Correct one the gold standard. The average person could just save and not lose their wealth. You have to invest now instead of saving or the Fed and government robs your wealth, unless it's in a real asset The flip side is that without this runaway system. You're not going to get the government that you want
the working rich always will pay more taxes than the investor class. That being said the average teachers income tax rate is essentially zero so I’m not sure how much less you can pay than that.
Speaking from 60+ years of paying federal and various state taxes, my personal middle class experience has been, the Left usually (not always) told us OUR "taxes" would go up; the Right usually (not always) would tell us THE "taxes" would go down. In both cases, I got screwed.
i have multiple teacher self made millionaire clients. No joke. It is possible. Well at least in California where teachers can retire with 6 figure pensions.
The middle class pays a lower marginal tax rate today than it has ever since we really started taxing income. The rich pay essentially the same marginal tax rate they’ve paid for 50 years
Well ya okay I could see it then. My sister teaches in Murfreesboro and, uh, has a different situation
The people that get squeezed the most are the working upper middle class. They get phased out of every credit imaginable. A single person making above 170K is going to start to get hammered quickly.
i have a client who’s husband died of cancer at 55 with cancer and was a teacher and their two combined pensions pay $150k a year with cost of living increases
On the Tesla price, i wouldn't want to be in come 2023, because a lot of good electric vehicles hit in late 2022 and that market might start looking very different. The Ford Lightning and some others may be stiff competition. The vehicle options are going to grow faster than the market for electric vehicles
