Quote:
Originally Posted by ViRedd  WeTard ...
The really poor pay no taxes, so there wouldn't be any "trickle up."
The "rich" don't put their money in the bank. They are smart enough to know that they have to invest their money in order to stay ahead of inflation. So, they invest in capital improvements, start businesses, create new services and products. All of this capital investment creates new jobs and opportunities for others to advance.
Did you notice in Med's last post that he wants, in essence, government controls on achievement?
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I'm sorry, I meant middle class.. I guess the word poor and middle class is be vague to me. You can be making 30K a year and be poor. You have to take into account on your 'overhead' living costs.
So say your making 30k a year lets go through and figure out aprox how much spending money a person might have.
1/3 of 30k for income tax = 10k dollars
7K dollars for rent
5k for food
2k for car insurace
2k for gas
3k for utilities
10k+7k+5K+2K+2K+3K= 29k of overhead cost. So this leaves a person ~1k of spending money after the cost of living. I would consider him poor because he would not be able to go out for a drink every once in a while.
As you can see, our current system is a joke! People need to have a good paying job(40k+) in order to survive and have a little fun.
RON PAUL REVOLUTION!
~PEACE~