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Comment Re:It's called market demographics. (Score 1) 85

Average student loan debt in the US is about $37,000, not too far off what the average US car loan of $30,000. And I see a lot of new cars being purchased by relatively new graduates, especially when it's their "first car" at their first post-collegiate job.

It is also well below the median income of people with a college degree, and the difference between the median high school graduate and the median college graduate is large enough that less than two years of income differential covers for the median college debt - meaning it is still a good investment.

Comment Re:It's called market demographics. (Score 2) 85

Oh, I fully agree! There's a huge world of difference between India and Spain! But there's also a pretty big economic gulf between Spain and the US, or Spain and Germany. Spain is a first world nation, but it's also about in the bottom 1/3rd of the OECD (source). The US is way ahead, in terms of GDP per capita. Spain isn't as bad as Portugal, but I don't think the average Spaniard would claim their country is anywhere near an economic powerhouse.

Comment Re: Taxes are for dummies (Score 1) 903

Three percent is less than what the bottom 50% pay in income taxes. But I get it - hang the rich over them "only" paying an average of 22% of income (and 28% capital gains tax) since the proletariat pay around 3.5% average for income taxes, and 0% for capital gains taxes. How dare those rich people only pay 7+ times more tax rate (and 50% of all personal taxes paid - income, capital gains, and SS/FICA) even though they only make 20% of all income!

Comment Re: Taxes are for dummies (Score 1) 903

If you read the link, you'll find:

Taxpayers earning income above certain thresholds ($200,000 for singles, $250,000 for married couples filing jointly) pay an additional 3.8% tax on all investment income.[3][4] Therefore, the top federal tax rate on long-term capital gains is 23.8%.[5]

That brings the difference down to about 3%. Essentially nothing. The fact is - you were worked up about the rich not paying anything, about capital gains taxes being nothing, and the facts are exactly the opposite. But it doesn't make good class warfare ammunition to have the actual truth out there so the myth that the "rich pay nothing" is constantly pushed.

Comment Re: Taxes are for dummies (Score 1) 903

So you would dramatically increase taxation for the lowest 50% of all taxpayers. I'm all for it - is that what you really wanted to say, though? You would also give most of the upper-middle-class and lower-upper-class a significant tax break as well...(see this summary of 2016 tax returns for a breakdown of what we already pay).

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