Are you wondering what a H.E.N.R.Y. is?
HighBe prepared to pay for the mother of all bailouts. Read and understand why we are all screwed. HENRYs drive the US economy. Kill HENRYs and you kill the economy. It doesn't get any easier than that.
Earner
Not
Rich
Yet
The robber-barons were allowed free run with little oversight. I feel bad for the "henry's" too, the corporations should not be bailed out. Leave the working people alone, go after the super-rich. Where's our bailout? I'm not a henry, and so far I'm making my bills. I hope I don't lose my job and as long as I can work we are okay. I think the robber-barons should be shot. In public.
ReplyDelete"Screwed."
ReplyDeleteLet's not feel to bad for ourselves.
I'm ok not buying a new boat next year if it finances health care for the rest of the country.
I liked this blog comment from the same blog you comment from:
ReplyDeletehttp://directorblue.blogspot.com/2009/02/david-returns-to-italy.html
"Statue of David returns to Italy." I think you should make it a blog post HH.
Regarding the article which I read, definitely the AMT needs to be fixed esp. for high tax states like my own, New York.
Also, tax brackets need to be adjusted for living location. With the drop in the housing market, Manhattan homes/apartments still cost $600 per square foot. For a 2,000 sq. foot apartment (not so large) that is $1.2 million. It was $1000 per sq. foot which comes to $2 million.
Now a 2,000 sq. foot house in Dallas or Chicago is going to cost a lot less than this and taxes need to be adjusted for that.
A lot of money goes into private school tuition and private colleges. In New York and Chicago and Boston and undoubtedly elsewhere there are excellent public Magnet schools (e.g Stuyvesant, Bronx Science) based on merit.
There are excellent public schools (UCal Berkeley and UCLA, U Mich, U Illinois that again, based on merit, kids can get into.
The same goes for medical schools. Private ones getting into $400,000 in debt aren't worth it. Lots of great public medical schools...
Just call me Hank from now on...
ReplyDeleteI live and work in Westchester,NY. 250K is chump change to the folks in these parts.
18.8% total tax is nothing. The henry's of Canada (if you can call them that) get taxed 55%
ReplyDeleteMost from America would call this a bad thing, but given the support we give our less fortunate through social programs and health care I see it differently.
As an example, when patients in the hospital are stricken with the grief of their new dignoses, I take pride in the fact that the issue of whether or not they can afford treatment need not cross their minds.
"18.8% total tax is nothing. The henry's of Canada (if you can call them that) get taxed 55%.
ReplyDeleteMost from America would call this a bad thing"
Youre damn right its a bad thing in America. If you want to do that fine. YOU FINANCE IT. Don't force me to. I would rather spend the money I earn taking care of MY family.