How come most Americans are poor?

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Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: soulcougher73
Originally posted by: Vic
Originally posted by: soulcougher73
You know what i find funny about this and i only read to page 3. but everyone agrees American's are dumb with money and rack up debt left and right and live outside their means. But then you say we should be in charge of our own money on retirement etc.

You people are smoking something LOL. Americans as whole are dumb with money. Taking it from them for socail programs/retirement is a much better idea then to let them try to figure it out on their own. Again this is a whole. Im sure plenty people would do fine managing their own money. If they left it to every American to do what they wanted with their money for retirement we would be one backrupt country in about 50 years.

And yes im an American in the 40k bracket and i dont live outside my means(much) LOL.

If Americans are dumb with money "as a whole," then how is it then that if we left every American to do what they wanted with their money we would be bankrupt in about 50 years? And how is then that social programs will help us when government IS the people and the people are "dumb with money" "as a whole"? And of course, you don't suffer from the social ill that you accuse the rest of us "as a whole" of suffering from. "LOL"

:roll:

Wow....

Well once people got to the retirement age and realized they didnt have any money and the government didnt have any to give you since you didnt pay into it. We would have a hugre influx of homeless people. Which then the goverment would want to figure out how to help them and its a big vicious circle LOL. I am not great with money i admit it. But im glad we have social security to back us up when im at a retirement age. Assuming it is still around by then.

It never ceases to astound me that people this stupid actually exist. LOL.
 

exdeath

Lifer
Jan 29, 2004
13,679
10
81
Originally posted by: malG
Originally posted by: Vic
Originally posted by: malG
Originally posted by: bobsmith1492
Originally posted by: malG
Originally posted by: Blazin Trav
if you do computer consulting you can make $20 an hour, easily.

Only $20 an hour? That's pathetic, our local garbo (garbage man) makes more than that!

You guys are soooo underpaid :p

So... what is the incentive to train yourself to be a computer consultant rather than a garbageman if they make the same amount? Artificial wage-leveling reduces incentive to obtain higher-level education and work skills.

I don't know where you come from but in Australia a junior computer consultant would probably earn >$40 an hour. A senior computer consultant/analyst/programmer can probably earn >$60 an hour. Hence there is incentive to train yourself for better jobs.

Except that $40 AUD converts to $32 USD. Which would still sound nice, except that the cost of living is sky-high in most of Australia by US standards. Meaning that, even adjusted for the exchange rate, everything still costs more.

Maybe your socialist government should start teaching basic economics along with all those other "generous" things it does?

Yes, cost of living is expensive in major cities like Sydney or NYC but isn't that like most major cities?

I live in Perth, Western Australia where the cost of living is very moderate.

Ever heard of the expression "there is no such thing as a free lunch" ?

Somewhere, there is someone in Australia who is trying to put in extra hours to save up to move their family into their first new house. All is good and well until that person finds out that because he made slightly more from all those weeks of overtime, his taxes went up, so he actually took home LESS despite working 10 hours more per week. Even though he only earns $30-40k he is being penalized for being one of the 'evil rich'.

And the kids making $18 an hour flipping burgers only think they are sticking it to Bill Gates....

There will be a time where you are working your ass off to save a few extra bucks for a new house or a new car. When you get that paycheck that has more hours and more gross pay, but you actually take home less, you will realize that you've just become one of the evil rich people you despise, and only then will you understand why your ideas are wrong.
 

voodoodrul

Senior member
Jul 29, 2005
521
1
81
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t. The "working poor" in America make an average of $40k/yr. USD (which let me explain, because you have already proven to be ignorant of exchange rates, is 267% higher than the minimum wage). Which BTW only about 1% of America's workforce make the minimum wage, of which most those are under the age of 25.

I love the "it's the opposite in Australia" line. So everyone there makes above-average incomes, eh? ;)

Fsckin' hilarious.

