Reply to Are you a "Dream Hoarder"? I am, apparently

Forum Index » Money and Finances

Reply to "Are you a "Dream Hoarder"? I am, apparently"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, I have donated to my alma mater when my child was a senior in high school. Yes, I have gotten my children summer jobs through my connections. How differentiated are 20 year olds in skill sets anyway?

No problem with multifamily housing in the neighborhood, other than traffic congestion.[/quote]

I'd have a problem with multifamily housing in my neighborhood if it affected my quality of life and the value of my house.  I mean, if I wanted to live near multifamily residences, I would have bought there to begin with.

So do you think this book is a bit demonizing?[/quote]

Is it possible that it SHOULD be demonizing.  The growing wealth gap in the United States isn't just bad for poor kids.  It's bad for the country.  We literally cannot continue on this path and expect to have a functioning economy or democracy.  So, yeah, perhaps it is demonizing, but perhaps it is time that UMC folks start working toward the common good rather than just the good of their own progeny.  [/quote]

I worked my ass off to make it into the UMC, and I'd like to see the wealthy who can afford to come down a few rungs on the ladder without taking a major hit to their lifestyle go first.  It's not that hard a tumble back down the ladder from UMC, and a lot of us aren't here because of generational wealth or some other sort of safety net that prevents socioeconomic class slippage.  We are fortunate to be able to make a lot of positive contributions through donations and volunteering, but expecting me to disadvantage my kid deliberately?  Nope.  I came from the working middle class, and I'm not going back.[/quote]

I hate people like you. You happily climb ladder rungs while hoping others above you fall down. [/quote]

I don't think PP is talking about ppl who earn income falling down- our tax structure is such that UMC ppl- people who make gigantic  amounts of income are taxed disproportionately, if they earned the 500k as capital they'd pay less in taxes so a person who passively earns 1M in capital  and sails all day actually ends up paying less in $ terms, not even percentage wise than some one who is working 70 hours a week and making 380k salary.  Its the tax system which is geared towards punishing those with income at all levels b/c they aren't job creators and cushioning those with investment income.  If you go down to annapolis etc. . you'll see plenty of ppl who are able to, for whatever reason, sit around b/c they  are living off a modest investment income. If they earned the same amount in earned income, their net income after tax would be less and there are many ppl living like that all up and down the coasts and that is not even addressing the insane amount of wealth protection that the .01 percent get. Professionals in this country get shafted b/c of the concept that those who earn their money through a salary should pay taxes and support the nation b/c they don't do anything otherwise and that those who invest are creating jobs and growing the economy and are the saviors of the nation.[b] Im not talking out of my a$$- I've a degree in social science, [/b]concentrating on social inequalities.  This system also feeds into racial inequality b/c someone white is more likely to be left a small trust fund which is taxed lightly than say an asian person or black person who takes on loans to buy an education and then earn income. even if the gross amount is the same, due to the taxation system, the trust funder will have more net income and the worker will have less.  especially in DC, the children of UMC white and African American's tend to have small trust funds that are taxed differently than the bonus that their peer who works his a$$ off and got here on scholarship earns, leaving the scholarship kid who works longer hours with less net income even though the gross was the same. [/quote]

LMAO.  Isn't that the veritable definition of "talking our of my a$$"?  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics