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Old October 17th, 2010, 05:54 AM   #11
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Originally Posted by fayt87linegod
No, I think I'm right when I say a family does better when the hus or wife accumulate wealth by having a well paying jobs. I think that's common knowledge.
Wealth is not directly related to income earned but to how money is managed. Under your concept all lottery winners would establish a birthright wealth to all future generations, but that isn't the result...most return to their standard of living or lower within years of winning.



Earning more money doesn't create wealth, if it did then each time the minimum wage were increased poverty would be reduced and more and more people would die with a positive account balance in wealth. Most people that earn more simply just spend more and gain little wealth.



Germany is a good example of great wages and little wealth...the more people earn the more they consume and raise their standard of living. But rather than creating wealth they become selfish for self gratification and lavish themselves with vacations, clothes, cars and entertainment and die broke. They even skimp on children so they can spend more on themselves, most only have one child so they can live larger and they could give a shit if that child inherits a penny from their fun money.
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Old October 17th, 2010, 07:38 AM   #12
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Originally Posted by fayt87linegod
No, I think I'm right when I say a family does better when the hus or wife accumulate wealth by having a well paying jobs. I think that's common knowledge.
And when that family breaks up, you divide that "wealth" by a certain percentage and often one of the adults in the union has little work history to support re-entering the workforce at the same level of lifestyle that they had prior to the divorce.



For example, together, my wife and I bring home well over 6 figures/year. Apart, we'd be nowhere near what we are now.
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Old October 17th, 2010, 07:44 AM   #13
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Originally Posted by Zack

Earning more money doesn't create wealth, if it did then each time the minimum wage were increased poverty would be reduced and more and more people would die with a positive account balance in wealth. Most people that earn more simply just spend more and gain little wealth.



Germany is a good example of great wages and little wealth...the more people earn the more they consume and raise their standard of living. But rather than creating wealth they become selfish for self gratification and lavish themselves with vacations, clothes, cars and entertainment and die broke. They even skimp on children so they can spend more on themselves, most only have one child so they can live larger and they could give a shit if that child inherits a penny from their fun money.
Ex-ZACK-tly.

We didn't start really thinking about the future until about 7 years ago when we found out about our son. Before that we spent money like it was water. In the 15 years my wife and I have been together, we've purchased over 40 cars. There were times we had 5 cars in the driveway. Thinking back to it today, it was a grotesque waste of money. We could have nearly paid my first house off if we'd been putting that money toward the mortgage instead of car notes.

Now, we still have fun with our money, but we are well on the way to paying the house off in the next 7 years, I fully fund 2 ROTH IRA's, and she has matching stock purchase and 401K's through her job. Between equity in the house and other investments, we are making up for lost time.
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Old October 17th, 2010, 09:16 AM   #14
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Switzerland, Norway, Australia, Singapore, France and Sweden all have far more comprehensive pension programs and universal health care too.



Great gary, then fucking move there! Be sure to tell us how great everything else is in said countries. Watch your toezees if you choose Norway or Sweden.
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Old October 17th, 2010, 09:18 AM   #15
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None of these nations have the same environment as America. By environment I'm talking about our political system, our position as a world power, our makeup of citizens and uninvited guests, history and so much more.
I bet every damn one of them has a sizeable Muslim population by now.
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Old October 17th, 2010, 09:20 AM   #16
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Originally Posted by fayt87linegod
No, I think I'm right when I say a family does better when the hus or wife accumulate wealth by having a well paying jobs. I think that's common knowledge.
Yeah, fuck taking care of the kids. That is so archaic.
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Old October 17th, 2010, 09:24 AM   #17
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For example, together, my wife and I bring home well over 6 figures/year. Apart, we'd be nowhere near what we are now.
You mean apart YOU would be nowhere near that. Don't be doing the Tiger Woods shit on her, you don't have the money to survive it.
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Old October 17th, 2010, 11:06 AM   #18
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Originally Posted by Zack
None of these nations have the same environment as America. By environment I'm talking about our political system, our position as a world power, our makeup of citizens and uninvited guests, history and so much more.


But the U.S. has more wealth. I think that's the point. The U.S. has the biggest wealth gap in the industrialize world.
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Old October 17th, 2010, 11:17 AM   #19
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Originally Posted by Zack
Wealth is not directly related to income earned but to how money is managed. Under your concept all lottery winners would establish a birthright wealth to all future generations, but that isn't the result...most return to their standard of living or lower within years of winning.



Earning more money doesn't create wealth, if it did then each time the minimum wage were increased poverty would be reduced and more and more people would die with a positive account balance in wealth. Most people that earn more simply just spend more and gain little wealth.


If minimum wage were increased, poverty would be reduced and more people would be able save more. I'm not really getting your logic here.



Quote:
Originally Posted by Zack
Germany is a good example of great wages and little wealth...the more people earn the more they consume and raise their standard of living. But rather than creating wealth they become selfish for self gratification and lavish themselves with vacations, clothes, cars and entertainment and die broke. They even skimp on children so they can spend more on themselves, most only have one child so they can live larger and they could give a shit if that child inherits a penny from their fun money.


But Germany has less inequality than the U.S.. Germany is doing better than the U.S. economically. If people are making more money their lives would be more conferrable and I see nothing wrong with that.
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Old October 17th, 2010, 11:23 AM   #20
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Originally Posted by fxashun
And when that family breaks up, you divide that "wealth" by a certain percentage and often one of the adults in the union has little work history to support re-entering the workforce at the same level of lifestyle that they had prior to the divorce.



For example, together, my wife and I bring home well over 6 figures/year. Apart, we'd be nowhere near what we are now.


I really don't get your point. So are you for people making more? like what it use to be in the 1940, 50s, 60s, and 70s, up until early 1980 when only either the husband or wife needed to work to support their family and if both wanted to work then that's fine.
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