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Anthony Bourdain on not having debt

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Re: Anthony Bourdain on not having debt

#151
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

I don't mind paying property and local taxes for this reason, but if my Federal taxes are going to go toward building that fucking wall, I will do everything I can to avoid paying them.

Re: Anthony Bourdain on not having debt

#152

I wish more people thought this way. Debt can be be used effectively, but as Uncle Ben said, "With great power comes great responsibility." It seems that too much of America is wooed into a false sense of security by their ability to obtain debt without judging their ability to pay that debt off.

Debt is new currency. If everyone is buying their cars with credit, soon nobody can afford to buy with cash. Around here even if you have decent wage right now, but not a stable job, you can't get credit to buy a house, while someone with a low pay but stable job can, you're effectively poorer than them.

You seem to appraise the stability of a job as having zero (or at least very low) value. This might be justified if you are certain that you can get a new job in a short term if you lose the current one. However, from the banks' viewpoint the probability of you getting a new job soon enough to not miss any payments may be appraised much lower, possibly being influenced by other economic sectors where getting a new job takes much longer. Banks have interest and dividend payments to make themselves, so they obviously place a high value on stability. So yes, someone with a lower paying but more stable job may be more wealthy than someone with a higher paying but more unstable job.

Appraising the current net value of a job is always a bit shaky though, because there are so many variables.

Re: Anthony Bourdain on not having debt

#153
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

I don't mind paying property and local taxes for this reason, but if my Federal taxes are going to go toward building that fucking wall, I will do everything I can to avoid paying them.

I wondered how Mexican taxpayers felt about this...

Re: Anthony Bourdain on not having debt

#154
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

I don't mind paying property and local taxes for this reason, but if my Federal taxes are going to go toward building that fucking wall, I will do everything I can to avoid paying them.

Serious question: were you alright in past years with your federal taxes going to the war in Iraq, as an example? Where do you draw your personal line for "this type of activity against foreign nationals is alright, but that type is where I draw the line?"

Anyone can feel free to answer this one. I'm interested in where people are drawing their own lines.

Re: Anthony Bourdain on not having debt

#155

Earlier quoted context omitted.

Nobody ever argues that roads, railroads, and highways are an unfair tax burden. It's such a ridiculous straw man. The beef that most Libertarians have with government spending is with entitlement programs.

Sandy Rios, of American Family Radio, has indeed argued in the past that the Interstate Highway System was and is a waste of taxpayer dollars. So no, it's not a straw man. Some conservatives really do believe this.

I'll remember this example the next time some conservative starts ranting about Bill Ayers.

Re: Anthony Bourdain on not having debt

#156
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

So you don't take any deductions? Do you pay more than you need to for taxes?

Re: Anthony Bourdain on not having debt

#158

Earlier quoted context omitted.

I was thinking about this recently when I filed my taxes. Maybe if they provided some kind of itemized receipt? "You paid $x in taxes. This was distributed as $y to infrastructure, $z to education, $w to defense" etc.

Your tax dollar don't pay for $y, $z or $w. You pay for the national debt mostly at this point. The government overspends and gets its money either from debt or from over printing. Even if top 10 of fortune 500 paid 100% taxes, it would still not cover spending. Just saying.

[deleted]

Re: Anthony Bourdain on not having debt

#159
post #21
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

Not sure if you're living in the US, but I do and I have the exact opposite viewpoint. The amount of waste, corruption and poor planning by the gov't makes me feel like I'm throwing money away. I'd rather give it a charity since then I'd know a majority of it had an impact. I think if the gov't was a bit more efficient and could be shown to be good stewards of money I'd probably hate paying taxes a lot less.

> The amount of waste, corruption and poor planning by the gov't

[Citation needed.]

Re: Anthony Bourdain on not having debt

#160
post #17

> Nobody likes paying high taxes, but I don’t mind. How refreshing. I agree with him. Paying my taxes is a point of pride for me. It's a repayment for all those years I was poor and the government paid for me to live and go to school.

[deleted]
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