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JimmyBT

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Posts posted by JimmyBT

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    25 minutes ago, ThreePointTakedown said:

    This is a point for how there is no such thing as common sense. 

    Do rich people need to eat more or wash their clothes more or fill their car with gas more or any of the many things that people need to pay for to live? 

    The answer is no. 

    https://www.courts.ca.gov/documents/BTB25-PreCon4-15.pdf

    Transportation. To get to work, a low-income person often must obtain a personal car, especially in rural areas that lack public transportation. Without a solid credit history, a low-wage earner may be forced to finance a car with a "sub-prime" lender, which charges a much higher rate - sometimes double or triple the prime rate. That can cost thousands of dollars extra in finance charges. Low-wage earners also are typically limited to cheaper and less efficient cars, which cost more to operate in fuel and repairs. In many low-income metropolitan neighborhoods, automobile insurance is more expensive - as much as $1,000 more a year .

    Household goods. Low-income areas are often economically isolated. There is less business development, therefore less retail competition. The only choices in shopping for groceries, clothing, medicine, furniture and other household necessities may be smaller stores that lack the economy of scale to offer discount prices. Some cash-strapped consumers resort to rent-to-own businesses to buy furniture, appliances and electronics for lower monthly payments, but in the long run they pay as much as two to three times more than cash buyers do .

    Housing. Affordable rental housing is in short supply, which often means low-income families pay considerably more than the recommended 30 percent of income on housing. Those who want to buy a home often wind up, because of a poor credit history or a lack of lending agencies in the area, with a mortgage from a "sub-prime" lender that charges twice the rate of a prime loan. The higher interest can add as much as $500 to the monthly mortgage payment. In rural areas, the poor often opt for manufactured housing because it's initially less expensive. However, a mobile home costs more to finance because it's personal property, and, unlike a house, it depreciates in value. Furthermore, the cost of homeowner's insurance in lower-income neighborhoods can be as much as $300 more than higher-income neighborhoods ../

    Health care. Only 30.8 percent of people earning $25,000 a year or less have health insurance paid by employers, compared with 79.7 percent of people earning $75,000 or more, according to the U.S. Census Bureau (2016). For low-income families, that means more out-ofpocket expenses for health care. Many are forced to choose between filling a prescription or a sack of groceries. Delayed medical care typically results in worsened health conditions, which are even more expensive to treat . ../ Child care. The working poor are often single parents who must arrange for care of their children. Nationally, the cost averages $9,589 per year per child, which is difficult to absorb into a modest budget (New America Care Report , 2015). As a disproportionate bite of a low income, it can squeeze out other necessities . ../

    Financial services. Poor neighborhoods and rural areas often lack mainstream financial institutions. As a result, the areas are targets for predatory financial industries, such as check-cashing outlets and payday lenders, which charge high fees for the convenience of quick cash and credit. Low-wage workers may spend 2-3 percent of their pay just to obtain cash and can pay up to 521 percent annual percentage rates if they fail to repay loans due on the borrower's payday (Pew Trusts, 2012). The higher fees, finance charges and other costs add up to hundreds or thousands of dollars spent by low-income families every year. Unfortunately, low-income families often lack the skills and resources to be savvy consumers. They are less likely to have access to the Internet, newspapers and other resources to comparison shop and learn good money management in order to get the most for their dollar.

    At the end of the day, it costs more to be poor.

    (copy/pasted from the site) 

     


    in your babble blast

    often must

    often (5x)

    sometimes

    Typically limited

    as much as 

    considerably

    can add

    many

    may be (5x)

    may

    less likely

     

    • Bob 1

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted

    14 minutes ago, ThreePointTakedown said:

    This is a point for how there is no such thing as common sense. 

    Do rich people need to eat more or wash their clothes more or fill their car with gas more or any of the many things that people need to pay for to live? 

    The answer is no. 

    https://www.courts.ca.gov/documents/BTB25-PreCon4-15.pdf

    Transportation. To get to work, a low-income person often must obtain a personal car, especially in rural areas that lack public transportation. Without a solid credit history, a low-wage earner may be forced to finance a car with a "sub-prime" lender, which charges a much higher rate - sometimes double or triple the prime rate. That can cost thousands of dollars extra in finance charges. Low-wage earners also are typically limited to cheaper and less efficient cars, which cost more to operate in fuel and repairs. In many low-income metropolitan neighborhoods, automobile insurance is more expensive - as much as $1,000 more a year .

