The laws and tax policy favor the wealthy.

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Jan 15, 2022
9:34:44pm

kosmokramer Starter

The laws and tax policy favor the wealthy.

Bills are heavily influenced by lobbyist groups. It is not that government is “taking our money and giving it to the rich” it is that the system benefits the wealthy more than the poor.

I consider myself upper middle class. Because I studied a game more than most I play it better. I own 7 properties and have done great in this crazy inflation economy. Certainly better than most of the low income people I know. They work just as hard as me. They are just not as good at gaming the system. I am small potatoes compared to many others and nothing compared to large corporations and special interest groups

This message has been modified

Originally posted on Jan 15, 2022 at 9:34:44pm

Message modified by kosmokramer on Jan 15, 2022 at 9:40:07pm

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kosmokramer

Bio page: kosmokramer
Joined: Jan 3, 2013
Last login: Apr 26, 2024
Total posts: 1,494 (0 FO)

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Messages

Author

Time

I'm confused by the those with the let them eat cake attitude I saw today

eskyjazz

1/15/22 7:34pm

Right there with you. All around a bad look, very frustrating.

Mitty

1/15/22 7:39pm

Its likely a lot of out of touch wealthy folk who don't read and or don't care.

Mitty

1/15/22 7:43pm

Excellent point. Many people become wealthy by not reading and being clueless

EQD2

1/15/22 8:46pm

Boomers and their parents were raising five kids in three bedroom homes.

Squirt

1/15/22 7:45pm

Yep. Too many people today think they need a 5 bd home at age 25

UNLVcougar

1/15/22 7:47pm

TVs and phones are a drop in the bucket compared to housing, education, and health care costs

Odysseus

1/15/22 7:51pm

This.

eskyjazz

1/15/22 7:55pm

We had 4 kids in a 2 bedroom. Then I finally made enough money to

Nat Gas Man

1/15/22 7:54pm

Or cars. Even before the recent chip shortage, cars are outrageously expensive

crack

1/15/22 7:54pm

I don't buy it.

eskyjazz

1/15/22 7:55pm

I didn't buy it either--at least not what you claim I bought

ColoSpgs

1/15/22 8:06pm

RE: I didn't buy it either--at least not what you claim I bought

eskyjazz

1/15/22 8:15pm

I think excess contributes but is not “the” reason. Costs have outpaced wages.

Tokolosh

1/15/22 7:55pm

The inflation is bad, but the "necessities' of some people is ridiculous. Tons of stuff (especially phones and

Bert609

1/15/22 8:07pm

Just a thought, but I sometimes wonder if the opportunity cost of a phone is way

crack

1/15/22 8:50pm

Me, right now for one.

Bert609

1/15/22 9:13pm

Yeah, me too. I've gotten fat with my sedentary lifestyle cell phone addiction.

sheza65

1/16/22 12:13pm

Yep, people live markedly better standard of living today across the board.

txblue

1/15/22 7:55pm

Without granite countertops, stainless steel appliances, etc.

crack

1/15/22 7:57pm

While agree with you in general, the ridiculous increase in 2 main things, cost of housing and healthcare, has caused

specsauce

1/15/22 8:02pm

And college. That is probably a bigger expense than healthcare

1/15/22 8:40pm

College expenses have certainly increased thanks to government involvement, but there are still ways to keep costs lower

specsauce

1/15/22 8:58pm

There definitely are ways around it and I agree, more should do CC

1/16/22 8:32am

Go buy any 3 bedroom home in Utah. Good luck.

HingleMcCringleberry

1/15/22 8:02pm

I drive a 19 year old car. I pay $16 for cheapo phone service and

Mitty

1/15/22 8:07pm

Was with you until this. That just sounds more like a liberal politics talking

crack

1/15/22 8:21pm

Giving money to the rich? An example please?

