Quote:
Originally Posted by Zoe";p="
the tax plan that I advocate would make me a lot poorer. It isn't hard for a business owner to write off expenses, travel, vehicles and a lot of things that are only partially related to the business. People do not get rich earning an hourly wage, no matter how many hours per day they labor. Mr. Mcguire of United Health Group lives a 24 hr. day like the rest of us but earned 1.6 B in compensation. Find some evidence that he works harder than others,evidence that he is a genious, has created lots of jobs. ? Becoming very wealthy rarely has anything to do with extraordinary hard work or job creation . It is its own peculiar talent. Persuade those pals on the board of directors to provide generously regardless of job performance... that is obviously key.
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Anybody, and I mean anybody, in the United States can retire a millionaire by using compounding interest. It just takes the discipline of saving a small amount over a long period of time. Our nation just sucks at saving, and that is a pathetic shame. I can fully encourage anyone to read "The Millionaire Next Door", it will give you great insight on the power of saving and astound you on how many millionaires live right next door to you.
And you are very mistaken by those you say don't work hard being self employed. I have done very well working for myself for 35 years and only working half days. I just chose what half day I want to work, the first 12 hours or the second 12 hours.
People work 40 hours a week in this country just to stay even, and that is a shame.