goofyjumper 0 #1 October 12, 2007 The rich are getting richer and the poor getting poorer http://news.yahoo.com/s/nm/20071012/bs_nm/irs_income_dc----------------- I love and Miss you so much Honey! Orfun #3 ~ Darla Quote Share this post Link to post Share on other sites
DJL 235 #2 October 12, 2007 I think that any time someone finds a way to make more money than me that the country should tax them more so that it's redistributed to people like me."I encourage all awesome dangerous behavior." - Jeffro Fincher Quote Share this post Link to post Share on other sites
Thanatos340 1 #3 October 12, 2007 Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. If you took all the money in the world and even distributed it, Within just a few years we would be right back where we started with a small percentage having the vast majority of the money. Why is that?? See my first two statements. Quote Share this post Link to post Share on other sites
ryoder 1,590 #4 October 12, 2007 QuoteQuoteThe rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Don't jump to the conclusion that intelligence fully explains success. Who-you-know, and wild chance can play a large part. I offer you "show business" as a counter-example."There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones. Quote Share this post Link to post Share on other sites
Thanatos340 1 #5 October 12, 2007 QuoteDon't jump to the conclusion that intelligence fully explains success. Who-you-know, and wild chance can play a large part. I offer you "show business" as a counter-example. I agree with that. I wasn’t saying the exact same people would have the majority of the money, Just that the percentages would quickly return to the same (10% of the population controlling 90% of the wealth). What I did mean was that people that are SMART enough to make good decision (Finish School, Good education, Make good investments, Financial Planning, making the right Social Contacts, Networking and other smart decisions) will do much better than those that make poor decisions. Those people will generally over time grow wealth and people that poor decisions (Poor Career Choices, Lack of Education, Poor Work Ethic, ect) will continue to lose wealth. This is certainly not an absolute and many examples on either side can be made, but over time money will generally flow from those that make bad decision to those that make good decisions. Thus the rich will get richer and the poor will get poorer. Quote Share this post Link to post Share on other sites
kallend 2,106 #6 October 12, 2007 Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. The two billionaires that I know both inherited their wealth.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Zipp0 1 #7 October 12, 2007 Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. Explain then how executives can destroy a company and still earn huge bonuses, and then parachute out just after selling their stock options for millions. It seems that some can make poor, costly decisions and still profit nicely. Have a look at Arbusto Energy. Bush's daddy's buddy invested $1 million in that shithole when the company was worth $400,000. Nice, eh? Then in 1990 Bush sold his shares in the company (now Harken Energy) and a week later the company reported a loss of $23 million. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
AWL71 0 #8 October 12, 2007 Quote Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. The two billionaires that I know both inherited their wealth. Good for them. And those 2 billionaires should be allowed to do whatever they want with their money. They should not be required to pay incredible amounts of taxes to support the lazy deadbeats and dead-end government programs.The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
goofyjumper 0 #9 October 12, 2007 Now you should better than that! There are many stupid people that are rich (Bush for example) Anyways, what about someone who legitimatley starts a business and do not survive? Are they stupid? The fact of the matter is, most rich people will do anything to keep rich which can include cutting back on many things (usch as employees) which is why the gap is widening again. ----------------- I love and Miss you so much Honey! Orfun #3 ~ Darla Quote Share this post Link to post Share on other sites
Zipp0 1 #10 October 12, 2007 Quote Quote Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. The two billionaires that I know both inherited their wealth. Good for them. And those 2 billionaires should be allowed to do whatever they want with their money. They should not be required to pay incredible amounts of taxes to support the lazy deadbeats and dead-end government programs. Fuck that. Inheritance tax should be like 95%. No free rides. If we want people to excel, and take personal responsibility for their lives, let them make their own money. Warren Buffet said that repealing the inheritance tax would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics." Makes sense to me. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
