Owning a $40m home is disgusting...

Discussion in 'Political Opinions & Beliefs' started by Murikawins, Feb 6, 2013.

  1. Unifier

    Unifier New Member

    Joined:
    Mar 24, 2010
    Messages:
    14,479
    Likes Received:
    531
    Trophy Points:
    0
    Oh, I'm sorry, I thought you were serious when you said you'd pass on congratulating him. So you were being sarcastic then?
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    No, re-read my post. Why should he be congratulated for getting a special low tax rate that is lower than most median income families pay?

    It's and absurdity, not something to be congratulated for.
     
  3. Archie Goodwin

    Archie Goodwin New Member

    Joined:
    Feb 4, 2013
    Messages:
    1,826
    Likes Received:
    9
    Trophy Points:
    0
    You're sounding like Warren Buffett. :)
     
  4. Unifier

    Unifier New Member

    Joined:
    Mar 24, 2010
    Messages:
    14,479
    Likes Received:
    531
    Trophy Points:
    0
    Because he's got the good life that you don't have. Congratulate him for that instead of being mad about it. You might not hate him, but you're obviously mad. And you're only mad because it isn't you.
     
  5. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    Of course, I think it is total bull(*)(*)(*)(*) that a guy worth a quarter billion dollars raking in $20 million in unearned income every year pays a lower rate of tax that a median income family. You should be mad too.
     
  6. Archie Goodwin

    Archie Goodwin New Member

    Joined:
    Feb 4, 2013
    Messages:
    1,826
    Likes Received:
    9
    Trophy Points:
    0
    Now to the point, once again using Warren Buffett as an example, who does and has always lived a modest middle class lifestyle, at home. The same family home he and his wife raised their children in, in a nice upper-middle class suburb. And you might recall Warren gave a few buck to charity. But Warren does not hate Bill Gates; in fact they're very good friends, even though Bill & Melinda are raising their kids in a home with annual property taxes in excess of $1 million, on an appraised value of about $115 million. But Bill & Melinda too gave to charity, just not at Warren's level, quite yet.

    And both Bill & Warren went on speaking engagements in opposition to Bush 43 Tax Cuts. Warren, a self-described Liberal Democrat, even went further in trying to change the tax code, with the so-called Buffett Rule.
     
  7. Unifier

    Unifier New Member

    Joined:
    Mar 24, 2010
    Messages:
    14,479
    Likes Received:
    531
    Trophy Points:
    0
    Like I said, you're only mad because it's not you. If that was you, you'd be happy about it. Why should I be mad? That's stupid.
     
  8. Archer0915

    Archer0915 New Member

    Joined:
    Oct 18, 2011
    Messages:
    6,412
    Likes Received:
    128
    Trophy Points:
    0
    Yeah people think these people are greedy! many of them have a main job - giving money away:

    GATES:
    http://en.wikipedia.org/wiki/Bill_&_Melinda_Gates_Foundation
     
  9. reallybigjohnson

    reallybigjohnson Banned

    Joined:
    Jun 23, 2012
    Messages:
    8,849
    Likes Received:
    1,415
    Trophy Points:
    113
    Lamb chops aren't taxed.....at least in my state and food is a necessity. In my state only processed foods and cooked or prepared foods like pasta salads etc are taxed. If you just by the ingredients then there is no tax on it.

    Regarding buying habits the current tax system doesn't do anything about that. If Romney just sat on all his money and never invested and never drove anything but 10 year old used cars he wouldn't be paying any taxes in the current system. You still have to pay the consumption tax on the Econoline no matter what. By in large people that make more money spend more money. The debt rate of upper income people is just as awful as lower income people because they buy big expensive houses and expensive cars statistically. Most people with money are not living like hermits in log cabins burying their money in lunch boxes in the back yard.

    Even if they don't by much for themselves they still invest with it in which case they are paying the capital gains tax which in my world would be the same rate as the flat tax rate so that even if you retire a millionare at the age of 40, if you want to continue to make money in the system then you pay your share.
     
  10. Archer0915

    Archer0915 New Member

    Joined:
    Oct 18, 2011
    Messages:
    6,412
    Likes Received:
    128
    Trophy Points:
    0
    My E150 is lower on taxes than my Mercury Grand Marquis. If you mean the additional tax that may be tacked on when you buy a new one then it is moot. I never buy a new car! Only bikes thought I am looking real hard at the express or a new Econoline.
     
  11. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    Like I said, of course, I think it is total bull(*)(*)(*)(*) that a guy worth a quarter billion dollars raking in $20 million in unearned income every year pays a lower rate of tax that a median income family.
     
  12. dudeman

    dudeman New Member

    Joined:
    Apr 16, 2006
    Messages:
    3,249
    Likes Received:
    44
    Trophy Points:
    0
    This is where I have a problem with this type of argument. Nobody complains about the "business model" that allows athletes, actors, musicians and CEO's enormous sums of money, however, everyone complains about them living like a pig. Put your money where your mouth is. Do not EVER employ a lawyer. Do not ever attend a professional sporting event. Do not ever attend a concert. Do not ever buy a song from Amazon. It is as simple as that if you have the willpower. These are discretionary activities. Buy the essentials and these frivolous freeloaders will disappear. My guess, however, it that you are too brainwashed to discipline yourself and you will continue to complain.
     
