What is wrong:
>pay 40% tax (including employer withholdings)
>literally work half your life for the government (via taxes)
>rent goes up every year
>houses/land centrally located in cities with lower unemployment rate are unaffordable
>healthcare is unaffordable
>jobs are easy to lose, hard to get
Solutions:
>quit inflating housing prices
>get rid of 99% of taxes and regulations
>get rid of health insurance & burdensome regulations
Why is this so hard for normies & Sup Forums to understand?
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Actuallly just elect a woman. Women manage households and businesses. They are uniquely qualified to be world leaders.
"Elites" heavily invested in "real estate", so you probably wouldn't be allowed to have a cheap house.
Land TAX use it or lose it land lord! That would make it very competitive.
Real estate tax is one of those that should be eliminated. Why would I "buy" something I can never own outright? It's a tax liability without any fucking income!
Please explain. Do you mean REITs or other real estate investments?
>Working summer job between uni semesters
>Minimum wage work ($7.25/hr)
>Work maybe 25 hours per week
>Get taxed 35%
>Neighbor makes like 50k/yr
>Taxed 20%
WTF?
>40% tax
haha that's funny
>Please explain. Do you mean REITs or other real estate investments?
All of them. Real estate market prices regulated heavely by government because every retarded corrupted beurocrat think it's good investment to buy a land or some pile of appartments. Regulations, taxes, government "support" of banks and debtors, immigration policies, all this shit intended to drive prices of umarkateble "real estate" up. The less strong government country have the cheaper prices of real estate appear, since weak government can't figh the market. For example Russia has a strong government and commieblock prices are high despite buildings are made of shit and located in shitholes. Market hugely regulated through laws and banks policies.
You can own it outright you'll just have to either buy in a shit place or work your ass off to pay down the loan. It can actually be a tax incentive to own a house after deductions your effective tax liability will likely go down significantly
change your w4 with holdings. its probably too high.
>Why is this so hard for normies & Sup Forums to understand?
That's not a solution.
The only solution that isn't just moving the deck chairs on the Titanic around is monetary policy reform.
The money we use is all debt to banks. The money that is created to balance the difference between sales and pay is only accessible as debt to banks.
The solution is to stop allowing banks to inflate the currency via fraction reserve banking. Create new money that never needs to be repaid and have the government spend it into the economy.
But that's going to cause inflation! Only if you create too much. Which is currently the case as monetary policy is controlled by the demands of private banks to keep making profit rather than the production of the economy.
Create money, spend it into the economy. Prevent banks from enlarging the money supply via fractional reserve banking.
Nah. Fractional Reserve is a good thing.
No, but even if you pay cash (no mortgage), you STILL have to pay 1-2%+ tax on it each year, which can be a fuck load. And fuck tax deductions. Many of us can't take them, and even if wyou can you are still out some money.
Oh, yea that's shit.
>Nah. Fractional Reserve is a good thing.
The effect of FRB can be reached by expanding the supply of debt free money by the factor of the reserve requirement.
So what's better, debt free money or debt owed to (((banks)))?
It's not. You don't think about employer withholdings on your wages. They pay Futa, Suta, SS, & Medicare on every dollar they pay you. It all adds up to about 40% on what you think is 25% .
>Make 127k per year after taxes
>drive pickup truck I paid for in cash
>live in small condo with brother whom I share rent with (550 a month)
>keep monthly expenses just under 1100 dollars, but pull just under 11 grand a month
Yeah, I guess the economy must be shitty if a loser like me with 0 college degree is going to retire at 40.
He's not joking. Here it's 42% tax. I guess in your country which is more socialdemocratic it is even higher. You don't have to look just at the direct taxes on purchases, the yearly taxes and the ones for the municipal services. The most high tax in the pay envelope. Look the difference between the gross and the net. It's not all there, even the company who hired you pay the taxes on yourself but you can't see it in your pay envelope.
What do you do, Mr. High & Mighty?
Debt owed to banks.
my bet is petroleum in north dakota
Alright bro stay poor.
What do you mean? My standard deduduction is ~$7,000. I never come close to it. Even those that do, only save 10-30% on average on whatever they are deducting, such as property taxes.
t. former tax preparer
It's hard to accept that i'll never be able to fully own my own house, i'll be stuck living in some shitty studio apartment pinching pennies to get by.
