[Bogie Shooter]

Originally Posted by Velvet

They are asking to redistribute wealth by raising property tax on the current owners to subsidize Others.

In this case, an “outsider” is one whose assets you have no access of information to for whatever reason. I bet some Snowbirds might fit into the category too.

Where do I look for information on “insiders”?

[Velvet]

[QUOTE=Bogie Shooter;1667708]Where do I look for information on “insiders”?[/QUOTE

The “insiders” are the poor sucks whose info is public knowledge, like teacher like myself...

[Chatbrat]

There are lots of people here ready to have their assets picked by professional managers & annuity peddlers---word to the wise , ignore all those free such/dinners--could be the most expensive meal of your life

Best ? for anyone hosting one of these events--"if you are so smart , how come you are still working"?

[VJBama]

Secret location where millionaires keep their money?

Fidelity or Vanguard, likely. Cayman Islands very, very unlikely.

Vanguard is the largest manager of 401ks in the United States.

Cayman Islands, really? Where do people get this stuff from, movies? TV?

The truth is millionaires come from people who spend less than they earn and have done this for decades.

[Velvet]

Cayman Islands... my niece works for a bank there, but you’re right there has been a redirection of funds internationally.

[eyc234]

We have lots of liquid assets and we drink them every day. There is an old saying, money can not buy happiness but a lack of money can guarantee unhappiness. It seems inconsequential to even ask the question of who has what. We do not even know what most people in our neighbor did for a living much less how much money they have, this is as bad as some one saying how many Facebook friends they have. WHO CARES!!!!

[Altavia]

Took me 55 yrs of 50-60+ hr weeks to get here, and I plan to enjoy the heck out of it.

[Altavia]

Originally Posted by Velvet

They are asking to redistribute wealth by raising property tax on the current owners to subsidize Others.

.

Or the new buyers have been subsidizing the government finances via their higher tax proportions and bonds such that no tax increase has been need for years. So now it's time for the long timers to start to help pay their share.

It's just my kids inheritance so I don't really care

[Velvet]

What government finances? When TV started up, there was nothing but pasture land and swamp, and you couldn’t build on the swamp. Anything built was paid for through bonds and maintenance by the old folk who bought here from Mr. Shwartz.

[canyonblue]

Originally Posted by retiredguy123

Huh? By my calculation, a million dollars today was worth about $840,000, ten years ago. The cumulative inflation rate for the past 10 years was about 19.4 percent.

Actually $837,567.30 to be exact. But i know where you're coming from.

[Bay Kid]

I can keep all my money in a tin can.

[graciegirl]

Originally Posted by Chatbrat

There are lots of people here ready to have their assets picked by professional managers & annuity peddlers---word to the wise , ignore all those free such/dinners--could be the most expensive meal of your life

Best ? for anyone hosting one of these events--"if you are so smart , how come you are still working"?

That goes without saying. THAT is how they got a lot of money. The few folks I know who have a lot of dough are the ones who have been careful with it all of their life. Funny how that pays off. Everyone has something they like to spend money on that others don't. For the rich....it is usually not gambling.

[billethkid]

My view is much simpler. If the powers that be in the world of tax or not more or less did not have to raise taxes while TV was doubling in size, nor while TV was tripling in size, now deem it necessary to raise taxes.

There most certainly was the doubling and tripling of revenue increases along with the growth....which until now has proven to be adequate.

There is most definitely something new in the equation, that will only be revealed via a line by line analysis of prior years actual expenditures VS the proposed budget that includes the proposed increase. There are not many public officials who are willing to do that as they either don't know how or don't care or just simply will not take the time to do it.

We the tax payer can demand it. Here again.....most will not

[vintageogauge]

Originally Posted by retiredguy123

Huh? By my calculation, a million dollars today was worth about $840,000, ten years ago. The cumulative inflation rate for the past 10 years was about 19.4 percent.

Agree, inflation has been minimal for the last 10 years.

[vintageogauge]

Originally Posted by retiredguy123

I think a lot of people who have money today, accumulated it by developing a very frugal and practical lifestyle attitude. And, now that they can afford to spend more money, they can't do it without creating a lot of extra stress in their life.

You just described my wife.