Reginald Noble
Banned
Exactly. Dude said anything less than 250k an individual and you're one paycheck away from being broke.
What the fukk type of budget are you living on?
Do you live in NYC area? Are you familiar with the cost of living here?
This is how it ends: Bernie proposes $15T tax increase, including increase on middle class
- Thread starter Scoop
- Start date
Do you live in NYC area? Are you familiar with the cost of living here?
So rent and loans take up 50% of your post-tax income, even with apparently un-godly student loan principal that already put you in the top 1% in terms of opportunity with some elite fukking professional degree shyt right there.
So how you blowing the other 50% of your post-tax income with rent and loans already taken care of? And are you brand-new out of college but already have some lady living off of you for free?
And how does any of that suspect story lead to you being $160,000 away from middle-class? You're somehow blowing 50% of your 95th-percentile income on food and metro tokens, and yet you still have 35% extra of that income that would be totally expendable if you hadn't decided to pay for an elite degree totally with student loans. If you were making another $20,000, how would you be blowing all that too, and still only be halfway to middle-class by your estimation?
Even taking your whole sob story at face value, you'd still talking about being able to work for ten years, and then spending the rest of your life earning well into the 6-figure incomes with being able to dump 40+% of that income into investments every year.
And that shyt is too poor to be middle class?
Tell the truth - you know that if you were really looking at your life, you got all sorts of shyt that you waste money on that you think is necessary because you want to live fly. Move into an actual middle-class family's home for a month (one that lives within their means, not the dumb ones that rack up debt) and see how they do it. If you really wanted to live "middle class", as a single guy at $90,000/year you'd have plenty of income left, even with your student loans. You're just staring at the next dog up and trying to be like him.
Man, rich people want it easy as fukk nowadays. My man is rolling with multiple elite degrees from private schools that he got without hardly paying a cent for them yet. Now he's complaining that it's going to be 10 years into his working life before he's able to pay off his loans and start dumping $100,000+ into investments every three years. And hell, at that rate, he's only going to be a millionaire a few times over when he retires. How's he gonna eat?
And bytching that that makes him too poor to be considered middle class.
Only on TheColi, where brothers be trying to flaunt how much dough they make and doing their best to claim poverty cred at the same time.
Exactly. Dude said anything less than 250k an individual and you're one paycheck away from being broke.
What the fukk type of budget are you living on?
And he already exposed himself, because he says he's making $90,000/year AND paying 35% of that in student loans AND he's doing fine. So if he were earning another $100,000/year extra on top of that, somehow it would all disappear into smoke and he's still be $60,000 away from middle class status?
No, fool, unless you were stupid enough to just waste that money, you'd be sitting on $60-70,000 of extra expendable income every fukking year, which is the American Dream a couple times over.
Sort of like the minimum $15-20,000 extra you should be sitting on right now in ADDITION to those student loan payments.
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Pretty much how I feel about it and how folks in my family feel about it. We're part of that black population this board likes to bemoan when at the end of the day its a choice of lesser of two evils relative to our individual situation.This shyt is DOA. I'll be voting for Hillary unfortunately.
Worst election choices ever.
Someone in my family is currently listed as self employed for example which means they actually pay a self-employment tax before they even start paying income tax. Which means that basically as an employee of a company, you usually pay some of your check into SS/Med while your employer covers the other half. The self-employed pay all of that amount which for this said person, they're already paying 20k a year BEFORE income tax. Then on top of that, outside of this pie in the sky numbers that have been posted about WHAT might happen with Bernie's Pie in the sky savings for college and healthcare (lol again...we seem to be forgetting about the ACA battle) they would be in the 35%-40% income tax bracket under Bernie based on estimates.
At the end they may leave with 40-20% of their income in a year. fukk that fukking shyt. Hillary at least is honest that "This isn't about how much free stuff I can promise you" and says that she is never going to make that promise and I agree with that personal.
Lets not forget that all these government estimates are usually under the actual cost so that is probably a conservative estimate.
This person in my family also doesn't believe in free college. What incentive do you have to keep only those who are serious about school in the system if everyone can go on a whim at someone else's dime? You already have a problem with certain segment of people not completing college or not treating college as a pathway to a marketable skill for a job. If you do that, fund your own way. Provide more funding to pell grants, encourage states to reinvest on a local level their state schools, work to encourage schools to bring tuition down.
However, I shouldn't have to pay for some dude who goes to college, skips class to smoke weed with his friends and then drops out on the other side of the country. From what I've seen, Bernie hasn't provided any information on how to prevent these people from doing this. Also not everyone should be in college to be quite honest.
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You guys still commentating on this hit piece 
Reginald Noble
Banned
So rent and loans take up 50% of your post-tax income, even with apparently un-godly student loan principal that already put you in the top 1% in terms of opportunity with some elite fukking professional degree shyt right there.
