Nothing like stifling and squashing anyone's desire to kick ass and get ahead in life. The American way, for sure
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Nothing like stifling and squashing anyone's desire to kick ass and get ahead in life. The American way, for sure
- Respect is the ultimate currency
I'm all for the spirit of entrepreneurship, and I like keeping my own money as much the next guy.
I like to think of myself as rich, but I get confused every time we get this 30% of Americans who adamantly defend the top 1/10th of 1 percent as if they will be in that group in the next 6 months.
There seems to be a genuine fear that those people will magically pull up roots, and America won't be able to service or replace their knowledge / ownership of companies if they somehow disappear.
Go Gophers!
That's because obama fixed it, I mean, the Fed has spent the past decade pumping up the prices of assets, stocks, bonds, real estate. That's not real wealth, it's paper wealth. And it can never be monetized. So it looks bad, it looks like concentrated wealth, but it isn't real. All that stat shows is that a lot of the country has no savings. And why should they? The Fed has been punishing savings for over 20 years. It's no wonder the average person has a negative savings rate and no assets. Blame the Fed/Government. But Obama fixed it though.
Real estate, stocks, bonds and other assets can't be monetized?![]()
Even Republican politicians are getting on board with increasing taxes on the rich.
"I am willing to pay more, and you know what, the wealthy are willing to pay more." "The middle class has to be protected." The rich are "probably going to end up paying more," he said. "It’s going to cost me a fortune, which is actually true." "You've seen my statements. I do very well. I don't mind paying a little more in taxes. The middle class is getting clobbered in this country," he said. "The middle class built this country, not the hedge fund guys." "I would let people who are making hundreds of millions of dollars a year pay some tax." "Because right now, they're paying very little tax. I think it's outrageous."
QUESTION: "Do you believe in raising taxes on the wealthy?"
ANSWER: "I do. I do – including myself. I do."
https://www.cnbc.com/2016/05/08/dona...x-on-rich.html
https://www.politico.com/story/2015/...ax-plan-214139
https://money.cnn.com/2015/08/27/new...nomy-tax-plan/
https://www.realclearpolitics.com/vi...ng_myself.html
https://www.nj.com/politics/index.ss...xes_on_mi.html
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