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Warren Buffett does genuinely want to transfer more of this so-called wealth, created by this system, to the lower classes. But, his plan is kind of a "brute force" or "one-size-fits-all" plan. I am sure he pushes it mostly for practical reasons, since the vast majority of the population is too ignorant to understand the intricacies of our system. But a system which effectively punishes all types of businesses equally, regardless of circumstances, is itself unfair.
Yet Buffett is a hypocrite. His own investment company is partly based on not paying dividends and withdrawing only when needed because why? So the investors don't have to pay taxes until necessary. Hypocrite
Of course, all of this ignores the questions. Is our system actually fair? Would lowering taxes make it more fair? Would raising taxes make it more fair?
Yes it would. When paying out the ass end to support a bunch of dead weights I don't even know when I could be helping my elderly mother instead, it's sickening. It's pathetic that a young person, perfectly capable would rather take then pull their own weight. A bunch of losers!
In my view, the only way to partially solve the problem, would be to end the Federal Reserve. But even then, I don't think that would solve anything. It would just forfeit America's status as world financier, and all of our soft power, to China, or London, or who knows.
Sometimes I just feel like all hope is lost. But I can't help but be extremely angry.
Regardless Petch, let me add this to my previous statement. It is a quote by Thomas Jefferson.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
The enemy of all people, the world over, are the banks. The people of this Earth can never be free, until the entire world has a completely debt-free currency. Issued by the people themselves. Otherwise, arguing about petty nonsense such as taxes, is largely a waste of time.
The people can never be free as long as the government see's the people as their piggy bank, as long as the dead weights support can be bought by government, as long as the banks can control. It's not just one, each contributes to the enslavement of the middle class
But how can you defeat these international parasitic usurers?
How to defeat. The poor need to get a clue and stop being so damn lazy, the middle class also needs to smarten up so they aren't so easily fooled by rhetoric. When people are more educated then the politicians and banks can't take advantage of them so easily.
I'm didn't read through 86 pages so this may have been pointed out: the bottom 50% will start paying what you call "their fair share" (I'm assuming you mean of taxes), when they start getting paid fair wages. Simple as that. Easy as pie. Easy-peasy.
Get skills worth being paid more for. Easy peasy. Did you really expect to work at McD's or some other job a monkey could do and get paid rocket scientist wages? Really. No wonder you are paid so little, no brains.
The stupidity of the American voter who thinks that politicians can legislate their prosperity LOL.. idiots!
Originally Posted by westboundrambler View Post
Maybe if wealth was distributed more equally, taxes would be as well.
So Joe Smuck who didn't put any thought into his future, would rather be drinking or smoking a joint than working and investing, having kids to different baby mama's should be paid as much or near as much money than joecommonsense who DID work hard to make a better life for his family?
Joe Smuck made his bed and people are tired of funding his stupidity.
Your numbers are wrong. 69% of Americans are relying on pensions and/or retirement accounts for most of their retirement funding. The federal government alone, which has either pension plans or retirement account plans, is the US's largest employer.
"Just under a third (30 percent) of retirees receive income from either a traditional pension or take withdrawals from a retirement savings account such as a 401(k) or individual retirement account. The median amount of income retirees received from these sources was $12,000 per year. High-income retirees are the most likely to have a pension or retirement account from a former employer. Over half of retirees (55 percent) in the highest income quintile had retirement accounts that provided them with a median of $30,000 in 2012, compared with just 5.2 percent of people in the lowest income quintile who received a median of $2,400.
So, 30% of all retirees get on average $12k a year from either a pension or retirement account. And of those in the bottom 20%, only 5.2% have a retirement account, yielding $2,400 a year.
And it also says....
"The majority (84 percent) of people age 65 and older received income from Social Security in 2012. "We still see that Social Security is the foundation of retirement income," says Gary Koenig, director of economic security at AARP's Public Policy Institute. "Pretty much everyone who is 65 and older receives Social Security." Social Security has consistently provided more than a third of income for retirees over the past two decades, and retirees in the lowest income quintile received more than 80 percent of their income from Social Security. The median Social Security benefit was $16,295 for men and $11,999 for women in 2012, AARP found."
It says for the bottom 20%, they receive 80% of their income from Social Security. And the average Social Security benefit was $16,295.
So no, you are wrong, 69% do not RELY on pensions or retirement accounts to live. Only 30% even receive money through any form of retirement account. And Social Security provides more income than the average retirement account, especially for those in the bottom tier of incomes.
As I said, the top is screwing the bottom. And as Milton Friedman explains. The idea that the government takes from the rich and gives to the poor is stupidity. It has never happened. The government is not Robin Hood.
As Mencken said, "The chief difference between free capitalism and State socialism seems to be this: that under the former a man pursues his own advantage openly, frankly and honestly, whereas under the latter he does so hypocritically and under false pretenses."
Get skills worth being paid more for. Easy peasy. Did you really expect to work at McD's or some other job a monkey could do and get paid rocket scientist wages? Really. No wonder you are paid so little, no brains.
The stupidity of the American voter who thinks that politicians can legislate their prosperity LOL.. idiots!
