LogFAQs > #898642109

Darkman124 posted...

some, yeah. if we assume 1:1 scaling here, that'd suggest 56% of those who pay federal income tax are living paycheck to paycheck.

which is...baffling. i'll concede the point on that one.

It's because of the extremely high (optional) average car payments, Starbucks, iphones, etc. People are shitting away their money. We don't have an income problem, we have a spending problem.

The average car payment invested over the average working career would make someone a multi millionaire at retirement.

Darkman124 posted...

don't be an ass.

;( Yeah you're right, sometimes I can't help myself.

Darkman124 posted...

i have little doubt that circa 2020 you'll see dems running on a platform of 'trade the corporate cut for permanency of the middle class cut.'

bear market will start well in advance of that though.

Permanent middle class cuts sound good to me. No middle class American should be losing 30 to 35 percent of their annual income to federal and state taxes, especially considering we're hardly seeing anything from that money.

That amount invested over 10 years would bring financial freedom to most of those Americans.

And I'm not worried about a bear market. In fact I want one so I can buy stuff at a discount at the bottom of the market.
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