reply to post by hotpinkurinalmint
It doesn't surprise me that you are ambivalent on tariff's also, and if I may now respond to an earlier remark you made, I think you and I agree on
far more than we disagree on. It is a tragic irony, or not tragic and only ironic, that you are a tax attorney and I am so vehemently opposed to this
odious form of taxation. We do have other differences but we also both have a profound love for law and legal issues, and I believe a profound love
for our country, which is what makes us brothers.
That said, I would speak to your uncertainty regarding the so called "middle class", first by asserting that I am against class warfare, and see all
people as equal under the law regardless of their economic station. I know you do too, but you are more willing to play the class distinction game
than I am. Neither one of us are rich, and I have read enough of your posts to know that you are no where near the level of financial security you
would like to be, and frankly I am just flat out poor, being a struggling artist, and freelance writer. However, my understanding of the American
Dream is not to aspire to middle classdom, but to aspire to genuine wealth.
The largest pay check I ever received took out over 50% in taxes that week, (both federal and state), and all it accomplished was my steadfast refusal
to ever put in that kind of effort again, so my employer certainly lost out on that deal, as well as I. What that week taught me was that the income
tax scheme was intended from preventing people from creating wealth. Combine that with a Federal Reserve that has spent years suppressing interest
rates, while watching the rate of inflation increase dramatically and it is understandable why so few people have very little in the way of a savings
account and most have some form of debt.
As to education, income tax does not pay for public school, at least this is my understanding of it, and local property taxes is what pays for the
local public school system. Even so, I am increasingly becoming a strong advocate of simply doing away with the public school system, and as far as
what an education costs, if a family wants this education for their children, they will do what they have to, by hook or by crook if necessary, to get
them that education. Further, if the child wants the education, they will get it, and won't be denied an education simply because there is no public
funding available for it. There will always be charity and foundations to support this.
Loosing government jobs is a painful necessity if we are to ever find any real answers to the problem of government. Government is not what makes
economies happen, or even function properly, and all too often they are the source of bad economies. Bernanke as much as admitted this in a speech he
gave praising Milton Friedman.