Do most of you not realize how out of touch and privileged you are?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can understand OP’s assertions that many are out of touch, but I never get on here to boast about HHI and net worth, which by the way HHI doesn’t define if you are rich especially if you are buried in debt. I came from an UMC family. DH came from a LMC family that would have not been if they hadn’t lived on his paternal grandparents property growing up. My DH had no college loans because his parents would not fill out the forms. He started working at 12. His mom would take/steal his money for groceries and make him feel bad about him having cash when his parents didn’t. My DH has never bought a brand new car. He had no financial help from anyone to get where he is today. I am not expecting anyone to congratulate him or us, but he work damm hard and still does. His job is 24/7. He owns the company and is hands on with all of his customers. His privilege is himself...hard working, studied hard, tight with money, recognizes needs not wants. When people see where we live or find out where we vacation they have no understanding of the backstory of how we got to this point. We have never and will never flaunt it, but I can be proud of someone who had zero help. I am a pay it forward person. I volunteer and I have paid for camp for a friend of my child that otherwise would not have been able to attend because of financial need. Yes, there is a lot of entitlement here, but there are a lot of people who are scrappers and grinders who did what it took to get where they are today.

You realize many of us or our spouses lived that way. My husband was on his own at 16 and did military as he had no place to live and no way to pay for college. Why worry about other's behavior or get worked up over it. The important thing is what you teach your kids.

Sweetie, calm down. PP here, I am not worked up over anything. Sounds like you are. Kudos to your husband for going into the military. Thank him for his service. I am so glad he was able to find a way out too. There are countless people on these message boards just like him and my DH. I am proud of them and applaud them. No one is entitled to anything, death and taxes are the only thing you are guaranteed in this world.

[Anonymous]

Anonymous wrote:So much hardship (I know not all but a LOT) could be avoided if people just used birth control.... just sayin

Yeah. Looking around at my high school friends and where everyone is in life (we're 30s now), birth control and delaying kids until marriage was key.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just dropping in here to say that this forum makes me want to vomit. Especially here.

All this talk of people in their 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education while talking down to those who struggle to pay back their student loans only hoping for a break someday, people here bemoaning the budget constraints of a HHI of "only" $200K, people with investment properties, people with investments, period. Do you not understand that the average American cannot withstand a $500 emergency? That there is an eviction crisis in this country? That medical debt makes people wonder if their life-saving medical treatments are even worth the "life" they get to live afterwards? How one economic downturn can render a hardworking family penniless and homeless? That the AVERAGE household income yes IN THE DC AREA is far, FAR below the individual salaries thrown about in these discussions and that yes, AVERAGE and, gasp, below average HHI families need a place to live too? Two hour commutes each way be damned, "go move somewhere you can afford!"

I completely understand why people made guillotine memes in response to the proposed $600 stimulus checks this winter. And guess what, $1400 is not enough either. I hope all of you out of touch privileged people are taxed so hard your eyes bleed. You people are the swamp everybody else loves to hate. We need to tax the rich into oblivion and collectivize their assets, I swear to god. Don't EVER try to justify your cushy job as having "Earned" your right to complain about property taxes on your second investment property when this country operates like the Third World when trying to meet other people's basic needs.

What do you want me to do about it? Cry in my pillow tonight because I'm well off?

Yes, in 2028 when President AOC imposes a wealth tax and drinks your billionaire tears.

She'll have to.settle foe drinking my millionaire tears.

In the meantime what should I do about it? Tots and Pears for everyone?

[Anonymous]

Yes, a lot of people graduate without student loan debt because parents paid. That's a huge advantage right out of the gate. Then many got help with down payments from mom and dad or inheritance. More privilege.

It's truly shocking to see how much privilege begets privilege. People who have no student loans and get help with down payments will do the same for their kids and so on.

Time for inheritance taxes and closing the stepup loopholes. Tax gifts for down payments too as income.

[Anonymous]

Anonymous wrote:Just dropping in here to say that this forum makes me want to vomit. Especially here.

All this talk of people in their 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education while talking down to those who struggle to pay back their student loans only hoping for a break someday, people here bemoaning the budget constraints of a HHI of "only" $200K, people with investment properties, people with investments, period. Do you not understand that the average American cannot withstand a $500 emergency? That there is an eviction crisis in this country? That medical debt makes people wonder if their life-saving medical treatments are even worth the "life" they get to live afterwards? How one economic downturn can render a hardworking family penniless and homeless? That the AVERAGE household income yes IN THE DC AREA is far, FAR below the individual salaries thrown about in these discussions and that yes, AVERAGE and, gasp, below average HHI families need a place to live too? Two hour commutes each way be damned, "go move somewhere you can afford!"