So how you blowing the other 50% of your post-tax income with rent and loans already taken care of? And are you brand-new out of college but already have some lady living off of you for free?
And how does any of that suspect story lead to you being $160,000 away from middle-class? You're somehow blowing 50% of your 95th-percentile income on food and metro tokens, and yet you still have 35% extra of that income that would be totally expendable if you hadn't decided to pay for an elite degree totally with student loans. If you were making another $20,000, how would you be blowing all that too, and still only be halfway to middle-class by your estimation?
Even taking your whole sob story at face value, you'd still talking about being able to work for ten years, and then spending the rest of your life earning well into the 6-figure incomes with being able to dump 40+% of that income into investments every year.
And that shyt is too poor to be middle class?
Tell the truth - you know that if you were really looking at your life, you got all sorts of shyt that you waste money on that you think is necessary because you want to live fly. Move into an actual middle-class family's home for a month (one that lives within their means, not the dumb ones that rack up debt) and see how they do it. If you really wanted to live "middle class", as a single guy at $90,000/year you'd have plenty of income left, even with your student loans. You're just staring at the next dog up and trying to be like him.
Man, rich people want it easy as fukk nowadays. My man is rolling with multiple elite degrees from private schools that he got without hardly paying a cent for them yet. Now he's complaining that it's going to be 10 years into his working life before he's able to pay off his loans and start dumping $100,000+ into investments every three years. And hell, at that rate, he's only going to be a millionaire a few times over when he retires. How's he gonna eat?
And bytching that that makes him too poor to be considered middle class.
Only on TheColi, where brothers be trying to flaunt how much dough they make and doing their best to claim poverty cred at the same time.
And he already exposed himself, because he says he's making $90,000/year AND paying 35% of that in student loans AND he's doing fine. So if he were earning another $100,000/year extra on top of that, somehow it would all disappear into smoke and he's still be $60,000 away from middle class status?
No, fool, unless you were stupid enough to just waste that money, you'd be sitting on $60-70,000 of extra expendable income every fukking year, which is the American Dream a couple times over.
Sort of like the minimum $15-20,000 extra you should be sitting on right now in ADDITION to those student loan payments.
I feel you have a bone to pick with people in my situation for some reason but I'll let you cook.
The fact remains is my point is this: If you can't subsist off quarterly earnings from your investments and don't have to worry about the capital gains tax - You're broke.
There is this illusion because someone makes ___$ income per year they are wealthy or rich. Newsflash - If I lose my job this week aside from my AMX card I'm in hot shyt just like everybody else.
Ain't nobody flaunting shyt - How many times I have to say this?
Anything under $100k in the outer boroughs here is nothing to aspire to. I already told you I'm not paying market rate rent. And once again my loans are not at the maximum payment. The reality is people are not planning for problems they are planning for best case scenario. I'm not one of these fools that fake doing well when I'm negative on credit or in the background. When I look at what costs COULD be for example IF the rent hikes up to market rate, WHEN my loan payments increase 2 years from now and IF this Woman leaves me and I got to spot 100% of the rent that is what the $110k number comes from. Yes, nikka I'm putting money aside, but then guess what. The money I put aside now is peanuts compared to what I'll be able to put aside at $110, 125 and up. Economies of scale. You invest $2500 you get $5000 back if you're lucky. You invest $1000 you only get $2000 back. The more cash flow you have on hand the more that multiplies. You only need so much for food and water, utilities etc. But you've got to get past the baseline level first to start making those quick gains.
Perfectson
Banned
^^^
no one wants this unless it benefits them, point blank period. Americans are selfish and that's actually what makes us great when it comes to incentivizing innovation and being world leaders.
Perfectson
Banned
That's the only way to make those things more affordable. Are you not noticing the price of health care and college skyrocketing?
health care rising has nothing to do with taxes nor college sky rocketing. You don't tax the hell out of people . Cmon breh. You put that stupid drake smiley in here too like you hit the root of the issue. All Bernie is saying is instead of us paying out of pocket for college and health carre on the front end, he's gonna tax us and make us pay for it, but the rich will have the shoulder more of the load. I'm not down with that tbh, especially for college. Health care fine...but we need reform to keep costs down.
I wrote about this before - with my resume and life direction I could be in "your situation" if I had wanted to, but I chose to work towards the struggle instead. That was my personal choice, ain't forcing it upon or bitter towards anyone else who chooses differently.
I ain't got hate for you being able to be where you are. But you're gonna catch my attention if you use your situation to politically shyt on everyone else who actually is in financial need, by pretending you're one of them and refusing to pay the higher taxes you deserve to be paying to make an actual Developed Nation health and educational system possible.
