[

Oh yeah, don't go in debt by buying things you can't afford. Or don't need.

Without debt, how would money be created?
BTW any of you guys that think you aren't in debt must have missed the almost 27 trillion dollar and rapidly expanding US debt. That is 81,000 per citizen or better yet 214,000 per taxpayer. Figure in state and local debt plus unfunded liabilities and Mama Mia.

[quote=Blaine County][

Oh yeah, don't go in debt by buying things you can't afford. Or don't need.

The problem is that the middle class has in most cases just given away the money to the richest of the rich voluntarily. They do it through interest mostly, buying dang near everything on credit these days, and the fact that both parents must work to make ends meet. In 1975 I'll bet it was less than 25% of families had two incomes, but today, it's nearly 100%. Guess what, you're not better off with two incomes, you just have more stuff and are making less money per person. This is why the middle class is disappearing. The poor are always going to be there because for the most part they aren't willing to do what it takes to get out of poverty, especially when they can live off the government at just above poverty level. As long as we give hand-outs instead of hand-ups, there will always be a huge load of people willing to sit back and just get by with what they can get for free. The ultra rich 1% is more than willing to take advantage of the situation that people want stuff now and are willing to donate a lot of their paycheck in interest to get what they want now instead of working for it over time. When was the last time you heard the term "Starter house" and can you imagine what a new car would cost if you couldn't borrow money to buy one? Think about that. People give hundreds of thousands of dollars to colleges that don't really help them get ahead and then pay for it for years and years. It's crazy. People need to stop blaming the rich, and stop blaming how much the rich are taxed, and make better choices for themselves.

People succeed when (1) they are willing to work hard and (2) they don't expect to be given anything.

They earn it. You have the same opportunities as anyone else. Stop expecting a higher wage to be given to you or anyone else. Go earn it.

Oh yeah, don't go in debt by buying things you can't afford. Or don't need.

The problem is that the middle class has in most cases just given away the money to the richest of the rich voluntarily. They do it through interest mostly, buying dang near everything on credit these days, and the fact that both parents must work to make ends meet. In 1975 I'll bet it was less than 25% of families had two incomes, but today, it's nearly 100%. Guess what, you're not better off with two incomes, you just have more stuff and are making less money per person. This is why the middle class is disappearing. The poor are always going to be there because for the most part they aren't willing to do what it takes to get out of poverty, especially when they can live off the government at just above poverty level. As long as we give hand-outs instead of hand-ups, there will always be a huge load of people willing to sit back and just get by with what they can get for free. The ultra rich 1% is more than willing to take advantage of the situation that people want stuff now and are willing to donate a lot of their paycheck in interest to get what they want now instead of working for it over time. When was the last time you heard the term "Starter house" and can you imagine what a new car would cost if you couldn't borrow money to buy one? Think about that. People give hundreds of thousands of dollars to colleges that don't really help them get ahead and then pay for it for years and years. It's crazy. People need to stop blaming the rich, and stop blaming how much the rich are taxed, and make better choices for themselves.

I am still saving up to be poor.

I certainly don't think that taxing the high income individuals at a higher rate is the correct thing to do. I think everyone, poor and rich, should pay the exact same percent of taxes; especially if the government is going to continue to base it off income.

However, I do think that this country would be a lot better off from the bottom up if we had many, many, more millionaires and even more 500K-750K folks. A handful of multi-billionaires is not good in my opinion.

It is not my intention to preach. What do you think is the root cause of all those riots that are going on?

When LL speaks, it's like opening up a fortune cookie, and reading a goodin'

Without debt, how would money be created?
BTW any of you guys that think you aren't in debt must have missed the almost 27 trillion dollar and rapidly expanding US debt. That is 81,000 per citizen or better yet 214,000 per taxpayer. Figure in state and local debt plus unfunded liabilities and Mama Mia.

It is not my intention to preach. What do you think is the root cause of all those riots that are going on?