I completely understand why people made guillotine memes in response to the proposed $600 stimulus checks this winter. And guess what, $1400 is not enough either. I hope all of you out of touch privileged people are taxed so hard your eyes bleed. You people are the swamp everybody else loves to hate. We need to tax the rich into oblivion and collectivize their assets, I swear to god. Don't EVER try to justify your cushy job as having "Earned" your right to complain about property taxes on your second investment property when this country operates like the Third World when trying to meet other people's basic needs.

Frankly OP, but you sound hateful. And NO, not everyone “loves to hate”. I am an immigrant from extremely poor country (with war conflicts, etc) , and I do not have these hateful feelings ( til their eyes bleed) towards Americans who earn very good money. Also America does not operate like the Third World to meet other people’s basic needs. You are very delusional if you think this way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So much hardship (I know not all but a LOT) could be avoided if people just used birth control.... just sayin

You’re not wrong. I went to HS with a bunch of folks who stayed right in our home town after because they got pregnant. And then, to make matters worse, they ended up with 2-3 kids. On a retail salary. Now they’re all Trumpers who are saying immigrants are ruining this country. No Jessica, immigrants are not ruining this country, you’re poor because you’re dumb.

They behave as they were raise, just like you do. Clearing kindness and empathy were not your parents strong suit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just dropping in here to say that this forum makes me want to vomit. Especially here.

All this talk of people in their 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education while talking down to those who struggle to pay back their student loans only hoping for a break someday, people here bemoaning the budget constraints of a HHI of "only" $200K, people with investment properties, people with investments, period. Do you not understand that the average American cannot withstand a $500 emergency? That there is an eviction crisis in this country? That medical debt makes people wonder if their life-saving medical treatments are even worth the "life" they get to live afterwards? How one economic downturn can render a hardworking family penniless and homeless? That the AVERAGE household income yes IN THE DC AREA is far, FAR below the individual salaries thrown about in these discussions and that yes, AVERAGE and, gasp, below average HHI families need a place to live too? Two hour commutes each way be damned, "go move somewhere you can afford!"

I completely understand why people made guillotine memes in response to the proposed $600 stimulus checks this winter. And guess what, $1400 is not enough either. I hope all of you out of touch privileged people are taxed so hard your eyes bleed. You people are the swamp everybody else loves to hate. We need to tax the rich into oblivion and collectivize their assets, I swear to god. Don't EVER try to justify your cushy job as having "Earned" your right to complain about property taxes on your second investment property when this country operates like the Third World when trying to meet other people's basic needs.

Frankly OP, but you sound hateful. And NO, not everyone “loves to hate”. I am an immigrant from extremely poor country (with war conflicts, etc) , and I do not have these hateful feelings ( til their eyes bleed) towards Americans who earn very good money. Also America does not operate like the Third World to meet other people’s basic needs. You are very delusional if you think this way.

The problem in the US is most, even those with hardships, have no concept of what is going on in a country such as the one you came from.

[Anonymous]

Anonymous wrote:Yes, a lot of people graduate without student loan debt because parents paid. That's a huge advantage right out of the gate. Then many got help with down payments from mom and dad or inheritance. More privilege.

It's truly shocking to see how much privilege begets privilege. People who have no student loans and get help with down payments will do the same for their kids and so on.

Time for inheritance taxes and closing the stepup loopholes. Tax gifts for down payments too as income.

You sound jealous.

I am all for raising INCOME taxes on higher incomes (1M+) and sure throw a billionaire surtax on their what do I care. However, I am very against more inheritance taxes and closing step up loopholes. You are uniformed if you think that will provide any meaningful benefit to the bottom line. That money has already been taxed, arguably at a high rate.

My effective tax rate is 35% federally. So If i save 100k in my brokerage account I already paid about 35k in taxes on that deposit. Sure it grows from 100k to 250k. I die. My kids inherit the assets and can now sell the money dad left them. Why does this bother you? If the step up law is changed then people just won't sell the assets (if you're wealthy already) and it will only exacerbate their asset growth. If you inherit the money and you really NEED that money, then you'll be forced to sell and pay taxes on that. In this example, the wealthy win. Is that what YOU want?

