Republicans, explain to me why im a future job creator.

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markinthedark

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#51 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="DarkOfKnight"] Why not? DarkOfKnight

because they did nothing to actually earn it. You wanna take food stamps away from the poor so your kids can afford to feed their dog caviar... what kinda logic does that make?

Food Stamps isn't paid for in estate taxes...Getting rid of it wouldn't harm anyone.

getting rid of foodstamps wouldnt hurt anyone?

what about all the single mothers that can no longer afford their kids, or the people that resort to crime and need to be jailed. Both those are huge costs.

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Mafiree

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#53 Mafiree
Member since 2008 • 3704 Posts
A fool and his money are soon parted.
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cybrcatter

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#54 cybrcatter
Member since 2003 • 16210 Posts

[QUOTE="cybrcatter"]

[QUOTE="markinthedark"]

alot of our system is not rags to riches earners though... its mostly generational wealth.

DarkOfKnight

However, no child should ever inherit $1billion dollars, whether their father, or mother, made $1.1 billion or $150 billion.

Why not?

What purpose is there in giving an individual one thousand million dollars? Unless there is some guarantee that the majority of children inheriting $1bil are prodigy venture capitalists, there is no reason for this to occur, from either an ethical or productive point of view.

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markinthedark

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#55 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="coolbeans90"]

I'm not sure if you read his post, but he was taking issue with generational wealth, so I'm not understanding the objection here. Anyway, most millionaires are self-made. Go figure.

coolbeans90

ill agree with you if you can find me one source citing that fact. most millionaires are definitely not self made.

Yeah, they do.

It's not exactly a controversial claim either. Billionaires, yeah, you might be on to something. However, even a large portion of those are self-made.

Anyway, I am most curious as to why you've bothered to pursue this line of discussion, given that I've already agreed that generational wealth needs to be limited.

Sounds a bit unrealistic... but im having trouble findingThomas J. Stanley's facts, and you provided a link so burden of proof is on me. So ill give it to you even thought im highly skeptical of the info.. seems ridiculously high.

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coolbeans90

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#56 coolbeans90
Member since 2009 • 21305 Posts

[QUOTE="coolbeans90"]

[QUOTE="markinthedark"]

ill agree with you if you can find me one source citing that fact. most millionaires are definitely not self made.

markinthedark

Yeah, they do.

It's not exactly a controversial claim either. Billionaires, yeah, you might be on to something. However, even a large portion of those are self-made.

Anyway, I am most curious as to why you've bothered to pursue this line of discussion, given that I've already agreed that generational wealth needs to be limited.

Sounds a bit unrealistic... but im having trouble findingThomas J. Stanley's facts, and you provided a link so burden of proof is on me. So ill give it to you even thought im highly skeptical of the info.. seems ridiculously high.

Well, the number of millionaires has grown quite a bit over the years.

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BMD004

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#57 BMD004
Member since 2010 • 5883 Posts

[QUOTE="coolbeans90"]

[QUOTE="markinthedark"]

alot of our system is not rags to riches earners though... its mostly generational wealth.

markinthedark

I'm not sure if you read his post, but he was taking issue with generational wealth, so I'm not understanding the objection here. Anyway, most millionaires are self-made. Go figure.

ill agree with you if you can find me one source citing that fact. most millionaires are definitely not self made.

It's a pretty well-known fact that most millionaires lived well below their means throughout their lives and just continued to save their money. They live very frugal. My grandpa is an example. He was an accountant, and he's now a millionaire just because he's a cheap bastard and doesn't like to spend his money. He's retired and is only living on the interest that his money collects.

An example of how cheap he is, him and my grandma have lived in the same "average" house for 30 years, and his vehicles are a 2002 Toyota Camry and a small 1993 Toyota pick up truck. And he's a millionaire. Nobody would ever know it.

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markinthedark

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#58 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="coolbeans90"]

I'm not sure if you read his post, but he was taking issue with generational wealth, so I'm not understanding the objection here. Anyway, most millionaires are self-made. Go figure.

