[jeeman]

Dude, you are so far out there. Combined, my wife and I make in the upper ranges. We don’t get tax shelters or many benefits. We work hard, and we have skills that employers are willing to pay for. Yet we’re soaked in taxes, and we don’t even own a home. I have very little idea of how to shield my income from these 45% tax rates. I own a Ford and a Chevy, not a Mercedes and BMW.

Blanket statements like “rich people” are all crooked are like saying “poor people” are all lazy. Neither are true.

How much someone else makes is frankly none of your business, and should be none of Obama’s business, as long as they are doing it without breaking the law.

Oh, and your comment about laborers working hard in the sun and making very little? Well, supply and demand is in effect for labor too. Any of us can go into a field and start picking fruit, if we have our hands and legs intact. The supply of people able to do that is effectively unlimited, so wages will be lower. People trying to calculate the loss/risk formulas for insurance companies is at a far lesser supply and thus their salaries are higher.

I understand your heart, but engage your brain too, and all this will make sense.

[jeeman]

Dude, you are so far out there. Combined, my wife and I make in the upper ranges. We don’t get tax shelters or many benefits. We work hard, and we have skills that employers are willing to pay for. Yet we’re soaked in taxes, and we don’t even own a home. I have very little idea of how to shield my income from these 45% tax rates. I own a Ford and a Chevy, not a Mercedes and BMW.

Blanket statements like “rich people” are all crooked are like saying “poor people” are all lazy. Neither are true.

How much someone else makes is frankly none of your business, and should be none of Obama’s business, as long as they are doing it without breaking the law.

Oh, and your comment about laborers working hard in the sun and making very little? Well, supply and demand is in effect for labor too. Any of us can go into a field and start picking fruit, if we have our hands and legs intact. The supply of people able to do that is effectively unlimited, so wages will be lower. People trying to calculate the loss/risk formulas for insurance companies is at a far lesser supply and thus their salaries are higher.

I understand your heart, but engage your brain too, and all this will make sense.

[jeeman]

Dude, you are so far out there. Combined, my wife and I make in the upper ranges. We don’t get tax shelters or many benefits. We work hard, and we have skills that employers are willing to pay for. Yet we’re soaked in taxes, and we don’t even own a home. I have very little idea of how to shield my income from these 45% tax rates. I own a Ford and a Chevy, not a Mercedes and BMW.

Blanket statements like “rich people” are all crooked are like saying “poor people” are all lazy. Neither are true.

How much someone else makes is frankly none of your business, and should be none of Obama’s business, as long as they are doing it without breaking the law.

Oh, and your comment about laborers working hard in the sun and making very little? Well, supply and demand is in effect for labor too. Any of us can go into a field and start picking fruit, if we have our hands and legs intact. The supply of people able to do that is effectively unlimited, so wages will be lower. People trying to calculate the loss/risk formulas for insurance companies is at a far lesser supply and thus their salaries are higher.

I understand your heart, but engage your brain too, and all this will make sense.

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

I agree with those who said inflation is a side-effect of the increased money supply.

Let’s say you made $2000/month, but then I gave everyone $2000 to buy that item that costs $2000. The price of that item will jump to reflect the demand. If I took $2000 away from everyone and burned it, then the demand will drop and the price of that item would drop.

Inflation has occurred in the last 10 years, disguised by rising stock wealth and home equity, due to an increase in the credit offered. People were priced out of houses, but it wasn’t considered inflation back then.

Now, house prices are dropping fast, and some traders have speculated in hard commodities, such as oil and food. Now, all of a sudden, inflation is exploding? I think not. I think the play money moved from the stock market to the real estate market to the commodities market.

As credit continues to contract, cash will be needed by banks to repair their balance sheets, leading to more margin calls. Leveraged traders will have to continue selling their equities and commodities to meet those calls, leading to a downturn in the markets.

Think of it this way…so you’re spending $300/month more in food and gasoline. Meanwhile, your home dropped in value by $2000 that same month, and your income stayed the same. Are you going to add to the demand of luxuries or reduce your demand for them? Look at Subway and Starbucks…they are offering CHEAPER food to entice you back to their stores.

Our money supply is contracting, and even more so with the trade deficit which is an outflow of our dollars from this country. We have less cash and credit than a year ago.

[jeeman]

I agree with those who said inflation is a side-effect of the increased money supply.

Let’s say you made $2000/month, but then I gave everyone $2000 to buy that item that costs $2000. The price of that item will jump to reflect the demand. If I took $2000 away from everyone and burned it, then the demand will drop and the price of that item would drop.

Inflation has occurred in the last 10 years, disguised by rising stock wealth and home equity, due to an increase in the credit offered. People were priced out of houses, but it wasn’t considered inflation back then.

Now, house prices are dropping fast, and some traders have speculated in hard commodities, such as oil and food. Now, all of a sudden, inflation is exploding? I think not. I think the play money moved from the stock market to the real estate market to the commodities market.

