High Taxes worldwide
- Thread starter zdreg
- Start date
The world we live is this. Amazon finds innovative ways to avoid paying tax. It's CEO amassed enough wealth to fund a private mission to space. There are hundreds of thousands of single mom with kids working in McDonald's to make ends meet. Suddenly a pandemic come over and her ability to make income is gone. Who is at fault here?.
Technically no one. But if Bezos was right then it is the fault of the government to have not taken wealth away from him to reroute where necessary.
To comprehend these things we need to stash emotions away and think harder.
This however doesn't mean steal everything from Rich to give to poor. There is a huge difference between bozos and his ex wife. One is philanthropic while the other is not. The fault is there are too many Bezoses. Solution is certainly not a Bernie sanders unchecked.
Solution is charity not the bigger spendthrift govt. But why not just ban money all together? That will remove people's incentive to be creative to make money and create wealth. That will equalize everybody.
"That will equalize everybody" That is the goal of socialists everywhere except for the the political elite, who get fatter and fatter. Think of the Venezuelan socialist revolution where people are equally poor, starving and dying from lack of medicine
Exactly right. We're giving millions of dollars, in some cases each! to farmers and jackasses like Devin Nunes who pretend to be farmers in a pure welfare play to people who have a net worth often in the millions. And then there are all the tax subsidies given to fossil fuel companies worth billions....while they're making billions.
Oh, wait, you were talking about giving food stamps to a single mom so her 5 year old could eat weren't you. Yeah, screw that lazy entitled 5 year old!
Dec Gasoline settled at 2.4251 Friday, but between Federal tax of 18.4 cents and Texas tax .20,
shows not much profit made in selling gasoline at the pump in Texas. But checking Enumclaw, WA at the pump is more than a buck difference. But I do find it interesting how much different states charge for State Taxes for gallon of gasoline.
The Federal Gasoline Excise Tax Rate: What Is It? (thebalance.com)
Gas Tax by State 2020 - Current State Diesel & Motor Fuel Tax Rates (igentax.com)
cheapest gas app
El Paso Gas Prices - Find Cheap Gas Prices in Texas
shows not much profit made in selling gasoline at the pump in Texas. But checking Enumclaw, WA at the pump is more than a buck difference. But I do find it interesting how much different states charge for State Taxes for gallon of gasoline.
The Federal Gasoline Excise Tax Rate: What Is It? (thebalance.com)
Gas Tax by State 2020 - Current State Diesel & Motor Fuel Tax Rates (igentax.com)
cheapest gas app
El Paso Gas Prices - Find Cheap Gas Prices in Texas
This is a much bigger deal than many people realize.
There are many people out there today, who simply can't manage money. You could give them a million dollars and in five years it'll be gone. Don't believe me, do some research into how things go for many lottery winners.
https://direct.mit.edu/rest/article...ket-to-Easy-Street-The-Financial#.VpLMM1J327Q
(Or Nicholas Cage)
The idea that a government is going to achieve "equality" is idiotic. Person A might choose to invest 90% of their disposable income for 40 years to build financial security. Person B might decide to take a lavish vacation every year instead.
The idea that person A owes money to person B is nothing short of evil.
They really should have a class in high school where everyone reads books like "Rich Dad Poor Dad". It would probably be more important than anything else they learn thoughout the entire academic program. Beside studying hard and picking a good career, it's important not to go bankrupt. It's important to consider what commitments you are making and how those will affect you and those around you long term.
Why is it interesting? Different states have different ways of soaking the public.
"Rich Dad Poor Dad", you mean the book written by Robert Kiyosaki...the guy who filed for chapter 7 bankruptcy in 2012 after earning more than $45 million in royalties? That "Rich Dad, Poor Dad"?
Aside from the questionable concept of taking financial advise from a financial failure, there are a couple of inherent assumptions you make that I've pointed out to you before but you seem to fail to internalize. First, while you may believe that wealth is a worthy end in and of itself, a big chunk of the rest of the world doesn't share that view. Neither is wrong, but then neither has some moral imperative as being right, as you're implicitly assuming. I made a decision when I was 19 that my life was going to be made up of experiences and wealth was only valuable as a means to the end of being able to maximize my experiences. I lived modestly on a military officer salary for 20 years in order to take what you would take to be "lavish vacations" all over the world each year with my wife and children precisely because we valued the experience far more than having a pile of money sitting around. And if I'd died at 35, I wouldn't have had a regret in the world for choosing that path, and I would have been furious at myself if I'd scrimped and saved and passed up so many of those experiences just for what to me would be a worthless pile of money. I value experience, you value the pile of money when you die. Again, neither of us is "right". There is certainly no moral imperative to invest 90% of your disposable income and miss out on a huge variety of life experiences in order to have a pile of money when you're old. Who are you and I to say a poor person shouldn't be allowed to choose to have experiences with any extra money they have rather than building wealth?
Here's the real kicker though, because I led a broad and rich life, I was able to start two successful businesses after I left the service and now have significantly more wealth than I would have been able to save in 100 lifetimes of living a miserly existence while putting 90% of my disposable income into savings. My children have a base of experience that will put them in a far better place by the age of 40 through their own efforts than they would be in if they were benefiting from my wealth or an inheritance. I would be absolutely furious with myself if I'd passed up all those life opportunities when I was younger to save a total amount of money that today is completely insignificant to me. The worst possible thing I could have done to achieve the goal you seem to want, significant wealth at middle age, was to follow the Rich Dad, Poor Dad advice. Apparently the worst possible thing Robert Kiyosaki could have done as well. And yeah, that might be an exception but I certainly upped my odds of reaching that exception by doing the exact opposite of Kiyosaki's advice.
I'm guessing you're young. You probably haven't internalized yet that most reasonably fit 25 year olds can hike Kilimanjaro almost on a whim where as only a few 75 year olds can even do it at all after and then only after careful preparation. By the time you're that age, huge swaths of experiences you could have had at any time from 20-65 are completely beyond reach, no matter how much money you have. And that's not even taking into account the fact that you can't do a party sailing trip with a bunch of 20 year olds in Croatia when you're 40 even if you're physically able to, many experiences are age appropriate and you only have one window to do them. I hope you don't end up at the age you realize your own mortality before you start to seriously think about what your pile of money is actually getting you versus the alternative.