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Originally posted by INc2006
i'm not an economics proffessor or a proffessor in governement policy, government flaws, whatever etc. i'm actually still in Highschool, but i read a lot. anyhow, it's true the governement in the US builds roads gives subsidies, etc. but all is payed back, education loans are all paid back by the people who take them and sometimes with full interest, grants for education are mostly granted to the people with higher grades(GPA over 3.5 in college and highschool), as for roads there are toll ways etc. of course paying 75 cents to cross a bridge or so isn't much, but imagine how many people cross that bridge everyday, and everyday they have to pay, i wouldn't be surprised if the US governement makes the price of a highway, or bridge, etc. it builds in less than 3.5-7 years, which isn't bad, as a successful bussiness usually makes it's start up costs and all in at the most 7 years, otherwise it would be inefficient for a longer time period, not necessarily unsuccessful.
anyhow, all i'm saying is the US governement doesn't give enough back to the population that are paying taxes, and the fact that big corporations in the US are getting tax reliefs and even without the tax reliefs are not paying as much tax as they should(a corporation gets to spend first and pay taxes later, meaning if the corporation spend all it's income on research or whatever it won't get taxed, because it's recorded income would be 0!).
Originally posted by HowlrunnerIV
It may be true, White Chapel, that there is a government agency to help you out of any situation, pretty much as in Oz, but when 90% of the wealth is held by less than 10% of the people there is a problem.
When you can work hard every day of your life and still not have anything at the end of it, there is a problem.
This guy had an interesting epiphany...
Muhammad Yunus of the Grameen Bank...
en.wikipedia.org... and
www.grameen-info.org...
www.gfusa.org...
edit: urls
[edit on 19-7-2006 by HowlrunnerIV]
[edit on 19-7-2006 by HowlrunnerIV]
Originally posted by White Chapel
What do you mean? I'm not the top 10% and I own a house and two cars and have a great family and plenty of friends. When you say "have nothing to show for it"...what does that mean? You want a yacht? A castle? Who needs those things. I'm not sure I understand the gripe. Plus, what good does having things at the end of your life do you anyway? Think you can take it with you? I don't understand how anyone can look at the situation and not see opportunity and success stories everywhere you look. I love America, couldn't imagine being anywhere else, and my family immigrated from Hungary.
Plus, where did you get the figure that 10% of people own 90% of the wealth? I'm not saying its wrong, I'm just curious...plus, I doubt its accurate unless they are counting children in the other 90%.
Originally posted by White Chapel
What do you mean? I'm not the top 10% and I own a house and two cars...
Originally posted by INc2006
now lets turn this the other way around, if the government keeps it's hands in the basic needs of the individual, as i said before the poor and middle class will get richer, while the rich don't get too rich, now that might slow the economy for 3-5 years, but long-term you'll have better growth. and the people will lighten up, why because they will know that there are many ways the government is protection there rights and giving them ways to improve. and they will find out the way to true success.
ok now i'm losing track of what my first point was, but here's what i will conclude with:
the governemtn should keep it's hands in the basic needs of the individual, in order to preserve there rights, nad in sure that they have a straight path to true success, without having to be a slave to the corporation all thier life, and in the end living a life without substantial debt. and this way the corporations won't be too powerful, and sooner or later you'll have an unaccountable poor class, a great substantial middle class that will be closer to the rich than the poor, and a rich class that won't be too powerful. basically a perfect blend of capitalism and socialism, a perfect democracy, and a near perfect society in terms of economics and rights and freedom.
Originally posted by INc2006
now as for your last post, i understand American people are living very well, but they don't have the same "Standard" of living that many europeans and 3rd world people have, like me i just came from jordan 2 years ago, it's true i'm earning more money, my brother is earning more money, so is my father, but now i'm living in a 1500 sq. ft. -1650 sq.. ft. home, when i used to live in a 2750 sq. ft. - 3000 sq. ft. house, for only about 550 $ a month, when i'm not paying 750$ in mortgage payments right now for this smaller house i'm living in.
