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re: Reason article on luxury goods and class: don't mind the gap
Posted on 6/19/17 at 12:02 pm to Taxing Authority
Posted on 6/19/17 at 12:02 pm to Taxing Authority
quote:
one does not become wealthy by counting how much his neighbor has. He becomes wealthy by building his own solid foundation.
i try to say similar to things to FB commies
but like i said in OP, so many of them are so sheltered (or stupid) that they literally only see the world in W2 employment
it's hilarious when i talk about paying taxes in April and they're like "not true that should have been taken out of your check already"
1
Posted on 6/19/17 at 12:05 pm to SlowFlowPro
quote:
those above and below you don't have that issue
Exactly. I wish I was rich enough to not have to think about the $2k/month we'd have to spend on daycare if we had another kid.
This post was edited on 6/19/17 at 12:05 pm
Posted on 6/19/17 at 12:23 pm to SlowFlowPro
quote:Indeed. The other one you see a lot is the idea that tax credits have income minimums so that only "the rich" can get them. I can't think of a single one. Yet, the largest tax "breaks" of all is the home mortgage interest deduction and child care. Both of which phase OUT pretty quickly over $100k. Oddly, they are never called "tax loopholes for the the middle class".
but like i said in OP, so many of them are so sheltered (or stupid) that they literally only see the world in W2 employment
They often go to the capital gains rate. But that too is a huge benefit to the middle class--which has most of it's weath tied up in their homes. Image having to pay full income rates on the appreciation your house.
For most being in their home for 15-20 years, it would put them in the top bracket for that year, easily. Posted on 6/19/17 at 12:24 pm to 4cubbies
quote:Wishing for more money isn't an indicator of poverty. People rich and poor wish they had more moeny.
I wish I was rich enough to not have to think about the $2k/month
Posted on 6/19/17 at 12:24 pm to Taxing Authority
quote:
They often go to the capital gains rate. But that too is a huge benefit to the middle class--which has most of it's weath tied up in their homes. Image having to pay full income rates on the appreciation your house.
not just that, but it would destroy retirement investment avenues as well
Posted on 6/19/17 at 12:27 pm to Taxing Authority
quote:
Wishing for more money isn't an indicator of poverty.
It's an indicator of the gaps that exist.
Posted on 6/19/17 at 12:30 pm to DisplacedBuckeye
quote:
It's an indicator of the gaps that exist.
if everyone wants more money, how is that an indicator of anything other than general human nature?
Posted on 6/19/17 at 12:30 pm to SlowFlowPro
quote:Absolutely!
not just that, but it would destroy retirement investment avenues as well
Posted on 6/19/17 at 12:31 pm to SlowFlowPro
quote:
if everyone wants more money, how is that an indicator of anything other than general human nature?
Read her post, then the reply, then mine.
Posted on 6/19/17 at 12:31 pm to DisplacedBuckeye
quote:Nope. Warren Buffet keeps his money invested so he can make more of it. You consider him part of the "wealth gap"?
It's an indicator of the gaps that exist.
Posted on 6/19/17 at 12:34 pm to Taxing Authority
quote:
Warren Buffet
It's funny to see people continue going back to him. He's a great example of how people should think about money. He's also the exception, not the rule.
quote:
You consider him part of the "wealth gap"?
Depends on your meaning.
Posted on 6/19/17 at 12:34 pm to SlowFlowPro
Needs, wants, desires.
(i.e., I need food; I want a hamburger, I desire a steak)
Societies and cultures determine the define characteristics and elements of these categories, which can change according to any number of factors.
However, the needs category will always include the baseline items required for survival and is therefore the least malleable.
The human condition is to clearly and inexorably move it's focus toward wants and desires after needs are met.
Whatever the reason for that fact, and even in light of examples where humans may neglect needs in order to pursue wants and desires or wrong-headedly include extraneous items into the needs category, the fact will always remain that needs include the very stuff of human survival.
Whether someone who needs a car wants a new car, or desires a Jaguar XJ, should have far less impact on the imaginations of anthropologists, philosophers, or social scientists than whether folks have basic needs met like sanitation, clean water, shelter, and sufficient nutrition. Without those, ultimately nothing else is possible.
IMO, take it or leave it...
(i.e., I need food; I want a hamburger, I desire a steak)
Societies and cultures determine the define characteristics and elements of these categories, which can change according to any number of factors.
However, the needs category will always include the baseline items required for survival and is therefore the least malleable.
The human condition is to clearly and inexorably move it's focus toward wants and desires after needs are met.
Whatever the reason for that fact, and even in light of examples where humans may neglect needs in order to pursue wants and desires or wrong-headedly include extraneous items into the needs category, the fact will always remain that needs include the very stuff of human survival.
Whether someone who needs a car wants a new car, or desires a Jaguar XJ, should have far less impact on the imaginations of anthropologists, philosophers, or social scientists than whether folks have basic needs met like sanitation, clean water, shelter, and sufficient nutrition. Without those, ultimately nothing else is possible.
IMO, take it or leave it...
Posted on 6/19/17 at 12:35 pm to DisplacedBuckeye
quote:
Read her post, then the reply, then mine.
i did
still doesn't say anything about a gap b/c the [insert service/good with apparent high cost] will always be there
Posted on 6/19/17 at 12:38 pm to SlowFlowPro
quote:
the [insert service/good with apparent high cost] will always be there
Sure, if you want it or need it to be. That still doesn't mean the gap is nonexistent.
Warren Buffett is actually a good example for that point.
Posted on 6/19/17 at 12:40 pm to DisplacedBuckeye
quote:
Sure, if you want it or need it to be. That still doesn't mean the gap is nonexistent.
i never said it was non-existent
it's not very relevant/important (in general and in response to this conversation tree)
Posted on 6/19/17 at 12:41 pm to DisplacedBuckeye
quote:The absurd example was meant to be absurd. By your standard, he's part of the same "wealth gap" that 4cubbies is.
It's funny to see people continue going back to him
quote:Indeed.
Depends on your meaning.
Posted on 6/19/17 at 12:42 pm to SlowFlowPro
quote:
i never said it was non-existent
Good thing I wasn't replying to you in either case.
quote:
it's not very relevant/important
I disagree. Politically, it's very relevant.
Posted on 6/19/17 at 12:43 pm to Taxing Authority
quote:
By your standard, he's part of the same "wealth gap" that 4cubbies is.
To an extent, yes.
Posted on 6/19/17 at 12:43 pm to DisplacedBuckeye
quote:
Politically, it's very relevant.
did you mean to say "emotionally"?
Posted on 6/19/17 at 12:43 pm to DisplacedBuckeye
quote:K
To an extent, yes.
This post was edited on 6/19/17 at 12:44 pm
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