Home › Forums › Financial Markets/Economics › Letter to Feinstein
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June 9, 2008 at 8:25 AM #220186June 9, 2008 at 10:03 AM #220090ArtyParticipant
You’ve heard of the term financial independence…It means being able to live off of passive income and “not having to work (IE earn a salary).”
Of course, I have heard of that. The young generation of my family works because we like it (or been yelled at by my aunt saying we should have a job; that’s my cousin not me). You are from Taiwan, so do you know the so call real life F4. I was hanging with one of them when I went to China last year (actually I think our group is better since we have average height of 187 cm; I am the shortest and the poorest though π ). However, I still think the riches should be taxed higher as part of social responsibility. Financial independence makes the younger generation weaker in my opinion.
June 9, 2008 at 10:03 AM #220188ArtyParticipantYou’ve heard of the term financial independence…It means being able to live off of passive income and “not having to work (IE earn a salary).”
Of course, I have heard of that. The young generation of my family works because we like it (or been yelled at by my aunt saying we should have a job; that’s my cousin not me). You are from Taiwan, so do you know the so call real life F4. I was hanging with one of them when I went to China last year (actually I think our group is better since we have average height of 187 cm; I am the shortest and the poorest though π ). However, I still think the riches should be taxed higher as part of social responsibility. Financial independence makes the younger generation weaker in my opinion.
June 9, 2008 at 10:03 AM #220200ArtyParticipantYou’ve heard of the term financial independence…It means being able to live off of passive income and “not having to work (IE earn a salary).”
Of course, I have heard of that. The young generation of my family works because we like it (or been yelled at by my aunt saying we should have a job; that’s my cousin not me). You are from Taiwan, so do you know the so call real life F4. I was hanging with one of them when I went to China last year (actually I think our group is better since we have average height of 187 cm; I am the shortest and the poorest though π ). However, I still think the riches should be taxed higher as part of social responsibility. Financial independence makes the younger generation weaker in my opinion.
June 9, 2008 at 10:03 AM #220232ArtyParticipantYou’ve heard of the term financial independence…It means being able to live off of passive income and “not having to work (IE earn a salary).”
Of course, I have heard of that. The young generation of my family works because we like it (or been yelled at by my aunt saying we should have a job; that’s my cousin not me). You are from Taiwan, so do you know the so call real life F4. I was hanging with one of them when I went to China last year (actually I think our group is better since we have average height of 187 cm; I am the shortest and the poorest though π ). However, I still think the riches should be taxed higher as part of social responsibility. Financial independence makes the younger generation weaker in my opinion.
June 9, 2008 at 10:03 AM #220252ArtyParticipantYou’ve heard of the term financial independence…It means being able to live off of passive income and “not having to work (IE earn a salary).”
Of course, I have heard of that. The young generation of my family works because we like it (or been yelled at by my aunt saying we should have a job; that’s my cousin not me). You are from Taiwan, so do you know the so call real life F4. I was hanging with one of them when I went to China last year (actually I think our group is better since we have average height of 187 cm; I am the shortest and the poorest though π ). However, I still think the riches should be taxed higher as part of social responsibility. Financial independence makes the younger generation weaker in my opinion.
June 9, 2008 at 10:52 AM #220125DWCAPParticipantFirst off, Saying that only Republicans should pay for something cause GW was prez when the outragious spending occured is unbelievably dumb. ALL spending has to pass congress, and it never would have gotten to his desk without democrats voting for it. Saying I shouldnt have to pay anything cause I vote democratic misses the point that democrats voted for this spending too.
And last I checked, Democrats voted for the war in Iraq too. Actually, it never would have happened if the Senate democrats had some balls and said no. So everyone is culpable for everything the GOV has done in our names, even if you didnt vote for the guy who was pushing it. He still cant get it done without your guy going along with it. Checks and Balances is a bitch.Second, both political parties are morons. They spend and spend and spend, and get little done for the money, and then do it all over again. WHY? Cause we want them to.
You may not want them to, you just want clean water and air, open roads, SS, safe meds you can afford, Police and Fire at a moments notice if necessary, good schools, affordable college, safe work places, good hospitals, reliable air transportation, clean water from the tap, safe food, the worst segments of society removed/punished, a military to keep us safe, guns out of criminals hands, less drugs on the street, scientific investments (new fuels, drugs, space exploration etc….), public lands that are accesable for all, and maybe one or two other things like saving endangered species or helping out starving people in africa.None of those things are bad things. Who here doesnt want any one of those things? That is all we are asking, oh, and we really dont want to pay for it cause my quality of life is expensive.
Political parties are only idiots cause we ask them to be. We want our cake and to eat it too. We talk a good game, but actually fixing things will require sacrifices, and as Arni found out in Sacramento, everything is what it is cause someone wants to be that way.
