>>>...has the same opportunities....if " the classes below them" want to have the same advantages, they can...they just have to work to earn such privileges....<<
This statement she made is correct. It's the reason so many people flock to this country and always have. While it's not guaranteed that they will have the success they desire the mere fact they have the opportunity to attempt to achieve it is something that may not be available them where they came from.
Nobody said your husband or you didn't work hard. But you made your own choices with regard to the jobs and lifestyle you chose to pursue. If you're not happy with those choices you have the opportunity to change them. Don't begrudge others for making better or different choices.
While it's true some people are born with strengths or advantages that doesn't mean you have no opportunity to be successful. It may just mean you have to try harder.
My husband and I both put our life on the line in the service of this country as well (military service). We also have used the skills and knowledge we gained in the process to build an extremely successful business. No special privileges just an ability to predict future needs and a great drive and interest in how we might go about filling them. It took time, patience and determination and a level of risk. Not everyone might have been up to the task but anyone could have taken the same path and been as successful if they had done the same.
We all have different levels of challenge in our lives. We all have an equal right to the pursuit of our dreams and ambitions in this country. It doesn't mean we will all have it as easy as the next guy or that we will all be successful but it was never meant to be that way.
>>Yes, and that is fair. You do realize that as they are more wealthy, most of their income comes from capital gains and dividends which are taxed at a much lower rate than how the majority of the population are taxed on earned income from wages which can be taxed at a much higher rate<<
What you fail to appreciate is twofold. First they take a risk when they make an investment. Without risk takers the credit market dries up. Capital disappears. Our economy comes to a standstill. Sound familiar. Secondly, the value of the investment dollars they "tie up today" (give the use of up to someone else in the hopes of future value) is worth less in the future. Thus they are rewarded by being paid for allowing someone else to use their money. The payment is made in several forms, low risk interest taxed at regular income taxes rates or "capital gains" which they must tie up much longer in order to receive a favorable tax rate upon withdrawl.
>>Did I ever say they shouldn't??? I am saying that the wealthy have a huge advantage to grow this wealth in which the majority of the population cannot. This needs to be taken into consideration when you are thinking about how to tax people. The majority of the population should deserve a break on the tax burden since they do not get such breaks on growing wealth. Even with such considerations when taxing, the wealthy still continue to have a huge advantage to grow wealth.<<
And did you ever stop to consider the fact that most people work their whole lives to accrue their wealth? You make it sound like it's the norm to simply be born that way. I'd be considered wealthy at this time in my live by many. I can't being to tell you how long and hard and how many sacrifices it took along the way to find myself so categorized. It's very disheartening to learn that the reward for it all is to continually be expected to pick up larger and larger parts of the bill for bulk of the rest of the country. To continue to have to juggle finances just to meet our payroll but yet be expected to make those huge quarterly tax payments regardless of when we actually get paid. But of course in the end, one day we'll actually get ahead of things when the business is dissolved (and hopefully all the employees find other work) or purchased but then we'll be taxed again on that sale.
It's quite hard no doubt to work up to the level of wealthy and with that level comes a tremendous amount of responsibility and liability and there comes a point when robbing someone who has made these sacrifices and taken these enormous risks to the point of confiscating 50% or more of the earnings simply because they're reached some savings milestone---well, a public that finds that morally acceptable may find in the end that it's not really in their best interest afterall. If the wealthy go away, whose going to pay the public's bills then? Who will provide the capital for economic growth? Who will be the employers of the future? Be careful what you wish for.
What you fail to understand because of your resentment of the wealthy is their enormous contribution to your quality of life.
Without those willing to risk their earnings through investment there would be so many things that we take for granted that we would not have. There would be fewer jobs and higher taxes because afterall without the wealthy you might have to pay your fair share.
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i still say that the compensation recieved by military families is not relevant to the tax brackets and income taxes paid by the super rich...
<>
Ah, yes it does.
you missed the second half of the discussion where i discussed supply and demand.
