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Joe Biden Thread
- Thread starter aridbud
- Start date
Absolem
Active member
Go easy on the Bernie supporters here. After all........... Bernie did get a post office named in his 30 years in congress. Glad I can say I've never donated to a political candidate or stood in line to see a political candidate speak. Bernie is like the 3rd string QB saying he can take the team to the super bowl. Saying vs doing is one thing the Bernie supporters can't grasp.
When Hempy is liking your Bernie posts you should really re think your ideals.
When Hempy is liking your Bernie posts you should really re think your ideals.
I’ve yet to read or hear of any privatization of roads and bridges. In fact, I recently read that the infrastructure bill will prevent roads and bridges becoming tolled.
As for exploration in the GoM, I believe the they’re selling oil leases, and not selling the gulf itself. While I am personally against deep sea drilling, it is what it is, and if there’s oil somewhere, someone will pay up to tap it. And selling leases does not necessarily translate into drilling/production, and absolutely does not translate into selling the gulf.
Can you show where/how they’re selling public lands?
edit
S Just curious where you draw the line as to who is rich and deserves to be taxed into oblivion?Cannavore
Different sources have different numbers, so i find it difficult to know what is true and what is not, but here is one source:
https://www.thekickassentrepreneur.c...alculator-usa/
A net worth of $830,000 would put someone into the top 10% realm and seems pretty middle class to me
Different sources have different numbers, so i find it difficult to know what is true and what is not, but here is one source:
https://www.thekickassentrepreneur.c...alculator-usa/
A net worth of $830,000 would put someone into the top 10% realm and seems pretty middle class to me
How many people would be/are taxed by net worth?
Isn't it crazy that someone with a house, retirement savings, and no debt equalling $800,000 is the top 10% of this country?
90% of this country's citizens aren't "worth" $800,000
Prison Song
System of a Down (Sept. 4, 2001)
They're trying to build a prison
They're trying to build a prison
Following the rights movements you clamped on with your iron fists
Drugs became conveniently available for all the kids
Following the rights movements you clamped on with your iron fists
Drugs became conveniently available for all the kids
I buy my crack, my smack, my bitch
Right here in Hollywood
Nearly 2 million Americans are incarcerated
In the prison system, prison system of the U.S.
They're trying to build a prison
They're trying to build a prison
They're trying to build a prison (for you and me to live in)
Another prison system
Another prison system
Another prison system (for you and me)
Minor drug offenders fill your prisons
You don't even flinch
All our taxes paying for your wars
Against the new non-rich
Minor drug offenders fill your prisons
You don't even flinch
All our taxes paying for your wars
Against the new non-rich
I buy my crack, my smack, my bitch
Right here in Hollywood
The percentage of Americans in the prison system (prison system)
Has doubled since 1985
They're trying to build a prison
They're trying to build a prison
They're trying to build a prison (for you and me to live in)
Another prison system
Another prison system
Another prison system (for you and me)
For you and I, for you and I, for you and I
They're trying to build a prison
They're trying to build a prison
They're trying to build a prison
For you and me
Oh baby, you and me
All research and successful drug policies show
That treatment should be increased
And law enforcement decreased
While abolishing mandatory minimum sentences
All research and successful drug policies show
That treatment should be increased
And law enforcement decreased
While abolishing mandatory minimum sentences
Utilizing drugs to pay for secret wars around the world
Drugs are now your global policy
Now you police the globe
I buy my crack, my smack, my bitch
Right here in Hollywood
Drug money is used to rig elections
And train brutal corporate-sponsored dictators around the world
They're trying to build a prison
They're trying to build a prison
They're trying to build a prison (for you and me to live in)
Another prison system
Another prison system
Another prison system (for you and me)
For you and I, for you and I, for you and I
They're trying to build a prison
They're trying to build a prison
They're trying to build a prison
For you and me
Oh baby, you and me
Well, at least a precedent was set today.. When there are future riots(we all know there will be)you can bet more people will end up dead from being shot. Just act like you felt threatened and shoot into the crowd. Im sure some will have a criminal record.
