Obama/McCain on CNN discussing your next boat

Four Suns

Four Suns

Not a pot stirrer
TECHNICAL Contributor
Oct 4, 2006
10,533
Williamsburg, VA
Boat Info
2003 480 DB
Engines
QSM-11 Diesels
Well... discussing the fact you'll never get another boat.

OK... this board needs some spicing up... and I'll get red balled to death for bringing it up... Obama is getting interviewed on CNN right now..

Middle Class = $150K/year or less for a family
Rich = more than that.
 
I think they should pass a law that any rich person (i.e. Frank H.) that sells a boat should have to send it all to the government.... yeah... that works.
 
Well, I missed that part. However, $151K/yr does not equal rich. That's still middle class in my opinion. For that matter 250k/yr does not = rich. Reasonably well off. Maybe, but not rich.

McCain just said Five Million or something along those lines. I'd agree with that, but that's still not a reason to raise taxes. Once again my opinion.
 
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I'm digging most of this out from memory, but over the last couple years I've been watching wealth statistics. The top 1% in this country have 5 million or more in investable assets (excluding home). There is a lot of marketing to this group... as they make up nearly 3 million people, or on average, 60,000 people per state. Many got their money from starting a company and then selling it.

The statistic I seem to remember from a few years ago (it may be out of date), the top 5% of this country made $100k or more each year (individual, so if you're married, you need to make $200k).

The median (for non-stats types, the halfway point) income was a bit over $40k.

The funny thing was there was a survey done of high school students and when asked how much they expected to make as an annual income after a few years into their careers, the average of male respondents was something like $170k a year and the average of female respondents was something like $120k a year. The author of the article first recognized that they were way out of whack with what people make... but then used it as a basis that this lack of expectation by females was causing them to be paid less!

Most people seem to think the "rich" guy is the guy that makes more than you do... no matter how much you make. I have no idea where to draw the line. All I know is the government is supposed to take before it gives... I think they already take way too much and they sure are giving away a whole lot more than they take.

The last thing we need is someone that is going to take more, borrow more and give more... we're not on that side of the yield curve.
 
Jim240 said:
The funny thing was there was a survey done of high school students and when asked how much they expected to make as an annual income after a few years into their careers, the average of male respondents was something like $170k a year and the average of female respondents was something like $120k a year. The author of the article first recognized that they were way out of whack with what people make... but then used it as a basis that this lack of expectation by females was causing them to be paid less!
Click to expand...

Interesting. I poll my students every year and ask that question and one about post high school education. All freshmen are going to college and will be making big bucks and the drop off is dramatic for the juniors and especially the seniors. Both those groups normally have some kind of job and they then realize hard work=good pay but I also ensure they realize post high school education=higher pay. Reality hits them around Jr, Sr time frame for most of them. I never broke out the males and females for answers. I think I'll try that.
Post high school education includes apprenticeship, vocational, 2 and 4 yr schools... We have the Navy shipyard here and an outstanding apprenticeship program (very high pay while they learn as opposed to their counterparts). But many, many openings go unfilled due to many factors but I believe the biggest is they think they can score a big salary with little work... I tel them, everyone has a dream...
 
I would rather judge the candidates by how many programs they plan to eliminate.

The Republicans used to have this category hands down. . . . now, not so sure.
 
It doesn't matter who's rich and who's not. Tax everyone the same percentage and that's that. Forbes had the right idea.

But if you really want to know who's rich and who is not.. When taxes go up, the rich guy is the one who's going to move his assets. In Jersey, that means that the "rich guys" setup residences outside the state. If the feds decide on similar confiscatory tax rates, the rich will move assets offshore. Pols are too stupid to understand the law of unintended consequences.


Best regards,
Frank C
 
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I'm in the poor bracket, and I have a good job! I guess I need to take up a different hobby. Or, maybe I need to find one of thoes women that make $120,000.00 a year. Yea... I can be a boat boy! Let me practice, yes dear, what ever you want honey, I'll get on it right away, where ever you want to go babe is fine with me. Am I getting it?
 
Nah... it's easier just to bitch about other people making more money... obviously they are taking the money you should be making.

My wife used to always make more money than me when we both worked for NASA. I just knocked her up so many times she had to leave her job and stay home to take care of the kids which made us so poor I ended up leaving the government so I could support her lifestyle.
 
What I find most interesting is that the Feds do not take into account the cost of living when they calculate "rich". The taxes and housing costs are much more on the coasts and large cities than they are in most of the interior. For that reason a dollar is not worth a dollar throughout the country.Somehow people fail to mention that. They also fail to mention that that top group does turn over as people build businesses and then sell them. Businesses are worth more dollars today than they were 5 years ago because of inflation.

In spite of our politicians, this is the greatest country, let's not "Change it"

Mr. Salt
2001 540 CPMY
Caterpillar C-12s
 
Yeah, lets change it. back to when people made things.
 
Bush Senior is not waiting, he recently took delivery on a 38 ft. Fountain center counsel with (3) 300 hp Verado's on the transom....I guess once a pilot you always have that need for speed
 
If our investments and income are to be taxed more under a future gov't, it makes sense to spend money on big boy toys now.
 
tmhudson2 said:
If our investments and income are to be taxed more under a future gov't, it makes sense to spend money on big boy toys now.
Click to expand...

That also applies in a period of higher than normal inflation.

(especially if the value of the toys are dropping. . .)
 
How to catch wild pigs

There was a Chemistry professor in a large college that had some exchange students in the class. One day while the class was in the lab the professor noticed one young man (exchange student) who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country's government and install a new communist government.

In the midst of his story he looked at the professor and asked a strange question. He asked, "Do you know how to catch wild pigs?"

The professor thought it was a joke and asked for the punch line. The young man said this was no joke. "You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get accustomed to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, who are used to the free corn, start to come through the gate to eat, you slam the gate on them and catch the whole herd.

Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.
 
So if all we have to do is put air in our car tires and get a tune up for our car to decrease our dependency on oil by 3-4%, what can we do with our boats? I was thinking of stripping all the bottom paint off and coating her bottom with Olive Oil.
 
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