BMD004

ill agree with you if you can find me one source citing that fact. most millionaires are definitely not self made.

It's a pretty well-known fact that most millionaires lived well below their means throughout their lives and just continued to save their money. They live very frugal. My grandpa is an example. He was an accountant, and he's now a millionaire just because he's a cheap bastard and doesn't like to spend his money. He's retired and is only living on the interest that his money collects.

maybe most millionaires. But being a millionaire doesnt mean a whole lot anymore. Estate tax is on 5 mil+ inheritance. I think.

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markinthedark

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#59 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="coolbeans90"]

Yeah, they do.

It's not exactly a controversial claim either. Billionaires, yeah, you might be on to something. However, even a large portion of those are self-made.

Anyway, I am most curious as to why you've bothered to pursue this line of discussion, given that I've already agreed that generational wealth needs to be limited.

coolbeans90

Sounds a bit unrealistic... but im having trouble findingThomas J. Stanley's facts, and you provided a link so burden of proof is on me. So ill give it to you even thought im highly skeptical of the info.. seems ridiculously high.

Well, the number of millionaires has grown quite a bit over the years.

social mobility i belive is at a rather low point though.

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chaoscougar1

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#60 chaoscougar1
Member since 2005 • 37603 Posts
with your current attitude, you dont deserve money
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markinthedark

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#61 markinthedark
Member since 2005 • 3676 Posts

with your current attitude, you dont deserve moneychaoscougar1

you are correct, i dont... ive done nothing to deserve anything.

I didnt even deserve to get into college because i slacked off hardcore in highschool...

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chaoscougar1

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#62 chaoscougar1
Member since 2005 • 37603 Posts

[QUOTE="chaoscougar1"]with your current attitude, you dont deserve moneymarkinthedark

you are correct, i dont... ive done nothing to deserve anything.

I didnt even deserve to get into college because i slacked off hardcore in highschool...

well then what gives you the right to question other people? do something useful with the money; give it to charity, start a useful business, make something of yourself instead of questioning other peoples political beliefs and describing how you are going to blow the money that was gifted to you
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spawnassasin

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#63 spawnassasin
Member since 2006 • 18702 Posts

with your current attitude, you dont deserve moneychaoscougar1

seriously you should be happy you dont have to worry about money problems
a lot of us would like to have what you have TC

and to be honest TC it people like you that really **** me off always whining about how good they have it saying that they dont deserve it
well your parents, grandparents whatever worked their ass off just so you could have a head start in life
i wasnt so lucky my moms a teacher for a crappy school district and my dads manager of circulation for a small news paper outlet and me under contract work delivering papers working my ass off so my kids can hopefully have the life that you have and not have to worry about what will be for dinner or will they have enough for clothes and hopefully put them into good schools

but if all this money really does make you feel bad then throw it all away but i can tell you your not missing much

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kayoticdreamz

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#64 kayoticdreamz
Member since 2010 • 3347 Posts
TC....even if you are not a job creator i find it silly that you want the government to take your money for you. you want to help the poor do it yourself give them all your money. furthermore we dont have a tax income problem so much as a spending problem. for example if i keep getting a 2000 dollar credit limit credit card and keep maxing it. the solution to solving the debt isnt another credit card. it isnt an influx of money. its the fact im maxing a credit card and not paying it off and living within my budget. if i can only afford 1500 of that 2000 credit limit then spend only 1500. and pay that off. but what we are doing is spending 2000 and getting a new credit card and doing this constantly over and over but with the same budget of 1500. so we get a yearly allowance of 1500 but we are in debt 12000 for example by spending 2000 each year. you giving the government 5000 for example wont solve the debt. spending less than 1500 so i can make a profit and chomp away at the debt will solve the problem and your donation of 5000 will only be helpful if in fact i spend less than 1500 yearly. simply math folks. simple math.
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markinthedark

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#65 markinthedark
Member since 2005 • 3676 Posts