You should bring that up at the next antifa meeting
It's a great day for America, The lefts terrorists winning streak has come to an end in one small corner of this once great nation.
Many celebratory cocktails will be had tonight. Justice was done in spite of mass jury intimidation.
It would help if you knew who you were trying to condemn. Dem are not leftest. I have no clue why any think this.
and The Chump is only a couple of years younger. just sayin'...
$800,000 is "middle-class" ? i reckon damn near everyone is poor, then. middle-class (around here) used to be a family (mom & dad both working) bringing in between $50K & $75K a year...
no, it says 90% - that is not middle. Middle is 50%, which they say is $500K net worth.
Inflation throws this all in the trash. Thev fed has issued sooooo much money in the last 18 months that everybody but the top 2% are fucked. M1 money supply has gone from $4T to$20T. Inflatiion is juststarting, unless you are trying to sell packs on the hill in CA.
Inflation throws this all in the trash. Thev fed has issued sooooo much money in the last 18 months that everybody but the top 2% are fucked. M1 money supply has gone from $4T to$20T. Inflatiion is juststarting, unless you are trying to sell packs on the hill in CA.
Being in the middle of net worth is not the definition of middle class.
Also, the fed has issued soooo much money in the last two decades. To keep things in perspective, one needs to compare the amount of money created vs GDP, and like you pointed out, inflation kind of changes the dynamics of the equation.
I consider $800K net worth in the US to be middle class, at least for a retiree.
Per zillow, the average home in the US is worth more than $300K. Assuming most retirees have their home paid off by the time they retire, that would leave less than $500K for savings/retirement, furniture, cars, guns, computers, autos, jewelry and other personal possessions. Assuming all of the non savings stuff equals out to $50K for most people, that leaves $450K for retirement/savings.
Fwiw, using the 4% rule, $450K in retirement savings would generate an income of $18K/ year, or $1500/month. Add in the average social security payment of $1500/month and the average retiree with an $800K net worth has a monthly income of $3000/month in retirement. So having a house paid off and a monthly retirement income of $3k/month would put someone in the top 10%(net worth) in the US.
Also, the fed has issued soooo much money in the last two decades. To keep things in perspective, one needs to compare the amount of money created vs GDP, and like you pointed out, inflation kind of changes the dynamics of the equation.
I consider $800K net worth in the US to be middle class, at least for a retiree.
Per zillow, the average home in the US is worth more than $300K. Assuming most retirees have their home paid off by the time they retire, that would leave less than $500K for savings/retirement, furniture, cars, guns, computers, autos, jewelry and other personal possessions. Assuming all of the non savings stuff equals out to $50K for most people, that leaves $450K for retirement/savings.
Fwiw, using the 4% rule, $450K in retirement savings would generate an income of $18K/ year, or $1500/month. Add in the average social security payment of $1500/month and the average retiree with an $800K net worth has a monthly income of $3000/month in retirement. So having a house paid off and a monthly retirement income of $3k/month would put someone in the top 10%(net worth) in the US.
At 65 years old.
How many 65 years olds today, paid $300,000 for their house?
Will $300,000 houses be worth $3,000,000 when I'm 65?
Net worth is based on today’s value, not the value paid.. But i get your point.
more on what makes up middle class in the US, by income and net worth:
https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx
https://www.yahoo.com/now/know-truly-middle-class-hint-120021869.html
I had to check on M1. It did shoot up dramatically at the beginning of 2020, coinciding with covid.
nope. and after the next housing value crash (coming!) they won't be worth $300K either. plus, many will be uninhabited.
'Boogieman'
Well-known member
Im ready for a housing crash, although I believe inflation will further drive the price up in the short term. With index funds and real estate, the value always comes back and then some.
Should I plan on $1500 a month in social security when I'm 65, or will all of my payments be used up on the current middle class and the program scrapped?
I just want to know who qualifies for this middle class.