I actually didn't miss your opinion at all. The military is over stretched and the soldiers are treated like property
I'll tell you why CEO's get crapped on in times like these:
>>>...has the same opportunities....if " the classes below them" want to have the same advantages, they can...they just have to work to earn such privileges....<<
This statement she made is correct. It's the reason so many people flock to this country and always have. While it's not guaranteed that they will have the success they desire the mere fact they have the opportunity to attempt to achieve it is something that may not be available them where they came from.
Nobody said your husband or you didn't work hard. But you made your own choices with regard to the jobs and lifestyle you chose to pursue. If you're not happy with those choices you have the opportunity to change them. Don't begrudge others for making better or different choices.
While it's true some people are born with strengths or advantages that doesn't mean you have no opportunity to be successful. It may just mean you have to try harder.
My husband and I both put our life on the line in the service of this country as well (military service). We also have used the skills and knowledge we gained in the process to build an extremely successful business. No special privileges just an ability to predict future needs and a great drive and interest in how we might go about filling them.
It took time, patience and determination and a level of risk. Not everyone might have been up to the task but anyone could have taken the same path and been as successful if they had done the same.
We all have different levels of challenge in our lives. We all have an equal right to the pursuit of our dreams and ambitions in this country. It doesn't mean we will all have it as easy as the next guy or that we will all be successful but it was never meant to be that way.
"I'm still suffering from momnesia as mommy to a newborn
Kristen,
You may want to check out this board:
>>Yes, and that is fair. You do realize that as they are more wealthy, most of their income comes from capital gains and dividends which are taxed at a much lower rate than how the majority of the population are taxed on earned income from wages which can be taxed at a much higher rate<<
What you fail to appreciate is twofold. First they take a risk when they make an investment. Without risk takers the credit market dries up. Capital disappears. Our economy comes to a standstill. Sound familiar. Secondly, the value of the investment dollars they "tie up today" (give the use of up to someone else in the hopes of future value) is worth less in the future. Thus they are rewarded by being paid for allowing someone else to use their money. The payment is made in several forms, low risk interest taxed at regular income taxes rates or "capital gains" which they must tie up much longer in order to receive a favorable tax rate upon withdrawl.
>>Did I ever say they shouldn't??? I am saying that the wealthy have a huge advantage to grow this wealth in which the majority of the population cannot. This needs to be taken into consideration when you are thinking about how to tax people. The majority of the population should deserve a break on the tax burden since they do not get such breaks on growing wealth. Even with such considerations when taxing, the wealthy still continue to have a huge advantage to grow wealth.<<
And did you ever stop to consider the fact that most people work their whole lives to accrue their wealth? You make it sound like it's the norm to simply be born that way. I'd be considered wealthy at this time in my live by many. I can't being to tell you how long and hard and how many sacrifices it took along the way to find myself so categorized. It's very disheartening to learn that the reward for it all is to continually be expected to pick up larger and larger parts of the bill for bulk of the rest of the country. To continue to have to juggle finances just to meet our payroll but yet be expected to make those huge quarterly tax payments regardless of when we actually get paid. But of course in the end, one day we'll actually get ahead of things when the business is dissolved (and hopefully all the employees find other work) or purchased but then we'll be taxed again on that sale.
It's quite hard no doubt to work up to the level of wealthy and with that level comes a tremendous amount of responsibility and liability and there comes a point when robbing someone who has made these sacrifices and taken these enormous risks to the point of confiscating 50% or more of the earnings simply because they're reached some savings milestone---well, a public that finds that morally acceptable may find in the end that it's not really in their best interest afterall. If the wealthy go away, whose going to pay the public's bills then? Who will provide the capital for economic growth? Who will be the employers of the future? Be careful what you wish for.
"if your family pays income taxes (if you have put more in than recieved back after filing) than you are likely in the top half of wage earners"
We NEVER get back all that we pay in - not even close.
What you fail to understand because of your resentment of the wealthy is their enormous contribution to your quality of life.
Without those willing to risk their earnings through investment there would be so many things that we take for granted that we would not have. There would be fewer jobs and higher taxes because afterall without the wealthy you might have to pay your fair share.
Pages