"It doesn't pay to make money anymore. It doesn't pay to work hard, invest or strive for a better life. As soon as you do, there's someone waiting for you up at the top to take it all away. 'Wealth Redistribution', that's the new name Obama has come up with. I caught onto this new reality in 2001. The dot com disaster was the second financial downturn I suffered in my lifetime. Wall Street was corrupt then as it is now. I had come to the conclusion that the cards were always going to be stacked against me. In order for someone to make money in Wall Street, somebody else has to lose it. I drew a line in the sand: next time the loser was not going to be me. (and there will always be a next time)
Credit, debt, loans and living above your means is the real culprit. Once I downsized and eliminated all debt from my life, including mortgages, car loans, credit cards and what-have-you from my life (it took a few years) my life balanced out. I buy what I need and I need what I buy. All with cash. Not owning and wanting more stuff meant I didn't have to work as hard or longer hours or for more money. Earning less money means paying less in taxes. Paying less in taxes means I can keep what I earn. Provided I don't earn that much. Ah, socialism! I can smell you now."
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5 comments:
Our Money: I have been with you from the start of this blog until this posting. I have almost been impressed by your "articles" but in my humble opinion, this is one of the most insane things I have ever read. Are you sure that YOU wrote this because it doesn't sound like your other postings? Maybe I am missing something...if so please enlighten me....if not I am out of here for good!
You will notice that it is in quotes from start to finish. This was sent to me via another individual. Part of the mission of this blog site is educational. Create thought, cause one to ponder, and conversation among all. This was not posted to offend anyone.
I forgot to post the source and will do better job from this point forward on such issues.
Our Money: My apologies. I did not see the quotation marks and I did not realize that you were quoting someone else. As I said, I've been with you from the start of this blog and I did not think this kind of attitude reflected your ideas, objectives, etc., so I was really bothered. Thank you for clarifying the posting. And, yes, contributing remarks to a source would be most helpful...then you wouldn't get dummies like me getting so upset! lol Take care.
When I first read the featured post I thought that the quoted article was interesting, but not directly related to the main purpose of this blog. I just considered the post as something to get some dialog started.
When I reread the quoted article, I could see some good ideas. Certainly, paying less tax could lead to good outcomes. Paying less tax might require tax dependent entities to become more cost effective in their operations. This is related to the main purpose of this blog.
Staying debt free and paying less tax are good ways to take some of the pressure off workers to make more money. Just by staying debt free and contributing the maximum amount to tax sheltered accounts makes this possible. I can see how the biases of the writer might lead the writer to his conclusion, related to socialism, if certain trends continue.
It is interesting how people can draw different conclusions from the same information. It is interesting how some of us see possible relationships given the same information. We should all be aware of our biases and our differences in thinking. We should try to have give and take discussions before dismissing the conclusions of one another.
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