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Herman Cain 9-9-9 disaster plan
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<blockquote data-quote="UnconTROLLed" data-source="post: 890290" data-attributes="member: 18708"><p>Still, no facts. </p><p></p><p>Consumption- </p><p></p><p>a typical 50k family of 4 ( lower-middle class?) would consume 15-25k ? save a little?</p><p></p><p>a typical 250k-1 mil family of 4 (wealthy) would consume how much?</p><p></p><p>You tell me, because I don't usually hang out with them. 50k? 100k?</p><p></p><p>Show me the math, the stats, consumption vs earnings.</p><p></p><p>I do know that most well-off (at least 100-300k incomes) do not spend much, and their frugality is what brought them to a well-off state. </p><p></p><p>Let's assume 250k -1mil income bracket spends 25k-100k a year in their yachts , summer homes, golf clubs, escorts/"worldly destinations", ....</p><p>Who's paying the greater % into taxations?</p><p></p><p>The 50k family, 15k-25k (avg 40%?) or the wealthy 250k-1 mil, 25k-100k (10%)</p></blockquote><p></p>
[QUOTE="UnconTROLLed, post: 890290, member: 18708"] Still, no facts. Consumption- a typical 50k family of 4 ( lower-middle class?) would consume 15-25k ? save a little? a typical 250k-1 mil family of 4 (wealthy) would consume how much? You tell me, because I don't usually hang out with them. 50k? 100k? Show me the math, the stats, consumption vs earnings. I do know that most well-off (at least 100-300k incomes) do not spend much, and their frugality is what brought them to a well-off state. Let's assume 250k -1mil income bracket spends 25k-100k a year in their yachts , summer homes, golf clubs, escorts/"worldly destinations", .... Who's paying the greater % into taxations? The 50k family, 15k-25k (avg 40%?) or the wealthy 250k-1 mil, 25k-100k (10%) [/QUOTE]
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