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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (57535)	4/5/2006 5:38:27 PM
From: shades	Read Replies (1) \| Respond to of 110194

fortunately for our tax coffers, many people still think the best thing is to make lots of money, The henry george folks are steaming mad about current tax structures - they want to tax the non producing money horders , land lorders and savers into oblivion and the working class pay nothing right? en.wikipedia.org I couple people on sci.econ usenet always go into outrage that we tax the golden goose that does all the work and lays the egg and not the evil giant hoarding them. and the next best thing is to spend it on expensive objects so that strangers will be properly respectful of your high salary and high station in life. HAHA true - but regli tells me things are a changin! Message 22326569 The car costs at least $180,000. The dealership also opened a Lamborghini showroom in January. It is true that Rolls-Royces aren't selling very well, but the main reason seems to be that Mr. Butler's customers don't feel comfortable being seen in a $300,000 car when the state is suffering so badly. "It's not that they can't afford it," he said. "It's because of the image it would give."

To: Wyätt Gwyön who wrote (57535)	4/5/2006 6:13:04 PM
From: GraceZ	Respond to of 110194

I did my time in six figures making everyone else rich, but I always held to the idea that if I invested half and lived on the other half no matter what I made that eventually my investment returns would out pace my ability to grow earned after tax income. We could have been featured in that book. I loved the book because it reveals what I see as a money manager, that so many of the "rich" aren't rich at all except in an overt showy way, the cars they drive, the expensive schools their kids go to, the houses they buy... but there is nothing behind the facade. Meanwhile some guy with a small biz who drives an old car and lives in a modest house, whose wife clips coupons is sitting on a huge pile with a quarter of the taxable income. Many years ago I had a funny moment while out to lunch with my accountant and a client (who also had the same accountant). She was taking us out for our yearly lunch at the most expensive place in town, a place I'll only eat at if someone else is paying. She is one of those people who belongs to all the right clubs, lives in the best, most expensive neighborhood, drives an 80k car and sends the kids off to only the most expensive schools. My client is a little like that, at least his wife is, he is only happy when he is paying as much as possible for something. At some point during the lunch, he asked me how it was that I managed to max out my two retirement plans every single year. I said, "Because I don't make as much as you." They both looked at me like I was nuts. I didn't say it that way to be flip, what I meant was that I was maxing them out because even the full 30% was not a very big figure and I wanted to put away as much as possible to grow tax deferred. He is one of those people who continues to think he can't save because he doesn't make enough. Meanwhile his income has continued to rise all the years I've known him and it is never "enough" to put anything aside.