also many americans are working longer and harder than most europeans for less or equal money. now you might say success, but i don't think having thousands in debt at the end of your life is success, even though you lived a rich life, with a big house, a fancy car etc. you see it's true you lived with a nice income every month and year, but as long as your working for somebody, especially one of those big corporations, your a slave to the corporation. to me this is the typical success story: "you go to college, get an education, you work for a company for 2-3 years, you learn the bussiness, you get out of the company, you might want to work some more, but work to learn not working for job security or the money, save up a lot of that your making(if you make 70k a year, save 20k-30k a year), all this should be happpening in your 20's, now as soon as you have enough to buy a corporation, you look for a good one, you can buy apartments, or real estate, or anything. or instead of a corporations, buy stocks, bonds, tax lien certificates, some mutual funds, but don't go safe, do your homework, get some help from a good stock broker, but make an interview, find somebody who you can actually trust to know what he-she's talking about, and then you might make 50% a year, who knows if you hit some luck making 100% and 200 % a year, you buy some real estate that will make you money so you have a big base of ASSETS, no liabilities, and in the end, you'll have a big ammount of assets, little or no liabilities, investments that make you money, you can even hiree people that will help you manage your assets, so you don't have to "fix toilets", have to completyely manage inhancement or reestablishment of your real estate, or manage day-today finances, and you'll probably have early retirment guaranteed, and financial independence, and you won't be working all your life for a corporation or a bank to make payments, and you will be living like the rich, because you will pay less taxes, you will ahve a big house a fancy car, no debt, etc...." that's a success story, , and that is what the middle class don't know because they have clouded judgement, they don't realize the possiblities for true success, or rather they don't realize what true success is, and that's what keeps them in the "middle class" and theyre not getting richer, but poorer and loaded with more debt. paying the rich, and missing out on there own opportunitinies, because they're always afraid of the corporation, and afraid that a collection agency will one day knock on thier door.
Originally posted by White Chapel
I don't think you can make the assumption the the gap in income means that the lower 80% have a lower quality of life than they did 20 years ago.
All it really means is that the top people are making more money, and there's nothing wrong with that.
I would prefer the US system to any socialist or fascist system out there that tries to equalize everyone.
Quality of life is tough to measure, but some people try. The Economist has an index and the US ranks 13th in the world, I'm not sure I buy the reliability of the index since Ireland is first, I like Ireland but I wouldn't call it the best quality of life.
It also notes that the US has the number 2 GDP per person in the world. You can see it here:
The Economist quality of life index
There is also the United Nations Human Development Index which has the United States 10th, but all the top countries are bunch together essentially. You can find it here:
Human Development Index
If you look at the historical data, the US has actually improved since 1990 (which is the oldest I could find, although I do know that Switzerland was the leader in 1980) so I'm not sure your conclusions really hold water.
The truth is life gets better for every first world country as the years go by.
The air gets cleaner, people live longer, people get wealthier, more diseases are cured. With all due respect, I think your post is innacurate.
Since you're in high school, I will forgive you for not knowing. I don't believe there are any federal toll roads, I believe the states decide whether to put up a toll road. The federal government, I believe, has followed precedent set by President Monroe in 1822 to not charge for federal road use (someone correct me if I'm wrong, this may have changed or be changing in the future). If you use a toll road to get to work, you can also deduct it from your taxes.
Plenty of farmers that can't make a living because the price of produce is so low exist on federal subsidies, otherwise people wouldn't be able to afford to grow all the food we shove in to our pie holes.
I also suggest you look up PELL grants and SEOG grants, those are federal student grants given to people who need them for education. They are completely free, you don't pay them back.
The federal loans you are referencing are also a great deal though, as the interest rate is much lower than market value and you don't pay them back until 6 months after you graduate. Some of them even have the interest subsidized, which means you don't accrue interest on your loan, making it essentially free money (the concept of what is more valuable, a dollar today or a dollar tomorrow?).
In addition to the those programs, many states also subsidize education. For instance, I live in Illinois and every full time college student gets whats called the Illinois MAP grant for college. It gives every student $5000 each to go to school, absolutely free, as in no paying back.
I can't believe I even have to mention it, but the US government is also the worlds largest employer, keeping all those people in jobs. They in turn make money and spend money on houses, boats, cars, etc. which keeps the economy running. That's your taxes dollars at work as well.
I too think corporations should be paying more taxes, but rewarding them for research and development is exactly what you need to be doing in a free market economy.
I'd much rather Pfizer spends their money on developing a cure for cancer than paying taxes.
I don't believe in an income tax anyway, but that's a seperate post.
I don't mean this insultingly but I think you have a little bit more living and learning to do before you make assumptions about the US vs. other tax systems. It's the largest economy and the only superpower in the world, it has to be doing something right.