A dose of reality from a politician

[TaxGuyParticipant]

https://www.yahoo.com/news/gop-senator-implies-those-aren-022808743.html

Basically, if you want to be rich, don’t spend your money on women and booze. I agree. Two biggest sink holes of money in my life. Not a popular opinion, but about as honest as it gets.

Order the good wine

[SamsquanchParticipant 4226]

Hahaa no, the ladies didn’t like that one at all hahaa.

[ghostParticipant]

Agreed.

[CarnageParticipant 22113]

He is right we all know it.

To those following me, be careful, I just farted. Men those beans are killers.

[SH3LLZParticipant 5569]

1 Corinthians 7:33
But the married man is anxious for the things of the world, how he may gain the approval of his wife.

Proverbs 23:21
For a drunkard and a glutton will come to poverty,And drowsiness will clothe one with rags

This knowledge is not of man….

#ICETHEMOUT

#ICETHEMOUT!!! #MANOUT!!! #HIDEYOURWEALTH #VAGINAISWORTHLESS

[Secret Agent MGTOWParticipant 22564]

Good words, he probably could have said it even better and said don’t spend your money on VICES (sex, booze, drugs, cigarettes, etc).

Everyone has different stuff that cranks their shaft. Whatever those are for the man, that is the stuff he has to watch out for and not get overwhelmed by it.

For the beta maginas and pussy chasers, its pussy. That’s their big vice, along with any other ones they have on top of it. Chasing pussy ultimately destroys them. It’s their top goal but that goal decimates them.

Women want everything, but want responsibility and accountability for nothing.

[PistolPeteParticipant 27143]

Grassley is right. I’ve known all kinds of folks making $8-$10 an hour and what do they do with their money? Buy a 48 inch flat screen; have 6 different tablets/phones; cable, satellite, and a brand new car all bought on credit and not have two nickels to rub together. And somehow it is always someone else’s fault. Those mean old rich people…

[HermitParticipant 1121]

How anyone can afford a cigarette habit is beyond me. I understand the addition, but if I saw all that money flying out of my wallet every day I flip my lid.

I don't hate women. I just feel better when they're not around.

[IGMOW (I Go My Own Way)Participant 2572]

I have never been married, and I hate the taste of alcohol. Does he care to expand his list to other things? I am not rich. I followed the lie of going to college and getting a degree. I had the IT industry not work for me, had various health things kick in, relocated for a state job that didn’t work, and now work in a call center.

However, I would say a relevant MGTOW reply to this bit:
Grassley’s comment triggered a wave of criticism on social media. Many complained that the working class is, in fact, spending “every darn penny” on raising their kids, caring for elderly parents, health care and putting food on the table. One Twitter user complained that the GOP was turning America into a version of “The Hunger Games.”

Would be that all those “family” things end up draining off way too much money. All that is plantation stuff. To do the MGTOW path would be to get specialized skills people pay for, which go beyond college, target underserve economic niches, and mark things up. Get a vehicle, or few, to compound wealth, and then go from there. Get the hell out of the system, and live under your means while you do it. The booze, movies and women refers to these traps.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[FrankOneParticipant 1442]

The very language used by Sen. ASSley is offensive. Ending the estate tax ‘recognizes’ those who save and invest? It is not the government’s job to pick winners and losers. The majority living paycheck to paycheck face sales tax rape, property tax rape, and income tax rape. Instead of arguing WHO should pay for Leviathan State, and cutting taxes to mortgage the future, let’s have some real leadership and cut SPENDING, THEN cut taxes. I am against the estate tax of course, that money has already been taxed once. So on that I agree.

I would agree that spending money on booze and cigarettes and not saving, is no way to build wealth. Work habits are also important. A lot of people go without work for periods. It is in how much you make and how much you spend combined, net income. You can get by on low income if you are not wasteful.

[AttonParticipant]

The MGTOW man is the rich man.

A MGTOW is a man who is not a woman's bitch!

