Japan's Debt Crisis is Just the Beginning

[Fernando]

The problem is.... once these entrepreneurs and talented obtain their goals and make millions of dollars..... they try to game the system and not give back to the very system that provided and gave them the opportunities.

It's up to them if they want to give back. This is America.
In meantime, they pay their taxes mandated by our government as the "give back".

Elon Musk love or hate him, at least he paid back the government loans he acquired for Tesla.... with interest. Give credit where credit's due.

He also got lots of credits and other benefits from government to make him a rich man.

The welfare systems like food stamps and the like, are not meant to be on forever.... they're supposed to be temporary to get you back on your feet.

The government dipping into funds such as Social Security and Medicaid to pay for other programs has to pull back the reins. They have a spending problem.

Everybody from the low to the high end of the income stream has to put back into the system. The upper 5% should not get breaks on taxes they pay, just like the lower echelon should not have to pay nothing at all. This puts the burden squarely on the middle class.

With AI coming on strong and the prospect of robots doing all the work.... where's the government going to get the income taxes from? Unprecedented times to be sure.

It's easy for retired seniors to criticize.
Our government has tax credits and social programs like social security and Medicare to keep their living expenses lower.
Trump's $1,000 educational money to youngings is a right step in helping young Americans who have harder time in our economy.

 

[Surf Cat]

It's up to them if they want to give back. This is America.
In meantime, they pay their taxes mandated by our government as the "give back".

I'm not talking about giving just for the sake of giving you dummy..... they're not meeting their obligations tax wise....through legal loopholes, offshore accounts, and complex financial strategies that are largely inaccessible to average taxpayers.

Based on your answers this is what I assume you're trying to do with your earnings through your commercial properties.

 

[Dublin ohio]

I'm not talking about giving just for the sake of giving you dummy..... they're not meeting their obligations tax wise....through legal loopholes, offshore accounts, and complex financial strategies that are largely inaccessible to average taxpayers.

Based on your answers this is what I assume you're trying to do with your earnings through your commercial properties.

You can be guaranteed that the Fern takes advantage of every loophole available. Including using cheap illegal labor which he turns a blind eye to.

 

[Fernando]

From The Economist this week:

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We have two covers this week. In most of the world we consider the Robin Hood state, which takes from the rich to give to the poor. Leaning more on this approach has obvious appeal for governments as they struggle with huge debts, ageing populations and the need to spend more on defence. Raising broad-based taxes, like VAT or sales taxes, would be hugely unpopular when voters are still reeling from the high inflation of the early 2020s. Raising taxes on the rich, an idea being espoused by politicians across the developed world, seems the obvious solution. But, as we explain, the notion that the wealthy are not paying their fair share is flawed, and trying to fill budgetary gaps by soaking the rich will not work. It will raise less money than expected, damage economies and cause long-term political harm.

​

 

[Fernando]

You can be guaranteed that the Fern takes advantage of every loophole available. Including using cheap illegal labor which he turns a blind eye to.

Buying investment properties is one of the best ways in not paying more taxes to our government.
The depreciation reduces gross income. Wished it could be depreciated in shorter period of time.

 

[Charles West]

Japan is an example of the upside-down balance sheet. Bad fiscal decisions and a desire for racial purity in spite of the fact that the world's population is cross-pollinating all over the place have led them to be frozen in place. They are finally turning to the supply side and pursuing private-sector growth, including investing in the glorious US of A. Their young'uns need to start humping.

 

[Fernando]

Japan is an example of the upside-down balance sheet. Bad fiscal decisions and a desire for racial purity in spite of the fact that the world's population is cross-pollinating all over the place have led them to be frozen in place. They are finally turning to the supply side and pursuing private-sector growth, including investing in the glorious US of A. Their young'uns need to start humping.

Not to be an ugly American but when I was in Japan, many of the older folks didn't speak English.
I took it for granted that everyone in an economic power country spoke English.
Good thing I had my Translate app.

 

[Charles West]

Not to be an ugly American but when I was in Japan, many of the older folks didn't speak English.
I took it for granted that everyone in an economic power country spoke English.
Good thing I had my Translate app.

Good thing.

 

[Charles West]

I had a hard time in Greece; people couldn't understand a word I said, and vice versa.

 

[Fernando]

I had a hard time in Greece; people couldn't understand a word I said, and vice versa.

Greek words do not have roman letters. So foreign.
They understand English. When I was there, Ticket box old Greek guy was rude to me. Wouldn't give me a discount on bus ticket.