On Wed, Apr 6, 2011 at 7:52 PM, Medic <[email protected]> wrote: > > > > > Nope. In 1995 people put down 20% of there homes value to buy it. > > Years later 0% down and no interest for five years became the norm. > > Like when Gen-xers started buying homes. You know, the ones that > > didn't get spanked but sent to time-out. The ones that didn't keep > > score so as to not insult the losers. > > > > OMG! S-s-s-am. I... I... I... agree with you. > *blink blink* > I mean... I actually... a-g-r-e-e with you. > *pinch* > Good God... it's real. > > >
I don't have a house nor even cared to. I don't owe a lot of debt. I will continue to work and work and work, while watching middle class and people below poverty grow while rich continue to keep hold of their money. I mean that is what they do, they hold onto it, and don't spend it. Here we go, check # 1 answer... *50% 2 Votes* http://answers.yahoo.com/question/index?qid=20100715104642AAQTGsI Debt per taxpayer is $119,281, how will I ever pay off this amount?Simple, just tax the rich a little more. At least that seems to be the common answer these days. The problem is that the definition of "rich" seems to be falling like a rock. I did hear one idea that seemed to have merit and has worked in the past. Tax corporate profit and individual income over 1M at 72% but give generous deductions for reinvestment that for example creates jobs. It would not need to be direct job creation. A farmer could buy two new tractors which would increase the demand for tractors and cause the tractor company to hire more people. A millionaire could deduct the cost of a gardener or maid but not items for personal use. Keep the tax rates low and allow generous deductions below 1M for those things like education, health expenses and others that benefit the society as a whole . Basically it forces those who wish to make more than a million dollars to share the wealth. Thus if I wanted to have 2M in disposable income each year I would need to make 4.57 million or so. I get to keep the first million but the government takes 72% of the rest. I actually prefer FairTax but that's me. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336026 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
