My client base are the well to do class shall we say. I was talking to one of them today about this whole situation. He said, he and his collegues have met and had conversations about this and there is simply no solution. He said, those jobs are not coming back, corporations are sitting on tons and tons of money and not hiring. The stock market concerns him alot because he is afraid its going to go bust one day, college grads come out of school with mega debt to no jobs. Pensions and 401s are a thing that is quickly disappearing. In his words, its terrifying because it has to end somewhere and it will. The question is how and when? Not everyone can be a lawyer or a doctor and every sector of society is important in its function. The promise that all you have to do is go to college to land that great job, is a thing of the past. Working for 40 years for a company and getting retirement again, quickly fading into yesteryear, but to be replaced with what?
Thank you for sharing this. For about 30 years I have been hearing that at some point there won't be a middle class, there will be rich and poor.
This video you shared showed just that
I don't know if this is the truth however I pay 10% tax, just read that Mitt Romney paid 14%. That is amazing to me, before I retired I paid 28% and I made less than $100K. Something is very skewed here.
I also read yesterday that the stock market is not being affected by what is happening here but what is happening in other countries.
The video you shared frightened me. I think I am going back to work. :)
Thank you again
Example NFL QB Joe Flacco just signed a 6 year deal where he will make about $20M a year. If he plays out that 6 year deal between local, state and federal taxes he will pay $10M a year. HOW IS THAT FAIR?
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