$40k/yr is "working poor"? That's an effing dream job for everyone I know. Hell, my latest programming job wants to start me at $32,500, and that's after talking them up quite a bit. It is widely accepted fact that the upper 1% of just about any country account for the largest slice of the pie. Bill Gates alone skews the curve. Add in hundreds of other multi-billionaires and you see that it takes a lot of people making minimum wage to average it all out. That's how it works. Come up with some of your own facts and figures to prove him wrong. That's a lot more useful.
 

zinfamous

No Lifer
Jul 12, 2006
111,889
31,410
146
Originally posted by: Chaotic42
Originally posted by: malG
Why so much aid to Israel and why not help poor Americans?

Probably because Israel is an ally in a very resource-rich but hostile area. We really need someone to come along and push for the development of fuel-cell technology and fusion power. Then we can pull out of the Middle East and let them be.

Melatonin must be kicking in. ;)

couldn't agree more. too bad that those who elect to give so much aid to Isreal, in hopes of protecting their own personal interests in the process, have no desire to allow the development and implimentation of such technology.
 

malG

Senior member
Jun 2, 2005
309
0
76
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t.

Look idiot, here's your link: http://en.wikipedia.org/wiki/Gini_coefficient

There's a clear disproportionate amount of poor people in US, there's also the highest number of billionaires.

Now f*** off :p

 

imported_Tango

Golden Member
Mar 8, 2005
1,623
0
0
Originally posted by: malG
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t.

Look idiot, here's your link: http://en.wikipedia.org/wiki/Gini_coefficient

There's a clear disproportionate amount of poor people in US, there's also the highest number of billionaires.

Now f*** off :p

Hum... How about a ban?
 

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
31,796
2
0
Originally posted by: voodoodrul
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t. The "working poor" in America make an average of $40k/yr. USD (which let me explain, because you have already proven to be ignorant of exchange rates, is 267% higher than the minimum wage). Which BTW only about 1% of America's workforce make the minimum wage, of which most those are under the age of 25.

I love the "it's the opposite in Australia" line. So everyone there makes above-average incomes, eh? ;)

Fsckin' hilarious.

$40k/yr is "working poor"? That's an effing dream job for everyone I know. Hell, my latest programming job wants to start me at $32,500, and that's after talking them up quite a bit. It is widely accepted fact that the upper 1% of just about any country account for the largest slice of the pie. Bill Gates alone skews the curve. Add in hundreds of other multi-billionaires and you see that it takes a lot of people making minimum wage to average it all out. That's how it works. Come up with some of your own facts and figures to prove him wrong. That's a lot more useful.

You live in Montana. $32,500 in Montana is probably about equivalent to $40k and up in other places.
 

slsmnaz

Diamond Member
Mar 13, 2005
4,016
1
0
Originally posted by: malG
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t.

Look idiot, here's your link: http://en.wikipedia.org/wiki/Gini_coefficient

There's a clear disproportionate amount of poor people in US, there's also the highest number of billionaires.

Now f*** off :p

From your link:

The Gini coefficient measured for a large economically diverse country will generally result in a much higher coefficient than each of its regions has individually. For this reason the scores calculated for individual countries within the EU are difficult to compare with the score of the entire US.
 

imported_Tango

Golden Member
Mar 8, 2005
1,623
0
0
Originally posted by: malG
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t.

Look idiot, here's your link: http://en.wikipedia.org/wiki/Gini_coefficient

There's a clear disproportionate amount of poor people in US, there's also the highest number of billionaires.

Now f*** off :p

I already explained this to you some 10 pages ago, and invited you to discuss the political economy implications of different wealth distributions. Instead, I guess for lack of knowledge, you prefer to randomly insult people.

I reiterate my invitation to discuss the issue, if your economics knowledge is good enough. I'll be happy to help you understanding what obviously you still do not know.
 

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
31,796
2
0
Originally posted by: malG
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t.