If I inherited 1M right now and the account received a step up I may treat myself to something that might stimulate the economy; however, if I receive a 1M inheritance with no step up I am just going to let that continue to accrue for decades. I'll have multiples of that down the road. My kids will inherit 10x what I did, system continues...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So much hardship (I know not all but a LOT) could be avoided if people just used birth control.... just sayin

You’re not wrong. I went to HS with a bunch of folks who stayed right in our home town after because they got pregnant. And then, to make matters worse, they ended up with 2-3 kids. On a retail salary. Now they’re all Trumpers who are saying immigrants are ruining this country. No Jessica, immigrants are not ruining this country, you’re poor because you’re dumb.

They behave as they were raise, just like you do. Clearing kindness and empathy were not your parents strong suit.

I’m doing just fine thanks. I have zero kindness towards the people I grew up with. They’re dumb racist meth addicted heehaws who will always stay dumb racist heehaws. They’re not deserving of any empathy, they choose to be awful people, just like their ancestors, who burnt crosses and made the lives of every non white person miserable. I do feel bad for the kids, but if they have any decency, they usually get the hell out of that area as soon as they get a car and their HS diploma.

[Anonymous]

OP, I agree. I am rich, grew up rich, and am pretty privileged. Some of the responses on this thread are just sad and pathetic. I know the responders are doing this partly to get a rise out of you or someone else on this thread, or to tear apart your basic argument, which makes their responses even more pathetic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, a lot of people graduate without student loan debt because parents paid. That's a huge advantage right out of the gate. Then many got help with down payments from mom and dad or inheritance. More privilege.

It's truly shocking to see how much privilege begets privilege. People who have no student loans and get help with down payments will do the same for their kids and so on.

Time for inheritance taxes and closing the stepup loopholes. Tax gifts for down payments too as income.

You sound jealous.

I am all for raising INCOME taxes on higher incomes (1M+) and sure throw a billionaire surtax on their what do I care. However, I am very against more inheritance taxes and closing step up loopholes. You are uniformed if you think that will provide any meaningful benefit to the bottom line. That money has already been taxed, arguably at a high rate.

My effective tax rate is 35% federally. So If i save 100k in my brokerage account I already paid about 35k in taxes on that deposit. Sure it grows from 100k to 250k. I die. My kids inherit the assets and can now sell the money dad left them. Why does this bother you? If the step up law is changed then people just won't sell the assets (if you're wealthy already) and it will only exacerbate their asset growth. If you inherit the money and you really NEED that money, then you'll be forced to sell and pay taxes on that. In this example, the wealthy win. Is that what YOU want?

If I inherited 1M right now and the account received a step up I may treat myself to something that might stimulate the economy; however, if I receive a 1M inheritance with no step up I am just going to let that continue to accrue for decades. I'll have multiples of that down the road. My kids will inherit 10x what I did, system continues...

If you never sell your stocks that is fine with me. Someone will spend it eventually. And when they do they should pay taxes on ALL the capital gains.

[Anonymous]

Anonymous wrote:" 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education "

That me but I'm self-made. My parents came to the United States as immigrants with $5 in their pocket. I learned hard work from them and started working at very early age and continue to do so today at the age of 41. Nothing was handed to us, no inheritance, no nothing. A lot of folks don't understand what they have here in the United States. It truly is the land of opportunity. A lof of us were not born with a gold spoon and have actually worked really hard for where we are today!

They actually were provided $50 upon entry by the US govt. More significantly, Per visa requirements, your
Parents were also required to have a “sponsor” who likely provided significant help. Please no more “$5 in the pocket”
BS stories.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just dropping in here to say that this forum makes me want to vomit. Especially here.

All this talk of people in their 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education while talking down to those who struggle to pay back their student loans only hoping for a break someday, people here bemoaning the budget constraints of a HHI of "only" $200K, people with investment properties, people with investments, period. Do you not understand that the average American cannot withstand a $500 emergency? That there is an eviction crisis in this country? That medical debt makes people wonder if their life-saving medical treatments are even worth the "life" they get to live afterwards? How one economic downturn can render a hardworking family penniless and homeless? That the AVERAGE household income yes IN THE DC AREA is far, FAR below the individual salaries thrown about in these discussions and that yes, AVERAGE and, gasp, below average HHI families need a place to live too? Two hour commutes each way be damned, "go move somewhere you can afford!"

I completely understand why people made guillotine memes in response to the proposed $600 stimulus checks this winter. And guess what, $1400 is not enough either. I hope all of you out of touch privileged people are taxed so hard your eyes bleed. You people are the swamp everybody else loves to hate. We need to tax the rich into oblivion and collectivize their assets, I swear to god. Don't EVER try to justify your cushy job as having "Earned" your right to complain about property taxes on your second investment property when this country operates like the Third World when trying to meet other people's basic needs.

