1% Tax On All Bank Transactions HR4646

BudMcLovin

BudMcLovin

Active Member
UncleBuck said:
bullshit.

most wealthy people inherited it, married into it, or stole it.

the wealthy who actually earned it are the overwhelming minority of rich people.

as far as the op goes, nice chain email. it stands ZERO chance of passing.

some people are exceedingly poor consumers of information.:dunce:
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You should really do a little research instead of stating an opinion as fact.

"1. According to a study of Federal Reserve data conducted by NYU professor Edward Wolff, for the nation’s richest 1%, inherited wealth accounted for only 9% of their net worth in 2001, down from 23% in 1989. (The 2001 number was the latest available.)

2. According to a study by Prince & Associates, less than 10% of today’s multi-millionaires cited “inheritance” as their source of wealth.

3. A study by Spectrem Group found that among today’s millionaires, inherited wealth accounted for just 2% of their total sources of wealth."LINK
 
medicineman

medicineman

New Member
Bag Lady said:
I love rich people. I work at a business where all the clients are wealthy or the truly wealthy. If it wasn't for them I'd be hard pressed to make ends meet. When the rich spend money they really spend it, they buy American made because it is generally better made. Not like most people here who buys their stuff from Wal-Mart and that China made crap. When they buy boats they are custom made here in the USA. Planes here in the USA.

The average truly wealthy has a household staff of about 5 to 10. The Mr. and Mrs. each have personal assistants. Each home is fully staffed with an estate manager, executive housekeeper, 1 to 3 housekeepers, a landscaper, a personal chef that travels. There is usually a pilot, and a majordomo to coordinate all the locations.

Personal assistants about $30-50k if they don't travel. $70-100 if they travel and are certified.
Estate manager-$60-120k Professional certification. might need to travel
Executive housekeeper $50k+ professional certification or great references. Might need to travel.
Personal chef -$50-90k depending on skill and type of training. Might need to travel
housekeeper $30-45k depending on experience and references. no travel
landscaper $30-50k depending on experience and ability with irrigation and drainage. no travel
majordomo $80=150k+ most definitely travel.
Pilot $90k
Plus, all the other things that they require like flower arrangements, golf course memberships and all those jobs, parties and all those things needed are rented, fancy cars and all those jobs, restaurants and all those tips and jobs, dry cleaning, laundry services, etc.

Thank goodness for wealthy people they pay my bills. The most important thing to remember is that they EARNED it by being up at 4:30 am to get things done before the real day starts and finish long after you are home and having dinner. They went to college and applied themselves. And most importantly they created industries and businesses that gives you a job.
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More than half of the wealthy people inherited the some of their wealth. The top .4% inherited most of their wealth, and most people worth over 20 million got their start with inherited wealth. Wealthy people tend to marry wealthy people, keeping the wealth corraled in the top tier. Wealthy people may spend money on large luxury Items, but most are frugal when it comes to general spending, (Cheap). Giving tax breaks to the wealthy only takes that money out of circulation and adds to the hoarding of cash.
 
N

NoDrama

Well-Known Member
mame said:
Than what is, anyway? Are people fed up with historic health care reform? I fail to see how 30 million Americans getting health insurance is a bad thing. Obamas $800bil stimulus bill? saved/created 3mil jobs. Auto industry bailouts(which bush also supported)? Ford is showing record profits and the american car industry as a whole is doing it's best since 2002.

Do you prefer tax cuts (commonly for the rich) that prove to be just as costly as stimulus(possibly even more, the Bush tax Cuts cost an estimated 1-1.7trillion dollars) yet fail to match stimulus dollars, dollar for dollar in GDP(Obama's stimulus has tons of provisions worth $1.4-1.8 to every dollar spent, where the Bush tax cuts gave back U.S Citizens as low as 32 cents on the dollar? How about some more deregulation so the banks and international businesses can screw you as the custumer some more as well as cheat governments out of taxes they owe (see Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes).

Oh i forgot... THE FREE MARKET WILL FIX IT LOLOLLLLLL:wall::wall:
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You are very confused. Ford got ZERO bailout dollars ZERO NONE NADA ZILCH ZERO!!!! GM and Chrysler took the money and have yet to pay it back. Obama's stimulus bill saved 3 million jobs? Says who? Obama? My stimulus bill saved 120 million jobs, I did 40 times better than he did.

You can have 100 times more regulation and it still won't change a thing, the biggest banks and companies are immune to litigation. They have all the lawyers and judges in their pockets, everyone else gets "regulated" but they are left alone to do whatever they please. http://www.ritholtz.com/blog/2010/10/judge-cftc-corrupt-wendy-gramm-criminal/ They will never rule in a complainants favor--EVER. IE the big banks can do no wrong, even if it is outright fraud and theft. US Government regulators just sit in basements watching porn, they don't actually regulate anyone but the little guy who cannot fight back.


Free market? we haven't had one of those since the 70's.
 
ink the world

ink the world

Well-Known Member
MrDank007 said:
No small buisness here care to comment about why they are paralyzed with tax and insurance fear? Anyone here involved in any sort of market and pissed they can't make any money? Or is it all just the mentality that all rich people got an evil inheritance and I want them taken down a notch so I can get my hand out?
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Sure Ill comment for ya, I own a small business.

No, Im hardly paralyzed by fear by the taxes (Mine along w/ 97% of ALL AMERICANS went down thank you)or the Health Care bill. I helped my employees w/ insurance BEFORE the "Obamacare" discussion even started.Im not a greedy piece of shit, and I realize a healthy worker makes me more $ by actually doing work instead of being sick and broke from health care bills.

It has nothing to do w/ a "handout" it has to do w/ caring for your employees and their families. I guess Im a weird business person, I actually care about the people that make me $.

On the notion of "taking them down a notch", there may be some truth to it. As a small business owner Id like to see my taxes drop w/ the extension of the Bush tax cuts. Only problem is my business is actually "small" meaning I dont generate millions of $'s in revenue. I'm too small, im the average business owner. The Bush cuts are a joke, they dont constitute a "leveling" of the playing field, they just give more % to those that dont really have a need.
 
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