Forum Replies Created
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GH
Participant[quote=four walling][quote=ucodegen]
I did a quick scan of your responses and decided that since my FICO score IS 850, whatever I am doing must work.take care.[/quote]
Everyone, no matter how wealthy is just a sneeze from bad credit. Back in the 80’s Pac Bell left our ads out of the phone book for a year we had NO income and $8000 a month in fixed overhead. Guess what? An 850 Fico can turn into a 500 Fico with a single lawsuit, illness, injury or accident. OK, I learned a lesson about all your eggs in a single basket, but then it could have been something else. Think about it.
Seriously, I hope you keep doing the right thing, but IF you hold debt of ANY kind, I reckon you have a high chance of defaulting in the future as things get progressively worse. If that means ALL Americans are therefore unemployable then what?
Participant[quote=four walling][quote=ucodegen]
I did a quick scan of your responses and decided that since my FICO score IS 850, whatever I am doing must work.take care.[/quote]
Everyone, no matter how wealthy is just a sneeze from bad credit. Back in the 80’s Pac Bell left our ads out of the phone book for a year we had NO income and $8000 a month in fixed overhead. Guess what? An 850 Fico can turn into a 500 Fico with a single lawsuit, illness, injury or accident. OK, I learned a lesson about all your eggs in a single basket, but then it could have been something else. Think about it.
Seriously, I hope you keep doing the right thing, but IF you hold debt of ANY kind, I reckon you have a high chance of defaulting in the future as things get progressively worse. If that means ALL Americans are therefore unemployable then what?
Participant[quote=four walling][quote=ucodegen]
I did a quick scan of your responses and decided that since my FICO score IS 850, whatever I am doing must work.take care.[/quote]
Everyone, no matter how wealthy is just a sneeze from bad credit. Back in the 80’s Pac Bell left our ads out of the phone book for a year we had NO income and $8000 a month in fixed overhead. Guess what? An 850 Fico can turn into a 500 Fico with a single lawsuit, illness, injury or accident. OK, I learned a lesson about all your eggs in a single basket, but then it could have been something else. Think about it.
Seriously, I hope you keep doing the right thing, but IF you hold debt of ANY kind, I reckon you have a high chance of defaulting in the future as things get progressively worse. If that means ALL Americans are therefore unemployable then what?
Participant[quote=four walling][quote=ucodegen]
I did a quick scan of your responses and decided that since my FICO score IS 850, whatever I am doing must work.take care.[/quote]
Everyone, no matter how wealthy is just a sneeze from bad credit. Back in the 80’s Pac Bell left our ads out of the phone book for a year we had NO income and $8000 a month in fixed overhead. Guess what? An 850 Fico can turn into a 500 Fico with a single lawsuit, illness, injury or accident. OK, I learned a lesson about all your eggs in a single basket, but then it could have been something else. Think about it.
Seriously, I hope you keep doing the right thing, but IF you hold debt of ANY kind, I reckon you have a high chance of defaulting in the future as things get progressively worse. If that means ALL Americans are therefore unemployable then what?
Participant[quote=four walling][quote=ucodegen]
I did a quick scan of your responses and decided that since my FICO score IS 850, whatever I am doing must work.take care.[/quote]
Everyone, no matter how wealthy is just a sneeze from bad credit. Back in the 80’s Pac Bell left our ads out of the phone book for a year we had NO income and $8000 a month in fixed overhead. Guess what? An 850 Fico can turn into a 500 Fico with a single lawsuit, illness, injury or accident. OK, I learned a lesson about all your eggs in a single basket, but then it could have been something else. Think about it.
Seriously, I hope you keep doing the right thing, but IF you hold debt of ANY kind, I reckon you have a high chance of defaulting in the future as things get progressively worse. If that means ALL Americans are therefore unemployable then what?
Participant[quote=patb][quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
[/quote]Hmmm, In UK in the 60’s most of their best minds left for America where they were paid better and were taxed less. The impact was disasterous!!