As credit continues to contract, cash will be needed by banks to repair their balance sheets, leading to more margin calls. Leveraged traders will have to continue selling their equities and commodities to meet those calls, leading to a downturn in the markets.

Think of it this way…so you’re spending $300/month more in food and gasoline. Meanwhile, your home dropped in value by $2000 that same month, and your income stayed the same. Are you going to add to the demand of luxuries or reduce your demand for them? Look at Subway and Starbucks…they are offering CHEAPER food to entice you back to their stores.

Our money supply is contracting, and even more so with the trade deficit which is an outflow of our dollars from this country. We have less cash and credit than a year ago.

[jeeman]

I agree with those who said inflation is a side-effect of the increased money supply.

Let’s say you made $2000/month, but then I gave everyone $2000 to buy that item that costs $2000. The price of that item will jump to reflect the demand. If I took $2000 away from everyone and burned it, then the demand will drop and the price of that item would drop.

Inflation has occurred in the last 10 years, disguised by rising stock wealth and home equity, due to an increase in the credit offered. People were priced out of houses, but it wasn’t considered inflation back then.

Now, house prices are dropping fast, and some traders have speculated in hard commodities, such as oil and food. Now, all of a sudden, inflation is exploding? I think not. I think the play money moved from the stock market to the real estate market to the commodities market.

As credit continues to contract, cash will be needed by banks to repair their balance sheets, leading to more margin calls. Leveraged traders will have to continue selling their equities and commodities to meet those calls, leading to a downturn in the markets.

Think of it this way…so you’re spending $300/month more in food and gasoline. Meanwhile, your home dropped in value by $2000 that same month, and your income stayed the same. Are you going to add to the demand of luxuries or reduce your demand for them? Look at Subway and Starbucks…they are offering CHEAPER food to entice you back to their stores.

Our money supply is contracting, and even more so with the trade deficit which is an outflow of our dollars from this country. We have less cash and credit than a year ago.

[jeeman]

I agree with those who said inflation is a side-effect of the increased money supply.

Let’s say you made $2000/month, but then I gave everyone $2000 to buy that item that costs $2000. The price of that item will jump to reflect the demand. If I took $2000 away from everyone and burned it, then the demand will drop and the price of that item would drop.

Inflation has occurred in the last 10 years, disguised by rising stock wealth and home equity, due to an increase in the credit offered. People were priced out of houses, but it wasn’t considered inflation back then.

Now, house prices are dropping fast, and some traders have speculated in hard commodities, such as oil and food. Now, all of a sudden, inflation is exploding? I think not. I think the play money moved from the stock market to the real estate market to the commodities market.

As credit continues to contract, cash will be needed by banks to repair their balance sheets, leading to more margin calls. Leveraged traders will have to continue selling their equities and commodities to meet those calls, leading to a downturn in the markets.

Think of it this way…so you’re spending $300/month more in food and gasoline. Meanwhile, your home dropped in value by $2000 that same month, and your income stayed the same. Are you going to add to the demand of luxuries or reduce your demand for them? Look at Subway and Starbucks…they are offering CHEAPER food to entice you back to their stores.

Our money supply is contracting, and even more so with the trade deficit which is an outflow of our dollars from this country. We have less cash and credit than a year ago.

[jeeman]

I agree with those who said inflation is a side-effect of the increased money supply.

Let’s say you made $2000/month, but then I gave everyone $2000 to buy that item that costs $2000. The price of that item will jump to reflect the demand. If I took $2000 away from everyone and burned it, then the demand will drop and the price of that item would drop.

Inflation has occurred in the last 10 years, disguised by rising stock wealth and home equity, due to an increase in the credit offered. People were priced out of houses, but it wasn’t considered inflation back then.

Now, house prices are dropping fast, and some traders have speculated in hard commodities, such as oil and food. Now, all of a sudden, inflation is exploding? I think not. I think the play money moved from the stock market to the real estate market to the commodities market.

As credit continues to contract, cash will be needed by banks to repair their balance sheets, leading to more margin calls. Leveraged traders will have to continue selling their equities and commodities to meet those calls, leading to a downturn in the markets.

Think of it this way…so you’re spending $300/month more in food and gasoline. Meanwhile, your home dropped in value by $2000 that same month, and your income stayed the same. Are you going to add to the demand of luxuries or reduce your demand for them? Look at Subway and Starbucks…they are offering CHEAPER food to entice you back to their stores.

Our money supply is contracting, and even more so with the trade deficit which is an outflow of our dollars from this country. We have less cash and credit than a year ago.

[jeeman]

“By refusing to raise the minimum wage? ”

Sounds great! Let’s make the minimum wage $200/hr. Then nobody would be poor anymore ever again!

Jeeman

[jeeman]

“By refusing to raise the minimum wage? ”

Sounds great! Let’s make the minimum wage $200/hr. Then nobody would be poor anymore ever again!

Jeeman

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