June 9, 2008 at 10:52 AM #220224DWCAPParticipantFirst off, Saying that only Republicans should pay for something cause GW was prez when the outragious spending occured is unbelievably dumb. ALL spending has to pass congress, and it never would have gotten to his desk without democrats voting for it. Saying I shouldnt have to pay anything cause I vote democratic misses the point that democrats voted for this spending too.
And last I checked, Democrats voted for the war in Iraq too. Actually, it never would have happened if the Senate democrats had some balls and said no. So everyone is culpable for everything the GOV has done in our names, even if you didnt vote for the guy who was pushing it. He still cant get it done without your guy going along with it. Checks and Balances is a bitch.Second, both political parties are morons. They spend and spend and spend, and get little done for the money, and then do it all over again. WHY? Cause we want them to.
You may not want them to, you just want clean water and air, open roads, SS, safe meds you can afford, Police and Fire at a moments notice if necessary, good schools, affordable college, safe work places, good hospitals, reliable air transportation, clean water from the tap, safe food, the worst segments of society removed/punished, a military to keep us safe, guns out of criminals hands, less drugs on the street, scientific investments (new fuels, drugs, space exploration etc….), public lands that are accesable for all, and maybe one or two other things like saving endangered species or helping out starving people in africa.None of those things are bad things. Who here doesnt want any one of those things? That is all we are asking, oh, and we really dont want to pay for it cause my quality of life is expensive.
Political parties are only idiots cause we ask them to be. We want our cake and to eat it too. We talk a good game, but actually fixing things will require sacrifices, and as Arni found out in Sacramento, everything is what it is cause someone wants to be that way.
June 9, 2008 at 10:52 AM #220236DWCAPParticipantFirst off, Saying that only Republicans should pay for something cause GW was prez when the outragious spending occured is unbelievably dumb. ALL spending has to pass congress, and it never would have gotten to his desk without democrats voting for it. Saying I shouldnt have to pay anything cause I vote democratic misses the point that democrats voted for this spending too.
And last I checked, Democrats voted for the war in Iraq too. Actually, it never would have happened if the Senate democrats had some balls and said no. So everyone is culpable for everything the GOV has done in our names, even if you didnt vote for the guy who was pushing it. He still cant get it done without your guy going along with it. Checks and Balances is a bitch.Second, both political parties are morons. They spend and spend and spend, and get little done for the money, and then do it all over again. WHY? Cause we want them to.
You may not want them to, you just want clean water and air, open roads, SS, safe meds you can afford, Police and Fire at a moments notice if necessary, good schools, affordable college, safe work places, good hospitals, reliable air transportation, clean water from the tap, safe food, the worst segments of society removed/punished, a military to keep us safe, guns out of criminals hands, less drugs on the street, scientific investments (new fuels, drugs, space exploration etc….), public lands that are accesable for all, and maybe one or two other things like saving endangered species or helping out starving people in africa.None of those things are bad things. Who here doesnt want any one of those things? That is all we are asking, oh, and we really dont want to pay for it cause my quality of life is expensive.
Political parties are only idiots cause we ask them to be. We want our cake and to eat it too. We talk a good game, but actually fixing things will require sacrifices, and as Arni found out in Sacramento, everything is what it is cause someone wants to be that way.
June 9, 2008 at 10:52 AM #220269DWCAPParticipantFirst off, Saying that only Republicans should pay for something cause GW was prez when the outragious spending occured is unbelievably dumb. ALL spending has to pass congress, and it never would have gotten to his desk without democrats voting for it. Saying I shouldnt have to pay anything cause I vote democratic misses the point that democrats voted for this spending too.
And last I checked, Democrats voted for the war in Iraq too. Actually, it never would have happened if the Senate democrats had some balls and said no. So everyone is culpable for everything the GOV has done in our names, even if you didnt vote for the guy who was pushing it. He still cant get it done without your guy going along with it. Checks and Balances is a bitch.Second, both political parties are morons. They spend and spend and spend, and get little done for the money, and then do it all over again. WHY? Cause we want them to.
You may not want them to, you just want clean water and air, open roads, SS, safe meds you can afford, Police and Fire at a moments notice if necessary, good schools, affordable college, safe work places, good hospitals, reliable air transportation, clean water from the tap, safe food, the worst segments of society removed/punished, a military to keep us safe, guns out of criminals hands, less drugs on the street, scientific investments (new fuels, drugs, space exploration etc….), public lands that are accesable for all, and maybe one or two other things like saving endangered species or helping out starving people in africa.None of those things are bad things. Who here doesnt want any one of those things? That is all we are asking, oh, and we really dont want to pay for it cause my quality of life is expensive.
Political parties are only idiots cause we ask them to be. We want our cake and to eat it too. We talk a good game, but actually fixing things will require sacrifices, and as Arni found out in Sacramento, everything is what it is cause someone wants to be that way.
June 9, 2008 at 10:52 AM #220289DWCAPParticipantFirst off, Saying that only Republicans should pay for something cause GW was prez when the outragious spending occured is unbelievably dumb. ALL spending has to pass congress, and it never would have gotten to his desk without democrats voting for it. Saying I shouldnt have to pay anything cause I vote democratic misses the point that democrats voted for this spending too.
