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LOLOLOL, I love when a liberal will try to use the tax rate of the 40's and actually believe that garbage. You do realize that almost everything was CASH? What does that tell you?
At least until the year 1957 we the peps had some vestige of real money....
ves·tige
ˈvestij/Submit
noun
a trace of something that is disappearing or no longer exists. LOL
LOLOLOL, I have to laugh at people who try to use the tax rate of the 40's and actually believe that garbage. You do realize that almost everything was CASH? What does that tell you?
People had more money in their pockets and lived within their means without needing to rely on credit. Unfortunately we moved into a credit system where cash no longer matters, but credit lines do. It was the easiest way to justify paying people less, but giving them more in credit.
People had more money in their pockets and lived within their means without needing to rely on credit. Unfortunately we moved into a credit system where cash no longer matters, but credit lines do. It was the easiest way to justify paying people less, but giving them more in credit.
Then we added service driven economy......now fewer people every day can afford the services.
True distributism is a Catholic approach to economics.
Papal encyclicals going back 100+ years have talked
about this - it's about the God-given land sharing, and resource
sharing with the younger generations, regardless of "class". Let
them get a hold on things, and work and raise families while young,
not distribute dollars and keep them at home in a tenement smoking pot
and playing video games.
If you are interested in learning more just do a websearch on catholic
distributism.
People had more money in their pockets and lived within their means without needing to rely on credit. Unfortunately we moved into a credit system where cash no longer matters, but credit lines do. It was the easiest way to justify paying people less, but giving them more in credit.
No kidding... but my reply was in response to someone bringing up the tax rates in the 40's. Everything in cash, and do you think they paid the tax rates you liberals keep trying to use to support higher taxation?
No kidding but my reply was in response to someone bringing up the tax rates in the 40's. Everything in cash, and do you think they paid the rates they claim?
Go back and read and try to stay on track.
They paid a effective rate of about 41%, twice what the effective rate was today. Sounds good to me.
Yep, you did it on your own and the government didn't help you "build that" and they certainly didn't legislate your prosperity like so many people "hope" they will.
The rich value their time. Helping someone is an investment of their time even if they don't benefit personally. They won't invest their time in helping someone who wants it handed to them.
About 8 years ago I started investing in Thailand. A huge risk at the time, but one that has paid huge. I recently sold a property my wife and I bought for $21,000 dollars back in 06. We subdivided into 4 lots. We sold 3 of them for 70 grand each. We bought land in Chumphon less an a mile from the beach, about 10 miles from the airport. Sometimes to make money you need to take a chance. I bought an old store a few miles from there. Turned it into a gas station with a coffee shop. That shop is a money maker and paid for itself the second year. The big difference? Thailand's Tax codes. Property tax is cheap, income tax isn't bad and the people are happy to work when you pay them to do a job. We have a house in Bangkok we bought for $29,000.00 in 2004. That same house we have been offered $64,000.00.
Now people who are afraid to take a risk will never reap the rewards, but they will stand around and complain that it isn't fair.
True distributism is a Catholic approach to economics.
Papal encyclicals going back 100+ years have talked
about this - it's about the God-given land sharing, and resource
sharing with the younger generations, regardless of "class". Let
them get a hold on things, and work and raise families while young,
not distribute dollars and keep them at home in a tenement smoking pot
and playing video games.
If you are interested in learning more just do a websearch on catholic
distributism.
In theory...yes.
Yet the church itself has great wealth....priests with huge houses....for one person.
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LOL
