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How do the Rich/Wealthy keep getting Rich you know the saying the Rich get Richer my question is how do the Ri?

How do the Rich/Wealthy keep getting Rich you know the saying the Rich get Richer my question is how do the Ri? Topic: How to write a check for over a hundred thousand dollars
June 27, 2019 / By Oberon
Question: How do the Rich/Wealthy keep getting Rich you know the saying the Rich get Richer my question is how do the Rich stay Rich if they are paying themselves less to avoid higher taxes ? Raising Taxes Is Good for the Economy by Adam Eran – Observes Beinhart: “With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business — in plants, equipment, staff, research and development, new products and all the rest. http://www.laprogressive.com/political-issues/raising-taxes-is-good-for-the-economy Thom Hartmann: But it seemed, just common sense. I remember back in the ‘80s, I owned a business, International Wholesale Travel in Atlanta, Georgia. That business has, since we sold it done over 200 billion dollars in business. And there was a year when we were doing really, really well and I could either write a big check to myself or not. And I decided not to, because I didn’t want to pay the increased taxes. I put it back into the business. How can cutting taxes on rich people, on high income people, do anything other than encourage them to take the money out of their companies, out of their businesses, and buy fancy paintings or yachts or put it in Swiss bank accounts? How conceivably could that help the economy? http://www.thomhartmann.com/blog/201...ate-jobsreally If we didn't really need the money, that was an incentive to keep it in the company and to find ways to spend it that took it out of the taxable profit column but increased the value of the company. High taxes create an incentive to reinvest profits into long-term growth. With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment, staff, research and development, new products and all the rest. http://www.alternet.org/economy/106979/
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Best Answers: How do the Rich/Wealthy keep getting Rich you know the saying the Rich get Richer my question is how do the Ri?

Lanny Lanny | 3 days ago
I laugh every time someone depicts the Rich as something they are born with, and that the poor will have absolutely no opportunity to ever be anything else other than being poor. The Rich are generally rich because they work and save, and invest their money. Being "poor" sometimes is due to health reasons one way or another, but for many, it is a lifestyle and mentality. If most are smart enough to game the system for generation after generation on welfare, they aren't that stupid, and most have no legitimate health issues. They just prefer to be parasites off the rest of us. Dividing us into "The Rich, and the Poor" is only a political tactic to keep people thinking they need the government and politicians keep their jobs (along with other poverty pimps) at the expense of the rest of society and those they claim they are trying to help. Keep talking about raising taxes and watch what happens. New York and California raised taxes and people and businesses are leaving by the hundreds from those states. More taxes will only cause more businesses to leave the states, taking hundreds of thousands and millions of jobs with them. Some countries only have 15% tax rates, but the US has 39% federal rate for businesses and people. Raise it higher than the current 39% and kiss more jobs and businesses good-bye. It is that simple.
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Lanny Originally Answered: Since the Super Rich don't care about political parties, only money. Why do Republicans worship the Elite Rich?
The wealthy have no time for such trivialities as standing in line at the super market. Nor are they burdened by the necessities of selecting the lowest per unit cost product. Choosing between prescription medication and paying the rent is not a consideration for them. Multiple home ownership and dental care are assumed necessities minor expenses both. The rich, ruling elite as exemplified by the Bushites have no time for consoling the families of the dead soldiers returning from Iraq (or anywhere else), nor for comforting the maimed and limbless bodies, the mangled, and the blinded. Both Democrats and Republicans are equally complicit in trivializing the suffering and death produced through their war of choice on Iraq. Let us not forget that the Democrats, including Senator John Kerry, voted in October 2002 to authorize war. In reality, this vote was a reauthorization for war on Iraq since the 1991 war never ended. Greenbacks are thicker than blood. Party loyalty is always trumped by class loyalty. Capitalist class loyalty requires the setting aside of any doubt. Above all else, the integrity of class commitment must be maintained. However, the wealthy class exhibit a paranoia that any perceived crack in their solidarity, no matter how small, might lead to its collapse. The investor class' diversified portfolios include large arrays of human beings, mere line items in the balance sheet of world-wide power accumulation. What does it matter to the investor class if the expendable line items in their portfolio are someone's father, husband, brother, mother, wife, sister, son, or, daughter? The question itself is as pointless to them as is the expendable asset itself. The powerful have no problem with losing human assets in the quest of attaining long term imperial goals and huge profits as long as the assets being expended are someone else's flesh and blood. How else to explain the lack of commitment in supplying their own family members to the pool of cannon fodder? If spreading democracy and freedom are such highly prized values then why are so few of the nation's wealthy in the battlefield? Why are so few rich people or Congress member's children in uniform? The answer is obvious. Rich people and the ruling elite are significant. Everyone else is not. The rich know the score and are not about to digress into systemic insignificance through becoming casualties in wars relegated to be fought by someone else. Their destiny is to rule. The destiny of everyone else is to serve them, even die for them, so they can continue to rule.

Itai Itai
I think its because they already have some momentum and if their next investments are shrewd, then they make more on top of what they have. But the poor guy works for some company and gets paid a regular wage. What happens is that he continually expands his purchases and monthly overhead until he can just barely pay it. The result is he stays poor but he has more stuff.
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Ferdy Ferdy
Sorry, but I lost interest when I saw "laprogressive". I have no problem with raising taxes anyway, as long as I feel all the unnecessary spending is stopped and we still need it. My problem today is I don't like my money going to feed the greed *****.
👍 88 | 👎 -9

Daley Daley
nice try, we are getting better at this.........ok hero, who do the poor have to pay to get what they need? think.....corporations!!!!!!! wtf? the Republican party is dying a slow painful demise.
👍 86 | 👎 -15

Austen Austen
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👍 84 | 👎 -21

Austen Originally Answered: Will the rich at the top getting rich on your mistakes blame U all for saving too little & borrowing too much?
I see many people making financial decisions on way too little correct information. It seems that really good solid information is hard to come by in this day and age of instant communication and the Internet. There is so much "fluff" being sold by magazines, newspapers, websites, and advertisers. The really helpful information is in the fine print. You know, those tiny microscopic little sentences that basically say, "Buyer beware! Do your homework!" However, that fact does not excuse anyone from outright lying about a good or service that they are selling. There used to be a "Truth in Lending" law somewhere on the books in America. The recession is coming, and the working-class and the middle class will be blamed. They always are, unless the poor are blamed first...

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