TC....even if you are not a job creator i find it silly that you want the government to take your money for you. you want to help the poor do it yourself give them all your money. furthermore we dont have a tax income problem so much as a spending problem. for example if i keep getting a 2000 dollar credit limit credit card and keep maxing it. the solution to solving the debt isnt another credit card. it isnt an influx of money. its the fact im maxing a credit card and not paying it off and living within my budget. if i can only afford 1500 of that 2000 credit limit then spend only 1500. and pay that off. but what we are doing is spending 2000 and getting a new credit card and doing this constantly over and over but with the same budget of 1500. so we get a yearly allowance of 1500 but we are in debt 12000 for example by spending 2000 each year. you giving the government 5000 for example wont solve the debt. spending less than 1500 so i can make a profit and chomp away at the debt will solve the problem and your donation of 5000 will only be helpful if in fact i spend less than 1500 yearly. simply math folks. simple math.kayoticdreamz

ive always excelled at math, and i can tell you.. you cant relate personal finances to that of the economy.

How does your debt fluctuate according to the yen? dont know? thats a sign its not that easy. Show me the simple math explaining the dollar to yen relation.

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markinthedark

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#66 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="chaoscougar1"]with your current attitude, you dont deserve moneyspawnassasin

seriously you should be happy you dont have to worry about money problems
a lot of us would like to have what you have TC

and to be honest TC it people like you that really **** me off always whining about how good they have it saying that they dont deserve it
well your parents, grandparents whatever worked their ass off just so you could have a head start in life
i wasnt so lucky my moms a teacher for a crappy school district and my dads manager of circulation for a small news paper outlet and me under contract work delivering papers working my ass off so my kids can hopefully have the life that you have and not have to worry about what will be for dinner or will they have enough for clothes and hopefully put them into good schools

but if all this money really does make you feel bad then throw it all away but i can tell you your not missing much

i dont have anything (im broke), its only when my parents croak when i get the money. I refuse to take money from them. I decided i wanted to make my own living.

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markinthedark

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#67 markinthedark
Member since 2005 • 3676 Posts

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

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chaoscougar1

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#68 chaoscougar1
Member since 2005 • 37603 Posts

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

markinthedark
hahahahahahahaha biggest oxymoron i have ever heard Very cliche as well, money doesnt create the deep happiness you get from a wife/family/friends correct, but it sure does make things easier. How many couples fight over money (or lack there of) and how many people have been hurt/killed over money problems? Probably too many to count... Saying it does nothing reaffirms that you really dont deserve any of what you are about to receive. And if your strongly believe that money is worthless, how about giving it to someone or some people that can really benefit from it and that will improve their life somehow aka a charity
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Mafiree

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#69 Mafiree
Member since 2008 • 3704 Posts

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

markinthedark
If it is worthless, then it doesn't matter who has it. Thus, your OP is invalid.
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spawnassasin

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#70 spawnassasin
Member since 2006 • 18702 Posts

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

markinthedark

right here i were id punch you in the face for being so naive money is everything for most of us, money pays the bills, puts food on the table, pays for my gas
it basically keeps me off the streets and out of the slums
so yes money does make me happy

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markinthedark

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#71 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

chaoscougar1

hahahahahahahaha biggest oxymoron i have ever heard Very cliche as well, money doesnt create the deep happiness you get from a wife/family/friends correct, but it sure does make things easier. How many couples fight over money (or lack there of) and how many people have been hurt/killed over money problems? Probably too many to count... Saying it does nothing reaffirms that you really dont deserve any of what you are about to receive. And if your strongly believe that money is worthless, how about giving it to someone or some people that can really benefit from it and that will improve their life somehow aka a charity

in 40 years ill just pass out the money no prob (but ill probably buy houses nearby and make you play xbox live with me). Ppl seem to be missing that i gotta wait for my old man to die first.

and while i understand the money problems thing, there is still some respect to be gained by doing it yourself and earning a living.

