alonzomourning23
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[quote name='neopolss']
Wait till they reach college age, you won't think the same (colleges around here run equal to or more than your salary per year, except for state schools, which are half your salary) . I also don't know what it's like in kansas, but at 22k a year you wouldn't be able to afford anything other than public schools and the basics in the northeast. I have a friend who lives in an apartment with his family and his family makes about 35k a year, and he consistently got fees reduced do to his families lack of income. For instance, the private high school I attended ($9,500 a year), let him attend for $1,000. He was one of only a few to get any reducation, let alone one of that size. You would also be lucky to find an apartment suitable for 2 adults and 2 kids for under 12k a year. Believe me, if kansas is anything like here, any problem and you will need those social services. You lose your job, medical problem (unlike canada and most western nations, we don't have free health insurance, and you almost have to have a death wish to go to the free clinics in the u.s., I hope your job provides quality health insurance), college, car breaks down etc. you're going to be in trouble and in need of those services. Also, as far as I'm concerned, those who are under the poverty line (I think it should be raised to around 20k) should not pay most taxes. You should keep mostly all, or all, of your paycheck, while my family (when it was making 100k) should have paid more in taxes than it did.
But ok, sales tax seems to range from as low a 0% (a few states, such as nh), up to %9.25 (parts, if not all of, NY). I think it generally hovers around 6. Let's up that to around 50% and then maybe the government will have enough to survive on that and tariffs alone. You don't seem to realize that underfunded police, military, volunteers etc. are prone to bribery, far beyond anything we are used to. Just look at the police in most of africa for an example of what happens when cops aren't paid enough. And with increased poverty comes increased crime, requiring more police of higher quality, not less. You seem to think that this is america, and it can only rise or fall a little, but without the right programs it can crash just like any other nation.[/quote]
Your system works if everyone gets lucky, everyone has the means to have a succesful start in life, everyone invests wisely, everyone makes rational decisions, everyone gets quality schooling etc. In reality, that's not the case, and you will have children paying severely for the mistakes of the parents. Though I would like you to find me examples of countries with minimal regulation, minimal tax income, minimal government infrastructure etc. that are succesful, whose people generally live well? The nations that seem to fit most closely your line of thinking do not exist in europe, east asia and north america. The nations that are closer to my line of thinking seem to do much better than those who follow your line of thinking, and seem to have much lower levels of corruption and bribery, and much higher living standards.
What makes it better is that you maintain what you rightfully earned. It's your money - you keep it. What makes it better is that you have a choice in where your money is contributed within your community or government. Choice makes many things better. I currently have two children and maintain an income of $22,000 before taxes. I'd rather have all $22,000 that I earned for my family, and I would opt out in a second to social security and the social programs that are taking money from my kids.
Wait till they reach college age, you won't think the same (colleges around here run equal to or more than your salary per year, except for state schools, which are half your salary) . I also don't know what it's like in kansas, but at 22k a year you wouldn't be able to afford anything other than public schools and the basics in the northeast. I have a friend who lives in an apartment with his family and his family makes about 35k a year, and he consistently got fees reduced do to his families lack of income. For instance, the private high school I attended ($9,500 a year), let him attend for $1,000. He was one of only a few to get any reducation, let alone one of that size. You would also be lucky to find an apartment suitable for 2 adults and 2 kids for under 12k a year. Believe me, if kansas is anything like here, any problem and you will need those social services. You lose your job, medical problem (unlike canada and most western nations, we don't have free health insurance, and you almost have to have a death wish to go to the free clinics in the u.s., I hope your job provides quality health insurance), college, car breaks down etc. you're going to be in trouble and in need of those services. Also, as far as I'm concerned, those who are under the poverty line (I think it should be raised to around 20k) should not pay most taxes. You should keep mostly all, or all, of your paycheck, while my family (when it was making 100k) should have paid more in taxes than it did.
But ok, sales tax seems to range from as low a 0% (a few states, such as nh), up to %9.25 (parts, if not all of, NY). I think it generally hovers around 6. Let's up that to around 50% and then maybe the government will have enough to survive on that and tariffs alone. You don't seem to realize that underfunded police, military, volunteers etc. are prone to bribery, far beyond anything we are used to. Just look at the police in most of africa for an example of what happens when cops aren't paid enough. And with increased poverty comes increased crime, requiring more police of higher quality, not less. You seem to think that this is america, and it can only rise or fall a little, but without the right programs it can crash just like any other nation.[/quote]
Actually I'm already planning for their college education. I am setting aside money each month into an education IRA, as well as maintaining my own 401k, an outside IRA, and savings account. Financial services and safety nets are provided very well in the private sector, and would grant you a higher rate of return than what the government can. The cost of living is lower in the midwest (I'm not sure what the income rate comparison would be), however it is still a struggle. But I manage.
Correction, private sector investments may grant you a better return, they may also plunge you into debt (one of the problems with my family).
I dutifully save my money and invest in a mixture of safe bonds and agressive funds. I have never needed or wanted social services. When my car broke down we fixed it the first time, sold it the next and purchased a new vehicle. It was rough, but we managed. I do use free clinics when I do not have insurance (around here they are just fine). Currently I have insurance for my children and underwent a minor operation last year. It wasn't too much to pay off once I worked out an arrangement of payment with them (afterall, they do want their money).
Use of the free clinic shows that you do need assistance.
You don't need mandatory social services. If there is a need, it will be filled in the private sector. Many companies realized long ago the need for retirement planning, and 401ks and IRAs have come about. Should you have no social security or unemployment, you could invest your money into savings and retirement plans. If something happened, borrow against your plan until on your feet and start saving again. If things get real bad, others will help you if you reach out.
So how should I invest if I can barely make rent to begin with? What if I borrow and my investments fail? Though, the people who could help you out are there regardless, and yet there are still homeless families, families being evicted, kids without adequate food etc. Why aren't they all pitching in?
Why would you need a 50% tax rate? If you are reducing the bulk of your government and streamlining its operations, many of the wasteful spending is gone. Think how many billions of dollars are used in unknown programs that are only beneficial to businesses or a select few? How many redundant overlapping programs do you think exist that could also be found in some form in the private sector? Your vision of anarchy and chaos, and the thin line between is mostly fear tactics that have been sold to you. Give the american public more credit than that. You know how much the public just loves a good scandel! And how would you retaining your money suddenly plunge us into poverty? Do you not believe that you can manage your money, invest it wisely, and save? Do you not believe that if something unfortunate happened that you would not find some way of managing, through either charities or reducing your means of living for awhile?
Your system works if everyone gets lucky, everyone has the means to have a succesful start in life, everyone invests wisely, everyone makes rational decisions, everyone gets quality schooling etc. In reality, that's not the case, and you will have children paying severely for the mistakes of the parents. Though I would like you to find me examples of countries with minimal regulation, minimal tax income, minimal government infrastructure etc. that are succesful, whose people generally live well? The nations that seem to fit most closely your line of thinking do not exist in europe, east asia and north america. The nations that are closer to my line of thinking seem to do much better than those who follow your line of thinking, and seem to have much lower levels of corruption and bribery, and much higher living standards.