Now that we Amis have a nice tax cut, how to reduce spending to cover it?

[Defiant]

USPS breaks even with postage charged, they are really no expense to the people except what you pay for postage either individually or corporate.

Legalize "ALL" drugs, slight problem there, cocaine and heroine are kind of dangerous and more costs would be generated if you made them legal.

Cut our military by 100B, if you can keep the same lethality of it, I am all for it.

[Defiant]

Damn Oerdin,
You just described my father, these kind of guys should be our elected officials, then **** would be done right.

[Lawrence of Arabia]

Legalize "ALL" drugs, slight problem there, cocaine and heroine are kind of dangerous and more costs would be generated if you made them legal.

What sort of costs?

USPS breaks even with postage charged, they are really no expense to the people except what you pay for postage either individually or corporate.

Source?

[Stefu]

Tuome! I wish to see the picture!

Post it in Suomithreadi or something.

[Dinner]

Lawrence: The USPS was reformed in the mid 1970's and hasn't cost the tax payer $0.01 since then.

[Lawrence of Arabia]

Lawrence: The USPS was reformed in the mid 1970's and hasn't cost the tax payer $0.01 since then.

Ok, I'll believe it.
So why not privitize it then?

[Defiant]

Geee Larry,
Alcohol is bad enough, don't you think people on Crack and Heroine which is extremely addictive will kill people accidentally or on purpose and not only that, once addicted they will sell or steal to feed their habit, or haven't you been watching TLC or Discovery. Kind of a known fact. Also I am a manager in a Mail Order company, postage is kind of a big deal to our business and Oerdin covered it as well, it is a known fact that USPS in self sufficient.

[Jon Miller]

the real point is that millionaires are not that rich anymore

you need at least 3 or 5 million

JHon Miller

[Az]

Originally posted by Lawrence of Arabia


Ok, I'll believe it.
So why not privitize it then?

[Defiant]

Larry,
You privatize it or run more efficient so I don't have to pay 546,000 dollars to mail x million amout of catalogs in January so we can make a better bottom line so maybe I could get a raise.

[Arrian]

Originally posted by Oerdin
The average American millionaire makes $95,000 per year, he lives in a home worth $325,000, he is married with two kids neither of which live at home with him, he has never been divorced, his wife is most likely working part time but stayed at home when the kids were young, the two most commonly owned cars are a Ford Thaurus and a Toyota Camery, he wears a suit he bought off the rack at Sears, his kids went to public school but his grandkids go to privite school, about half owned their own company while the other half worked for someone else, and the average American millionaire has a bachelor's degree from a state school.

What's the big common factor between all of these millionaires? They save, save, save. that's right these guys are frugal, they clip coupons, there car is 5 years old on average, and they tend to think of things in a long term fashion ("Where do I want to be in 5 or 10 years" verses "Where do I want to go on vacation next month").

In many ways quite similar to my parents. Save, save, save. Drive 10 yr old cars. Think far into the future. The income level & house worth are a bit off, but if you adjust for the cost of living in Southern Connecticut vs. the US average, it's probably really close.

-Arrian

[gsmoove23]

If we're talking about the wealthiest 5% in the US we're not talking about millionaires and I think its quite clear that most of them are born wealthy.

[Dinner]

Originally posted by Lawrence of Arabia
Ok, I'll believe it.
So why not privitize it then?

There is a legal problem. The country's constitution legally requires the federal government to maintain a nation wide postal service.

[Dinner]

Originally posted by gsmoove23
If we're talking about the wealthiest 5% in the US we're not talking about millionaires and I think its quite clear that most of them are born wealthy.

Moove: What are you basing this assumption upon? I see no reason why the trend would be any different especially since the estate tax will still take a 50%-80% wack out of daddy's money before junior gets his paws on it.

[gsmoove23]

Its not a trend Oerdin. Your book talks about people with reasonably high salaries and savvy investment practices coupled with frugality. This is not a trend for the top 5% of the US. It is a completely different scale and if your starting from scratch it would probably involve killing a few people or a few thousand to amass that much.