kallend 2,106 #11 October 12, 2007 Quote Quote Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. The two billionaires that I know both inherited their wealth. Good for them. And those 2 billionaires should be allowed to do whatever they want with their money. They should not be required to pay incredible amounts of taxes to support the lazy deadbeats and dead-end government programs. That's as maybe, but it doesn't invalidate my comment. Not all the wealthy got that way by being smart or hard working as Thanatos seems to suggest. Some (many, in fact) were just given the money. There are lazy deadbeats among the ranks of billionaires too.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
goofyjumper 0 #12 October 12, 2007 Quote Quote Quote Quote The rich are getting richer and the poor getting poorer Wow!! You mean that some people are actually smarter than others?? I never would have guessed. Some people actually make good decisions that pay off while others make poor decisions?? I am Shocked. The rich getting richer and poor getting poorer is not something new. I think it has always been that way and always will. The two billionaires that I know both inherited their wealth. Good for them. And those 2 billionaires should be allowed to do whatever they want with their money. They should not be required to pay incredible amounts of taxes to support the lazy deadbeats and dead-end government programs. Oh yes, because all our tax dollers go straight to deadbeats. ----------------- I love and Miss you so much Honey! Orfun #3 ~ Darla Quote Share this post Link to post Share on other sites
NCclimber 0 #13 October 12, 2007 QuoteFuck that. Inheritance tax should be like 95%. Are you familiar with the concept of property rights? Quote Share this post Link to post Share on other sites
kallend 2,106 #14 October 12, 2007 QuoteQuoteFuck that. Inheritance tax should be like 95%. Are you familiar with the concept of property rights? The dead have rights?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Thanatos340 1 #15 October 12, 2007 QuoteNot all the wealthy got that way by being smart or hard working as Thanatos seems to suggest. I dont seem to remember suggesting that at all. QuoteWhat I did mean was that people that are SMART enough to make good decision (Finish School, Good education, Make good investments, Financial Planning, making the right Social Contacts, Networking and other smart decisions) will do much better than those that make poor decisions. Those people will generally over time grow wealth and people that poor decisions (Poor Career Choices, Lack of Education, Poor Work Ethic, ect) will continue to lose wealth. This is certainly not an absolute and many examples on either side can be made, but over time money will generally flow from those that make bad decision to those that make good decisions. Thus the rich will get richer and the poor will get poorer. I work hard and hope to leave a substantial sum to my daughter one day In which I hope that she takes and grows it further. That is the American dream isnt it? I dont see this as wrong. Nor do I think the government has a right to Tax that money after it has already been taxed when I earned it. Other people that want money can get theirs same way I got mine, By working for it and making good decisions. Taking from the rich to give to the poor seems like a noble thing however is does a great disservice to the poor if you ask me as the money will just end up going back to the rich unless you teach the poor how to make better decision instead of depending on hand outs (and money taken from others). Thus you get the inherent flaw with democracy. Democracy only works until the politicians figure out they can buy your votes with your own money. Quote Share this post Link to post Share on other sites
Royd 0 #16 October 12, 2007 QuoteFuck that. Inheritance tax should be like 95%. No free rides. If we want people to excel, and take personal responsibility for their lives, let them make their own money.Somehow, I think that you would be singing a different song if you stood the chance to inherit $1 million dollars and the govt. wanted $950,000. Quote Share this post Link to post Share on other sites
Zipp0 1 #17 October 12, 2007 QuoteQuoteFuck that. Inheritance tax should be like 95%. Are you familiar with the concept of property rights? The concept? Yes. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
Zipp0 1 #18 October 12, 2007 Quote Quote Fuck that. Inheritance tax should be like 95%. No free rides. If we want people to excel, and take personal responsibility for their lives, let them make their own money. Somehow, I think that you would be singing a different song if you stood the chance to inherit $1 million dollars and the govt. wanted $950,000. Heh, maybe. But I don't find myself in that situation. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
Thanatos340 1 #19 October 12, 2007 So If I go out and Earn $1 Million, Pay all the taxes on that money at the time I earn it. Shouldn’t it be mine to do with as I please? I earned it. I paid the taxes on it. Just because I give it to someone else, Why should it be taxed again? Basically you are saying that when you die, All your belongings should goto the Government. Quote Share this post Link to post Share on other sites
