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Old October 12th, 2011, 04:19 AM   #130
opie
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Quote:
Originally Posted by brewmenn View Post
The stats I've seen say that a a group those in the top 5% ($160,000 in 2008) of income and above have seen their share of the total income rise, while those 10% ($113,800) and down have dropped. 5% to 10% stayed about the same. So when I say the rich got richer I'm talking about those with income in the top 5% or above. The higher you go the better they've done compared to the whole. http://www.taxfoundation.org/news/show/250.html#Data
So is $160,000 your line between rich and middle class?

Quote:
Originally Posted by brewmenn View Post
I assume by that you mean it to include any program that helps the poor.
Any Government run program, yes.

Quote:
Originally Posted by brewmenn View Post
I guess it isn't. But I'll just start ignoring what doesn't pertain to my point
IMO you will then have an unbalanced conversation. Your point has been decades in the making and it involves far more than just the top income levels increasing their income.

Quote:
Originally Posted by brewmenn View Post
Yep. One thing I've learned over the years is that no one in indispensable. They'll have to leave their job, so their income will stay right here, being made by someone else, who will pay the taxes on it.
You seem to be neglecting to accept the fact that the majority of high wage earners provide jobs as well. Read business owners. We dont have a country of entrepreneurs anymore because our Government has created a class of citizens willing to sit back and collect benefits.

Quote:
Originally Posted by brewmenn View Post
And this is where I'm not doing a very good job of making myself understood. I agree with you. Everyone should be responsible for themselves and no one else. It's human nature to look out for your own best interests, and that's the way it should be. If the current system is working for you and you're making piles of money it's in your long term best interest to keep the system going. If the current system is not working for you and you are going broke, for whatever reason, it's in you best interest to change the system. That's what those folks protesting on Wall Street are trying to do. The way to keep the system that benefits you is to convince a majority of the people that it benefits them as well. This may mean that you have to take less for yourself now and share more of it those in a lessor position in exchange for keeping a system that will allow you to continue to make large sums of money well into the future.
But that system is not exclusive to me. Every single person marching in the protest has the same opportunities in front of them as I do. The difference is I am choosing to exercise my options and take life by the horns. Not protest that the system is unfair and lobby Government to change the system. Hell, I dont even have half the education most of the protestors do and I manage to keep my real job, run a side business and support my family which allows my wife to stay home with the kids. I find it difficult to accept that the "system" is flawed. Perhaps there in lies one of the differences... I choose to use my time to be productive.

I dont want to make it sound like Im rolling in money, cause Im not. I land squarely in the lower middle class every year

This.....

Quote:
If the current system is not working for you and you are going broke, for whatever reason, it's in you best interest to change the system.
IMO, it would be in your best interest to stop going broke, not change the system. The system doesn't care who you are, your sex or race, religion etc. When I say system, I am referring to the framework that is laid out that allows anyone to become a master of their own future.

Coming from a background where I was stupid in my younger days in regards to finances, education and business... I learned what works for me and what doesn't. It never entered my mind to change the system. What I had to do was modify my behaviors because my behaviors were the detriment to my success, not the system.
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