How They Keep Us Apart, part three
Distractions abound in this country.
Cynical Roany thinks that this is by design.
The example of this that best speaks to me has to do with taxes.
Your "Silly Little Democrats ............." are always whining about tax cuts for the "The Rich".
Your "Formerly (although still mostly) Feckless Republicans ............." counter that "The Rich" pay almost 90% percent of all the income taxes paid in this country.
The American people pick a side and go to arguing and finger pointing.
Anger and upset are the only outcome.
Media is complicit.
Everybody benefits except the citizenry.
Democrats have their union and legal haters pumping up the masses.
Republicans have their wealthy and middle class constituents feeling themselves to be under siege.
The media get their ratings and sell their advertising because promoting drama is good for business.
As for me?
I got questions.
First of all, who the hell is "Rich"?
As opposed to, who the hell is Rich?
I would truly love to hear the debate where "Rich" finally gets defined.
Is "Rich" a function of income?
Are you "Rich" if you made $250,000 last year?
What if you've never made anywhere near that number ever before?
What if you're unlikely to ever make that much again?
That doesn't happen you say?
I know a raft of guys in the real estate business who had a big year that they have never duplicated.
How about if you're only making $60,000 a year, but it's from a $1,800,000 in CDs or treasuries, and you happen to be living in a nice little, paid for condo in Destin.
What if you're 62 years old and have a defined benefit retirement plan from a pair of government entities paying $86,000 a year with escalators for inflation until the day you die, plus Social Security, plus all the health care you can eat for $142 a month, and you happen to be living in the nice little paid for condo in Destin right next door to the one mentioned above?
The reason I ask is that my HP 12C (financial calculator) is telling me that the above deal has a "Present Value" of $1,292,228 if capped at 3% (That there is real estate guy talk. Capped is short for cap rate which is an assumed rate of return for some specified investment, which in this case it is arbitrarily set by me at 3% because there is almost negligible risk in a defined benefit government retirement plan. The less risk, the lower the cap rate.) and amortized over 20 years.
That $1,292,228 is before you even begin to figure for the Social Security benefit, and the true cash value of the health care.
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