Your whole thread premise is faulty. As already stated, the poor already pay no income taxes. This is information that could have been found in 20 seconds with a Google search. Hey, I am all for outside the box thinking. But instead of teaching those essentially outside of what many would consider normal society (that we support I might add) that their behavior is ok by allowing them to not contribute to society, we get them to actually contribute to it. How we do this is admittedly a tough question. But it doesnât and canât begin until they are willing to begin to start taking responsibility for themselves instead of thinking the village should provide for their every need. The poor are poor because of their choices, not because they couldnât contribute. They have just been trained that their behavior is ok so until that is reversed, nothing is every going to change.
And letâs face facts; the poor do not contribute much to society except a disproportionate percentage of the cigarette taxes they then receive back in social support programs. Why? Because the poor donât have much disposable income and what little they do have, is disproportionately spent on a few things that are obvious to everyone. The shrinking middle class and all those above that level are the consumersâ spending money. Why? Because they actually have some disposable income (and credit cards). So instead of trying to reduce the taxes of poor who donât contribute much (assuming they pay a little in taxes), donât you think it is you are better off giving those breaks to the people who spend and have disposable income?
Seems like common sense to me but it is a point our government canât seem to grasp. Instead they intend to punish those who are successful (and teach achievers extra achievement is not a good investment of scarce resources) and redistribute that to the very people who contribute the least to society and our economy. Why this isnât obvious to more people is foreign to me.
But when you get right down to it, the reason is most people are stupid and donât have any consciousness outside their bubble. Most never even consider the impact of policy, government interventions or how it will affect them (as it will someday). Then, the taxes of the business owner they work for are raised or they canât get business lines of credit anymore even though they have never missed a payment (hey, the guidelines changed says the banker) and the worker is laid off, all of the sudden it is the greedy business owner who is âscrewing the working man.â They never even consider the reasons why they lost their job because that is outside the bubble. Is it any wonder things are like they are and the country is where it is today?
Watch people drive and you can see how stupid people are. Some may not like this characterization of the masses and I get it. But I donât care because the truth is obvious to anyone who takes a minute to see what is going on around him or her everyday. Thereâs the rub. That is outside the proverbial bubble of most people until it is not and then it is too late. It truly is scary where this country is heading. The people who are most successful are the ones who see things as they are, not as they want or expect them to be.
I will quit writing with a great saying: There are three types of people out there: Those who watch things happen, those who make things happen and those who wonder what the hell happened. There are far too many people in that last category today. And it is there own fault they are there. And they donât even realize they are there until it is too late. Everyone is self made. Only successful people admit it.
Good trading all
BM
And letâs face facts; the poor do not contribute much to society except a disproportionate percentage of the cigarette taxes they then receive back in social support programs. Why? Because the poor donât have much disposable income and what little they do have, is disproportionately spent on a few things that are obvious to everyone. The shrinking middle class and all those above that level are the consumersâ spending money. Why? Because they actually have some disposable income (and credit cards). So instead of trying to reduce the taxes of poor who donât contribute much (assuming they pay a little in taxes), donât you think it is you are better off giving those breaks to the people who spend and have disposable income?
Seems like common sense to me but it is a point our government canât seem to grasp. Instead they intend to punish those who are successful (and teach achievers extra achievement is not a good investment of scarce resources) and redistribute that to the very people who contribute the least to society and our economy. Why this isnât obvious to more people is foreign to me.
But when you get right down to it, the reason is most people are stupid and donât have any consciousness outside their bubble. Most never even consider the impact of policy, government interventions or how it will affect them (as it will someday). Then, the taxes of the business owner they work for are raised or they canât get business lines of credit anymore even though they have never missed a payment (hey, the guidelines changed says the banker) and the worker is laid off, all of the sudden it is the greedy business owner who is âscrewing the working man.â They never even consider the reasons why they lost their job because that is outside the bubble. Is it any wonder things are like they are and the country is where it is today?
Watch people drive and you can see how stupid people are. Some may not like this characterization of the masses and I get it. But I donât care because the truth is obvious to anyone who takes a minute to see what is going on around him or her everyday. Thereâs the rub. That is outside the proverbial bubble of most people until it is not and then it is too late. It truly is scary where this country is heading. The people who are most successful are the ones who see things as they are, not as they want or expect them to be.
I will quit writing with a great saying: There are three types of people out there: Those who watch things happen, those who make things happen and those who wonder what the hell happened. There are far too many people in that last category today. And it is there own fault they are there. And they donât even realize they are there until it is too late. Everyone is self made. Only successful people admit it.
Good trading all
BM