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kev374
ParticipantOh poor you! You make to much for the government to give you help. That must be a real bummer.
First, I’m not against helping people who deserve to be helped. This means helping people help themselves become better skilled and more productive. That makes our population more competitive in the global marketplace. How is giving free checks helping anyone? People have been consuming beyond their means and now we want to send them some more taxpayer money to spend because they have run out of available credit? Isn’t that moral hazard?
Second, about making too much… I don’t. I pay 38% of my overall income in taxes and my marginal rate is 48%. I live way below my means and believe in saving for a rainy day. Instead, I am seeing my savings evaporate due to increasing inflation and lower interest rates.
The policy of this current government is to penalize those who are responsible, those who have spent countless hours acquiring skills so that they can be successful.
The only way is to game the system by shifting from W2 income to 1099 and deduct everything, especially since we will be seeing increasing taxation towards already burdened middle income W2 earners in the future.
ParticipantI believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?
ParticipantI believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?
ParticipantI believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?
ParticipantI believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?
ParticipantI believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?
ParticipantThis type of journalism is typical in downcycles. There was similar press in the 90s bust as well. The correction will happen and nobody can stop it, not even the Fed.
ParticipantThis type of journalism is typical in downcycles. There was similar press in the 90s bust as well. The correction will happen and nobody can stop it, not even the Fed.
ParticipantThis type of journalism is typical in downcycles. There was similar press in the 90s bust as well. The correction will happen and nobody can stop it, not even the Fed.
ParticipantThis type of journalism is typical in downcycles. There was similar press in the 90s bust as well. The correction will happen and nobody can stop it, not even the Fed.
ParticipantThis type of journalism is typical in downcycles. There was similar press in the 90s bust as well. The correction will happen and nobody can stop it, not even the Fed.
ParticipantAre you claiming that people who make more than $75,000 are “rich”?
Most of the middle class (those between $75k – 200k) are the ones paying the MOST taxes. What do you mean 8 years of welfare?
How is *stealing* from those who strive to save their money and distributing it to those that don’t not moral hazard? Did we not go through this in New Orleans where they issued prepaid credit cards to the poor and they used them in strip clubs? Is this the kind of behavior we want to encourage?
The message being sent is that the government will distribute free checks from the taxpayer account so the spending can continue!
The $1200 will be gone but the problems with the economy will remain. The government is running record deficits. Who is going to pay for all these rebates?
ParticipantAre you claiming that people who make more than $75,000 are “rich”?
Most of the middle class (those between $75k – 200k) are the ones paying the MOST taxes. What do you mean 8 years of welfare?
How is *stealing* from those who strive to save their money and distributing it to those that don’t not moral hazard? Did we not go through this in New Orleans where they issued prepaid credit cards to the poor and they used them in strip clubs? Is this the kind of behavior we want to encourage?
The message being sent is that the government will distribute free checks from the taxpayer account so the spending can continue!
The $1200 will be gone but the problems with the economy will remain. The government is running record deficits. Who is going to pay for all these rebates?
ParticipantAre you claiming that people who make more than $75,000 are “rich”?
Most of the middle class (those between $75k – 200k) are the ones paying the MOST taxes. What do you mean 8 years of welfare?
How is *stealing* from those who strive to save their money and distributing it to those that don’t not moral hazard? Did we not go through this in New Orleans where they issued prepaid credit cards to the poor and they used them in strip clubs? Is this the kind of behavior we want to encourage?
The message being sent is that the government will distribute free checks from the taxpayer account so the spending can continue!
The $1200 will be gone but the problems with the economy will remain. The government is running record deficits. Who is going to pay for all these rebates?
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