The rich and the poor

Conflicts between the poor and the rich

The rich, the middle class and the poor.

If I were making more than a million dollars a year, I would consider giving up my US citizenship and moving to some island where I do not have to pay much for taxes. I can live like a king just with the saved taxes. Besides patriotism (paying back to the adopted country for me), we should make this decision similar to evaluating the potential appreciation and risk of buying a stock.

The middle class like myself who cannot migrate with the entitlements that I already have paid for are suffering and will suffer more with more taxes coming.

The poor are taking advantage of the middle class. Since there are more poor than the rich, the politicians have to satisfy this group. However, the poor will suffer too when more from the middle class will become the poor after the heavy taxes that will affect us personally and the economy.

How the classes are formed.

My theory. How we become rich or poor.

* Becoming rich.

1.       Via inheritance.

You have to ask God why if you do not belong to this group. When you was born in USA instead of in Haiti, you already hit the jackpot.

2.       Taking chances.

We all take chances in life on some opportunities, which could turn out to be traps and make us poor instead.

3.       Hard work.

Our family should teach us to work hard at an early age.

4.       Save hard.

You should not be punished for saving money.

5.       Smart.

It could be part of the inheritance. It is important to some but not to most of us in the middle class.

6.       Luck.

When you take chances even with educated guesses, a lot of time luck plays an important role for its success.

* Becoming poor.

1.       Lazy.

2.       Spoiled by our generous welfare.

3.       Big spenders.

4.       Unfortunate.
      Born poor. Lost in taking chances.

We should help the folks in category #4 only.

The ultimate democracy?

It is controversial but it could be logical at the same time on how we allocate our taxes.

We should tell the government how to spend our taxes by establishing what percents of the taxes on what category such as war, welfare, social security, education, research.... via ballots.

If you do not pay tax last year, you cannot decide on this. This is called ‘representation with taxation’.