Look idiot, here's your link: http://en.wikipedia.org/wiki/Gini_coefficient

There's a clear disproportionate amount of poor people in US, there's also the highest number of billionaires.

Now f*** off :p

That sure is a lot of math to essentially point out wealth-envy.
 

voodoodrul

Senior member
Jul 29, 2005
521
1
81
Originally posted by: exdeath
Ever heard of the expression "there is no such thing as a free lunch" ?

Somewhere, there is someone in Australia who is trying to put in extra hours to save up to move their family into their first new house. All is good and well until that person finds out that because he made slightly more from all those weeks of overtime, his taxes went up, so he actually took home LESS despite working 10 hours more per week. Even though he only earns $30-40k he is being penalized for being one of the 'evil rich'.

And the kids making $18 an hour flipping burgers only think they are sticking it to Bill Gates....

There will be a time where you are working your ass off to safe a few extra bucks for a new house or a new car. When you get that paycheck that has more hours and more gross pay, but you actually take home less, you will realize that you've just become one of the evil rich people you despise, and only then will you understand why your ideas are wrong.

You realize this is bullshit right? Taxes are a sliding scale and always a fractional percentage of what you make. Sure, there are different brackets, but almost never can you work enough extra hours to see fewer net dollars in the check. Either way, if you hit a max of 50% taxation on the few dollars you earned in the overtime you work on your $200,000+/year job, you still get at least 50% of that money net. Taxation doesn't snap between brackets until you net less money..

Besides, the problem with the rich is that they, under the guise of "generosity", give away large sums of money to charity, which is only a tax writeoff, followed by large kickbacks from the charity itself and it's businesses. Bill Gates doesn't hand out cash because he really wants to. It's purely business.
 

mercanucaribe

Banned
Oct 20, 2004
9,763
1
0
$40k is not working poor. That's 33% more than I make, which is about $15 an hour if I work 40 hours a week. Minimum wage is $5.15...
 

voodoodrul

Senior member
Jul 29, 2005
521
1
81
Originally posted by: Queasy
Originally posted by: voodoodrul
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t. The "working poor" in America make an average of $40k/yr. USD (which let me explain, because you have already proven to be ignorant of exchange rates, is 267% higher than the minimum wage). Which BTW only about 1% of America's workforce make the minimum wage, of which most those are under the age of 25.

I love the "it's the opposite in Australia" line. So everyone there makes above-average incomes, eh? ;)

Fsckin' hilarious.

$40k/yr is "working poor"? That's an effing dream job for everyone I know. Hell, my latest programming job wants to start me at $32,500, and that's after talking them up quite a bit. It is widely accepted fact that the upper 1% of just about any country account for the largest slice of the pie. Bill Gates alone skews the curve. Add in hundreds of other multi-billionaires and you see that it takes a lot of people making minimum wage to average it all out. That's how it works. Come up with some of your own facts and figures to prove him wrong. That's a lot more useful.

You live in Montana. $32,500 in Montana is probably about equivalent to $40k and up in other places.

Average house prices would disagree. Cost of living here is high, even on a national scale:

Missoula Median House Prices


The report also made clear the income disparity between homeowners and renters; it pointed out that the median income for Missoula County's homeowners was $54,710 - more than double that of renters, which was $21,570.

While the region's per-capita income has been rising 2 percent a year, to more than $30,000 at last count, the number of households living below the federal poverty level has also been increasing. As it stands, some 15 percent of households in Missoula County live below that threshold.

And this in a town where 38% of the population has at least a bachelor's degree.
 

slsmnaz

Diamond Member
Mar 13, 2005
4,016
1
0
Originally posted by: voodoodrul

Besides, the problem with the rich is that they, under the guise of "generosity", give away large sums of money to charity, which is only a tax writeoff, followed by large kickbacks from the charity itself and it's businesses. Bill Gates doesn't hand out cash because he really wants to. It's purely business.