Mods can we please get this faggot banned? It puts the taste of reddit back in my mouth.
And what sucks is in places close to jobs, big real estate investment trusts are buying up all the land and older properties, tearing them down and, building 4 story apartment complexes or high rises. 500 sq. ft. studios cost $1,650/month in these.
Report him.
How about we raise taxes on the wealthy?
learn more pls.
Why do you ask? That won't do any good.
They will just avoid them without any problems like they do it today.
Same boat but don't make nearly that much. I take home roughly 40k after taxes. Brothers/friends got me to learn code. Buncha neets turned into a "marketing" company. I got in a bad wreck when I was 17 (dump truck ran red light) so I had enough to be comfortable for awhile. Just got tired of doing "nothing"
Bought a house in 2010 for 98k (cash) and its currently listed for 163. I own 47 acres in north ga right next to a state wildlife preservation and we start construction on my home in 4 months.
oh yeah
>college drop out
>quit inflating housing prices
You could remove Fanny Mae/Freddy Mac/Anti redlining provisions/etc and that would temporarily crash housing prices ... but they would start inflating again after.
Unlike the Austrian claims the market is perfectly capable of being retarded on it's own. Pig cycle, Tulip mania, etc.
>get rid of 99% of taxes and regulations
IMO there should be 3 types of taxes.
- LVT with exemptions for moderate value primary home and moderate family farms. Main government cash cow.
- Discouragement taxes, cigarettes etc.
- Autarky taxes, import/export taxes to keep the country great.
Regulations : yes, but don't go overboard. I like rivers which don't catch fire.
> get rid of health insurance & burdensome regulations
Will you get rid of mandatory ER service? If not government pretty much has to be involved in covering the associated costs.
I don't believe in social Darwinism, just have single payer for basic healthcare with death squads determining what kind of treatments are appropriate for what classes of patients and what brands of medicines can be taken.
If you don't want to deal with death squads or having to get the wrong colour prozac pills you can pay for the cost difference privately.
If this trend continues America will someday be a 3rd world nation with a the top 10% living in middle class, the rest of us will live in squalar similar to China.
Yeah it will
Then highly punish that. FBI can investigate corporations who the gov thinks are violating this rule.
>>quit inflating housing prices
How do you propose that happen commie faggot?
you took that from toronto star you amerifag thats in Markham
Stop the FED from pumping money into it you Marxist idiot.
You're omitting a vital piece of the picture, foreign real estate investors.
The heavy investment by foreign investors into real estate near large cities drives property values far beyond what citizens can feasibly afford. These investors often hold themselves as landlords until they sell their investment again, turning the housing market into a rental market, locking citizens into rental units because everything around them is now far too inflated to afford.
If the government were to heavily tax foreign real estate investments, the property value inflation would be stemmed, fewer properties would be turned into rentals, and maybe, just maybe, the government can reduce our own taxes as they've found a new revenue stream.
No way he gets taxed at 20%.
I make $40k a year and only take home $86k.
I pay $200 a day in taxes. I'm personally supporting 5 family's on welfare (prob Black).
Real-estate is the prime collateral loans are issued against and the biggest asset middle class individuals own. You could tax land value to get unused property onto the market and drive down prices, but good luck convincing anyone deflation of property is a good idea.
Inflation is permanently integrated into the economy thanks to easy access to private bank credit. You could nationalize the financial system and transition to a non-debt based financial system but vested interests would lose their rentier incomes and would have to work for a living and they don't want to do this.
Get rid of regulations, property taxes, etc. Stop forcing banks to lend to niggers, etc. Nothing commie about it. The current state of the housing market is commie
>normies
The term is normalfag, if you aren't comfortable with that return to your faggot safe space echo chamber.
fuck off faggot go back to your safespace FREAK
Financial capitalism is based around driving up the price of assets to capture the biggest monetary yield you can get. Cutting off foreign investors would be contradictory to this logic. Driving down prices is not what the private investors or the government really wants.
It would only help temporarily. The only way to stop price inflation on real estate is to reverse wealth concentration.
