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| OBAMA TO BE NEXT PRESIDENT; Hope, History, Change | |
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| Tweet Topic Started: Nov 4 2008, 11:15 PM (763 Views) | |
| Liquorman1 | Nov 7 2008, 07:59 AM Post #46 |
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Groupie
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The "Rich" are already burdened with something like 50% of the Income Tax. What is the figure, 5% of the people pay over 50% of the taxes. (I can find it pretty easily). Government spending is rampant, and 'Entitlement" programs are a big reason. When Social Security was brought about, 65 was a ripe old age http://www.ssa.gov/history/lifeexpect.html, yet the age hasn't increased but a measly few years. Now, I do agree with raising the limit on the amount taxed by Social security, but I am deathly afraid of what Obama is proposing as far as increaseing the taxes on the wealthy. (Before you go any further Broke, No, I do not Currently make enough to break the limit, but My store is doing quite nicely :rolleyes: ). Is he going to do like FDR, and put the taxes at 97% of income? He is proposing billions in a second stimulus, but none to repair the failing infastructure in this country (How about putting the bailout money toward CREATING jobs instead of giving the money away?). He is proposing widening the definition of welfare, unemployment, e.t.c., yet where is this money coming from? From all the Tax breaks he is giving 95% of americans? For the COuntry to be sound in the credit/spending habits, it must have aa good leader to follow, and The government surely isn't that. To everyone's dismay, Clinton's budget surplus's were a bit of fancy number juggeling, while our current president has added 5 Trillion to the deficit. Although I was, and still am More Republican leaning on most issues, I am at BEST cautiously optimistic he can fulfill a small portion of his promise's, at worst preparing for my duet with Broke saying "I Told you So." There is a reason in AMerica why some are rich and some are poor, but yet no one in america wants to take the responsibility on their shoulders. If you work hard and save the money to have the yatch, second house, e.t.c., why not enjoy it? The american dream is to hit it big, but where is the incentive if the government is going to pay you to do nothing? Where is the incentive when the government pays you to be a baby machine and pump out a baby a year, while dropping out of FREE school in the eight grade so they can say "I Don't GOT NO EDUMACATUN, GIVE ME FREE MONEY!" Where is the incnetive if, for every dollar more you make working hard, the government will take more out of your paycheck? That is not the american dream. The american dream is not the government OWES you something. Its Not the government OWES the ppl of american a bailout b/c they were stupid idiots and bought a house 3 times bigger than they needed, or drove an escalade on a 28 grand a year salary. Its not the government owes the comapanies a bailout b/c they were idiots and loaned the money to a guy who they knew couldn't pay it back. Where is the Rugged Individualism that made this country great, that made this country into the greatest? Meh, I know that is a long ass post, but it was needed compared to Jerm's idiotic post's and the other idiots in here that actually thing Mr. Hach (Hope and Change) will actually do something. |
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| Mamba | Nov 7 2008, 08:31 AM Post #47 |
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Full Member
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Chalk that up to greed on the companies end. |
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| Joven | Nov 7 2008, 10:15 AM Post #48 |
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Forum Administrator
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You wana talk about bad loans being given out, I agree with mamba, you should look to the deregulation of these companies allowing them to give out those loans. Why would they do that? Because they are fat and greedy. They want to get richer and had the money to pay for the laws to allow them to give out irresponsible loans and screw over the economy. It's not like they didn't know people couldn't pay back the loans, that is why they are called "sub-prime." It's ok though, those who do make payments do so with huge interest which make up for the risk... maybe. What do we get? 1) Make it so you can give loans to people who can't really pay. 2) Make sure there is high enough interest that it pays off. 3) Wait for the loans to come back... 4) PROFIT!!!!!!!!!11!1 That is where your rugged individualism is. It is idealized so that we don't feel as bad about stepping on others on our way up, so that our conscience doesn't bother us when we know there are hurting people who we can help, but we stay blind, we stay dumb, and we stay lame. I wana keep what's mine because I worked hard for it in my nice A/C office. Yea I worked real hard compared to that guy who spent 12+ hours working outside doing a physically taxing, emotionally draining job for a fraction of the pay. I sure earned my pay and he earned his. I'm the one who went out of my way to take up responsibility and had the initiative to land my job. He however is a lazy bum. Just because he couldn't afford the start that I could doesn't mean a thing. Just because my parents could afford to send me to school and his couldn't doesn't mean any thing. Just because things in my life seem to work out better than his just means he needs to stop complaining and move on. Forget that he's trying to get by on $20k a year with a family. That horny degenerate should have kept it in his pants if he can't afford it. He should simply quit his job so he can go to school and try to get a better one. Or he can't quit so he needs to take night classes. Oh wait he's got no money. Time to get a loan right? Yea that's really rewarding hard work huh? I'll take that tax bracket where I give up more tax money. Let me get $250,000+ a year I'll be sitting pretty comfortable. |