No, you stupid F*cking piece if Sh*t, no one expects a McDonald's employee to be paid the same wage as a rocket scientist, and why attack this guy? You don't know his life, heck, you don't know how much he makes. Maybe he's doing find and just things the lower class deserve a fair shake. No one's saying a burger flipper should make $100,000+ a year, but is maybe $10ph so much to ask for? Do you realize how little that is? if they work 40hours per week? After taxes that's bringing in around $17,000 a year. I mean come on, that's not a ridiculous request. Oh, and before you start spouting your asinine remarks in my direction, I do not work min. wage and haven't since I was 16, I work 60+ hours a week, but still the tables are turned against me, and turned against EVERYONE making under $100,000 a year. And before you go saying "try harder", BULLSH*T! First off there is back breaking, hard, respectable people that make less than $100,000 grand a year. MILLIONS OF THEM! And guess what?!?!?! I respect a farmer making, say 70K a year MUCH more than some wall street A**wipe make triple that. We need the middle and lower class, we NEED people to do these jobs, we can't have every single person in the U.S be a greedy business mogul, a doctor, a lawyer, etc. the world would F8cking EXPLODE! GET A GRIP!
No, you stupid F*cking piece if Sh*t, no one expects a McDonald's employee to be paid the same wage as a rocket scientist, and why attack this guy? You don't know his life, heck, you don't know how much he makes. Maybe he's doing find and just things the lower class deserve a fair shake. No one's saying a burger flipper should make $100,000+ a year, but is maybe $10ph so much to ask for? Do you realize how little that is? if they work 40hours per week? After taxes that's bringing in around $17,000 a year. I mean come on, that's not a ridiculous request. Oh, and before you start spouting your asinine remarks in my direction, I do not work min. wage and haven't since I was 16, I work 60+ hours a week, but still the tables are turned against me, and turned against EVERYONE making under $100,000 a year. And before you go saying "try harder", BULLSH*T! First off there is back breaking, hard, respectable people that make less than $100,000 grand a year. MILLIONS OF THEM! And guess what?!?!?! I respect a farmer making, say 70K a year MUCH more than some wall street A**wipe make triple that. We need the middle and lower class, we NEED people to do these jobs, we can't have every single person in the U.S be a greedy business mogul, a doctor, a lawyer, etc. the world would F8cking EXPLODE! GET A GRIP!
aaah did I ruffle some feathers?
LOL, when the stupid F pieces of **** start paying their own way and stop expecting people to support them. I don't know his life but he claims to know other people's lives.
GREEDY? Look who's greedy. People voting for an ass in chief because they thought he would take money from other people to give to them. Why do they think government should take more?..., because they used their brains to make a better life for themselves? Why because they invested in themselves, and now people think they have a claim to their money? Now that's GREEDY!... funny, yes, they supported Obama as he raised taxes but the useful idiots are still waiting for the windfall. How do you like how the banks got a bail out but not the people?
And aren't you a little defensive. Did I say you work min waste? What I did say is there are people who didn't give an mins thought to how they were going to support themselves and now that the piper needs paid they demand other people's money. That's also the definition of a low life.
And maybe if they would worry about themselves instead of what others make, maybe learn how to handle money too instead of worrying what others have. Just because they didn't use their brains other people shouldn't have to support them.
No, you stupid F*cking piece if Sh*t, no one expects a McDonald's employee to be paid the same wage as a rocket scientist, and why attack this guy? You don't know his life, heck, you don't know how much he makes. Maybe he's doing find and just things the lower class deserve a fair shake. No one's saying a burger flipper should make $100,000+ a year, but is maybe $10ph so much to ask for? Do you realize how little that is? if they work 40hours per week? After taxes that's bringing in around $17,000 a year. I mean come on, that's not a ridiculous request. Oh, and before you start spouting your asinine remarks in my direction, I do not work min. wage and haven't since I was 16, I work 60+ hours a week, but still the tables are turned against me, and turned against EVERYONE making under $100,000 a year. And before you go saying "try harder", BULLSH*T! First off there is back breaking, hard, respectable people that make less than $100,000 grand a year. MILLIONS OF THEM! And guess what?!?!?! I respect a farmer making, say 70K a year MUCH more than some wall street A**wipe make triple that. We need the middle and lower class, we NEED people to do these jobs, we can't have every single person in the U.S be a greedy business mogul, a doctor, a lawyer, etc. the world would F8cking EXPLODE! GET A GRIP!
lol uh, you do know the difference between wealth and income right? Yet, the government taxes income and the useful idiots bought into the lie that they were wealthy. No damn wonder people are struggling. They don't understand the basics and are easy to fool and be taken advantage of and the naive willingly vote because he's going after the guy who has more than he does. Tax the "rich" people making an "income" .... that should have been a blaring clue that a politician was on the take and not for the American people's benefit .... idiots, useful idiots.
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.
Think about they get most of their income tax back and benefits from programs like Hud, Wick and Medicare to take care of their expenses. So if they earn 30K from Burger King of Walmart they are getting anther 25K in benefits!
It breaks doen to:47% pay for the 53%. Please not of this number there is disable and VA entitlements.
But there is a strong proportion who count on Gov. Benefits as their regular salary.
Think about they get most of their income tax back and benefits from programs like Hud, Wick and Medicare to take care of their expenses. So if they earn 30K from Burger King of Walmart they are getting anther 25K in benefits!
It breaks doen to:47% pay for the 53%. Please not of this number there is disable and VA entitlements.
But there is a strong proportion who count on Gov. Benefits as their regular salary.
From the tax payers the 47% who pay the bills!
And don't forget, the 53% who pays for the bottom also pay FULL PRICE for everything while the bottom gets breaks. Example...
Your kid wants to go to college - The bottom half gets all kinds of funding if only they complete the paperwork. The upper half has to put money aside for many years. Both get the same education only the family who already pays for the lower half also has to pay full price for the same education, yet the bottom half still b*tches. Maybe the bottom half would rather the college just give "A" and pass them while the upper half has to work and study for that education.
^^^ Said by someone who doesn't understand the difference between income and wealth. $100k isn't nothing compared to the rich that you hate.
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You do have a Point
