Posted by tecwrg on 6/12/2014 11:23:00 AM (view original):
Posted by bad_luck on 6/12/2014 11:06:00 AM (view original):
Posted by tecwrg on 6/12/2014 11:00:00 AM (view original):
Posted by bad_luck on 6/12/2014 10:55:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:48:00 AM (view original):
Posted by bad_luck on 6/12/2014 10:37:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Everyone values every dollar they make. No one values every dollar they make the same.
Who values their last dollar more?
The 50 year old guy making $100k with a mortgage, one kid in college and a second kid a year away from college, or the 25 year old guy making $50k while living in mom's basement and out partying with his friends 5 nights a week?
It doesn't matter who values their last dollar more. Both value their first dollar more than their last. That's the point.
Of course it matters. That's the whole crux of your "add another bracket or two to the highest earners because they will miss their last dollars less" argument.
A) Since when is $100,000 with a mortgage and two kids the "highest earners?"
B) even the guy who makes 100k with a mortgage and two kids values his first dollar more than his last.
a) It's not. But isn't your argument that the more people make, they less they value their last dollar? By that argument, the older guy values his 100,000th dollar less than the younger guy values his 50,000th dollar. Correct?
b) The money I make in December has no less value to me than the money I make in January, because many of my expenses are continuously ongoing, and there are new expenses occurring every week or every month. So every dollar I make has equal value to me.
a) You've included details that the government accounts for. In reality, the guy with the mortgage and kids in college probably pays an effective rate similar to the kid making less but without those deductions.
b) I'm assuming you have expenses every month that have to get paid. Without the money to pay those expenses, you'd lose your home, you wouldn't eat, etc. After you pay your expenses, you probably have money left over for things like golf and male prostitutes. If, for whatever reason, you were going to have less one month, you wouldn't cut out the mortgage and the food, you'd cut out the golf, because you value the golf less than you do food. Likewise, you value the dollars used on golf less than you value the dollars used on food.