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| Celeborn | Nov 7 2008, 10:59 AM Post #49 |
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Fat
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roughly what our government expenditures are: 50% payments to old / disabled people 25% Military 15% interest on our loans 7-9% other pointless shit 1-3% everything that actually effects most of the people on these forums Yep that sure is helping me. maybe if they started spending money on education and infrastructure I wouldn't complain as much. and no the healthcare plan doesn't really help me. my monthly payment is already under $100 a month and the government isn't going to make that any cheaper. That being said I woulda repealed the bush tax cuts too. I just woulda spent some of the money on shit to actually grow our country. and I personally think blancing our budget would be nice cause well I seem to think of a couple recent occurances that illustrate what happens to an organization when they continue to spend money they don't have. It didn't seem like it works out that well. ohh and since I just saw liqs post its something like 50% of gov money comes from like 1-3% top percent 98% comes from the top 50% of income earners 2% of our government revenue comes from the bottom half. god damn we have a lot of deadweight. Also I took many night classes at local communities and yes it can be done with a full time job and children. I saw many doing it. |
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| Rampid | Nov 7 2008, 11:16 AM Post #50 |
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its not all like that. there is a lot of work involved in maintaining that money. on average their work days are longer and they are stressed like no other. just because they have money doesnt mean they get to spend it when ever they want. |
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| Celeborn | Nov 7 2008, 11:20 AM Post #51 |
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Fat
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actually of the around 30 multi-millionaires I've met almost all of them put in atleast 12 hours a day 6 days a week, and are ridiculously passionate about their work. of course in all these cases they where small business owners not corporate CEO's but then again CEO's make up a very small percentage of the top income earners. the almost comes because some of them used to but don't anymore because they found other persuits and already had a shit ton of money. |
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| Broke[EvX] | Nov 7 2008, 12:48 PM Post #52 |
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Teh pwnz0r
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Where exactly are you meeting multi-millionaires? O.o |
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| DreZ | Nov 7 2008, 12:54 PM Post #53 |
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Fuck what she said
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They're also cheap as hell and know how to save their money. |
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| Rampid | Nov 7 2008, 01:25 PM Post #54 |
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one of my good friends dad, my gfs parents, and various other people. its not as easy to spot them as you would think. |
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| Deleted User | Nov 7 2008, 02:08 PM Post #55 |
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Deleted User
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It was a mere joke that was directed at these types of people. I'm well aware that not every wealthy person earns their fortunes on the backs of the poor, by illegitimate means, or are corrupted by greed. Liq, I'm sorry that I made your redneck, pseudo-economist ass go into a long rant. I guess you have to keep up with the "fancy number juggling" in an effort to look like you know much more than you actually do. |
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| Tiger[SEX] | Nov 7 2008, 02:45 PM Post #56 |
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Leader clan
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I did, I do , I am. Oh and on topic, Once you go black, you never go back! Im hoping Farrakhan takes the second term and starts paying back the brothers out of the federal reserve. |
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| Cannon | Nov 7 2008, 09:17 PM Post #57 |
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Boom
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rotflmao!! |
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| Celeborn | Nov 7 2008, 10:15 PM Post #58 |
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Fat
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out of the treasury?? come on the treasury is already at like -$13,000,000,000. So I think you mean paying the brothers back with china's money that we borrow
oh and in response to broke my mother is a small business owner and does business with a lot of them. Although she herself is not one she might get there soon though. (she works over the 12 hours 6 days a week mark I mentionned). I'd guestimate she pulls 85 hour weeks for her business. Obviously the 30 or so I have met do not constitute enough to make a reliable statistic however I do remember reading some U.S. census data that less then 5% of the wealthiest 1% inherit or win their money. I think the breakdown was something like this. 76% own small business's or invested a ton of the money they earned 10% are professionals (the top lawyers / doctors) 10% are corporate executives 4% win or inherit their money |
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| Rampid | Nov 9 2008, 03:29 AM Post #59 |
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i actually meant that i knew them personally, and not through my mom and her work. and professionals includes athletes, singers and actors |
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