See this is exactly what Iâm talking about. Lower and middle income people follow the rules, then get shafted by the rich and then people like you go around and are happy about it. You call that capitalism at its finest. Then, you sit at home and canât figure out why people vote Democrat. Does that seem even a little messed up to you? I took out a loan to start a business. You know, something people have been doing for thousands of years? I followed the rules and they decided I was a perfect candidate for them to fleece for more money. So they jacked my rate to 24% for no reason other than they can. Have you ever read those contracts? If anybody can actually understand them, youâll probably find out that they are entitled to take your first born if they so choose. But there is something that trumps any legal contract out there, itâs called common human decency. Something that doesnât seem to be so common in the business world today. I wish they could find away to do that to your mortgage or student loans. Youâre entire minimum payment would just go to interest and you would never pay it off. Then they would own you. So now, Chase isnât getting a dime from me. Iâm going to wait till it goes to collections and offer a lump sum payment. Did they really expect to be able to screw me like that and there would be no repercussions? Call me a deadbeat, see if I care. You can go ahead and pay King George your tea tax, but I wonât. BTW Iâm still waiting for your reply to this post over here. http://www.elitetrader.com/vb/showthread.php?s=&postid=2456968#post2456968
No the point is, how come we never ask how the rich got rich in the first place? If they screwed people to get rich and didnât really produce products that bring value to an economy, I would contend that to tax them wouldnât be redistribution, it would be re-redistribution. When the rich take from the poor, we donât call that redistribution of the wealth. So how come when the poor take from the rich we do call that redistribution? I have never understood the simple logic of saying tax revenues actually go up when taxes go down. How can that be possible? The only way I see that happening is at the same time there is a vast increasing of the money supply. That would cause inflation, which would be a defacto tax on the poor and middle class anyways. Didnât Bush prove your logic wrong? Huge tax cuts with the added benefit of deficit spending did not improve our economy. GM jobs are being replaced by Wal-Mart jobs and the Federal debt has doubled in the past 8 years. With the tax cuts, deficit spending, and the inflation of the past 8 years, our economy should be booming, but itâs not.
Somebody who works for a mechanic who charges $90 an hour, but gets paid $15, canât just tell his friends that heâll fix their cars in his garage for $70 an hour. Nobody would pay that much for a service that doesnât come with the business guarantees that the mechanic offers. ------------------------------- I beg to differ on your comment. If the difference between 15 you get paid and the 90 the garge charges, $90 is your monetary target, if you decide to open your own business. People will pay pretty close to the higher rates if you offer value. and it can be done. I've done it and on the flip side I've paid higher rates to independents for better service. Ditto on the cleaning business. People will pay the going corporate rate to an independent just to have peace of mind they trust the independent and have the same people in their business or home each week or whatever.
"rich take from the poor"... a current Obama, Socialist, Liberal catch-phrase... yet I can't think of a single example. Please post a couple so that I can be clear that this saying is something other than pure BS.
I have never understood the simple logic of saying tax revenues actually go up when taxes go down. How can that be possible? -------------------------- On this point, No disrespect intended but you need to research and answer this one on your own to understand this. The work and the path it would take you to understand this would be more beneficial than having someone explain it to you, which would just be Cliff notes. Seriously.
OK, thatâs true. But doing everything here we are talking about doesnât really make you an independent, it makes you a business owner. The original poster made it out like anybody can just be an independent and go start cleaning houses for $25 an hour. I think we can all agree that that is not true. Somebody can however, start their own business, put the initial capital into it, find clients, pay the overhead and then get better pay assuming everything works out. Of course if business gets slow, they get paid nothing. Thatâs the risk and requirement when opening a business.
Typical ET response. Someone asks a simple question and everybody writes it off and comes up with some crappy response that tries to delegitimize the question based on whoâs asking it. Itâs a simple question. If taxes go down, how can revenues go up if the money supply stays the same? Reagan cut taxes, revenues went up. But there was this little thing called massive inflation throughout the 80âs that sort of helped that theory. Clinton raised taxes, but yet the economy in the 90âs was very good. It seems all the tech millionaires werenât deterred from working by higher taxes. Then Bush cut taxes and the economy goes in the crapper and now less revenue is being created. Bush also tried to pump the money supply, but itâs not working. So I donât see the correlation? Iâm sure however that you will write this off as some idiot not knowing what heâs talking about instead of just explaining how revenues can go up when taxes are cut if the money supply does not increase. Please, Iâm all ears.
Well the most obvious one is inflation. It is a defacto tax on the poor that benefits the rich. Banks lend money out of thin air, which increases letâs say house prices. So then people canât afford to buy houses. So they have to get an even bigger mortgage, which of course the banks make more interest off of. What about $146 oil prices? We all know that was a scam. How many people last summer had to chose between eating and filling up their car with $4.25 gas? What about all the people who work for companyâs who are continuously raising their prices, but somehow the employees never seem to get a raise? Rich employers take advantage of tight labor markets to not give their employees raises. I used to deliver pizza. What the store gave the drivers for mileage was nowhere near enough the actual cost of driving the car. So I had to pay for it out of the sub minimum wage that they paid me. They donât care, theyâll just hire the next guy who is desperate for work. What about employers insourcing cheap foreign labor and then donât hire Americans? Peopleâs health insurance is increasing 15% a year. Thatâs not the rich taking from the poor? Then of course there are the banks tripling credit card interest rates on people with perfect payment history. 25% interest rates is not the rich screwing the poor? You shouldnât have asked me to give real life examples because unlike most people around here, I actually give them.