Stop watching Nicole Ritchie and Paris Hilton.
They aren't anything like typical, American millionaires.
If they were US would be doomed!
Stop watching Nicole Ritchie and Paris Hilton.
They aren't anything like typical, American millionaires.
I've given it some thought - and think that it is very much more possible for me (now that my kids have grown and left home).First off, I like the "revolution" the Libertarians are trying with the Free State Project. States are the best way to "push back" against the federal.
By the way: "Upper half" starts from?
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I've given it some thought - and think that it is very much more possible for me (now that my kids have grown and left home).
Wife is somewhat resistant to the idea (wants to be near family in the area).
You guys given it much thought?
cheers,
First off, I like the "revolution" the Libertarians are trying with the Free State Project. States are the best way to "push back" against the federal.
Secondly, you're facts are pretty screwed up on "10%". FYI ...
- The top 2% of Americans make $150,000/year up-ward
- The overwhelming majority of the top 1% of Americans make 6 figures/year (not 7-8, with virtually no one making more than 8 figures income/year, and 8 is pretty rare itself for most major CEOs)
- The upper half (top 50%) pay 96% of income taxes
- Annual discretionary capital for households that make $150,000/year is median around $10,000-20,000/year, as are most people who earn 6 figures (only about about 10% is discretionary spending)
- 80% of Millionaires drive a non-luxury sedan, typically Ford or Toyota
- 80% of Millionaires have a home worth less than $250,000
- 90% of Millionaires have less than $50,000 in liquid assets (majority is either a small business or real estate)
- 90% of Millionaires are first generation
Stop watching Nicole Ritchie and Paris Hilton.
They aren't anything like typical, American millionaires.
I've asked this question before and I would like to hear opinions on it:BTW, I agree with your first point; states should retain more power, sorta like the Articles of Confederation. But you probably know that the AOC didn't work because of its weak right to tax at the state level. The Federal Government needs to be weakened, definitely.
I've asked this question before and I would like to hear opinions on it:
Which version "suits" you (or describes/determines your philosophy) better?
1. The United States is a prosperous nation.
2. The United States are a prosperous nation.
Yep, as you can see, the top 50% pay 96.7% of all taxes.By the way: "Upper half" starts from?
Link
Yes, it's called a progressive tax system.OK..so basically it works like this:
the more you make, the more you pay...
the more you pay, the more the government gets...
Correct, as the more the government takes out of circulation, the less there is to invest, the less jobs are created.the more the government gets, the less everyone receives...
It's called a progressive tax system.As the government works...1% equals 19% ..and a 19% share equals a 37% burden.
BRILLIANT! :2 cents:
The government does not create jobs in a capitalist society.
Which is a real problem, when private industry relies on government. That's not capitalism at all.The government creates a lot of jobs. For example through public invitation to tender (I think it is called that in way in American English), when a new bridge, road or tunnel is to be built.
Without the building and maintenance of infrastructure at least one out of five companies in the building/construction industry could face insolvency.