That's the dumbest definition of "middle class" I've ever seen. You want to be idle rich, not middle class.
Screw quarterly earnings - at that pay scale there shouldn't be a time when you wouldn't be able to survive a full year off the savings alone.
The thing is, you ain't talking about leaving work life for a year, you're talking about indefinite, which ain't ever necessary for someone with skills, an education, and a work ethic.
Unless you want to be idle for the rest of your life, you don't need quarterly earnings yet. There has never been a moment in my adult life where I didn't know that I could pick up a new job in 3-4 different sectors at the least at the drop of a hat. You lose your 6-figure job, you know that unless you ain't shyt, you could pick up a job that paid more than enough to get by somewhere else.
p.s. - I realized another thing. No one has mere tuition rates as high as the loans you're complaining about. So you were getting student loans for tuition AND room and board. That means that you haven't just been getting a free education for the last 6-7 years, you've been living the high life on campus and probably haven't been paying shyt for it. And now that you got a nice job and are making bank, you're complaining that you're broke because you're finally paying for the last 7 years of your life that you'd been living for free off of banks and the federal government until now.
Yes, and I make a little less than 200k after bonus.
I pay back 1400 a month in taxes combining undergrad and law school. I graduated owing 120k (the average for law school graduates). My rent is over 2000 a month. And I definitely live a very comfortable life. fukk is you doing? Trying to live like me with half my salary? My boys who lived in NYC before I got here and make less than 6 figures knew not to overdo it. Most of them had roommates. "I" have a roommate from law school. I have no idea what you're talking about with these supposed struggles.
@NaijaProdigy Redux please tell dude that you do not need to make 250k a year in NYC to be "barely" middle class. I'm not saying that is rich, but this nikka is acting like we out here in that line hustling for that 15 dollar minimum wage.
Godless Socialist CEO
Superstar
people see that 15Trill tax increase and in to the
bern goes..
and no the avg person isn't going to research any shyt.
That's the problem and why garbage like Rubio, Cruz, and Trump end up receiving the backing they have.
Reality
Make your own luck.
If you're single, no kids, already graduated, and have a career, why would you be in favor of this?
and no the avg person isn't going to research any shyt.
Godless Socialist CEO
Superstar
Because I have empathy, not all of us subscribe to being your typical selfish American. Plus life can change at the drop of a hat. Just because you don't need those things now doesn't mean you won't need those things down the road. Besides improving the life of all citizens and not just the rich will only help improve the country. I don't understand why that's such a hard concept for people to understand.
It's time to try something different in order to get this country to take the next step. Improvements in education, making healthcare affordable and fixing our crumbling infrastructure as well as making corporations that have taking this countries political system hostage actually pay into this country instead skirting taxes is a step in the right direction.
why aren't you down with that? if I'm putting together a plan that will help a lot of people. and in the end MOST of us will actually come out on top financially. why are you so against college or anything else in his plan?
to keep saying we need to fix this or that. we know this. but we know that takes time. there are so many hands in the jar it will take a decade or so to get them out. nothing Bernie or Hillary does could stop it over night. but free college could actually take place over night. free healthcare could take place over night. okaying big time infrastructure projects could happen over night.
We need help RIGHT NOW. not tomorrow. but NOW.
now while we're getting help. do you really think a dude like Bernie that keeps banging on companies that cheat the system, wouldn't get at some colleges who have ridiculous cost they should not have? of course he would. but guess what, he would have something fighting against them. FREE COLLEGE. see before we didn't have an alternative, now we do.
Because you care about your societies future. that's why.
oh by the way you will get old one day, he's also expanding Social Security.
oh. by the way, if you give kids more opportunities to succeed, they are more likely to not hop in a gang, hit the streets, and shoot up the spot, jack you when you come thru. bust your car window when you park(even in the nice neighborhood).
See I would rather see the youngins shining. and I'm grown. but I also would rather have the youngins not busting me in my head cause they don't have options and rather see them in free college, or working on this infrastructure. you know, even if you're all the things you've named above. you still need the countries infrastructure to be a lot better than what it is. unless you want the bridges you drive on to collapse. that has happened a few years go in the Midwest. It could be you next.
you would like to smooth the streets out, so you can stop tearing up your BMW rims and killing your alignment which will cost you crazy cash vs someone driving a bucket.
Free health care is real nice. just because you have a career today doesn't mean your company wont kick you to the curb tomorrow. and no you wont get a job in 1 months time every single time. so it would surely be nice for you to have health coverage even when you're out of work. one less headache. what if you want to change careers. But you need to take some other classes for this new career, and you need some time on the job to get your experience up. and you wont get paid much for that. or not nearly as much as you earn now? it surely would be nice to have health benefits while going thru that transition.