Hyperinflation mass shortages of goods.
More drugies and alcoholics wandering the streets.
More drugies and alcoholics wandering the streets.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Not to mention, the wealth they received belonged to a benefactor who made a free will choice to distribute in that manner...it has/had nothing to do with the person deserving the receipt.Isnt the premise of the OP that you give everyone money that they dont deserve to being with? you are not wrong, but in this context, you are taking money from people and giving it to others that it doesnt belong to.
That is an excellent point.Isnt the premise of the OP that you give everyone money that they dont deserve to being with? you are not wrong, but in this context, you are taking money from people and giving it to others that it doesnt belong to.
But at least we taught them 16th century literature and pre Calc in high school... who needs money mgmt education anyway?The problem is that there is too large of a percent of people who simply dont know how to do money math. They dont know how much is enough to quit their job, save for retirement, save for basic life needs, save for property tax/rent, save for taxes, save for health care, save for long term care...the list goes on and on. America isnt savers. Too many people would quit working without enough money and have no clue to budget what they have. You would have a massive problem with a exodus from the workforce (like with COVID) and then a huge problem a few years later when the money is gone, society has adapted to go on without them and they have nowhere to turn.
They could theoretically get a house, some not very expensive vehicles and live on the interest from the remainder for the rest of their life without paid employment
They are building houses where I live. Lots and lots of them.No they couldn't.
Nobody is building houses anymore, so the ones that do exist are most likely not for sale.
Same with cars...can't by an inexpensive vehicle if nobody is making them.
What they really need to know, is how dudes can get knocked up without eggs!! lolBut at least we taught them 16th century literature and pre Calc in high school... who needs money mgmt education anyway?
No they couldn't.
Nobody is building houses anymore, so the ones that do exist are most likely not for sale.
Same with cars...can't by an inexpensive vehicle if nobody is making them.
Explain? I was born to/with nothing. The only thing that motivated me was rising beyond. Take that incentive away, and I'd be jo dishwasher today.
You contradict yourself. My entire premise is: I don't give a phuck what others do/make, and they shouldn't care what do. I chose to earn security for myself and my family and if that makes me weak in your opinion you cling to that.Explain that feeling that others need make less money to make you feel successful is the thought process of a weak constitution?
Well if it wasn’t clear I disagree with the notion of a pure wealth transfer. However, I do agree that our system magnifies wealth inequality by making it easier for rich people like me to pay less taxes. Create a flat tax structure and ensure capital gains/income tax are paid on any transfers and we begin to solve the problem,Isnt the premise of the OP that you give everyone money that they dont deserve to being with? you are not wrong, but in this context, you are taking money from people and giving it to others that it doesnt belong to.
If you are rich, why would a flat tax on ordinary income result in you paying more taxes than a progressive tax rate?Well if it wasn’t clear I disagree with the notion of a pure wealth transfer. However, I do agree that our system magnifies wealth inequality by making it easier for rich people like me to pay less taxes. Create a flat tax structure and ensure capital gains/income tax are paid on any transfers and we begin to solve the problem,
The "Rich dont pay tax" only applies to the .1% or lower. The way these folks do it is to be paid in company stock and then borrow against it. That way they only pay minimal tax. Taxing capital gains at a higher rate will only go to hurt the middle to upper class, not the ultra rich. There are many other things you can do to depreciate your assets and write-off taxes that the common person can not take advantage of.Well if it wasn’t clear I disagree with the notion of a pure wealth transfer. However, I do agree that our system magnifies wealth inequality by making it easier for rich people like me to pay less taxes. Create a flat tax structure and ensure capital gains/income tax are paid on any transfers and we begin to solve the problem,
You can give it all away today if you prefer! Either drop a check to the state treasury or cash out and throw it in the wind on skid row!Well if it wasn’t clear I disagree with the notion of a pure wealth transfer. However, I do agree that our system magnifies wealth inequality by making it easier for rich people like me to pay less taxes. Create a flat tax structure and ensure capital gains/income tax are paid on any transfers and we begin to solve the problem,
they generally are from an IQ type intelligence perspectiveGotta love all the idiots in this thread who think poor people are so much dumber then rich people.
they generally are from an IQ type intelligence perspective
Exceptions... but as a general rule...
If you look at the top 10 poorest states and the Bottom 10 IQ states you will find that they are pretty much the samethey generally are from an IQ type intelligence perspective
Try comparing the bottom 10 and top 10 on an individual level and get back to meIf you look at the top 10 poorest states and the Bottom 10 IQ states you will find that they are pretty much the same
Exceptions... but as a general rule...
Our society rewards brain power in a way that it didn't used to. (Industrial revolution and higher ed machine did that)
Everyone but you would be an untouchable?Give me all the money and then let's see which amongst you can be my serfs. I'm a gentleman and won't subject you to too much corporal punishment.
Ehhh... you may want to research this more.No it rewards knowing the right people growing up in the right family more than that.
Who your mommy and daddy were has much more influence on your income than any measure of intelligence.
That's why our extremely stable genius is wealthy.
Yep. Very often there’s a good reason why poor people stay poor.100% this. Theres a reason that most people who hit the lottery end up broke again.
Untouchables in India make bank these daysEveryone but you would be an untouchable?
This is true to a large extent.No it rewards knowing the right people growing up in the right family more than that.
Who your mommy and daddy were has much more influence on your income than any measure of intelligence.
That's why our extremely stable genius is wealthy.
apply that to voting and there would be no maga.Within 50 years we would be back where we are now. Some people are too stupid to have money.
50 is pretty darn generousWithin 50 years we would be back where we are now. Some people are too stupid to have money.
The Founders used other criteria and I for one am grateful.apply that to voting and there would be no maga.
Ehhh... you may want to research this more.
Intelligence is highly heritable. Your parents matter in more ways than one.
Yes. I'm coming to visit your single wide. Please provide address of trailer park.Are you packing?!!
Also, I'd rather that wealth get put into programs and upgrades to infrastructure, not just a one time stimulus check to everyone.
Interesting that the first comment was mostly liked by liberals, while the second comment was mostly liked by conservatives.Give me all the money and then let's see which amongst you can be my serfs. I'm a gentleman and won't subject you to too much corporal punishment.
At the time I was annoyed that people like me - who didn't need them - got stimulus checks. Later on when the costs and inconveniences of the pandemic hit me harder than expected, I wanted another one.Just curious, did you turn down the stimulus checks?
50 is pretty darn generous
The standard conservative response is that in just a few years all the very same people would be back on top.Within 50 years we would be back where we are now. Some people are too stupid to have money.
Are you channeling Lute? Or maybe you're the Lute handle that permits using words like "hell"?Worked for a millionaire.
Asked what he wanted in life.
He said just a little bit more.
Most would spend it all and end up poor again.
Can't have things all in balance.
This country would go to hell with no one working.
You know I kid. I love you all!Interesting that the first comment was mostly liked by liberals, while the second comment was mostly liked by conservatives.
I recognize that the likes for the serf proposal are more amusement than agreement - at least I hope so - but still.