While that might be true of some, it's very hard to cover everyone with that statement. I would say the majority do it because they feel it's right. Others because of the insane guilt factor wealth in the US seems to bring.

 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: voodoodrul
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t. The "working poor" in America make an average of $40k/yr. USD (which let me explain, because you have already proven to be ignorant of exchange rates, is 267% higher than the minimum wage). Which BTW only about 1% of America's workforce make the minimum wage, of which most those are under the age of 25.

I love the "it's the opposite in Australia" line. So everyone there makes above-average incomes, eh? ;)

Fsckin' hilarious.

$40k/yr is "working poor"? That's an effing dream job for everyone I know. Hell, my latest programming job wants to start me at $32,500, and that's after talking them up quite a bit. It is widely accepted fact that the upper 1% of just about any country account for the largest slice of the pie. Bill Gates alone skews the curve. Add in hundreds of other multi-billionaires and you see that it takes a lot of people making minimum wage to average it all out. That's how it works. Come up with some of your own facts and figures to prove him wrong. That's a lot more useful.

According to the census bureau Text, the median household income in the US was $46,326 (if you're unaware BTW, using the median takes out the weighted average effect of the Bill Gates-ers). $40k is only an "effing dream job" if you're in your 20's.
According to Forbes, there are 160 "multi-billionaires" in the US, including families.
According to the UN, Australia has Gini index of .352, while the US Gini is .408 Text. While the Autralian number appears better, both countries actually rank about middlin' from the global perspective.

Are those facts and figures enough for you?
 

exdeath

Lifer
Jan 29, 2004
13,679
10
81
Originally posted by: voodoodrul
Originally posted by: exdeath
Ever heard of the expression "there is no such thing as a free lunch" ?

Somewhere, there is someone in Australia who is trying to put in extra hours to save up to move their family into their first new house. All is good and well until that person finds out that because he made slightly more from all those weeks of overtime, his taxes went up, so he actually took home LESS despite working 10 hours more per week. Even though he only earns $30-40k he is being penalized for being one of the 'evil rich'.

And the kids making $18 an hour flipping burgers only think they are sticking it to Bill Gates....

There will be a time where you are working your ass off to safe a few extra bucks for a new house or a new car. When you get that paycheck that has more hours and more gross pay, but you actually take home less, you will realize that you've just become one of the evil rich people you despise, and only then will you understand why your ideas are wrong.

You realize this is bullshit right? Taxes are a sliding scale and always a fractional percentage of what you make. Sure, there are different brackets, but almost never can you work enough extra hours to see fewer net dollars in the check. Either way, if you hit a max of 50% taxation on the few dollars you earned in the overtime you work on your $200,000+/year job, you still get at least 50% of that money net. Taxation doesn't snap between brackets until you net less money..

Besides, the problem with the rich is that they, under the guise of "generosity", give away large sums of money to charity, which is only a tax writeoff, followed by large kickbacks from the charity itself and it's businesses. Bill Gates doesn't hand out cash because he really wants to. It's purely business.

Don't you dare tell me thats bullshit, my fiance and I have the check stubs to prove it. We both took home LESS than we were used to after working more to put away for a down on a house. The difference was in the taxes, which would later bite us in the ass again at the end of the year. We had to sit down and mathematically manipulate the system so that we could work enough to make the extra money we wanted, but not an hour more than neccessary, in order to keep the tax down. Despite working more hours, I found myself leaving early on Friday so I didn't work TOO much. Way to stiffle productivity and make someone pay for their success. It's harder for people to work and buy things for themselves when you force them to pay for somebody elses ineptitude.

