How America Soaks the Affluent

24,241 Views | 262 Replies | Last: 2 yr ago by going4roses
TandemBear
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Thanks for including them, you poor victim of taxation.

Oh, let's have a listen to this latest Fresh Air interview on how the victimized rich are being abused so terribly:

How The Affluent Benefit From The Poor

Pulitzer Prize-winning author Matthew Desmond says if the top 1% of Americans paid the taxes they owed, it would raise $175 billion each year: "That is just about enough to pull everyone out of poverty." His new book is Poverty, by America.

Also Ken Tucker shares three songs: Iris DeMent's "Goin' Down to Sing in Texas," Sunny War's "Love's Death Bed," and Margo Price's "Radio."

https://www.npr.org/2023/03/20/1164698399/how-the-affluent-benefit-from-the-poor

It's simply a societal question: do your taxes do better supporting the wealthy or the "poor." Or in other words, do you want society's resources to benefit the majority or a tiny minority?

My family is the direct product of New Deal spending that took two pedestrian families and gave their children the opportunity to prosper economically and achieve upper middle class status.

We COULD have taken this policy and applied it to the minority, female, and other marginalized demographic groups and truly tried to achieve equitable prosperity for ALL Americans.

Instead, we squandered our opportunity with the advent of Reaganomics and neoliberalism.

Shame on America. Enjoy your homeless camps. Revel in the epidemic opioid addiction crisis. Oh and the gun violence too!
DiabloWags
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You assume that Government knows how to spend/use my money best. That couldnt be further from the truth.

My state and local government wastes taxpayer money on all kinds of things, including paying our local City Manager $300,000 for a city of 125,000 where the roads are some of the worst in the nation with a Pavement Condition Index (PCI) of 58. Never mind that the local sales tax is 9.75%

On a Federal level: A single F-35 jet engine and full maintenance contract costs taxpayers $40 BILLION

Youre terribly naive.

"Cults don't end well. They really don't."
Unit2Sucks
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DiabloWags said:

You assume that Government knows how to spend/use my money best. That couldnt be further from the truth.

My state and local government wastes taxpayer money on all kinds of things, including paying our local City Manager $300,000 for a city of 125,000 where the roads are some of the worst in the nation with a Pavement Condition Index (PCI) of 58. Never mind that the local sales tax is 9.75%

On a Federal level: A single F-35 jet engine and full maintenance contract costs taxpayers $40 BILLION

Youre terribly naive.


I first read the bolded statement to mean we were paying $40B per engine. I had to take a beat because that level of waste isn't inconceivable.

It's also why I'm happy with the support we are giving Ukraine. Given that we spend on the military with the reckless abandon of GOPers at a Moscow Mitch cocaine swingers party (as alleged by noted cousin-enthusiast Madison Cawthorn), the ROI we are getting on our spend in Ukraine is unparalleled.
DiabloWags
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F-35's New $412 Billion Cost Estimate Is a Modest Increase By Its Standards

Maintaining and operating the fleet is $1.3 TRILLION.

https://www.bloomberg.com/news/articles/2022-09-28/lockheed-f-35-s-cost-grows-modestly-by-its-standards-to-412-billion
"Cults don't end well. They really don't."
DiabloWags
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Unit2Sucks said:

I first read the bolded statement to mean we were paying $40B per engine. I had to take a beat because that level of waste isn't inconceivable.




My bad.

The R&D for a new engine is $6 Billion and that number swells to $40 Billion with a full maintenance contract.
But my point remains the same.

Military Contractors Square Off Over F-35 Jet Engine Program https://www.wsj.com/articles/military-contractors-square-off-over-f-35-jet-engine-program-2e37e048
"Cults don't end well. They really don't."
TandemBear
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Do you know WHY your city pays your City Manager that amount?

Don't think too hard, you might hurt yourself.

I'll explain. THE PRIVATE SECTOR. That's EXACTLY who is responsible for this high salary. Thanks to the private sector paying increasingly high top exec. salaries, the public sector has to match these to attract commensurate talent. Otherwise, you want your city run by incompetent people who don't have the skill set to do it?

I love how you cite "waste" but then COMPLETELY fail to see the causes. Wow, talk about clueless!

That said, I'm increasingly frustrated that our media and policy folks have not addressed this issue - that obscene top exec. pay is killing the public sector. But that's the reality of an open market for professionals at the moment. But you blame your city. Of COURSE you do! Classic complainer who can't even understand how the free market for professionals work.