And last I checked, Democrats voted for the war in Iraq too. Actually, it never would have happened if the Senate democrats had some balls and said no. So everyone is culpable for everything the GOV has done in our names, even if you didnt vote for the guy who was pushing it. He still cant get it done without your guy going along with it. Checks and Balances is a bitch.Second, both political parties are morons. They spend and spend and spend, and get little done for the money, and then do it all over again. WHY? Cause we want them to.
You may not want them to, you just want clean water and air, open roads, SS, safe meds you can afford, Police and Fire at a moments notice if necessary, good schools, affordable college, safe work places, good hospitals, reliable air transportation, clean water from the tap, safe food, the worst segments of society removed/punished, a military to keep us safe, guns out of criminals hands, less drugs on the street, scientific investments (new fuels, drugs, space exploration etc….), public lands that are accesable for all, and maybe one or two other things like saving endangered species or helping out starving people in africa.None of those things are bad things. Who here doesnt want any one of those things? That is all we are asking, oh, and we really dont want to pay for it cause my quality of life is expensive.
Political parties are only idiots cause we ask them to be. We want our cake and to eat it too. We talk a good game, but actually fixing things will require sacrifices, and as Arni found out in Sacramento, everything is what it is cause someone wants to be that way.
June 9, 2008 at 11:20 AM #220179meadandaleParticipantTo me it seems rather inconsistent to say that you think that debt is bad and that you want us to pay our bills and then suggest taxing the crap out of capital gains.
Capital gains are realized from savings and investments. If we want to encourage saving and investing (as opposed to spending) the way to do it is not to penalize those that do by confiscating their gains.
In general (ignoring the current crop of bankers who have their hands out) investors alone, incur the risk for their investments. If they lose, they get nothing. If they win, however, the government puts IT’S hand out for a portion of the gains, having incurred none of the risk of the investment.
Seems like a pretty sweet deal for the government…Frankly, if the government wants to tax the crap out of my wages and then, after they’ve already taxed that money, try and tax any gains I make trying to put that money to work, maybe I’m better off just spending like a drunken sailor using credit and then just walking away. It sure seems to be what we are encouraging by penalizing wealth building.
June 9, 2008 at 11:20 AM #220274meadandaleParticipantTo me it seems rather inconsistent to say that you think that debt is bad and that you want us to pay our bills and then suggest taxing the crap out of capital gains.
Capital gains are realized from savings and investments. If we want to encourage saving and investing (as opposed to spending) the way to do it is not to penalize those that do by confiscating their gains.
In general (ignoring the current crop of bankers who have their hands out) investors alone, incur the risk for their investments. If they lose, they get nothing. If they win, however, the government puts IT’S hand out for a portion of the gains, having incurred none of the risk of the investment.
Seems like a pretty sweet deal for the government…Frankly, if the government wants to tax the crap out of my wages and then, after they’ve already taxed that money, try and tax any gains I make trying to put that money to work, maybe I’m better off just spending like a drunken sailor using credit and then just walking away. It sure seems to be what we are encouraging by penalizing wealth building.
June 9, 2008 at 11:20 AM #220288meadandaleParticipantTo me it seems rather inconsistent to say that you think that debt is bad and that you want us to pay our bills and then suggest taxing the crap out of capital gains.
Capital gains are realized from savings and investments. If we want to encourage saving and investing (as opposed to spending) the way to do it is not to penalize those that do by confiscating their gains.
In general (ignoring the current crop of bankers who have their hands out) investors alone, incur the risk for their investments. If they lose, they get nothing. If they win, however, the government puts IT’S hand out for a portion of the gains, having incurred none of the risk of the investment.
Seems like a pretty sweet deal for the government…Frankly, if the government wants to tax the crap out of my wages and then, after they’ve already taxed that money, try and tax any gains I make trying to put that money to work, maybe I’m better off just spending like a drunken sailor using credit and then just walking away. It sure seems to be what we are encouraging by penalizing wealth building.
June 9, 2008 at 11:20 AM #220316meadandaleParticipantTo me it seems rather inconsistent to say that you think that debt is bad and that you want us to pay our bills and then suggest taxing the crap out of capital gains.
Capital gains are realized from savings and investments. If we want to encourage saving and investing (as opposed to spending) the way to do it is not to penalize those that do by confiscating their gains.
In general (ignoring the current crop of bankers who have their hands out) investors alone, incur the risk for their investments. If they lose, they get nothing. If they win, however, the government puts IT’S hand out for a portion of the gains, having incurred none of the risk of the investment.
Seems like a pretty sweet deal for the government…Frankly, if the government wants to tax the crap out of my wages and then, after they’ve already taxed that money, try and tax any gains I make trying to put that money to work, maybe I’m better off just spending like a drunken sailor using credit and then just walking away. It sure seems to be what we are encouraging by penalizing wealth building.
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