Originally Posted by ZZman
Originally Posted by alarmguy
Originally Posted by JeffKeryk
Originally Posted by alarmguy
DO you know, the top 10% hard working wage earners in this country pay 53 FIFTY THREE percent of all federal income taxes! DO the math man and over 40% pay no federal taxes at all.
Interesting post; but perhaps we might look a little deeper.
The top earners pay most of the Federal income taxes because they have, by far, most of the money.
Let's just say I know someone who some years pays more than $100K in Federal income tax.
And who lost more than $1M in the market in 2018.
And who could care less because those are GREAT problems to have.
I believe your statistic speaks volumes to the wage inequality in our Nation.
But that's just me.
Yup, being a free people, you are able to achieve anything you want (American Dream) or could coast by in life and just relax. Best system in the world, your an individual, free person, you can make as much or as little as you want too. You can invest as much as you want too, no one forces you to do anything.
Not true. Many dreams do not become reality. Most people want a decent middle class life not get rich. Most jobs today don't have huge compensation. Even most small business owners aren't rich. Unless you chose a high paying profession. But then again there are only so many really high paid professions compared to typical middle class jobs.
Studies show that most people born or raised in a socioeconomic level rarely leave it. If you are born and raised poor you will probably be so as an adult. Raised in a wealthy environment you will probably be wealthy as an adult. That is life. Are there exceptions? Yes.
And most Americans can't invest as much as they want because they can barely pay their bills and are a pay check away from trouble. Investing for the most part is a rich man's game. The top few own 80% of stocks.
Why not have capitalism that works for everyone like it did after WWII up until about the 80's. The Wage/Wealth inequality gap continues to grow when we should work to shrink it.
It is not about making people equal. Just less unequal. It is not about making the wealthy poor because they will still be rich. It is about helping felliw Americans who have trouble just getting by.
The signs of the middle classes struggle is: 2 spouses almost always need to work, consumer debt is high, many people need to work multiple jobs to make ends meet.
and your point is?
Only thing I take from your post is, you would like government officials to take peoples money and corporations money and give it to people you think should have it.
Sorry, I dont agree and anyone on planet earth who believes being a free people would agree with me.
My god IT NEVER works!
People, we are talking marxism/communisim/socialism here, throughout mankinds history, it always sounds great to people but its nothing more then a snow job by the people who end up controlling the people, its ALWAYS crashes and burns.
Guess what? Life is tough, we are part of the animal kingdom, who is to take away anothers wealth because they worked harder and made better decisions then someone else?
That is what being an American stands for, the individual right to live your life as you see fit.
Being FREE which we are, we are able to do whatever we choose with life. Not being free KILLS ANY incentive to innovate and excel.
You point to pre World War II, well guess what?
Pre World War II was when just about every modern invention to mankind all around the WORLD came from the USA before our government grew from providing and securing our borders to today, food stamps, cell phones, health care, they have invaded and regulated every part of our lives and your complaining that you want more.
Also that is a bunch of CR+P that the middle class struggles, their spoiled rotten and its their poor decisions. What do you call struggling?
Paying $100 a month to watch TV? when Instead they can put up an antenna.
Paying Verizon $50 a month for internet and cell phone service for each line with a $600 phone when they can pay $25 with a $100 phone?
How about that nice shiny new car that they spend $30,000 to 40,000 on and took out a 6 year loan? How about a good reliable $8,000 car (or less)
Lets not get started on renting cars for years at a time (leases) for the same cars.
and that $4,500 trip to Disney Land put on a credit card?
Oh and lets not get started on college for the kids, the waste of taking out student loans without ANY thought of an objective.
Bottom line, the only problem all classes have is being immature by borrowing money when they cant afford what they buy. Its that and that alone. Lets cut to the chase and call it like it is.
Borrowing money from other people (banks) because your too immature to stand on your own two feet. (general terms NOT directed at you)
All the above is great, your free to do what you want with life, just please stop and think if you want more government agencies to screw things up as they are doing.
My god people 30% of all the government takes out of your paycheck is paying loans the government took out because you keep wanting more.
Live within your means, buy what you want, why go to someone else and borrow money for things you have no business buying.
BTW, in the OP, thinks government should take money away from corporations for buying back their stock and give it to their employees?
Laughable, the USA would become a banana republic overnight. Did you ever think, the employees could save a little money with their companies with a almost free giveaway in a 401K, this way, the employees benefit when times are good and suffer in bad times.
You want the extra money to go to the workers, but you dont say take money away from the workers if the company is doing bad.
Well guess what, that is what investors do, good with the bad.
BTW = dont take my words serious, having fun debating, that is all, just keep government out of my house, secure my borders, protect MY constitution and get our of the way and out of my paycheck.
)