world. If it is one's objective to become rich, one certainly can in America. However, I think it is certainly a sad state of affairs when has as their life's objective to simply accumulate wealth. Wealth should be an artifact of hard work and a benefit of doing a job well.
No the point of the thread was to counter the claim that people making $250K cannot be considered "weathy' in America. You've managed to project your own situation into the argument therefore emotionally diluting the entire debate. You must be a woman.
Good, more name-calling.
I'm a man. And while I'm not your father, I'm the man your father should have been. Then you might not be so bitter and carry around such a worthless sense of entitlement.
Your original post was ALL emotional. All of your posts are ALL emotional. You want to decide what other people should make, what they should keep, and where they should live. When people respond with facts you call them names and pretend that everyone is getting all emotional with you.
Whatever state your life is in right now is your own responsibility. Fix it yourself if you want it to be better, because nobody has to take on the responsibility of fixing it for you. Asking the government to pick other peoples' pockets (because you want that money to trickle down to you whether you admit it or not) is a sure sign of someone who has no intention of being a productive person on their own.
Most Americans have no clue how their fiat based monetary system works. The US dollar has lost 70% of its value due to the private Federal Reserve system printing money like crazy. And you're right it's the rich who have stock in all these banks and the WallStreet speculators who have made a killing from this monetary ponzi scheme. But instead of seeing our monetary system for what it is......everyone else needs to simply work harder and "make it".
I agree, although technically a person's income is not a measure of how "wealthy" they are. Wealth and income are different. To illustrate this:
If you inherited prime developable land, for example, you've been making a KILLING for the past 20 years by sitting on your thumb. But if you contribute to society as an engineer, or a doctor, your income has lagged inflation over the past 20 years.
We have a system where the people who own assets get richer and richer, as we debase the dollar. If the economy was sound, I'd say sure, lower taxes. But the economy ISN'T sound, it is in a state where we are transferring wealth from the lower and middle classes, to the upper classes. As such, these people need to have their faces taxed off.
In any case, 2% of households in my area earn over $250,000 a year. I fail to see how the highest-earning 2% of the population could be considered the middle class.
So why don't you move? I'm supposed to feel sorry for you because you live in one of the most expensive areas in the country and want to give your kids and your family the perfect little life yet you whine because $250K isn't enough to satistfy all your wants and needs? LOL.....that is the society that America has become. Sorry but NYC is hardly representative of America. In fact it's a bubble. Most New Yorkers spend their whole lives living in that bubble. You should try getting out more.
Let me explain something to you .... you are promoting the financial slavery being slowly implemented across the board ... some areas are higher cost areas, and the associated incomes rise to effectively meet these costs .... some people are fortunate to have incomes that they can pick up and move to lower cost areas (such as you described your position) but that's rare. If everyone could do that .. they would ... and then that cheaper to live area you moved to would magically become very expensive, very quickly, as all of that new money moved in.
You apparently don't understand this cause and effect ... it's not the lowest income brackets that set the price points ... it's the highest ones that do .. forcing everyone under them to suffer those increases that really don't affect the wealthy at all. This is precisely why the wealth distribution is so lopsided, because you have to account for debt owned as well as assets owned ... the difference is the true measure of wealth, not simply the income.
If you are a business owner, and make a Million a year ... you might ... after calculating income versus debt find yourself in the $150K income range, as your margins might run 7-12% ... with any economic downturn (such that we are facing now) threatening to bankrupt you in 24 months or less.
The multi-Billion corporation however, can easily absorb a 15% or 20% decline by killing 20% of it's operating costs (Employees) placing all the pressure on that Million Dollar small business who will suffer the consequences of that increased unemployment.
Those with this attitude of "I got mine because I'm smart, and don't expect me to feel sorry for you because you aren't smart like me" just don't understand what shaky ground they are actually standing on as they preach such nonsense.
There are no Islands in the 99 % club ... the 1% club own all of them ... and the 99% are just paying rent. Some have fancier places than others ... some drink better Whiskey, and smoke better cigars ... but they are still renters ... living on someone else's Island.
250 is not wealthy, especially in a large city. It's a very comfortable living if you live within those means, don't try to keep up with others, and you could possibly BUILD wealth of you are good at investing and such. You certainly cannot compare 250 to Gates or Buffet types.
So no, 250 is not wealthy, not even rich.
I'd guess that whether or not $250k annual income is 'rich' or 'wealthy' would depend a lot on the financial status of the person looking at it. For example, my annual income right now is approx $17k and the highest annual income of my late husband was approx $55k. So, yeah, to me that $250k looks like a fortune. To someone making that amount or more and living such a lifestyle as to need every cent of it, then no, it wouldn't look like much at all. And I think that is the main problem with debating what makes a 'fortune' - everyone is looking at it from very different viewpoints and simply cannot see it from the other person's point of view at all.
All these $250,000 earners are exactly the people who benefit from our inflationary monetary system. All these $250,000 earners are the ones who are benefitting from this "bailout" and this "quantitative easing".
.
again wrong...so you are asaying that a household where the wife is a workingclass teacher and the husband is a workingclass cop, just because they earned 250k they are the 'benefiters' of 'bailouts' and 'quanitative easing'
again. the people spewing this '250k is rich' garbage dont look at the big picture
even in NON high cost of living areas,,,are you going to say a teacher earning 60k and a cop earning 60k (household of 120k) is rich....what'snext....40k is rich
Again, if you are not satisfied with your socio-econmic situation, stop blaming others you see as an "impediment" to your success and get to work. Class warfare is the refuge of the indolent that applies the soothing balm of dissociation from one's responsibility. This is a great tool for the socialists and appeals to the disgruntled and lazy as an excellent excuse for thier failures.
I am not suggesting that everyone who is middle class is lazy or uneducated- far from it. However, most of the middle class people I know are relatively happy with thier position in life and do not spend thier waking hours blaming others for thier position in life.
The US is the most open and free nation in the world. If it is one's objective to become rich, one certainly can in America. However, I think it is certainly a sad state of affairs when has as their life's objective to simply accumulate wealth. Wealth should be an artifact of hard work and a benefit of doing a job well.
Are you SURE you really want to make that argument.
The government steals from the middle class everyday to pay for the rich and to bail out banks and corporations. All together now..A I G ........
I see, two wrongs will make a right. We won't stop the money from bank bailouts, instead we'll just have them take money from other unrelated rich people. Ugh.
again wrong...so you are asaying that a household where the wife is a workingclass teacher and the husband is a workingclass cop, just because they earned 250k they are the 'benefiters' of 'bailouts' and 'quanitative easing'
why stop there?
what if they are a teacher and a cop who make $500 million per year?
Quote:
even in NON high cost of living areas,,,are you going to say a teacher earning 60k and a cop earning 60k (household of 120k) is rich....what'snext....40k is rich
what the hell? change the subject much?
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Are you SURE you really want to make that argument.