[TaxGuyParticipant]

FrankOne wrote:

The very language used by Sen. ASSley is offensive. Ending the estate tax ‘recognizes’ those who save and invest? It is not the government’s job to pick winners and losers

The whole point of the estate tax was to prevent the situation where a couple of families accumulate all of the wealth of our country. Repealing it not only makes that easier but eliminates a source of income for the government that doesn’t need to be repealed. Your estate has to be about $11 million before it starts being taxed. That’s a pretty decent accumulation of wealth. If you have a estate worth $11 million you can afford to buy enough life insurance to pay the estate tax on the amount you have above that.

Order the good wine

[FrankOneParticipant 1442]

TaxGuy wrote:

FrankOne wrote:

The very language used by Sen. ASSley is offensive. Ending the estate tax ‘recognizes’ those who save and invest? It is not the government’s job to pick winners and losers

The whole point of the estate tax was to prevent the situation where a couple of families accumulate all of the wealth of our country. Repealing it not only makes that easier but eliminates a source of income for the government that doesn’t need to be repealed. Your estate has to be about $11 million before it starts being taxed. That’s a pretty decent accumulation of wealth. If you have a estate worth $11 million you can afford to buy enough life insurance to pay the estate tax on the amount you have above that.

I’d argue the point was to raise money for the State. In the 1800’s, Estate taxes were enacted and then repealed, mainly to raise funds for wars. In the Modern Era, starting in 1916, with the Revenue Act. Basically, Leviathan State was experiencing declines in tarrif revenues. Rather than lay off government employees and decrease government ‘services’ (I love that word, haha), they implemented the modern income tax.

Initially, the estate tax only applied to the extremely wealthy; cutting in at $50,000 or equivalent to about $11,000,000 in today’s depreciated fiat currency. The tax was then increased in 1917, to fund WWI. Then they held the citizen down for more punishment and passed the ‘gift tax’ in 1924.

The exemption currently, is about $5.5 MM.

Most wealth dissipates across the generations. If you take all of the Rockefeller fortune, split over roughly 200 individuals (it isn’t evenly distributed), it would only amount to about $50 MM each.

Total wealth is not static or stagnant; it grows. Rockefeller, created an entire industry. So I would fundamentally disagree with a couple of families accumulating all the wealth of our country.

[TaxGuyParticipant]

FrankOne wrote:

Then they held the citizen down for more punishment and passed the ‘gift tax’ in 1924.

The gift tax was put in to stop the “death bed declaration” where someone would claim that the person gave away their fortune right before they died and thus didn’t owe the estate tax.

FrankOne wrote:

So I would fundamentally disagree with a couple of families accumulating all the wealth of our country.

OK, pick a number. I was talking about why tax wealth vs. income, not where the money was spent. And we came from an old money country where families dominated for 100’s of years because the rich gets richer. The estate tax is at least some effort to stop the US from becoming a cast system. From that standpoint, I’m ok with it.

Plus, the people you are taxing are dead. What the f~~~ do they care?

Order the good wine

[IGMOW (I Go My Own Way)Participant 2572]

FrankOne wrote:

The very language used by Sen. ASSley is offensive. Ending the estate tax ‘recognizes’ those who save and invest? It is not the government’s job to pick winners and losers. The majority living paycheck to paycheck face sales tax rape, property tax rape, and income tax rape.

“It isn’t the government’s job to pick winners and losers” usually comes up by conservative side, for the government to stay out of the area of businesses. There generally isn’t opposition to picking out who is a winner or loser. Usually, the conservative side, being poor is a sign of a moral defect somehow, and there isn’t the negative income tax, but the earned income tax credit, where people who work get the negative income tax. If you read some Milton Freedman, you see he wanted total freedom. If you need to do welfare, you do a baseline minimum, and let people do with it what they will, not a nanny state overseeing them.

Of course, with liberal/progressive side, they want the government to pick tons of winners and losers in the economic arena, but not impose any restrictions on the personal area. Totalitarian ideologies, want everything run by the state, and Libertarians want as little as possible.

Atton wrote:

The MGTOW man is the rich man.

If the freedom is managed correctly, and there is a good amount of positive luck that is effectively capitalized on.

"I am my own thang. Any questions?" - Davis S Pumpkins.

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