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Location: Just transplanted to FL from the N GA mountains
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Quote:
Originally Posted by petch751
By the way, poor people who have kids knowing they will depend on the government handouts to support them didn't do right by their kids, then they make it worse by teaching the kids victimhood.. that it's someone else's fault they are poor. Talk about not taking responsibility.
Bingo! My family and my husband's family both were poor (mine more than his), but both families kept trying. I think it installed the work ethic in both of us which is why we were able to work our way out. Are we rich... absolutely not. We're comfortably middle-class. But with each and every day I find myself being taxed, fee'd, and charged to the point that what has taken us 35 years to build could be gone in a heartbeat.
Bingo! My family and my husband's family both were poor (mine more than his), but both families kept trying. I think it installed the work ethic in both of us which is why we were able to work our way out. Are we rich... absolutely not. We're comfortably middle-class. But with each and every day I find myself being taxed, fee'd, and charged to the point that what has taken us 35 years to build could be gone in a heartbeat.
That's exactly how government taxation keeps the middle class down. If you have excess W2 earnings (two incomes or high income) they just take a bigger chunk. It's like the middle class is in a rat trap, working hard, improving their skills, looking forward to that raise so you have extra money and then along comes government and takes more money then the liberal rhetoric that you don't deserve that money. No damn wonder it's hard for the middle class to move up.
Bingo! My family and my husband's family both were poor (mine more than his), but both families kept trying. I think it installed the work ethic in both of us which is why we were able to work our way out. Are we rich... absolutely not. We're comfortably middle-class. But with each and every day I find myself being taxed, fee'd, and charged to the point that what has taken us 35 years to build could be gone in a heartbeat.
Family 1: Wife recently become a doctor and makes $160,000. Her husband, a small business makes $110,000, a family income of $270,000 per year. However, they are still paying off the medical and business loans amounting to debts of $300,000. They also owe on mortgage debt.
Family 2: a lawyer, took early retirement and his non-working wife. Annual income of $230,000, all of it derived from interest on tax-free municipal bonds. Their net worth is $7 million, consisting of $5 million in bonds, a million-dollar home with no mortgage,...
Which family is better off?
Family 1: $270K a year,
Family 2: $230K a year
The 2nd family is far better off financially, they are wealthy living on an income of "tax free" government bonds.
Which family did Obama want to raise taxes on claiming they were rich?
Obama, wanted to increase taxes on the 1st (poorer) family and not on the wealthier family. They have mis-defined “rich” by confusing income with a assets (wealth), and thus come to the wrong conclusion. He wanted to tax those (who make more than $250,000 a year) who are trying to become rich, while Obama was preserving the status for those who already have wealth.
Democrats and liberals lack financial understanding... or do they really know what they're doing?
It is better to have wealth and low income than it is to have high income and no wealth.... especially when the government thinks that high income is wealth and higher income makes you a government money grab target.
People who want to build wealth so they too can semi-retire or retire think that making more money will give them excess cash to save and invest but don't count your money too fast, government wants a chunk of that raise too.
That is exactly why government 'poverty' statistics are so misleading and so useless.
Government thinks a wealthy person with $11K income is poor and a $12K burger flipper with zero net worth and $500/mo rent is not poor. Go figure.
Too much of a stretch. No one is going to buy that. It's just more of your "I made extremely foolish life choices so I'm poor and that's somehow a tax on me" BS.
Actually, Thomas Sowell devoted an entire book chapter (Markets and Minorities, Chapter 7) to the "generally upward" redistributive effect of zoning and housing regulations. (Sowell saw the redistribution as occurring from renters to property owners, hence generally but not exclusively upward.)
Since this book is long out of print - unlike almost all his other books with remain in print - I suspect Sowell may have since conformed his views to the prevailing homeownerist culture.
Then why doesn't A get to keep more of what he earned? Compensation is compensation. Should some forms of compensation be more equal than others?
Some people just worked harder to have better opportunities. Get over it and stop trying to siphon money off of people who have made themselves more valuable to society.
Some people just worked harder to have better opportunities. Get over it and stop trying to siphon money off of people who have made themselves more valuable to society.
??? ???
Government workers have great tax-advantaged benefits. Have they made themselves more valuable to society?
Is a GM janitor more valuable to society than the average janitor?
I'm not trying to siphon money off people, I just want government to stop siphoning my money to redistribute upward.
The bottom 50% pays little or no taxes. These people need to start carrying their own weight and stop relying on the rest of us to pick up the slack for them. I didn't suffer through all those years of college just so I could hand over more of my money to cover their portion of the tax revenue. I'm sick of dragging all this dead weight around.
I'm sure that once the Government gets tired of buying all of those lower 50% votes, they'll boot them all off of welfare and they'll have to actually get jobs so they can be taxed.
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