EQD2

1/15/22 8:30pm

The government serves the wealthy and connected far more than the poor

kosmokramer

1/15/22 8:47pm

Those are vague talking points. I would like a specific example of the governmen

EQD2

1/15/22 8:48pm

I’ll give you an example…the COVID relief checks benefited the largest corporations far more than mom and pop stores and

specsauce

1/15/22 9:01pm

I agree the way Covid was handled was horrible in every single aspect of it.

crack

1/15/22 9:26pm

Agreed, but it also allowed them to grow their profits at the cost of many Main Street businesses.

specsauce

1/15/22 9:28pm

It was also a huge driver of inflation by putting all that money into

crack

1/15/22 9:34pm

Agreed 100%. The government is directly responsible for the heavy inflation in Housing, Health care, and education. And

specsauce

1/15/22 9:46pm

That is not an example of the government taking your money and giving it to the

EQD2

1/15/22 9:26pm

You asked for examples of the government giving money to the rich. While eventually, the cost will come, you didn’t say

specsauce

1/15/22 9:34pm

The laws and tax policy favor the wealthy.

kosmokramer

1/15/22 9:34pm

I’d say two, in my opinion, are the carried interest loophole and real estate

kos

1/16/22 7:50am

RE: Those are vague talking points. I would like a specific example of the

kosmokramer

1/15/22 9:29pm

Most of those are programs the government created with the intent to help.

crack

1/15/22 9:45pm

I am pretty sure the average tax bill for "the rich" is quite higher than it is

crack

1/15/22 9:01pm

True the rich are not the problem and tax rates are way too high. Taxes on the

kosmokramer

1/15/22 9:42pm

Totally. But also get rid of about 80% of the spending as well.

crack

1/15/22 9:46pm

Warren Buffet has a quote about how messed up the system is when he pays a lower

kos

1/16/22 7:55am

The truth is that there is a technology divide between generations. It has

theOnceler

1/15/22 8:14pm

It’s more than just "oversimplifying", it’s lazy and ignorant.

HingleMcCringleberry

1/15/22 8:18pm

People would love to buy a 1500 sq ft sfh. Where can they buy that on a 65k

valleus

1/15/22 8:20pm

Not any I know.

Jeremy

1/15/22 8:21pm

Let's look at some numbers

eskyjazz

1/15/22 8:59pm

In 1950s it was rare to have two cars and two incomes.

Bobmarleyjr

1/15/22 10:56pm

Agreed!

sheza65

1/16/22 12:08pm

Do what you have too to get a well paying job is not “let them eat cake.”

jvquarterback

1/15/22 8:02pm

I agree with this sentiment. My generation was told "follow your passion

EQD2

1/15/22 8:37pm

All the talk about feelings and everybody wins didn't prepare anybody for real

crack

1/15/22 8:44pm

Well, for what it is worth, in my opinion the government and the FED and their

crack

1/15/22 8:05pm

Eh, many of us are really not that far separated from struggling. Most of us aren't boomers.

CSoul

1/15/22 8:06pm

Basement apartments in my neighborhood go for 1600-1800…

HingleMcCringleberry

1/15/22 8:27pm

You had your battery stolen?

1/15/22 8:43pm

Yeh, got in my car and nothin....looked under the hood, batter was gone. And I know exactly

CSoul

1/15/22 9:00pm

One of the key choices some make is having kids without getting married

Gustav

1/15/22 9:34pm

AOC is completely out of touch with reality, but it is discouraging how

kosmokramer

1/15/22 8:20pm

I think it mostly comes down to everybody thinks somebody else should pay

crack

1/15/22 8:27pm

As a family of 11, I can attest that 90k is tight. But it can be done.

Cheese

1/15/22 8:28pm

Our son is looking to move out of Utah.

BlueMark

1/15/22 8:30pm

It’s harsh, but humans have always followed economic opportunity and traveled to

hansel

1/15/22 8:44pm

Don't let them come to AZ. We are full.

crack

1/15/22 8:48pm

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