Solution to our debt.

[Admiral Rockwell Tory]

So what is the wealthy's fair share? Can you tell me?

Sure, it's more than whatever they are paying now. Raising the top rate just bumps up what their fair share should be.

How is that fair considering so many pay no federal income taxes at all?

It ain't fair at all. My point was that when you ask a liberal democrat what a wealthy person's fair share should be, they'll never give you an honest answer. No matter what the top rate is at any point in time, they always want more. If I'm not mistaken, every country that has UHC pays for it with a much wider tax base and I believe also a consumption or vat tax. And if the American voters want to pay the higher tax burden and spread it out to so everybody pays something, well so be it. Although the recent election does cast some doubt on the election integrity IMHO. I kind doubt the democrats have the guts to run on that, they'd rather lie to the public and tell them the rich guys can pay for it by just raising their tax rates. Which doesn't happen, and our national debt continues to increase.

Thanks! Now I see where you were going with that. My apologies!

 

[Andylusion]

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

 

[candycorn]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

 

[Andylusion]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

 

[Blues Man]

Cancel our debt to China as partial payment for the pandemic.

China only owns 1 trillion of our debt

 

[donttread]

Cancel our debt to China as partial payment for the pandemic.

Better yet that would destroy our credit that we clearly are too irresponsible to have and they COULD NOT borrow more. Win Win.

 

[candycorn]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

 

[Donald H]

Working people in America are being cheated out of a piece of the American pie and they have been conditioned and brainwashed into thinking that's acceptable.

Trump had succeeded in placing the blame on black Americans and not on the corporate billionaires where it belongs.

It's not going to get any simpler and straight forward to understand than that.

 

[donttread]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

 

[progressive hunter]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

yeah and hunter bidens agreement to buy 1.5 billion dollars of american tech companies didnt do anything for them,,

you got anymore stupid comments??

 

[candycorn]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

 

[progressive hunter]

it doesnt work like that...

Right, the way it works is, the US continues to sell out to China and keeps mounting debt exponentially, which further deludes the value of your own wealth as the economy continues to tank. Then when it implodes you blame Trump and the lack of a proper socialist dictatorship to stop it.

Trump contributed to the rise of China. He had his stuff made over there instead of hiring Americans.
You punished him by pledging your everlasting support.

That is the dumbest reply I've seen in this thread. Really? Really Candy? You actually think that if Trump sells 100 of his over priced ties, and button down business shirts in China, that that alone, in and of itself, caused the rise of China? Really Candy? REALLY?

He "contributed" to it?

Really? China had $2.6 Trillion in exports. Of that only $250 Billion were textiles. Of that only $1 Billion was men's suits. I wager that Trumps ties couldn't even be a high enough value in total exports, to even be counted.

If Trump had not done anything in China, no one anywhere, here or in China, would even have noticed it.

You people.... "Trump contributed to the rise of China." XD

Trump contributed directly to the rise of china.
Biden did not.

Sorry...those are the facts and they are not in dispute.

Contributed to the "rise of China" ? How. He actually took actions that no one in China's pocket would have done and in fact that no Mainstream president has even tried to do ( despite promises) in decades.Such as bring manufacturing home and not cow towing to China over their poor information on the virus. Another thing that no president has done in along time was to decrease our war presence. So what facts are you refrring to exactly?

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

and hunter biden could have worked for an american company,,, instead he chose to work for foreign countries his father the VP has ties to,,

 

[Donald H]

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

View attachment 441460

If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

Thanks for all the great financial advice!
But sorry, it doesn't work that way. If you want to learn of all the flaws in your strategy to get rich, just ask me. We Canadians do thing a little different up here and we do pretty well. We're #1 on quality of life while America has fallen to #15.

It's quite simple really but it needs explaining in phases so to speak. Each concept needs to be accepted step by step.

 

[progressive hunter]

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

View attachment 441460

If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

Thanks for all the great financial advice!
But sorry, it doesn't work that way. If you want to learn of all the flaws in your strategy to get rich, just ask me. We Canadians do thing a little different up here and we do pretty well. We're #1 on quality of life while America has fallen to #15.

It's quite simple really but it needs explaining in phases so to speak. Each concept needs to be accepted step by step.

the other day you said you were american,,
did you lie then or now??