Frankly OP, but you sound hateful. And NO, not everyone “loves to hate”. I am an immigrant from extremely poor country (with war conflicts, etc) , and I do not have these hateful feelings ( til their eyes bleed) towards Americans who earn very good money. Also America does not operate like the Third World to meet other people’s basic needs. You are very delusional if you think this way.

The problem in the US is most, even those with hardships, have no concept of what is going on in a country such as the one you came from.

+1. I came as a refugee with my family as a teen from a country that was always a mess and is currently literally in the middle of a civil war. We had two suitcases each. While I am not rich by DCUM standards, my family and I are all living at least middle class lifestyles thanks to being able to come here. OP who described this country as third world has clearly never lived in a real third world country. No, I don't begrudge that someone can afford a second home and I cannot. No, I do not think this place is awful because someone can't afford to own a house and I can't. Is this country perfect? No, no place is. But it's a hell of a lot better than the conditions the vast majority of the world lives in. Maybe you should give up your car and the roof over your head and your stimulus check to the people from my place of origin since your lifestyle is unimaginable luxury compared to theirs? No? I didn't think so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just dropping in here to say that this forum makes me want to vomit. Especially here.

All this talk of people in their 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education while talking down to those who struggle to pay back their student loans only hoping for a break someday, people here bemoaning the budget constraints of a HHI of "only" $200K, people with investment properties, people with investments, period. Do you not understand that the average American cannot withstand a $500 emergency? That there is an eviction crisis in this country? That medical debt makes people wonder if their life-saving medical treatments are even worth the "life" they get to live afterwards? How one economic downturn can render a hardworking family penniless and homeless? That the AVERAGE household income yes IN THE DC AREA is far, FAR below the individual salaries thrown about in these discussions and that yes, AVERAGE and, gasp, below average HHI families need a place to live too? Two hour commutes each way be damned, "go move somewhere you can afford!"

I completely understand why people made guillotine memes in response to the proposed $600 stimulus checks this winter. And guess what, $1400 is not enough either. I hope all of you out of touch privileged people are taxed so hard your eyes bleed. You people are the swamp everybody else loves to hate. We need to tax the rich into oblivion and collectivize their assets, I swear to god. Don't EVER try to justify your cushy job as having "Earned" your right to complain about property taxes on your second investment property when this country operates like the Third World when trying to meet other people's basic needs.

Frankly OP, but you sound hateful. And NO, not everyone “loves to hate”. I am an immigrant from extremely poor country (with war conflicts, etc) , and I do not have these hateful feelings ( til their eyes bleed) towards Americans who earn very good money. Also America does not operate like the Third World to meet other people’s basic needs. You are very delusional if you think this way.

The problem in the US is most, even those with hardships, have no concept of what is going on in a country such as the one you came from.

+1. I came as a refugee with my family as a teen from a country that was always a mess and is currently literally in the middle of a civil war. We had two suitcases each. While I am not rich by DCUM standards, my family and I are all living at least middle class lifestyles thanks to being able to come here. OP who described this country as third world has clearly never lived in a real third world country. No, I don't begrudge that someone can afford a second home and I cannot. No, I do not think this place is awful because someone can't afford to own a house and I can't. Is this country perfect? No, no place is. But it's a hell of a lot better than the conditions the vast majority of the world lives in. Maybe you should give up your car and the roof over your head and your stimulus check to the people from my place of origin since your lifestyle is unimaginable luxury compared to theirs? No? I didn't think so.

That was supposed to be "can."

[Anonymous]

Anonymous wrote:

Anonymous wrote:" 30s buying million + dollar homes, people who are 40 years old and already 401(k) millionaires, people who have funded their future kids' college education "

That me but I'm self-made. My parents came to the United States as immigrants with $5 in their pocket. I learned hard work from them and started working at very early age and continue to do so today at the age of 41. Nothing was handed to us, no inheritance, no nothing. A lot of folks don't understand what they have here in the United States. It truly is the land of opportunity. A lof of us were not born with a gold spoon and have actually worked really hard for where we are today!

They actually were provided $50 upon entry by the US govt. More significantly, Per visa requirements, your
Parents were also required to have a “sponsor” who likely provided significant help. Please no more “$5 in the pocket”
BS stories.

+1. Very few “legal” immigrants arrive here with just $5. The US govt is a bit
more sophisticated with the legal immigration process. Most have funds back home which
are transferred to the US. The visa sponsor is usually a blood family member AND in solid financial
standing as require to support the immigrants for a number of years (I think 5 years min).