To: LibertarianInExile
50 posted on
11/30/2004 4:26:18 PM PST by
buccaneer81
(Rick Nash will score 50 goals this season ( if there is a season)
To: buccaneer81
First: most of the extra income from a second earner will go towards taxes because all the extra income will be taxed at the highest income bracket.
Second: the cost of "quality" daycare is astronomical.
Third: add in the extras like a quality car needed for many jobs, insurance on that car, a constantly updated work wardrobe, cost of eating out for lunch each day, extra gas driving back and forth to work and to pick up the kids from daycare, increased medical costs from your children getting sick more often, ect... and you'll see my point.
Income level doesn't matter, a higher income earner will only buy a more expense car, with higher insurance, a better work wardrobe, and send their child to a more expensive day care.
54 posted on
11/30/2004 4:47:46 PM PST by
Nyboe
To: buccaneer81
The REAL problem stems from too many people living above their means.
Most people who live in a two earner family will simply buy a more expensive house and car... and in the end money will be just a tight as it was with one income.
The fundamental fact of money that most people never get... is that it doesn't matter how much you make... it matters how much of what you make you save...
If you never get that ... you'll never get rich.
here, I'll put it another way... if you don't understand that someone who earns 50 thousand a year but saves 10 of it... is wealthier that the person who earns 100 thousand but spends 110... you'll never be rich, and you'll always feel the pressure to take a second job or to have your spouse work also ... only to realize in the end you still cant pay the bills.
59 posted on
11/30/2004 5:05:07 PM PST by
Nyboe
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