And for someone who has a problem with the military, etc, wouldn't you rather that Bill Gates send his money directly to a REAL CHARITY that has a reputation for helping people instead of letting the government take it and spend it on wars and welfare for illegals or limos for politicians? Whats the problem if the money goes from the wealthy directly to the needy without the government getting its piece of the pie first?
 

voodoodrul

Senior member
Jul 29, 2005
521
1
81
Originally posted by: Vic
According to the census bureau Text, the median household income in the US was $46,326 (if you're unaware BTW, using the median takes out the weighted average effect of the Bill Gates-ers). $40k is only an "effing dream job" if you're in your 20's.
According to Forbes, there are 160 "multi-billionaires" in the US, including families.
According to the UN, Australia has Gini index of .352, while the US Gini is .408 Text. While the Autralian number appears better, both countries actually rank about middlin' from the global perspective.

Are those facts and figures enough for you?

The U.S. Census Bureau shows household incomes in the county can be grouped into three major brackets: households earning $60,000 to $74,999, households earning $25,000 to $29,999 and those earning less than $10,000. Interestingly, the MOR report found that these peaks correspond with three major employment groupings: professionals, service sector employees and retirees/students.
 

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
31,796
2
0
Originally posted by: voodoodrul
Originally posted by: Queasy
Originally posted by: voodoodrul
Originally posted by: Vic
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

It does not escape notice that you have posted no links to back up this claim. And why haven't you? Because it's utter bullsh!t. The "working poor" in America make an average of $40k/yr. USD (which let me explain, because you have already proven to be ignorant of exchange rates, is 267% higher than the minimum wage). Which BTW only about 1% of America's workforce make the minimum wage, of which most those are under the age of 25.

I love the "it's the opposite in Australia" line. So everyone there makes above-average incomes, eh? ;)

Fsckin' hilarious.

$40k/yr is "working poor"? That's an effing dream job for everyone I know. Hell, my latest programming job wants to start me at $32,500, and that's after talking them up quite a bit. It is widely accepted fact that the upper 1% of just about any country account for the largest slice of the pie. Bill Gates alone skews the curve. Add in hundreds of other multi-billionaires and you see that it takes a lot of people making minimum wage to average it all out. That's how it works. Come up with some of your own facts and figures to prove him wrong. That's a lot more useful.

You live in Montana. $32,500 in Montana is probably about equivalent to $40k and up in other places.

Average house prices would disagree. Cost of living here is high, even on a national scale:

Missoula Median House Prices


The report also made clear the income disparity between homeowners and renters; it pointed out that the median income for Missoula County's homeowners was $54,710 - more than double that of renters, which was $21,570.

While the region's per-capita income has been rising 2 percent a year, to more than $30,000 at last count, the number of households living below the federal poverty level has also been increasing. As it stands, some 15 percent of households in Missoula County live below that threshold.

And this in a town where 38% of the population has at least a bachelor's degree.

I'm talking salary-wise. Not cost-of-living wise. Just went to a site to do a salary comparison for a Programmer I and compared it to Atlanta. Median salary in Missoula for a Programmer I is $40,000. In Atlanta, it is $52,000.

You're how old? Around 25 from what you posted earlier I believe. Know how much I made at 25 living in Atlanta? $35k. Worked hard and was bumped up to $55k within two years and I'm making more than that now.

Wealth in this country is not a zero-sum game. Just because Bill Gates and others make billions of dollars doesn't mean you are stuck making less than $40,000 your entire life.
 

K1052

Elite Member
Aug 21, 2003
53,035
47,128
136
Originally posted by: slsmnaz
Originally posted by: voodoodrul

Besides, the problem with the rich is that they, under the guise of "generosity", give away large sums of money to charity, which is only a tax writeoff, followed by large kickbacks from the charity itself and it's businesses. Bill Gates doesn't hand out cash because he really wants to. It's purely business.

While that might be true of some, it's very hard to cover everyone with that statement. I would say the majority do it because they feel it's right. Others because of the insane guilt factor wealth in the US seems to bring.

