Originally Posted By: Astro14
Originally Posted By: Merkava_4
All this hate for the McDonald's and Walmart employees...
What happens to all that money if the McDonald's employees don't get their raise? I'll tell you, Corporate America gets to keep the money. And who's Corporate America? Are they people like you and me? Nope, they're the top 1% with 40% of the nation's money supply in their pockets. Think about it: 1% of the population gobbling up 40% of all the money in the United States! Do you think they work hard for it? Do you think they've earned it? Nope, they're kicking back in their cushy office chair while the money stacks up in their bank account. Money that SHOULD be available for you and me. That's right, if the McDonald's employees had a bigger slice of the pie, there would be MORE money in circulation, not less. More money in circulation means more money for you and me instead of the top 1% having it all. You guys that hate the McDonald's and Walmart employee are shooting yourselves in the foot. What you're doing is aiding and abetting that rich man at the top in his cushy office chair raking in six figures a year and keeping all the money for himself.
Yeah...not even close to reality however.
The "rich" don't just sit around collecting money. Those folks worked their butts off to get there. Worked hard, took risks, got educated, worked 70 hour weeks, that sort of thing.
It's rarely just handed out. It has to be earned.
Further, the 1% income bracket varies with age. So a top 1% income for folks in their 20s would be around 150K, while for folks in their 50s, it's closer to 350K. So, the resentment of the top 1% is a resentment of all the professional folks out there, accountants, doctors, lawyers (the good ones) and entrepreneurs who you would look at and say, "that guy is middle class". It's also a resentment of people at their peak earning years. It's YOU, if you work hard at a career that takes education, skill and experience to get to the top.
You create a straw man out of the "evil fat cat in their cushy office chairs" and hate him...but that vision isn't reflected by reality.
At $300k of income, that middle age guy doesn't qualify for tax deductions like mortgage interest, or charitable deductions, that you do, AMT takes away those deductions. He doesn't get financial aid for his kids in college, he pays full price, and he can't deduct that either. But he still gives a higher percentage of his income to charity than those that hate him.
He still pays far more in taxes than everyone else. The top 1% control 40% of the money...and pay over half of the income taxes collected in the U.S....far more than their "fair share". He already funds the Federal programs that you want to expand.
If he's smart, he's still driving his used Toyota, while quietly getting crushed by taxes, because he is saving for his retirement and paying for his kids education and can't swing a new car.
All this hate for your middle class neighbor, the professional that's worked hard their entire life and is only just beginning to reap the rewards of decades of hard work.
All this hate for someone you already know, but choose to unfairly stereotype and misunderstand.
You bought the class warfare hatred hook, line and sinker, because it appealed to emotion, not reality. You're OK with hating, with resentment, of people that exemplify the American Dream: work hard and become a success.
You want to tear down and take what he has because you hate him. Like the grasshopper envied the ant in Aesop's fable. But the lesson Aesop had for us wasn't "hate the guy that works hard and prepared for winter", it wasn't "you're entitled to all that the ant stores up because that's fair"' it wasn't "you should be able to sing and dance all summer then take your neighbor's stores" the lesson was, "work first, play later, and be responsible for yourself".
You can't build up your own house by tearing down you neighbor's. But you've bought into the hate, the resentment, and want to tear it down anyway.
I recommend that you read, "The Millionaire Next Door". You would be surprised, as the authors were, at what a real millionaire looks like. I also recommend that you start investing for yourself, and in yourself, so that you can reap the rewards of those "huge corporate profits" by getting an 8 - 10% return every year. And after 40 years of modest investing, the you too will have enough for winter...you too can finally enjoy the fruits of your labor.
Perhaps long enough to keep some of it before the class envy warriors, the haters, are successful in their campaign to rip it from you to give to others in exchange for their vote...
BRAVO!!!!!!!!!