I don't know where some of you folks live in this Country, but let me know when you can find a $300,000 home in a metropolitan area of California where there are jobs that pay $75-$100k.
Everyone please refrain from using the F* word in your posts. While it doesn't offend some it does offend a lot of people and the moderators get blitzed with emails to either close the thread, move it, or warn the offender. Heated debates are fine even encouraged but keep them civil and respectful if your going to post here. Much thanks.
keep raising taxes...and this is what u'll get! > > Bar Economics > > > > Suppose that every day, ten men go out for beer. > The bill for all ten comes to $100. > If they paid their bill the way we pay our taxes, > it would go something like this: > > The four poorest men would pay nothing... > The fifth would pay $ 1. > The sixth would pay $ 3. > The seventh would pay $ 7. > The eighth would pay $12. > The ninth would pay $18. > The richest would pay $59. > > So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until on e day, the owner threw them a curve. 'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20. Drinks for the ten now cost just $80. > > The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink free. But what about the o ther six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. > > And so: > > The fifth man now paid nothing (100% savings). > The sixth paid $ 2 instead of $ 3 (33% savings). > The seventh paid $ 5 instead of $ 7 (28% savings). > The eighth paid $ 9 instead of $12 (25% savings). > The ninth paid $14 instead of $18 (22% savings). > The tenth paid $49 instead of $59 (16% savings). > > Each of the six was better off than before. > And the first four continued to drink free. > Outside, the men began to compare their savings. > > 'I only got a dollar out of the $20,'declared the sixth man. > He pointed to the tenth man,' but he got $10!' > > 'Yeah, that's right,' exclaimed the fifth man. > 'I only saved a dollar, too. > It's unfair that he got ten times more than I did!' > > 'That's true!!' Shouted the seventh man. > 'Why should he get $10 back when I got only two? > The wealthy get all the breaks!' > > 'Wait a minute,' yelled the first four men in unison. > 'We didn't get anything at all. The system exploits the poor!' > > The nine men surrounded the tenth and beat him up. > > The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! > > And that, boys and girls, journalists, and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction (but the least percent tax reduction). Tax them too much, attack them for being wealthy, and they may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat fr iendlier. > > For those who understand, no explanation is needed. > For those who do not understand, no explanation is possible.. >
I see your point. I've read your posts and you're a really smart guy. In all honesty, the least risky choice for someone with that conflict would be to relocate. Otherwise they are accepting the risk. I know it's not the optimal thing to do, but if you choose to live in metro cali or anywhere else like that, you are inherently accepting the risks associated with such a high cost of living. Kind of like having a small trading account trying to trade big contract size...the best thing to do is trade as small as possible. It isn't the most fun thing do, but to trade bigger or play more volatile markets means that you are accepting the risks associated with doing so.
Hell yeah they should be spreading that liberal love around except liberals are more interested in handouts then handing out. John
'I don't know where some of you folks live in this Country, but let me know when you can find a $300,000 home in a metropolitan area of California where there are jobs that pay $75-$100k.' Well if only $500K homes are available in California then either you team with some good friend or relative as co-owner and share the housing arrangement leading to split mortgage, expenses and equity build up at the time of sale etc. other option is to move to places like Iowa, Illinios or Minnesota or even some medium size town in South where jobs are still there and housing not totally out of the reach.
Where would they go? If a man has a million to invest is he going to NOT invest because after-tax returns are 50K instead of 75K: I doubt it.
Where would they go? If a man has a million to invest is he going to NOT invest because after-tax returns are 50K instead of 75K: I doubt it.
26 years old, huh? You sound like it. Nope, no debt and no 500K house. House 350K, lets see off the top of my head: Mortgage $1550 Taxes $600 Ins $400 Car Ins $250 Elect $400 Cable $120 Cell phns $120 Platform $250 Data/News $250 Food $1000 (kids eat a lot, you find out when you grow up) Gas $300 Misc $750-$1500 (lunch,dentist, dr, birthdays, kids stuff,etc, etc. denist appt this month cost me $870, for example). Could I live on less, sure. I could live like I was 26, but I don;t want to. Remember , I'm not complaining one bit. I have a great life. Hell, you'd call me rich. I was merely pointing out that it's obvious you've never made much money or you wouldn't make stupid comments like you did. I was also hinting, clearly to stuble for you to catch, that for someone like you who seems to know it all it's surprising you have never made more money. Must be tough having all the answers with nothing to show for it, huh? correction, wife informs me food is more like $600, but I forgot things like regular phone, water, health insurance ($800/mo), etc. p.s. all the tough talk, like "back it up" really don't make you look very smart. I mean if I didn't, what exactly would you have done to me?..lol!