Re: Are You Better Off?
posted at 9/5/2012 2:38 PM EDT
In response to skeeter20s comment:
This is the difference between the left an dthe right. The right celebrates the person who makes that money, and knows that it is put to better use by the owner.
The left thinks being successful is a crime, and the money needs to be confiscated, because government can do a better with the money than the person who earned it.
This is a gross generalization (untrue), like most of the opinionated swill you dish up here, but let us break it down a bit:
Are you saying that anything
a private individual does with their money is better than paying some to the govt?
Just anecdotally, I can think of many, many useless, inane and unnecessary things people spend their money on....even just the people who earned their money the honest way and not by scrooing other people over. After all, criminals pay the least amount of taxes than anyone on what they steal and deal, while honest people pay their taxes like they're supposed to.
But not everyone is a businessperson, which means they necessarily put their trust ($$) into: a) people who are
business-oriented, b) the govt, OR c) a bank. Each of these has their drawbacks, and as the financial crisis proved, many private business entities aren't always trustworthy or even ethical. Even fairly sophisticated investors can lose their shirts by way of a savvy operator.
(It should also be noted that putting money in the bank usually carries with it the federal guaranty insurance.)