    Household goods. Low-income areas are often economically isolated. There is less business development, therefore less retail competition. The only choices in shopping for groceries, clothing, medicine, furniture and other household necessities may be smaller stores that lack the economy of scale to offer discount prices. Some cash-strapped consumers resort to rent-to-own businesses to buy furniture, appliances and electronics for lower monthly payments, but in the long run they pay as much as two to three times more than cash buyers do .

    Housing. Affordable rental housing is in short supply, which often means low-income families pay considerably more than the recommended 30 percent of income on housing. Those who want to buy a home often wind up, because of a poor credit history or a lack of lending agencies in the area, with a mortgage from a "sub-prime" lender that charges twice the rate of a prime loan. The higher interest can add as much as $500 to the monthly mortgage payment. In rural areas, the poor often opt for manufactured housing because it's initially less expensive. However, a mobile home costs more to finance because it's personal property, and, unlike a house, it depreciates in value. Furthermore, the cost of homeowner's insurance in lower-income neighborhoods can be as much as $300 more than higher-income neighborhoods ../

    Health care. Only 30.8 percent of people earning $25,000 a year or less have health insurance paid by employers, compared with 79.7 percent of people earning $75,000 or more, according to the U.S. Census Bureau (2016). For low-income families, that means more out-ofpocket expenses for health care. Many are forced to choose between filling a prescription or a sack of groceries. Delayed medical care typically results in worsened health conditions, which are even more expensive to treat . ../ Child care. The working poor are often single parents who must arrange for care of their children. Nationally, the cost averages $9,589 per year per child, which is difficult to absorb into a modest budget (New America Care Report , 2015). As a disproportionate bite of a low income, it can squeeze out other necessities . ../

    Financial services. Poor neighborhoods and rural areas often lack mainstream financial institutions. As a result, the areas are targets for predatory financial industries, such as check-cashing outlets and payday lenders, which charge high fees for the convenience of quick cash and credit. Low-wage workers may spend 2-3 percent of their pay just to obtain cash and can pay up to 521 percent annual percentage rates if they fail to repay loans due on the borrower's payday (Pew Trusts, 2012). The higher fees, finance charges and other costs add up to hundreds or thousands of dollars spent by low-income families every year. Unfortunately, low-income families often lack the skills and resources to be savvy consumers. They are less likely to have access to the Internet, newspapers and other resources to comparison shop and learn good money management in order to get the most for their dollar.

    At the end of the day, it costs more to be poor.

    (copy/pasted from the site) 

     

     

     

    14 minutes ago, ThreePointTakedown said:

    This is a point for how there is no such thing as common sense. 

    Do rich people need to eat more or wash their clothes more or fill their car with gas more or any of the many things that people need to pay for to live? 

    The answer is no. 

    https://www.courts.ca.gov/documents/BTB25-PreCon4-15.pdf

    Transportation. To get to work, a low-income person often must obtain a personal car, especially in rural areas that lack public transportation. Without a solid credit history, a low-wage earner may be forced to finance a car with a "sub-prime" lender, which charges a much higher rate - sometimes double or triple the prime rate. That can cost thousands of dollars extra in finance charges. Low-wage earners also are typically limited to cheaper and less efficient cars, which cost more to operate in fuel and repairs. In many low-income metropolitan neighborhoods, automobile insurance is more expensive - as much as $1,000 more a year .

    Household goods. Low-income areas are often economically isolated. There is less business development, therefore less retail competition. The only choices in shopping for groceries, clothing, medicine, furniture and other household necessities may be smaller stores that lack the economy of scale to offer discount prices. Some cash-strapped consumers resort to rent-to-own businesses to buy furniture, appliances and electronics for lower monthly payments, but in the long run they pay as much as two to three times more than cash buyers do .

    Housing. Affordable rental housing is in short supply, which often means low-income families pay considerably more than the recommended 30 percent of income on housing. Those who want to buy a home often wind up, because of a poor credit history or a lack of lending agencies in the area, with a mortgage from a "sub-prime" lender that charges twice the rate of a prime loan. The higher interest can add as much as $500 to the monthly mortgage payment. In rural areas, the poor often opt for manufactured housing because it's initially less expensive. However, a mobile home costs more to finance because it's personal property, and, unlike a house, it depreciates in value. Furthermore, the cost of homeowner's insurance in lower-income neighborhoods can be as much as $300 more than higher-income neighborhoods ../

