Reply to Is "the system" designed to keep us poors in our place"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you really want to talk about how the system keeps the poors in their place (which you are not);

The poors make less, which means they save less, which means they can't afford hiccups in bills, which means they have worse credit, which means everything they do costs more - auto loans, credit cards, home loans, etc. Because they work lower paying jobs, they don't have insurance or they are often paid hourly, so if they take time off when sick they have to pay more out of pocket and lose income. Because they make less they have to work more hours which leaves less free time for other things like pursuing an education, which if they could do, would cost more because of their credit. And because they make less, they live further out which means they have to commute more, which means their car costs are higher and their time strained further. Their cell phone needs a deposit. Hell, even their cable tv sometimes needs a deposit. Money locked up not producing for them.

Compare that to the non poor. First you get a job with a salary and benefits. Then you get vacation. Then you get a free cell phone, or a company car, or an expense account. Your credit card rates go down. Your home loan rates are lower. Hell, your life insurance rates are lower. Your brokerage firm will lend you money at 2% on margin if you need it. Cash flow frees up - you can invest, take advantage of an hsa or FSA or employee stock plan. This throws off more cash, which you can use to build more income generating assets. The relative tax burden goes way down as your income comes more and more from long term capital gains. Your neighborhood is better so your home insurance costs less on the margin.

The list goes on and on and on.

Yes, the deck is stacked. [/quote]

Bless you. OP, you sound like you are very ungrateful for the advantages you have. We are somewhat above you in HHI, and while I sometimes blanch at the estimated tax payment checks I write, I would never think that I am being screwed compared to those less fortunate. Maybe you should rehab houses in poorer neighborhoods and get a sense of what those neighbors are facing.
Thank you for a breath of sane air.  The ignorance here is astonishing. [/quote][/quote]

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