Originally posted by 667joeWe are going bankrupt
We are going bankrupt, a forth of the population has no health insurance,the value of the dollar is zilch, we are in debt to China, we hardly manufacture any thing, foreclosures are the worst since the depression, our military is stretched thin, we import Dr.s and other scientists from India,GM, Ford, and Chrysler are losing money like crazy,New Orleans ...[text shortened]... , because we have more debt, both nationally and personally than any other country in the world.
The US has never missed a payment on any debt since the formation of the nation, I believe. Calm down.
a forth of the population has no health insurance
So? If that bothers people so much they should become doctors and volunteer in one of the free clinics I've always used when I had no insurance.
the value of the dollar is zilch
Overdramatics are silly. The dollar's still a valuable item. But there are fluctuations in the economy. It happens. Relax.
we are in debt to China
And therefore China has an incentive to help us get our economy on it's feet. See how it works out?
we hardly manufacture any thing,
Don't be ridiculous.
The sky is not falling, Chicken Little.
Originally posted by AThousandYoungThe ship is taking in water, and you are arranging the deck chairs. The US has not misased a payment yet, but ask an Indybank customer who has over $100,000 on deposit how relaxed he feels.
[b]We are going bankrupt
The US has never missed a payment on any debt since the formation of the nation, I believe. Calm down.
a forth of the population has no health insurance
So? If that bothers people so much they should become doctors and volunteer in one of the free clinics I've always used when I had no insurance.
the ...[text shortened]... anufacture any thing,
Don't be ridiculous.
The sky is not falling, Chicken Little.[/b]
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Originally posted by 667joeNo, fool, I'm not arranging the deck chairs. I'm working full time, paying my debts, and applying to go to school full time on top of my full time job. I tightened my belt and chose to live with honor and I and the economy are benefitting for it.
The ship is taking in water, and you are arranging the deck chairs. The US has not misased a payment yet, but ask an Indybank customer who has over $100,000 on deposit how relaxed he feels.
I'm bailing water and thinking about how to fix the leak. You're giving people Last Rites...simply because we've sprung a little leak!
I guess I'm just not familiar with what it's like to have 100k socked away in one institution, or anywhere for that matter. It sounds like you're a little spoiled. When it comes to money, for people like me, we think in terms of debt, not how much we have saved.
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Originally posted by 667joeI have a real-world situation for you. I recently moved to the Pittsburgh area from southern New Jersey. We looked for houses in Allegheny and Butler counties.
I beg to disagree. Any money taken out of the country to avoid taxes should be taxed! Secondly, I stick by my guns.......... a high marginal income tax rate stimulates investment. A low marginal income tax rate reduces the stimulus to invest.
The property taxes on similar houses were three times higher in Allegheny County than they were in Butler County. Butler County has a 1% income tax; Allegheny County has a 2.75% income tax, and the city of Pittsburgh also imposes a 1% income tax.
Where do you think my wife and I bought our house? Hint: we didn't buy out of patriotic duty.
Originally posted by sasquatch672You are an average person trying to balance a budget making prudent decisions. I am talking about billionaires. If you made 10 million dollars and had a choice between paying 9 million in taxes, or keeping your wealth by investing it in such a way that it would create jobs in the USA, what would you do? (This is how things were set up in the 40's, 50's and 60's when the middle class was growing and the USA was the financial juggernaut of the world. Also when a dollar could get you over 3 gallons of gas or movie tickets for 2.)
I have a real-world situation for you. I recently moved to the Pittsburgh area from southern New Jersey. We looked for houses in Allegheny and Butler counties.
The property taxes on similar houses were three times higher in Allegheny County than they were in Butler County. Butler County has a 1% income tax; Allegheny County has a 2.75% income ta ...[text shortened]... here do you think my wife and I bought our house? Hint: we didn't buy out of patriotic duty.
Originally posted by 667joeIf taxes are 90%, then the billionaires will be moving out of the country.
You are an average person trying to balance a budget making prudent decisions. I am talking about billionaires. If you made 10 million dollars and had a choice between paying 9 million in taxes, or keeping your wealth by investing it in such a way that it would create jobs in the USA, what would you do? (This is how things were set up in the 40's, 50's an ...[text shortened]... of the world. Also when a dollar could get you over 3 gallons of gas or movie tickets for 2.)
Originally posted by dryhumpYou tax 90% of every thing over 1million dollars. You only pay capital gains on money you cash in. Any one should be able to live on 1million per year. This allows a person to keep his wealth in the form of job creating investments
The tax system you are advocating won't allow them to keep their money through investment because of capital gains tax.