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Hatiko

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#72 Hatiko
Member since 2006 • 4669 Posts

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

markinthedark

I'm sorry, but money does make the world go round.

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markinthedark

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#73 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

Hatiko

I'm sorry, but money does make the world go round.

list your expenses, then list your needed income to meet them... at some point it will match. Im just saying you guys probably will meet your expectations.

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Mafiree

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#74 Mafiree
Member since 2008 • 3704 Posts

[QUOTE="Hatiko"]

[QUOTE="markinthedark"]

why the hell you guys want money anyhow? it doesnt make you happy, it does nothing... its so worthless.

markinthedark

I'm sorry, but money does make the world go round.

list your expenses, then list your needed income to meet them... at some point it will match. Im just saying you guys probably will meet your expectations.

People in sub-Saharan Africa can do the same exact thing. That "method" has nothing to do with standard of living.
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markinthedark

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#75 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="Hatiko"]

I'm sorry, but money does make the world go round.

Mafiree

list your expenses, then list your needed income to meet them... at some point it will match. Im just saying you guys probably will meet your expectations.

People in sub-Saharan Africa can do the same exact thing. That "method" has nothing to do with standard of living.

sure it does, its why a billionaire commited suicide after he lost billions in the bernie madoff ponzie scheme... even though he was still a billionaire.

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Mafiree

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#76 Mafiree
Member since 2008 • 3704 Posts

[QUOTE="Mafiree"][QUOTE="markinthedark"]

list your expenses, then list your needed income to meet them... at some point it will match. Im just saying you guys probably will meet your expectations.

markinthedark

People in sub-Saharan Africa can do the same exact thing. That "method" has nothing to do with standard of living.

sure it does, its why a billionaire commited suicide after he lost billions in the bernie madoff ponzie scheme... even though he was still a billionaire.

I don't understand how that is relevant or disproves my statement....... The principle behind a budget(which is what your example was) is to have revenue equal expenses. It has nothing to do with standard of living.
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surrealnumber5

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#77 surrealnumber5
Member since 2008 • 23044 Posts

the steps to enjoying your day after this thread.

step one - enter thread

step two - read OP

step three - notice this thread is comprised of political talking pointsand that is it.

step four - leave thread with inflated sense of self worth, at the expense of the rest of humanity

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markinthedark

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#78 markinthedark
Member since 2005 • 3676 Posts

[QUOTE="markinthedark"]

[QUOTE="Mafiree"] People in sub-Saharan Africa can do the same exact thing. That "method" has nothing to do with standard of living.Mafiree

sure it does, its why a billionaire commited suicide after he lost billions in the bernie madoff ponzie scheme... even though he was still a billionaire.

I don't understand how that is relevant or disproves my statement....... The principle behind a budget(which is what your example was) is to have revenue equal expenses. It has nothing to do with standard of living.

it has alot to do with everything. will your lust for money ever be satiated? is it possible to have enough money?

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Jph625

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#79 Jph625
Member since 2009 • 1046 Posts

Are the people that are mad at OP really believing that what he said is actually what his life consists of? Comprehension: Fail.

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comp_atkins

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#80 comp_atkins
Member since 2005 • 38936 Posts

[QUOTE="DarkOfKnight"][QUOTE="markinthedark"]

well who works hard for an inheritance?

not half as hard as working for an actual paycheck.

markinthedark

Your parents worked hard to get that money, and earned it or not I am happy they have something to give you. What if your inheritance was a small family owned company, would it be fair for the government to take it? WOuld it be fair if you busted your butt for 30 years to run that company to have i taken from you just because the government says you didn't make it so you can't have it? Some do work hard for it, depends on the parents.

my parents were lazy, my grandparents were lazy.... it was apparently my great grandparents that earned the money... and i dunno, they might have won it in a poker game for all i know. I just know they owned alot of land in ohio.

if it was a small company for 30 years then maybe... but thats not really how money works these days. My parents refuse to talk money with me, but im fairly certain they pay no taxes or at best next to nothing in taxes. I know for certain they dodge tax laws though.

