04-24-2020, 06:50 AM
(04-23-2020, 09:03 AM)HURRICANE!!! Wrote: [ -> ](04-20-2020, 03:10 PM)The Real Marty Wrote: [ -> ]If you have 200k a year in taxable income there is no excuse for you not to have enough savings to last a long time without a government handout.
I disagree. If you make $200k/year and even if half of that income is from rental income, there is risk that a large portion of that rental income is not going to get paid for months. As such, even if the rent does get paid, why does Trailer Joey hanging out in Sin City Arlington drawing welfare checks from the Gov get $1,200 whereas someone contributing to the economy most likely paying 24% taxes get nothing. In essence, Trailer Joey is suffering no hardship since he had no income outside of his welfare checks to begin with.
You said "I disagree," but then you made a point that had nothing to do with what I said. So I'm not sure how you are disagreeing with me.
(04-23-2020, 10:16 AM)StroudCrowd1 Wrote: [ -> ](04-23-2020, 09:03 AM)HURRICANE!!! Wrote: [ -> ]I disagree. If you make $200k/year and even if half of that income is from rental income, there is risk that a large portion of that rental income is not going to get paid for months. As such, even if the rent does get paid, why does Trailer Joey hanging out in Sin City Arlington drawing welfare checks from the Gov get $1,200 whereas someone contributing to the economy most likely paying 24% taxes get nothing. In essence, Trailer Joey is suffering no hardship since he had no income outside of his welfare checks to begin with.
Thank you! One of the few (unexpected) people to understand the point I was trying to make.
I believe TRM is implying that everyone should maintain the same standard of living and if a pandemic somehow prevents a 200K earner from paying their $3,000 a month mortgage, then they are irresponsible for taking it in the first place.
No, what I was saying was that if you have the means, then it is irresponsible not to have some savings to tide you over for a few months if something happens to your job. And I think anyone who makes 200k in taxable income has the means to save up some money.