Jan 28th 2010 5:23PM A car that goes 1867MPH for $518K sounds like a bargain!
Sep 13th 2009 4:48PM America is built on the idea that hard work pays off. This bill should be the other way around. Increase the inheritance tax. Why? Those who have not worked hard do no deserve an extravagant lifestyle by those who did work hard.
Aug 20th 2009 7:47PM How hard have you worked to become a better person than your parents, to earn substantially more than they did? Think about all the steps you didn't have to take because those who came before you took them already. Who do you call to help your career out? Your H.S. / college classmates, your uncle, or maybe your mothers cousin or even your cousin? The pool the people like my friend can call is small, because he has garbage truck driver and bartenders in his social circle. How many steps do people like my friend have to go before they have even what you were born with?
The great news is that it is not impossible. My friend is moving on up, but our struggle is harder than my cousins (she will get an inheritance and my parents will give me nothing), and his is harder than mine.
Realize that complaining of taxes when your kids have some of life's finer luxuries when there are people out there like my friend who have to give up their chance to be like my parents, because they were born in in a different situation. This complaining can be called nothing else but whining. Take your whining else where is all I'm saying.
@C.S. I agree with you whole heatedly with your death and inheritance tax.
You lose the money because the supposedly rational you aren't rational, and do not know how to spend your money the best way. There's a revelation! This applies to government as well.
Aug 19th 2009 1:22PM Having family members that own aircraft, and vacation homes in some of the most sought after parts of the US, but also having family members that do not have wealth, but instead have garnered academic accolades from international magazines I have a different perspective. Those who I mentioned in my previous post, who only collect, shop, spend the minority of their time helping those in need and enjoying the sun the majority of the time, etc. are the problem. These people like my cousin who has managed to have her life style maintained (Porsche, trips all over the world, etc.) even after graduating H.S. without having a job are the problem. The idle rich are the problem just like the idle poor. These people like my cousin haven’t done anything do deserve that lifestyle other than being born and are even less special than the person I will talk about next.
A friend who is brilliant, hard working, and wants to have the lifestyle that I grew up with, and maybe provide this to his future kids but cannot get it going. Why isn’t he upwardly mobile? He was born into poverty, and has to help support his mom. This is what should be celebrated and nurtured. By the way he had to drop out of the United States Military Academy because his mother had cancer and needed to work to help pay for the treatments.
How do people stop others from being a golden goose? 1. They are not born. 2. Business compete vociferously to maintain their market share. Other reasons include the fact that 27.3 percent of hires have been referred, and if you don’t know anyone in investment banking, that great law firm, etc. it’s going to be harder to get that job. I’m more inclined to hire a person that I grew up with or their friend’s friend… as a matter of fact. So, I went in to speak to someone today about purchasing a product that I would like to bring to market. This person told me that he has built relationships with his provider; he was one of the first to use the product before it became the most popular product and therefore it gave him cache, told me that I had no credibility. He also told me some other stuff, but at the end of the day he was un willing to even look at it unless I had certain letters at the beginning of my name even though the product has been around for 300 year, and is being sold elsewhere for much cheaper. That my friend is an example of how people get shut out and not allowed to be golden goose. Another example is the start of Amazon. Bezos got $300,000 from his father. There is no way that business could have been started by someone who was making $30,000 a year. Blah blah blah
At the end of the day get a job work at something the majority of time. Help advance society in a positive way. Do not sit on your butt because you have money. That is my message to everyone.
Aug 18th 2009 7:14PM The evil in America is not socialism. The evil in America are those who are part of Richistan. Those people who complain about taxes being too high, but allow their children to drive around in BMWs, Mercedes, $70,000 Range Rovers. How may I ask are taxes too high if you can afford to do this? Some of these people are skirting the law are the same people who proclaim that unions are the devil and are paid too much, but then give themselves bonuses that they are contractually obligated to just like unions – so therefore they must pay them unlike unions, but have not earned them unlike like unions. These are the same people who see their pay accelerating at something like ten times the amount of front line employees. Give me a break socialism is hardly evil. High taxes evil hardly.
This country was founded because of rich oppressors and those who inherited their wealth not allowing others the opportunity to create. You know who you are: The people who shop all day and don’t have a job. The ones who say they work for (their family) foundations, but only devote 160 hours all year to it, and the rest of the time they are in St. Tropez. Those who buy $40,000 dresses to attend the West Palm Beach Red Cross ball and proclaim they make the world better in doing so, but give nothing other than paying the ticket price. The ball goers should show up in a $100 dress or less and given the red cross $39,900. Those who spend their days painting and collecting maps, because for some ungodly reason cannot think of any other way to advance humanity. You are the true oppressors. You are vampires. You are the ones that civilization should be afraid of. Sucking the life blood of America and destroying the dream that anyone can succeed, because you think you are the chosen people this self affirmation, and only choose those who are already part of your circle to acknowledge. The true Americans are those who work. The garbage collectors, janitors, truckers, taxi drivers, payroll clerks, teachers, etc. are the Americans that should garner accolades. So remember taxes are far from excessive when people can afford to purchase a Maltese Falcon yacht, have 100 pair of Jimmy Choo shoes, and pay for $500k cars.
@ C.S. there is always someone ready willing and able to replace you period Heck there are ~2.5 million college graduates EVERY YEAR I'm sure some of them would love to be the next golden goose.