Re: Infrastructure Stimulus
Posted: Wed Apr 07, 2021 2:17 pm
Increases in spending under Trump made no attempt to pay for as we go, instead borrowed money. In addition, during this increase in spending, he cut the federal revenue stream with tax cuts for the wealthy.
Do those people think that only big companies would be paying more taxes and that their personal finances won’t be impacted?FangKC wrote: ↑Wed Apr 07, 2021 10:34 pmIncreases in spending under Trump made no attempt to pay for as we go, instead borrowed money. In addition, during this increase in spending, he cut the federal revenue stream with tax cuts for the wealthy.
At least Biden is making an attempt to pay for things as we go with increasing some taxes.
I've been talking to people about this, and the consensus seems to be that many taxpayers don't mind the increased spending and higher taxes if the money is spent inside the USA, and not fighting and financing expensive foreign wars.
Speak for yourself! I don’t mind paying my fair share in taxes and don’t think I have to agree or approve how every penny is spent but I’ve got several years left in the workforce and can never save enough for my own two daughters future. I want a easier life for them and other future adults but I think our government continues to prove they’re terrible with money management. So at least for my kid’s, my personal/family wealth has a very important point.TheSmokinPun wrote: ↑Thu Apr 08, 2021 1:34 pm Tax me then, I can't take money with me after death & personal wealth is pointless. Future generations deserve a great infrastructure to pop into. We keep venerating the Greatest Gen & stuff without doing all the self sacrifice of previous generations.
I understand what you’re saying but I also know dozens of everyday barely middle class millennials who have purchased homes. I think many people in our age group have a sense of entitlement or they want a home beyond their means. They want to skip the starter home and go straight to the 4 bed, 3 bath home.TheSmokinPun wrote: ↑Thu Apr 08, 2021 4:41 pm I'm 31, my parents tried to save for us too, all wiped out through various recessions & stuff. 9/11 wrecked our hope, 2008 ruined our chances, COVID just dug the knife in deep. We will never get the chance to buy a home or anything at this rate, & it's no fault of our families but of banking & choices made by the 2000s White House, which oh look.
The millennials are now the biggest generational group & we're permanently priced out of homebuying unless our families were wealthy or got rich off of something else. The middle class is shot & everyone is still dogging in on taxes. So good luck to your kids, maybe there will be chances to buy homes one day but it isn't looking too shiny based off the already well into adulthood & entering middle age millennials & the now becoming adult zoomers. Good luck.
You must live on MarsDColeKC wrote: ↑Thu Apr 08, 2021 9:01 pmI understand what you’re saying but I also know dozens of everyday barely middle class millennials who have purchased homes. I think many people in our age group have a sense of entitlement or they want a home beyond their means. They want to skip the starter home and go straight to the 4 bed, 3 bath home.
Nope, right here on earth but the fact you think I’m the one on Mars is insightful.TheLastGentleman wrote: ↑Thu Apr 08, 2021 9:10 pmYou must live on MarsDColeKC wrote: ↑Thu Apr 08, 2021 9:01 pmI understand what you’re saying but I also know dozens of everyday barely middle class millennials who have purchased homes. I think many people in our age group have a sense of entitlement or they want a home beyond their means. They want to skip the starter home and go straight to the 4 bed, 3 bath home.
Exactly. It’s possible if people understand their means. Sure, we have problems in this country with personal finances like the idea you basically have to go into debt to build credit. However the idea most working class folks simply can’t afford a home isn’t accurate and plays into victimhood.shinatoo wrote: ↑Fri Apr 09, 2021 8:01 am My son is 25. just bought a house out by the stadium for 120k, fine shape, needed a little work.
3 bed 2 bath raised ranch, great starter home.
Just did a Zillow search and I see 87 homes, 3 bed 2 bath minimum, for sale under $150k. Max payment on a 30 year would be $800 a month.
All homes under 150k numbered over 800.
All my nephews and cousins that are millennials and younger have homes and none of them are high earning professionals. I could also name 6 of my son's friends that have bought houses in the area. None of them are children of wealthy family's.
Just talking about Kansas City. I understand my statement was anecdotal, but it was also factual. KC is a different animal than large swaths of our country. In fact there is plenty of affordable housing in most midwestern cities.phuqueue wrote: ↑Fri Apr 09, 2021 8:46 am Who even needs studies or statistics when you have anecdotes?
By making it easier to build, promoting infill, and building sprawl at 1900s density levels. Cutting transpo costs by reducing car ownership would open up funds for housing.shinatoo wrote: ↑Fri Apr 09, 2021 9:15 amI don't know how we are going to solve that issue since you can't build a 1500sft house in KC for less than 250k. And probably higher now because of covid related lumber shortages, and building material shortages in general.phuqueue wrote: ↑Fri Apr 09, 2021 8:46 am Who even needs studies or statistics when you have anecdotes?
OK, But this is what a 1500 infill new house looks like now. 3 bed 2.5 baths, $450knormalthings wrote: ↑Fri Apr 09, 2021 10:40 amBy making it easier to build, promoting infill, and building sprawl at 1900s density levels. Cutting transpo costs by reducing car ownership would open up funds for housing.shinatoo wrote: ↑Fri Apr 09, 2021 9:15 amI don't know how we are going to solve that issue since you can't build a 1500sft house in KC for less than 250k. And probably higher now because of covid related lumber shortages, and building material shortages in general.phuqueue wrote: ↑Fri Apr 09, 2021 8:46 am Who even needs studies or statistics when you have anecdotes?
Yeah, because anecdotal evidence isn't relevant. SMHphuqueue wrote: ↑Fri Apr 09, 2021 8:46 am Who even needs studies or statistics when you have anecdotes?