It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Jean Paul Zodeaux
All of us, each and every single one of us, are capable of greatness. Whether we ever achieve that greatness, is entirely up to us.
Originally posted by Zosynspiracy
reply to post by Wildbob77
Oh please.......when you're making $2-3 million dollars a year and paying 65% of that in taxes you're still left with $1.35 million dollars to live on. When you're making $25K a year and you have to pay 65% in taxes you're even more dirt poor. I don't feel too sorry for those poor rich.
Bottom line is there needs to be a cap on personal wealth. $10 million dollars for example is plenty of money for one person to acquire. There is no need for one human being to have more than this. There is no reason why one human being needs to own millions of acres of this earth ala Ted Turner. If Americans fail to understand these issues our country will implode. The USA is turning into a third world country........plenty of poor, an elite niche of rich........and tiny middle class if any.
Originally posted by GreenBicMan
reply to post by drew hempel
But maybe if some people were smart they would read a few books about long term investing and then have generational wealth for a few lifetimes to come. Don't even have to start rich. Just don't be an idiot.
Originally posted by drew hempel
reply to post by NoHierarchy
That graphic is awesome!
Excellent -- put it visually -- and the Laffler Curve vanishes in a poof!