Quote Originally Posted by Kenyth
I don't know about %50. That sounds like an inflated figure.

What we need to do is centralize a taxation point. Income is a good one. By taxing on multiple levels of activity, you get unfair taxation based on what you do rather than what you make. This is why the wealthy don't like income tax and would rather see other forms of taxes increased. Sales tax, property tax, sin tax, etc. all combine into taxes that hit the middle class harder than anyone else. The top of the economic food chain likes to see the middle class and below spend all their income and save little. This maximizes their economic impact on demand and minimizes the amount of interest earned. Interest is the real moneymaker and the less who earn from it the better for those who do.

Putting money in the bank is almost as bad as spending it. To maximize your wealth accumulation, spend frugally and actively invest. Now, if I could only convince my wife of this . It's too late anyhow. We have the new big house, two cars, and a new baby. We're pretty much breaking even. At least we don't have a slew of credit card debt. Unfortunately, my ex-wife's custody suit sucked up the 5K I had put away before my marriage. The bitch! She even managed to win.
That's all good and fine, but you can't even begin to disagree with my last post, haha.
-Mike