Our nation's wealthiest people have a long history of philanthropy. Gates is our era's Rockefeller. Most of them are smart enough realize that there is no point in hoarding it indefinitely since you can't take it with you.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: Queasy
You live in Montana. $32,500 in Montana is probably about equivalent to $40k and up in other places.
There's a wide disparity, both income and cost of living, between western and eastern Montana. The sad fact is that voodoodrul lives in an area where the rich have flocked to and bought up properties, creating significant income disparities. I love western Montana for its beauty, but it's a sad reality that the natives there are mostly poor servants to wealthy that visit their ranches 6 months out of the year.
 

voodoodrul

Senior member
Jul 29, 2005
521
1
81
Originally posted by: exdeath
Don't you dare tell me thats bullshit, my fiance and I have the check stubs to prove it. We both took home LESS than we were used to after working more to put away for a down on a house. The difference was in the taxes, which would later bite us in the ass again at the end of the year. We had to sit down and mathematically manipulate the system so that we could work enough to make the extra money we wanted, but not an hour more than neccessary, in order to keep the tax down. Despite working more hours, I found myself leaving early on Friday so I didn't work TOO much. Way to stiffle productivity.

And for someone who has a problem with the military, etc, wouldn't you rather that Bill Gates send his money directly to a REAL CHARITY that has a reputation for helping people instead of letting the government take it and spend it on wars and welfare for illegals or limos for politicians? Whats the problem if the money goes from the wealthy directly to the needy without the government getting its piece of the pie first?

I don't buy it without figures. Besides, even if you peak and make extra money for a month or two, at the end of the year, that extra taxation is leveled out. You are taxed on your final yearly income, not the predicted income from those short peaks. You should get almost every bit of that extra tax back. Either way, I don't care. The point is there is a huge difference between you working overtime and the taxation of the rich. You aren't dodging taxes with massive writeoffs for your new business developments or your "charitable contributions".
 

exdeath

Lifer
Jan 29, 2004
13,679
10
81
Originally posted by: Toastedlightly
Is 32k a year poor for a family of 7?

Not if you had a house that was paid off, no car payments, didn't eat out every night, etc.

It's been said 1000 times in ATOT. It's not what you make, it's how you spend it.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: voodoodrul
Originally posted by: Vic
According to the census bureau Text, the median household income in the US was $46,326 (if you're unaware BTW, using the median takes out the weighted average effect of the Bill Gates-ers). $40k is only an "effing dream job" if you're in your 20's.
According to Forbes, there are 160 "multi-billionaires" in the US, including families.
According to the UN, Australia has Gini index of .352, while the US Gini is .408 Text. While the Autralian number appears better, both countries actually rank about middlin' from the global perspective.

Are those facts and figures enough for you?

The U.S. Census Bureau shows household incomes in the county can be grouped into three major brackets: households earning $60,000 to $74,999, households earning $25,000 to $29,999 and those earning less than $10,000. Interestingly, the MOR report found that these peaks correspond with three major employment groupings: professionals, service sector employees and retirees/students.

How is that "interesting"? That would be like saying that it is "interesting" that the sun is going to rise tomorrow.
 

malG

Senior member
Jun 2, 2005
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Originally posted by: vi_edit
Originally posted by: malG
Originally posted by: Vic

America has the 3rd-highest GDP per capita in the world.

The reason behind that is because the top 1% of the super rich in USA makes more money than the rest of the country. The fact is, most Americans are low income earners, it's the opposite in Australia.

In other words, the US system favours the rich. The working poor who mostly survive on pathetically low minimum wage make the rich richer.

If the US favors the rich, then how come the median home prices in Australia are $355,000

http://www.abs.gov.au/AUSSTATS/abs@.nsf...B70579A67CA25715C001A3C71?OpenDocument

But the US is only $167,500?

http://factfinder.census.gov/servlet/AD...e=ACS_2005_EST_G00_&-_lang=en&-_sse=on

Who has a better chance of owning their own home?

US home ownership: 66%

AU home ownership: 70%

The facts and figures are clear, the average Australian has a better chance of owning a home.