    Health care. Only 30.8 percent of people earning $25,000 a year or less have health insurance paid by employers, compared with 79.7 percent of people earning $75,000 or more, according to the U.S. Census Bureau (2016). For low-income families, that means more out-ofpocket expenses for health care. Many are forced to choose between filling a prescription or a sack of groceries. Delayed medical care typically results in worsened health conditions, which are even more expensive to treat . ../ Child care. The working poor are often single parents who must arrange for care of their children. Nationally, the cost averages $9,589 per year per child, which is difficult to absorb into a modest budget (New America Care Report , 2015). As a disproportionate bite of a low income, it can squeeze out other necessities . ../

    Financial services. Poor neighborhoods and rural areas often lack mainstream financial institutions. As a result, the areas are targets for predatory financial industries, such as check-cashing outlets and payday lenders, which charge high fees for the convenience of quick cash and credit. Low-wage workers may spend 2-3 percent of their pay just to obtain cash and can pay up to 521 percent annual percentage rates if they fail to repay loans due on the borrower's payday (Pew Trusts, 2012). The higher fees, finance charges and other costs add up to hundreds or thousands of dollars spent by low-income families every year. Unfortunately, low-income families often lack the skills and resources to be savvy consumers. They are less likely to have access to the Internet, newspapers and other resources to comparison shop and learn good money management in order to get the most for their dollar.

    At the end of the day, it costs more to be poor.

    (copy/pasted from the site) 

     

     

    I’m so glad I’m not you.   It HAS to be hard to get your ass kicked by life every day.  Everyone one of those things can be remedied very easily in this country if someone wants to make it happen.   Keep up with the drama though.  Youre say gooder attitude will save the world. 

    • Bob 1

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    5 minutes ago, ThreePointTakedown said:

    What is the point of this comment? 

    Poor people should get up and move to that state. Is that your solution? 

    It’s funny how a migrant can make it across countries yet someone here can’t move to a different state.  There’s thousands and thousands living California as we speak. Why?  Taxes and cost of living 

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted

    2 minutes ago, ThreePointTakedown said:

    The poor, as we all know and has been stated before, are flush with extra cash after paying their bills. The do pay up to 9.6% in sales tax when they buy just about all the things they need to survive. So as far as that is concerned they already pay the flat tax you are interested to implement. 

    Please tell me what exactly is it that people need to survive these days? 

    • Bob 1

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted

    Just now, ThreePointTakedown said:

    The poor, as we all know and has been stated before, are flush with extra cash after paying their bills. The do pay up to 9.6% in sales tax when they buy just about all the things they need to survive. So as far as that is concerned they already pay the flat tax you are interested to implement. 

    So does everyone else. Up to.  Bahahhahahaha.  And we’re talking about income tax 

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    5 minutes ago, ThreePointTakedown said:

    Your comment doesn't factor in a flat tax but is a comment on the current tax system. My opinion is that they don't pay their fair share. If you think they do, currently. Please defend that position? 

     

    Oh and the chart that was presented by mspart clearly defends my position in the current system.   Over 40% don’t pay federal income tax as it is.  

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted · Edited by JimmyBT

    2 minutes ago, ThreePointTakedown said:

    Your comment doesn't factor in a flat tax but is a comment on the current tax system. My opinion is that they don't pay their fair share. If you think they do, currently. Please defend that position? 

     

    Not my fault you can’t or didn’t read my comment a bit above that one. Again, with a flat tax, which I strongly support your hypothetical doesn’t exist.  

    One principle that stands above all others: personal accountability

    in Non Wrestling Topics

    Posted

    1 hour ago, ThreePointTakedown said:

    Since you didn't answer the question twice do you really think you have any leg to stand on asking me to answer a question? 

    Because I know just reading that gets you all hot and bothered I'll answer your question. https://www.brotherhoodmutual.com/resources/safety-library/risk-management-articles/administrative-staff-and-finance/finances/fraudsters-target-churches/#:~:text=Church crime continues to grow,are not included in statistics.

    Is my source. Considering churches are not required to show anyone how much they take in or spend or have stolen from them. There really is no way of knowing if the number is accurate. But...

    https://www.augustachronicle.com/story/news/crime/2023/01/10/doj-church-committed-22-million-fraud-scheme-targeting-military/69794832007/ $22M is a lot. And probably not the only one. 

    So it’s like when you tell me I can’t use the argument that there is playing time and positions being taken away from girls/women by biological boys/men, that are trans.  There’s really no way to know the number buts it’s happening.  Got it. 

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