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Again, you're conflating Bezos with Amazon. They're two separate entities taxed in different ways.
The US tax policy is to incentivize corporations' reinvestment because they create/provide jobs and add to economic growth in various ways.
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$11.2 billion in profits last year and Amazon (according to you) only had a 3.05% profit margin? How does that happen? Please share your homework ... I'm not going to do Apple or Google and even I can afford Walmart stock, so --- that should tell you something about Walmart not being the big dog on the street any more --- not since Amazon. You also should realize that Jeff Bezos is smart enough not to pay himself a billion dollars a year.
Anyone can look up publicly-traded corporations' profit margins, annual reports, SEC Filings, etc. SEC rules require that they disclose such info. The source I point people to for profit margin info (because it's easy for most to understand) is ycharts:
Amazing. Liberals are on this forum defending irresponsible people who spend every last cent on luxuries when they don't even have $400 in the bank - and then smugly claim that being a millionaire is just the standard by which everyone must aspire in order to have a decent retirement. So by that logic, wouldn't liberals decry the irresponsible spending, knowing that middle class people need $1 million in the bank? (Actually, they don't. That's just more liberal snobbiness talking.) Shouldn't you liberals be telling middle earners to start saving money so they can accumulate some decent amount of money for retirement?
And FYI, the "Millionaire Next Door" were people average $7 million in net worth (and this book was decades ago, so you can at least double that for today's dollars), and the point being made was that they drove Toyotas, never bought an expensive wrist-watch, and lived in ordinary ranch houses.
Yep. EXCELLENT book! The NY Times has the first chapter available for free, here:
Amazing. Liberals are on this forum defending irresponsible people who spend every last cent on luxuries when they don't even have $400 in the bank - and then smugly claim that being a millionaire is just the standard by which everyone must aspire in order to have a decent retirement. So by that logic, wouldn't liberals decry the irresponsible spending, knowing that middle class people need $1 million in the bank? (Actually, they don't. That's just more liberal snobbiness talking.) Shouldn't you liberals be telling middle earners to start saving money so they can accumulate some decent amount of money for retirement?
And FYI, the "Millionaire Next Door" were people average $7 million in net worth (and this book was decades ago, so you can at least double that for today's dollars), and the point being made was that they drove Toyotas, never bought an expensive wrist-watch, and lived in ordinary ranch houses.
Nothing smug about suggesting you need at least a million dollars to retire. And your "liberal" attack is a non-sequitur if I've ever seen one.
Nothing smug about suggesting you need at least a million dollars to retire. And your "liberal" attack is a non-sequitur if I've ever seen one.
Of course your suggestion is smug (and shows how liberals are so out-of-touch). You think that an individual needs $65,000 a year in retirement (that's the 4% withdrawal on the mil plus another $25k in SS)? Don't you realize that the average earnings per FAMILY, during the working years, is around $60K? And that's when they have the expenses of a mortgage, and growing kids!
And you consider what I said about a liberals a non-sequitur? Let me explain:
1) Liberals on this forum are defending middle-earners who, instead of putting a couple of thousand dollars away every year to build a retirement fund, spend every last cent on expensive IPhones and vacations, leaving them with less than $400 in savings.
2) Then we have another liberal who is claiming that you need at least $1 million in savings to have a decent retirement.
So which is it? On one hand, you defend people who choose not to save a cent and spend irresponsibly, and on the other hand, you claim that people better have saved up $1 million to have a decent retirement.
There are those few who truly need help and then there are the many who overspend and underplan. Those in the latter group will spend their last dollar to go out to eat, on Starbucks and will surely have the latest gadgets. If one can afford them, fine, if one cannot, then don't spend the money and then complain when you run out of money.
The problem is that it takes time to accumulate wealth, yet many people do not understand that. When you're 25 you're not supposed to have it all - that takes time to accomplish thorough job experience and advancement, through investments and through savings.
not having $400 saved is a choice and I respect people who do or don't. Besides with the variety of beans you can buy, black beans, great northern beans, lentils, red kidney beans, lima beans, and pinto beans, those that don't can still enjoy a tasty meal when added to rice.
not having $400 saved is a choice and I respect people who do or don't. Besides with the variety of beans you can buy, black beans, great northern beans, lentils, red kidney beans, lima beans, and pinto beans, those that don't can still enjoy a tasty meal when added to rice.
Being a "millionaire" today means nothing close to what we traditionally consider being wealthy. A person better have at least a million bucks by the time they are 50 if they plan on any semblance of retirement.
Yep. Having a million bucks in the bank doesn't mean much anymore. To survive retirement with only 1 million requires careful planning.
Sure, the homeless are rolling in cash and use $1000 iPhones (and eat at Applebee's).
This discussion isn't about homeless people, most of whom suffer from mental illness of one form or another. This is about people who chose to spend their money frivolously or expect to have everything that someone who has worked for 20 and 30 years has.
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