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Old 12-18-2011, 12:25 PM
 
Location: the very edge of the continent
89,006 posts, read 44,824,472 times
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Quote:
Originally Posted by freemkt View Post
In my experience, Democrats are eager to tax more while also throwing a bone to their favored classes.
That certainly isn't renters, is it? They're screwing renters, which are more likely to be low-income.
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Old 12-18-2011, 12:28 PM
 
Location: the very edge of the continent
89,006 posts, read 44,824,472 times
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Quote:
Originally Posted by freemkt View Post
There's a myriad of options for those who can afford them. What do non-autodidacts do when the options are unaffordable?
Become an autodidact. Nothing is stopping you except your choice to not do so.

Community colleges are inexpensive and the government provides plenty of grants to low-income students. Your posts seem to indicate that you're long on excuses and short on personal responsibility.
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Old 12-18-2011, 12:28 PM
 
33,016 posts, read 27,458,643 times
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[quote=InformedConsent;22172101]That certainly isn't renters, is it? They're screwing renters, which are more likely to be low-income. [/quot


They occasionally throw bones to groups from which they hope to get votes, or from which they expect to gain favorable political posturing. It's like they're playing Good Cop Bad Cop. The bad cop screws renters with taxes and regulation, and the good cop comes to the rescue with rent subsidies and tax credits.
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Old 12-18-2011, 12:34 PM
 
Location: the very edge of the continent
89,006 posts, read 44,824,472 times
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Quote:
Originally Posted by freemkt View Post
They occasionally throw bones to groups from which they hope to get votes, or from which they expect to gain favorable political posturing. It's like they're playing Good Cop Bad Cop. The bad cop screws renters with taxes and regulation, and the good cop comes to the rescue with rent subsidies and tax credits.
Renters get tax credits?
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Old 12-18-2011, 12:49 PM
 
33,016 posts, read 27,458,643 times
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Quote:
Originally Posted by InformedConsent View Post
Renters get tax credits?
In some states they do. (horrors)

A number of states have "circuit breaker" property taxes which function to rebate "excess" property taxes (defined as property taxes above a specified percentage of income) to homeowners through income tax credits.

A few states (most do not) actually extend these tax credits to renters, usually through some one-size-fits-all calculation involving a specific percentage of rent which is imputed to constitute the property taxes paid by a renter. Since this is a one-size-fits-all calcuation, renters paying a high proportion of income on rent get a larger tax credit than those paying a lower proportion, and usually most renters don't pay enough to qualify. I once had a great deal where I ended up paying well-below-market rent (lived there 15 years, landlord was retired and not rent-aggressive and I didn't have one rent increase the whoile time) but the downside was that while property taxes represented 40% of the rent I paid, the tax credit formula applied a much smaller percentage to property tax and I did not qualify for the credit as a renter. (If I had been a homeowner in the same house, I would have qualified for a tax credit in the neighborhood of $500 per year
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Old 12-18-2011, 01:03 PM
 
Location: Boston, MA
14,483 posts, read 11,282,562 times
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Quote:
Originally Posted by subsound View Post
There will always be income gaps, like there have always been gaps in the sidewalk.

When it grows to a massive chasm it should be fixed, probably when it was much smaller and easier to manage.

People want to close the massive chasm, not tear down the successful. Is that really very hard to understand?
And how do you propose to do this? Take money away from the rich and give it to the poor? Legislate how much someone can make?

Even if we conservatives agreed with you, there is no acceptable way to close this "gap". In other words you do not have the answers to your own burning issues.
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Old 12-18-2011, 01:04 PM
 
33,016 posts, read 27,458,643 times
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Quote:
Originally Posted by InformedConsent View Post
Become an autodidact. Nothing is stopping you except your choice to not do so.

Actually, after several not-very-profitable attempts, I've found a niche in which I have become very knowledgable, and am able to make money buying and reselling online. Also I am working on two related long-term projects which if completed will have actual created product which should be more profitable than the reselling component; these I expect to have in marketable form by next fall. (My plan is to launch one at a specific trade show.)

It's slow ramping up but there will be points at which profitability will soar rapidly (like when the products launch). I feel as if I have to do everything the hard way and that there are a few things that would speed up the process, namely a few specific hardware and software items and more space. My whole life operates out of a 12 x 12 room and the stuff I'm reselling is taking up an awful lot of that space.

But a year from now I think I'll be able to relax a little and say it was all worth it.
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Old 12-18-2011, 02:34 PM
 
Location: the very edge of the continent
89,006 posts, read 44,824,472 times
Reputation: 13709
Quote:
Originally Posted by freemkt View Post
In some states they do. (horrors)
Then why are there so many complaints on C-D about homeowners getting tax deductions that renters don't get?
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Old 12-18-2011, 02:41 PM
 
Location: the very edge of the continent
89,006 posts, read 44,824,472 times
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Quote:
Originally Posted by freemkt View Post
I feel as if I have to do everything the hard way
The vast majority of successful people have had to do it "the hard way." Even among the richest 400 Americans, over 2/3 (68.5%) are self-made.

Secrets Of The Self-Made - Forbes.com
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Old 12-18-2011, 02:56 PM
 
Location: Chicagoland
41,325 posts, read 44,944,793 times
Reputation: 7118
Quote:
People want to close the massive chasm, not tear down the successful. Is that really very hard to understand?
Here's the difference. Your side wants to tear down the successful to life up the bottom. FACT.

Our side wants to lift the bottom, middle, top by creating opportunity, of which this country has a WEALTH of.

If they are ambitious, dedicated and work hard, they might get to the top.

Do you understand how many businesses, small and large, were started by people at the bottom, out of nothing but an idea?

But again, THIS poll, along with the one about what scares Americans most, should send up a major red flag to obama and the dems - their class warfare, income inequality, rich vs poor rhetoric is not working.

See, most people have a good understanding of the how this country became the greatest nation in the world......and that FACT is polar opposite to obama's version of history and his vision for the future.
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