  13. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    I don't have any problem with anyone making tons of money. I have a problem with them making tons of money and paying lower tax rates than middle class folks while we have a trillion dollar deficit.
     
  14. SiliconMagician

    SiliconMagician Banned

    Joined:
    Apr 15, 2010
    Messages:
    18,921
    Likes Received:
    446
    Trophy Points:
    0
    This is so wrong. Rich ppl don't call up Lowes. They get online and find fine craftsmen. individual contractors who have proven themselves through word of mouth.

    Besides, that 40m in real estate is an investment, not pointless consumption
     
  15. Unifier

    Unifier New Member

    Joined:
    Mar 24, 2010
    Messages:
    14,479
    Likes Received:
    531
    Trophy Points:
    0
    Why, though? Why you mad, bro?
     
  16. Archie Goodwin

    Archie Goodwin New Member

    Joined:
    Feb 4, 2013
    Messages:
    1,826
    Likes Received:
    9
    Trophy Points:
    0
    It's still $40 mill that gets moving around. But typically, a guy/gal with a home like that is spending way less as a percentage of their income on housing. The bulk of what they take out of the economy tends to stagnate, which is great for them, but every other wealthy person's dough, which is an increasing percentage of all income, is stagnating, too. So they're screwed more than some schmuck like me who makes $150 K, or so, since their $1 Billion is not $1.3 Billion or so, due to more cash moving around the economy and benefitting their many investments and business enterprises.

    Maybe Bill and Warren are not all altruistic as we might think, and get it that when the economy thrives due to a decent percentage of all wealth going back into it, they indeed keep a smaller percentage, but of a MUCH larger number. They win more than the few million schmucks who get a low paying job, or even a fairly decent one with government, due to the greatly increased economic activity. Bill's measly $65 Billion might be $70 Billion, or more.
     
  17. dudeman

    dudeman New Member

    Joined:
    Apr 16, 2006
    Messages:
    3,249
    Likes Received:
    44
    Trophy Points:
    0
    While I also find it offensive that I have paid a higher effective tax rate than Mitt Romney for the last 15+ years despite making a lot less money, there is a lot more money to be had by eliminating discriminatory social programs that are not designed at covering everyone (i.e. the Affordable Care Act as opposed to universal healthcare, Public Housing, Welfare, etc.). Neither side of the USA political spectrum (Democrat or Republican) wants to acknowledge this obvious fact.
     
  18. Jackster

    Jackster New Member

    Joined:
    May 30, 2012
    Messages:
    3,275
    Likes Received:
    32
    Trophy Points:
    0
    Most of his gains which brings down the average are via capital gains, bank interest and dividends, go ahead and tax those as per personal income and watch the economy crash in a screaming heap - leftards dont want to acknowledge this obvious fact
     
  19. Archie Goodwin

    Archie Goodwin New Member

    Joined:
    Feb 4, 2013
    Messages:
    1,826
    Likes Received:
    9
    Trophy Points:
    0
    What's the magic percentage at which folks won't want to make a million bucks. 15%, 20%, 40%? We leftards need schooling on math and stuff.

    So thanks in advance for schooling me and others.

    XO,

    -ag
     
  20. SiliconMagician

    SiliconMagician Banned

    Joined:
    Apr 15, 2010
    Messages:
    18,921
    Likes Received:
    446
    Trophy Points:
    0
    So Generation X has a duty to break itself and has to settle into a reduced mode of prosperity to keep coddling the worst generation America has ever created after the millenials, baby boomers?
     
  21. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    That is the ugly truth. The "Pass the Buck" generation has been a disaster for this country. They're interest in maximizing their own wealth with tax cuts and their own benefits with spending and to hell with the country and the future.
     
  22. JP5

    JP5 Former Moderator Past Donor

    Joined:
    Mar 17, 2004
    Messages:
    45,584
    Likes Received:
    278
    Trophy Points:
    0
    Not true. My Dad was a carpenter during his lifetime and always made much more than minimum wage.
    Minimum wage is a starting hourly pay. Anyone starting out on a first job usually gets min wage.....like high school and college students for part time work. And when min wage gets raised to ridiculous amounts......like the Democrats always do, it only hurts those who want to start out getting some experience. IF a company can't...or doesn't want to pay $9/hr for a beginning worker with no experience, then what business it that of the federal gov't?
    It's NONE of their business.
     
  23. SiliconMagician

    SiliconMagician Banned

    Joined:
    Apr 15, 2010
    Messages:
    18,921
    Likes Received:
    446
    Trophy Points:
    0
    Well I highly doubt non boomers are willing to accept that and eventually when push comes to shove, they'll kick old ppl to the curb.
     

Share This Page