DJL 235 #20 October 12, 2007 You seem to equate wealth with worth. Quote Fuck that. Inheritance tax should be like 95%. No free rides. If we want people to excel, and take personal responsibility for their lives, let them make their own money. What you're saying is that people should not be allowed to do what they want with their own money. If it makes me happy in my life to know that my children will be taken care of - even though they want to be teachers and not stock brokers like Dad - then I should be able to leave them as much money as I want. If you're going to remove someone's right to do what they want with their money then how about you draft a law that requires all smokers to quit but they have to now put that $4 per pack per day into a government account. Quote Warren Buffet said that repealing the inheritance tax would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics." Makes sense to me. You're choosing your reference as a person who chooses frugality for himself, not someone who forces it on others. He HAS SAID that he does not promote a system that redistributes wealth based on "some comparable wealth system". He didn't say inhertance tax should be 95%, he said it should not be repealed. Also, and God forbid I should disagree with Warren, but that Olympics quote is a poor comparison. It makes Warren happy to donate all his money then fine. His children are immensely successfull so they're taken care of. If he had a kid with one leg and a kickstand I'm sure he'd drop a few million on him."I encourage all awesome dangerous behavior." - Jeffro Fincher Quote Share this post Link to post Share on other sites
kallend 2,106 #21 October 12, 2007 Quote So If I go out and Earn $1 Million, Pay all the taxes on that money at the time I earn it. Shouldn’t it be mine to do with as I please? I earned it. I paid the taxes on it. Just because I give it to someone else, Why should it be taxed again? Every dollar in circulation is taxed over and over and over again as it circulates within the economy. Your argument is quite illogical. And once you die, the money is no longer yours anyway so you are not being taxed again.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Zipp0 1 #22 October 12, 2007 Quote So If I go out and Earn $1 Million, Pay all the taxes on that money at the time I earn it. Shouldn’t it be mine to do with as I please? I earned it. I paid the taxes on it. Just because I give it to someone else, Why should it be taxed again? Basically you are saying that when you die, All your belongings should goto the Government. No, I said 95%.Maybe I would cap it. Anything over $1 million would be taxed at a very high rate, for example. Let you kids make their own way in the world. You did(guessing), and I did. I don't need anone to die to ensure my financial security. Just think, if Paris Hilton stood to inherit $12,000, nobody would give a shit what she did. That's pretty much good enough for me. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
DJL 235 #23 October 12, 2007 QuoteQuoteQuoteFuck that. Inheritance tax should be like 95%. Are you familiar with the concept of property rights? The dead have rights? The living have the right to determine and execute a plan to distribute their belongings as they see fit. If the inhertance tax hit 95% then I think we'd see a lot of people pidgeon-hole their earnings to ensure it remains within their family's possession. Hell, people even do that now."I encourage all awesome dangerous behavior." - Jeffro Fincher Quote Share this post Link to post Share on other sites
Thanatos340 1 #24 October 12, 2007 QuoteAnyways, what about someone who legitimatley starts a business and do not survive? Are they stupid? The fact of the matter is, most rich people will do anything to keep rich which can include cutting back on many things (usch as employees) which is why the gap is widening again. If their business failed, Most likely they made some bad decisions somewhere. Maybe the business itself was a bad decision or maybe they didn’t adapt to a changing environment. Quoterich people will do anything to keep rich which can include cutting back on many things (usch as employees) Cutting costs is key to maintaining and growing wealth. If the employee being cut can do things better than the one cutting them, They are free to start their own company. I will use your husband as an example. Immigrant that came here with nothing. Started his own business and seems to be doing well. But if he lost a few contracts, Shouldn’t he be able to cut a few employees? If he found a more efficient way to get the work done and cut down the people he needed, Shouldn’t he do just that?? Quote Share this post Link to post Share on other sites
SpeedRacer 1 #25 October 12, 2007 What makes you think the government deserves all that much money? The government would probably piss it all away on stupid wars. Paris Hilton hasn't started any wars last time I checked. fuck the government. As P J O'Rourke says, giving money and power to the government is like giving whiskey & car keys to teenage boys. Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
