View Poll Results: Economic Disparity = Education Inequality?

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Thread: Kids from rich families are more likely to succeed?

  1. #81
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by haymarket View Post
    So if I go on a game show and win prizes like cars and vacations worth $65,000.00 - I don't pay any tax on it unless I sell it?
    Winning things is not the same as inheriting things, where taxes were already paid when initially purchased.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by Cephus View Post
    Any inheritance in the middle class is treated the same way as any inheritance in the upper class. The size of the inheritance is irrelevant.
    So lets treat everyone the same and simply remove the protected amounts and simply consult the tax tables accordingly.

    The reality is that middle class people are not protecting ten million dollars in inheritance as the wealthy are.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by Cephus View Post
    Winning things is not the same as inheriting things, where taxes were already paid when initially purchased.
    The person getting the inheritance is no different than the game show winner as they have paid NO TAXES on the value that they get.

    Which is why I said that all money - and in this case it would be items worth money - should be considered as income.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by haymarket View Post
    So if I go on a game show and win prizes like cars and vacations worth $65,000.00 - I don't pay any tax on it unless I sell it?
    Your scenario, you explain how it would work. As I read your proposal, you would tax poor people because that is money that goes in their pocket.

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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by haymarket View Post
    The person getting the inheritance is no different than the game show winner as they have paid NO TAXES on the value that they get.

    Which is why I said that all money - and in this case it would be items worth money - should be considered as income.
    Actually, taxes have to be paid on most won property over a certain value. If you win the lottery, you pay taxes on your winning. That's why so many people immediately sell their game show winnings in order to pay the taxes on it.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by AliHajiSheik View Post
    Your scenario, you explain how it would work. As I read your proposal, you would tax poor people because that is money that goes in their pocket.
    Money or value in monetary terms.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by Cephus View Post
    Actually, taxes have to be paid on most won property over a certain value. If you win the lottery, you pay taxes on your winning. That's why so many people immediately sell their game show winnings in order to pay the taxes on it.
    Yes - so we tax some postal worker when he wins $55 K on a game show but allow the rich to shelter 10 million in inheritance?

    Where is the justice in that?
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by haymarket View Post
    Yes - so we tax some postal worker when he wins $55 K on a game show but allow the rich to shelter 10 million in inheritance?

    Where is the justice in that?
    Because that $10 million has already been taxed. You only have to pay taxes once. If the postal worker left the $55k to his children, they wouldn't have to pay taxes on it again either.
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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by haymarket View Post
    Money or value in monetary terms.
    Ok, that is different. If the asset is taxed at an amount that is more than the person could afford, do you propose any other alternative to an immediate sale of the asset?

    So you are saying that the poor are taxed on any money earned or did you fail to address that point?

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    Re: Kids from rich families are more likely to succeed?

    Quote Originally Posted by justabubba View Post
    actually, one of the more wonderful things about growing up in America is that one does not have to be affluent to receive an excellent education
    kids raised in poverty can and do receive good educations in public schools
    and by their efforts receive scholarships to attend public and private universities
    and those who do not achieve academically at that level, there are loans which are available to them to attend those same institutions of higher learning
    and to those who achieve even less academically, they have the opportunity to attend tech schools, again with costs borne by the state and thru government provided loans
    all the student in the USA must do is achieve adequately enough in high school to be found academically eligible to attend one of those places of higher learning. the money is there for them to attend if they can meet the academic requirements

    and despite that, many do not. the vast proportion of those who do not come from impoverished conditions. where education is not instilled as the path to economic success. because the parents are too stupid themselves to convey that reality to their kids

    there are things that government does wrong, such as gerrymandering the attendance areas so that the affluent kids go to the good schools and the poor kids are forced to attend the weak schools. school administrations that do not know to let the teachers teach. but there is no valid excuse for a kid who knows they need to and who also wants to go to college not to do so. first, they must be able to dream it. but if they do, and they work towards that dream, they can get a good education
    Unless you are at the absolute top of your class or do something amazing in school, you don't simply get scholarships. Most scholarships have to be applied for, as do most schools. It costs money to apply for scholarships, money that not every family has. Mine didn't. And I did not have counselors that gave me any kind of good information about when to apply, how to apply, or even how to find scholarships or people that might be willing to help cover the cost of applying for scholarships for those like me in poverty. One of the girls I went to school with received over $1M in scholarships, including a free ride to Harvard or one of those major schools. That was wonderful for her, but when the rest of the students in the school are not getting any such opportunities because they simply don't know about them or have the same resources to pursue such opportunities, then it is not so easy.

    Plus, sometimes the information that is given is wrong. Such as when a counselor tells you that you shouldn't worry about applying for scholarships until your senior year, then during your senior year you are told you should have applied during your junior year. And families with two or more incomes that are still struggling to make it (my family now has technically 5 income sources from two people and we still are working on trying to get our savings up, have only one vehicle and live in an apartment).
    "A woman is like a teabag, you never know how strong she is until she gets in hot water." - Eleanor Roosevelt

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