Because it is real estate, not gold, which is the ultimate store of value in the world. For instance the total value of the housing stock in the US alone is 25 trillion ... all gold combined only 8 trillion. So as you see, gold is a store of wealth for little people.
As long as wealth keeps concentrating real estate prices will keep going up. During feudalism the price of land relative to the income of a peon was infinite, that's where we are heading again.
how old are you? do you remember the crash the fucking happened in the final days of bush's presidency? shit is A LOT BETTER.
>The less strong government country have the cheaper prices of real estate appear, since weak government can't figh the market.
This is completely delusional. Land is privately owned as an investment to receive a return. It's the concurrence of owners interests to maximize their return on investment which makes property expensive. People won't decide to develop their land since that's an expense, it's easier to just sit on it. Governments can lower the price if they want by land value taxation and other means but that would hurt the vested interests of land owners.
no you are little man
The land value in New York City is actually worth more than the value of all the fixed-capital in America combined.
Yes I am little people. As are you, a little gold bug.
There's nothing wrong with being little people, just don't have delusions of grandeur about gold. It's a medium of exchange, not the real underlying wealth. The big people deal in the underlying wealth.
Are you one of those MMT people?
>Solutions:
>>quit inflating housing prices
>>get rid of 99% of taxes and regulations
>>get rid of health insurance & burdensome regulations
>Why is this so hard for normies & Sup Forums to understand?
Ya not going to happen, that is all planned for you goyim so you don't reproduce.
He's lying. There's no way a faggot like this can make that money after taxes
The housing problem doesn't really exists in USA, is just an invention, if you got rid of zoning laws home prices would be down by 80%
>suffers from severe economic illiteracy
you are so confused
Are you a gold bug who doesn't realise that there are a couple dozen families in the world with net worths far in excess of the total value of the entire gold stock?
This is how I sorta built up a non-taxed income source and beat the system.
>High school
Worked shit construction work/grunt shit, paid by the day cash, didn't pay taxes. Used money to buy a piece of shit Dodge Magnum.
>Senior year to college
Continued some construction work but worked out deals to remove metal from sites. Also got a cutter and drove to drill sites asking if they wanted me to remove some pipes (30 ft of steel per pipe). Most contractors only want the copper and aluminum for themselves so I just took a shit ton of steel. Could make roughly $50-200 in 2 hours a day scrapping steel from sites. One job I made $800 after renting a truck for a few hours.
>Post-college
Actually working a good fucking job now (oil company), but get taxed to death. I ended up buying my own truck-mounted rig and make a ton of money on the side drilling water wells for people. Cash-only jobs, weekend only. Last year roughly 1/3 of my income came from that.
I grew up in Chicago where everyone skims so I learned from the best.
No I'm a Keynesian, so can you answer the question, are you an MMTer?
Learn that not making taxes makes you un-American
I pay close to 40% already, no point in giving them more when half the population pays nothing or negative.
Interesting
>have G E D
>get job
>work hard, make myself indisposable
>get small studio rental
>get gf, combine earnings, combine bank account
>actually give a shit about relationship, work hard at it
>move every 2 years, 3 times, always move UP
>keep job, great attitude at work,
>recession comes, work extra hard, take on extra roles at work
>boss keeps me through recession
>live in subburbs and not shithole city
>live cheap, live happy, focus on the shit that matters
>tired of renting, buy house
>continue to pour time and effort into relationship, get married
>bought in downturn ecconomy 130k in nice white neighborhood, did my research
>economy come back becaue USA refuses to be kept down, houses value skyrockets 200k
>2 cars, flush bank account, house, loving wife
Dont be stupid or a beta. I did all this with a fucking GED in bum fuck Texas. Make the right decisions and play the angles.
>half the population pays nothing or negative
Explain, then half the population would be charged with tax evasion.
Uni? Is this this guy serious?
Do you remember the 90's boom when companies paid for vacation, tuition, 25% bonuses, 10% raises every year, and were competing for employees? Rent was also 75% cheaper back then. Yea, shit's A LOT WORSE since then.
In the US roughly half the population pays 0 effective tax or negative either by adjusting income below the minimum threshold or manipulating their business income to pay 0, so it is not tax evasion. There are people on both sides of the income threshold who pay 0 but it tends to fall on those in lower income brackets.
marketwatch.com
>This is completely delusional.
