"This tax system is really only taking a large chunk if you have a lot to begin with, so I don't think you are going to lose your freedom because of it."
The tax system will prevent everyone from getting a large amount and taking a large chunk from the people making a large amount.
Even if you have money just sitting in a bank account with 0% interest, you are still taxed every year on that money (IE: your net worth, which is explained in the article).
It has created entire generations of people reliant on government services. I just hope the same system is around in 30 or 40 years or all that money will be gone (and since so much is taken from your paycheck, most people won't have enough by then for medical/living expenses). This is the long-term risk nobody is talking about because they are only concentrating on the short-term.
It reminds me of all the people that invested their entire lives into big companies like General Motors thinking they would be around forever and that they would have a pension when they retired. Now they are getting more and more of their benefits taken away. A government is no different.
When the majority of your money is being pumped into the system, it becomes almost impossible to diversify your risks, which is scary. I'm just surprised that so many people here can't see this.
The tax system will prevent everyone from getting a large amount and taking a large chunk from the people making a large amount.
Even if you have money just sitting in a bank account with 0% interest, you are still taxed every year on that money (IE: your net worth, which is explained in the article).
It has created entire generations of people reliant on government services. I just hope the same system is around in 30 or 40 years or all that money will be gone (and since so much is taken from your paycheck, most people won't have enough by then for medical/living expenses). This is the long-term risk nobody is talking about because they are only concentrating on the short-term.
It reminds me of all the people that invested their entire lives into big companies like General Motors thinking they would be around forever and that they would have a pension when they retired. Now they are getting more and more of their benefits taken away. A government is no different.
When the majority of your money is being pumped into the system, it becomes almost impossible to diversify your risks, which is scary. I'm just surprised that so many people here can't see this.