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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: BWAC who wrote (158034)10/17/2008 12:15:39 PM
From: TheStockFairyRead Replies (1) of 306849
 
I woud pay 70% (I pay 42% now, state and federal from what I remember but it's more if we count in sales and property tax) if I had a governmental guarantee that my business would last forever and I would receive the same amount of income and profits. I'm willing to pay 90% in taxes if they agree not to confiscate my wealth through inflation. I was reading something from Keynes about the effects of long term compound interest and what was neat was the range of returns that was considered "dangerous ROI for savings" over the long term was 3% in the absence of inflation. I think that's what Franklin's ROI was for this Boston / Philly endowment.

The richest of the rich have time to consider the plight of the masses. They also have enough wealth that some are taking it seriously enough to try and impact the entire world as opposed to making a few of their offspring rich. Lower rich guys have bills to pay and have to make sure they don't screw up the returns on their investments or overspend. Affluent are essentialy working class people that need to get to a job to pay their bills and while they have savings and assets, they aren't enough to cover them forever.

Now, the middle class and the poor are always, and have always been in an intresting situation where for hundreds of years they were supposed to have supposedly risk free employment from the business class (where they never lose their job and they always have enough money to eat but they dont get much money in return). But that idea is long long gone and redistribution of wealth through taxation is just reimplementing an anchor on the earnings of the businessman.

So, as I understand my own personal situation, what I need to do is continue to earn money forever. no matter how much you make, you have to make more to cover the risk of taxation, confiscation (physical, think gold or property), or inflation.
I need to keep earning dollars in THAT DAYS dollar exchange price because my old dollars are worth less daily and the dollars I earn today will continue to fall in value.

Any of that make sense?
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