The Soviet Union, correct me if I am wrong, but did they not go bankrupt?
The question is if you want to live in a free society and have a choice where your income is spent , or have it spent for you by someone who knows what is good for you.
I am not advocating 0% tax, since obviously we would quickly see anarchy. California raised sales tax and collects less income. Less products and cars are sold as a result, less income tax is collected and eventually more tax is collected on less sales resulting in a net loss.
Participant[quote=patb][quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
[/quote]Hmmm, In UK in the 60’s most of their best minds left for America where they were paid better and were taxed less. The impact was disasterous!!
The Soviet Union, correct me if I am wrong, but did they not go bankrupt?
The question is if you want to live in a free society and have a choice where your income is spent , or have it spent for you by someone who knows what is good for you.
I am not advocating 0% tax, since obviously we would quickly see anarchy. California raised sales tax and collects less income. Less products and cars are sold as a result, less income tax is collected and eventually more tax is collected on less sales resulting in a net loss.
Participant[quote=patb][quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
[/quote]Hmmm, In UK in the 60’s most of their best minds left for America where they were paid better and were taxed less. The impact was disasterous!!
The Soviet Union, correct me if I am wrong, but did they not go bankrupt?
The question is if you want to live in a free society and have a choice where your income is spent , or have it spent for you by someone who knows what is good for you.
I am not advocating 0% tax, since obviously we would quickly see anarchy. California raised sales tax and collects less income. Less products and cars are sold as a result, less income tax is collected and eventually more tax is collected on less sales resulting in a net loss.
Participant[quote=patb][quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
[/quote]Hmmm, In UK in the 60’s most of their best minds left for America where they were paid better and were taxed less. The impact was disasterous!!
The Soviet Union, correct me if I am wrong, but did they not go bankrupt?
The question is if you want to live in a free society and have a choice where your income is spent , or have it spent for you by someone who knows what is good for you.
I am not advocating 0% tax, since obviously we would quickly see anarchy. California raised sales tax and collects less income. Less products and cars are sold as a result, less income tax is collected and eventually more tax is collected on less sales resulting in a net loss.
Participant[quote=patb][quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
[/quote]Hmmm, In UK in the 60’s most of their best minds left for America where they were paid better and were taxed less. The impact was disasterous!!
The Soviet Union, correct me if I am wrong, but did they not go bankrupt?
The question is if you want to live in a free society and have a choice where your income is spent , or have it spent for you by someone who knows what is good for you.
I am not advocating 0% tax, since obviously we would quickly see anarchy. California raised sales tax and collects less income. Less products and cars are sold as a result, less income tax is collected and eventually more tax is collected on less sales resulting in a net loss.
ParticipantHeck my company does background checks and checks GPAs and verifies degrees issued – and has for more than a decade… so screwing up your first year of college CAN follow you for a long time.
Hmmm, I attended a private college in UK back in the early 80’s. Apart from my certificate, I have a hell of a time with these kind of checks and have less patience for them.
ParticipantHeck my company does background checks and checks GPAs and verifies degrees issued – and has for more than a decade… so screwing up your first year of college CAN follow you for a long time.
Hmmm, I attended a private college in UK back in the early 80’s. Apart from my certificate, I have a hell of a time with these kind of checks and have less patience for them.
ParticipantHeck my company does background checks and checks GPAs and verifies degrees issued – and has for more than a decade… so screwing up your first year of college CAN follow you for a long time.
Hmmm, I attended a private college in UK back in the early 80’s. Apart from my certificate, I have a hell of a time with these kind of checks and have less patience for them.
ParticipantHeck my company does background checks and checks GPAs and verifies degrees issued – and has for more than a decade… so screwing up your first year of college CAN follow you for a long time.
Hmmm, I attended a private college in UK back in the early 80’s. Apart from my certificate, I have a hell of a time with these kind of checks and have less patience for them.
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