Talk of The Villages Florida - View Single Post - Say Good-Bye to 401K and IRA
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Old 03-20-2024, 08:45 AM
jimbomaybe jimbomaybe is offline
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Originally Posted by jimjamuser View Post
National debt numbers are totally meaningless !!!!!!The number appears scary today because interest rates are high. And I could collect all the money in a heartbeat just by making the rich class like Musk and etc pay their fair share. In the 1960 part of the reason there was a solid middle class was that the upper classes paid more taxes. They slowly change it to suit themselves and we were like a frog in hot water, we did not complain because it happened slowly.
This could work, until you runout of other people's money , yes there are some who got there through illegal and unethical means a minority , businesses create wealth, the Steve Jobs, Sam Walton, Bill Gates, Jeff Bezos have enriched everyone in ways few appreciate, there has never in the history of the world been a time or place that has given more material wealth and security to a larger part of the population with as little effort as we have today, that wealth was not created by any government