No it's not. Land is hugely overpriced and only reason some countries has huge real estate prices is government regulation. Government never want to lower prices because government actually run by "real estate investors" i.e. dumb assholes who don't know how to invest stolen money and usually buys some real estate. Government lowers supply and increases demand, so there is a huge bubble and literaly a line to buy or rent some shitty apartments in some countries. If one want to build his apartment complex as a small private investor he will be assraped by regulations and shit, so no new houses for you goy. We have a weak government and prices to real estate constantly fall since 2008. No one invest here in Ukraine to this "ultimate store of the value" anymore. Yet, they still build houses and appartment buildings, because no on can forbid to, it's avarage cost 700-800 usd per sq. meter in big city near the sea and it's still pays off for developers to erect new commieblocks or build some houses in suburbs. Back in 2008 avarage price was 2500-3000$ per sq. meter in same city because MUH INVESTMENT.
That was a boom tho because of the tech boom. It would inevitably lead to a bust.
How are land prices in Ukraine? I sort of think of Ukraine as like the American Southwest with a ton of rural areas. It sounds like the city real estate is just as fucked up as here though.
The third Reich didn't have this problem. Who is all this money going to?
And which candidate are these people now desperately throwing money at to push? And why are they pushing so hard for this candidate?
>Finnish government is socialist nanny state
>enjoy hell of a lot more perks for the money like free education, health care etc.
>still pay lower tax than US "capitalist" libertarian freedummies
The only difference is your richie richers pay less taxes.
I'm a natsoc. Keynes was too afraid of inflation, it can be useful.
It's wasn't just the tech boom. But you know everything, Mr. Leaf, so you must be right.
>having feminist manage anything will make things better
now I see why the new feminist ghostbusters is such a box office hit user!
>it wasn't just the tech boom
sure buddy sure,
Natsoc is just borrowing a ton of money and going to war.
The unpredictability of the "taxes" (ie. corruption) makes land completely useless there.
it's ironic you idiot
And the best part is Murrikan middle class actually want to give more and more tax cuts for the richers at their expense.
It depends. There are ban on agriculture land sale, so you can't by huge stock of land, but rent is cheap. And you can buy rural 0.25 hectare with shitty mood house for 2000-15000$. Then you can do whatever you want on this land, because no taxes or regulations, until you get killed by locals.
What the fuck is the point of making more money? I used to make 26k and paid pretty low income tax due to that. Now I make 40k and take home 28k. Feels like I'm hardly making any more and any more than before. Any extra money I make half of it will be tax, what's the point.
Sounds like the Wild West of the 1800s.
Very much doubt you should be paying that amount of tax. Over here when you get a job and your tax code is wrong they will "emergency tax" you, which is normally quite high. The process of claiming it back from the government is normally automatic but may take you phoning the tax office.
Yep, if you want to have huge pile of agriculture land you will be raped by local beurocrats.
Americans only work about 13% of their entire life.
Idiot.
Lel enjoy Minot and losing your job when the formation dries up.
stfu idiot.
>65 year olds have only worked 8,5 years their whole lives
That don't sound right
>QUIT INFLATING HOUSING PRICES
Whatever that means..... do you think you can do it in the libertarian society that you're describing? Inflation is much worse in the free market
>get rid of health insurance & burdensome regulations
>banking crisis intensifies
Deregulating your banks is what fucked you burgers in the first place. You seem to hate taxes when they are called taxes but call it interest and pay it to private institutions and everything is fine.
Good goy.
you think your are the only one to figure this out? this is all by design. It will take a class war to fix our problems.
Also, look up Agenda 21. They want us all debt slave renters. The ones who can make it out of renting, will be so grateful they can own a home they won't question why they have no yard and why their house is literally touching their neighbors.
Ever tried having a family when you can barely pay your rent? This is by design. They are breeding us.
We are loosing are freedom day by day and nothing will change unless we make a stand right now.
Average life expectancy in the USA is 79 years, average retirement age is 62, and on average people starting working part time at 16 and full time at 22 (after college), so for 6 years they work part time (defined as 20 hours a week) then 40 hours a week for 40 years.
So the math it makes working only 13% of the average life.
Not autistic, just intelligent.