 

[Donald H]

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

Capitalism doesn't work that way. A capitalist doesn't accept less profit when he can have more profit. To do so would be allowing social responsibility (socialism) to become a part of America's capitalism.

It's o.k. in Canada but that a long story and a different story. Ask me! Ask a commie!

 

[Donald H]

One cannot be a millionaire making a slave wage like $20 an hour. Not possible.

Sure they can. In fact, you can end up a millionaire making half that.

Lets say you don't go to college, and you get married, and start working at Walmart at age 20.

So lets do the math.

$10 an hour, is of course $400 a week. Let's say you put just 10% into stock mutual fund that gets about a 10% rate of return. I personally invest in 3 mutual funds that do 12%, 13% and 15% respectively. So 10% return on investment isn't difficult.

View attachment 441460

If you work consistently at Walmart for just $10/hour, from age 20 to 67, at age 67, you would retire with $2 Million dollars.

Of course this graph showing how much money you would have at retirement is completely inaccurate for two specific reasons.

Reason 1: Walmart has a 401K stock matching program, which matches dollar for dollar, the first 6% if your investment.

That means if you invested 10%, you would end up putting in not $40 a week, but rather $64 a week, or $256 a month.

You would end up not with $2 Million, but more like $3.3 Million.

Reason 2: Walmart specifically has a Walmart Employee stock purchase program, where you can buy Walmart stock at a very low price.

So when you add that benefit into the already massive $3 Million plus from your 401K... yes you can very easily end up a millionaire working for low wages.

Again... it's all in spending less money, than you make. It's that simple.

Thanks for all the great financial advice!
But sorry, it doesn't work that way. If you want to learn of all the flaws in your strategy to get rich, just ask me. We Canadians do thing a little different up here and we do pretty well. We're #1 on quality of life while America has fallen to #15.

It's quite simple really but it needs explaining in phases so to speak. Each concept needs to be accepted step by step.

the other day you said you were american,,
did you lie then or now??

You mean it was me who said I was an American?
I didn't even say I was a north American!

 

[candycorn]

He paid a factory in China to make his products. He could have accepted a smaller profit margin and paid Americans.

Capitalism doesn't work that way.

Neither does Trump.

A capitalist doesn't accept less profit when he can have more profit. To do so would be allowing social responsibility (socialism) to become a part of America's capitalism.

Your statement has no basis in reality.

It's o.k. in Canada but that a long story and a different story. Ask me! Ask a commie!

Ask a commie? Funny.

Trump could have decided not to enrich China by not having a clothing line if, as your fantasize, it must be made in China. Why didn't he? I'm asking a commie.

 

[Donald H]

Ask a commie? Funny.

Trump could have decided not to enrich China by not having a clothing line if, as your fantasize, it must be made in China. Why didn't he? I'm asking a commie.

Excellent! You've captured the concept of a difference between capitalism America style and capitalism Canadian style.

Trump could have decided to enrich America rather than China but that would have resulted in less profit for Trump.

Don't begrudge Trump just because he's Trump. He's a capitalist and we all subscribe to the capitalist system. That ends lesson #1.

I await your reply before we proceed to lesson #2. It gets more exciting and a little more complicated as we go along. It's going to eventually deal with the reasons why the OP is so wrong.

 

[candycorn]

Ask a commie? Funny.

Trump could have decided not to enrich China by not having a clothing line if, as your fantasize, it must be made in China. Why didn't he? I'm asking a commie.

Excellent! You've captured the concept of a difference between capitalism America style and capitalism Canadian style.

Trump could have decided to enrich America rather than China but that would have resulted in less profit for Trump.

Don't begrudge Trump just because he's Trump. He's a capitalist and we all subscribe to the capitalist system. That ends lesson #1.

I await your reply before we proceed to lesson #2. It gets more exciting and a little more complicated as we go along. It's going to eventually deal with the reasons why the OP is so wrong.

Good to see you admitted he enriched China.... Thus torpedoing your previous point.

 

[Donald H]

Good to see you admitted he enriched China.... Thus torpedoing your previous point.

How did I torpedo my point?
Look, between you and me, Trump's a filty pig psychopath in my opinion. But between others and me, Trump was cheated out of the presidency. I'm trying to be good for everybody.
Now, can we please get back to the topic and stay on topic?

Capitalists have no ambition of cutting their potential profits for sentimental reasons. Let that be lesson 1a.