EDIT: Well i shouldnt say my whole family line is lazy they were actually pretty smart, all engineers.

sems to me this is a warning sign here. wouldn't your parents want you to be as knowledgable as possible about the families finances if you will be inhertiting a chunk of it ( assuming it's on the up and up )

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worlock77

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#81 worlock77
Member since 2009 • 22552 Posts
You did nothing to deserve the money you're going to inherit. But that's life, it isn't fair and it isn't equal. Some people who work hard get s***. Some people who slack off get the world handed to them. That's just how it goes. I would suggest, however, that rather than bemoan the fact that you're coming into wealth you didn't earn, instead count your blessings and appreciate the fact that you're such a fortunate position simply by chance of birth. And, when you come into that money earn it then. Put it to productive use not only for your own benefit but for the benefit of others as well. You've been handed great opportunity to do a lot of good. Embrace it.
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kayoticdreamz

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#82 kayoticdreamz
Member since 2010 • 3347 Posts

[QUOTE="kayoticdreamz"]TC....even if you are not a job creator i find it silly that you want the government to take your money for you. you want to help the poor do it yourself give them all your money. furthermore we dont have a tax income problem so much as a spending problem. for example if i keep getting a 2000 dollar credit limit credit card and keep maxing it. the solution to solving the debt isnt another credit card. it isnt an influx of money. its the fact im maxing a credit card and not paying it off and living within my budget. if i can only afford 1500 of that 2000 credit limit then spend only 1500. and pay that off. but what we are doing is spending 2000 and getting a new credit card and doing this constantly over and over but with the same budget of 1500. so we get a yearly allowance of 1500 but we are in debt 12000 for example by spending 2000 each year. you giving the government 5000 for example wont solve the debt. spending less than 1500 so i can make a profit and chomp away at the debt will solve the problem and your donation of 5000 will only be helpful if in fact i spend less than 1500 yearly. simply math folks. simple math.markinthedark

ive always excelled at math, and i can tell you.. you cant relate personal finances to that of the economy.

How does your debt fluctuate according to the yen? dont know? thats a sign its not that easy. Show me the simple math explaining the dollar to yen relation.

so the government shouldnt have a balance budget? furthermore i said nothing about conversion of other currencies nor do i see how its relevant when im talking about spending less than you take in so you can pay off the debt. really its very applicable to personal finances. its the same thing balancing a budget which is basic math. you make 1500 well spending less than that nets you a profit.
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XileLord

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#83 XileLord
Member since 2007 • 3776 Posts

Okay, let's use the logic with a poor kid then. Kid grows up and is forced to wear crappy clothing, has troubles at home which take a toll on him mentally and effect his school work which assures he won't ever be able to get into a decent college, probably underweight and smells due to lack of nutrition and bad clothing that rarely gets washed so ontop of it all he has people making fun of him at school. Kid probably grows up, lives on or near minimum wage and is forced to move out at a young age so racks up a lot of debt trying to survive on his own on a crappy minimum wage job.

Then you got a rich kid who's parents spoil him, has the latest clothing, troubles at home don't effect him as much and his parents actually care about his school work. Kid is usually a B average student and parents buy his way into college. Kid gets a degree, a good job and a nice home and doesn't have to worry about much of anything.

Is this fair? No and that's because life isn't fair. The rich will get richer and the poorer will generally get poorer. Sure there are a small percentage of poor people who make it big but it's rare and the rich lable it the poor with "Lack of ambition, lazy, bums" etc with no real understanding of anything because they never grew up like the poor did or use their personal success as the standard to which all poor people should go by.

You ask why you're a future job creator, you're not if you don't want to be because you have the money not to be. You got thousands, maybe millions of dollars due to mommy and daddy and maybe you won't even have to work a day in your life when your older. It's not fair, you don't deserve anything and you haven't done anything to deserve it besides be born.

TLDR: Life isn't fair, get over it.