That said, you completely failed to even address my post. Typical. Your intellectual dishonesty is impressive. You won't even take the time to listen to the segment. To try to see the issue. Doubt you've spent any time trying to wrap your head around the plight of working Americans. I'm sure they "should have made better life choices." Problem is, you can't expect the bottom 40% of your economic demographic to suddenly move to the top! Doesn't work that way. I'd suggest Nicholas Kristoph's "Tightrope" if you truly want to grasp a little understanding of what's going on.

Do you even have a clue as to the causes of homelessness? I'd expect the typical "They're drug addicts!" reply, which is hopelessly myopic and will NEVER actually address the true causes. Oh but free enterprise and reduced regulations sure helped the opiate and opioid crisis flourish. Thanks private sector for that!
dimitrig
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TandemBear said:

Do you know WHY your city pays your City Manager that amount?

Don't think too hard, you might hurt yourself.

I'll explain. THE PRIVATE SECTOR. That's EXACTLY who is responsible for this high salary. Thanks to the private sector paying increasingly high top exec. salaries, the public sector has to match these to attract commensurate talent. Otherwise, you want your city run by incompetent people who don't have the skill set to do it?

I love how you cite "waste" but then COMPLETELY fail to see the causes. Wow, talk about clueless!

That said, I'm increasingly frustrated that our media and policy folks have not addressed this issue - that obscene top exec. pay is killing the public sector. But that's the reality of an open market for professionals at the moment. But you blame your city. Of COURSE you do! Classic complainer who can't even understand how the free market for professionals work.

That said, you completely failed to even address my post. Typical. Your intellectual dishonesty is impressive. You won't even take the time to listen to the segment. To try to see the issue. Doubt you've spent any time trying to wrap your head around the plight of working Americans. I'm sure they "should have made better life choices." Problem is, you can't expect the bottom 40% of your economic demographic to suddenly move to the top! Doesn't work that way. I'd suggest Nicholas Kristoph's "Tightrope" if you truly want to grasp a little understanding of what's going on.

Do you even have a clue as to the causes of homelessness? I'd expect the typical "They're drug addicts!" reply, which is hopelessly myopic and will NEVER actually address the true causes. Oh but free enterprise and reduced regulations sure helped the opiate and opioid crisis flourish. Thanks private sector for that!


"Otherwise, you want your city run by incompetent people who don't have the skill set to do it?"

We already have that in every city I have lived in or that I am familiar with. Most counties aren't any better. Maybe we aren't paying enough?
DiabloWags
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dimitrig said:

TandemBear said:

Do you know WHY your city pays your City Manager that amount?

Don't think too hard, you might hurt yourself.

I'll explain. THE PRIVATE SECTOR. That's EXACTLY who is responsible for this high salary. Thanks to the private sector paying increasingly high top exec. salaries, the public sector has to match these to attract commensurate talent. Otherwise, you want your city run by incompetent people who don't have the skill set to do it?

I love how you cite "waste" but then COMPLETELY fail to see the causes. Wow, talk about clueless!

That said, I'm increasingly frustrated that our media and policy folks have not addressed this issue - that obscene top exec. pay is killing the public sector. But that's the reality of an open market for professionals at the moment. But you blame your city. Of COURSE you do! Classic complainer who can't even understand how the free market for professionals work.

That said, you completely failed to even address my post. Typical. Your intellectual dishonesty is impressive. You won't even take the time to listen to the segment. To try to see the issue. Doubt you've spent any time trying to wrap your head around the plight of working Americans. I'm sure they "should have made better life choices." Problem is, you can't expect the bottom 40% of your economic demographic to suddenly move to the top! Doesn't work that way. I'd suggest Nicholas Kristoph's "Tightrope" if you truly want to grasp a little understanding of what's going on.

Do you even have a clue as to the causes of homelessness? I'd expect the typical "They're drug addicts!" reply, which is hopelessly myopic and will NEVER actually address the true causes. Oh but free enterprise and reduced regulations sure helped the opiate and opioid crisis flourish. Thanks private sector for that!


"Otherwise, you want your city run by incompetent people who don't have the skill set to do it?"

We already have that in every city I have lived in or that I am familiar with. Most counties aren't any better. Maybe we aren't paying enough?


I'm shocked that someone like Tandem would BLAME the PRIVATE sector!
lol

Perhaps Tandem just doesnt have any real experience in the real world?

I guess he's oblivious to public sector pensions as well?
Does he have any clue how much these guys make
retired . . . Fire, Police, City/County Govt officials, etc.

Hence your point.
Perhaps Tandem might wish to peruse Transparent California to see how "lowly" paid our public servants are.

Transparent California

PS. I know of Alameda County Fire Captains that are making $434,000 all in.



"Cults don't end well. They really don't."
going4roses
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https://www.tiktok.com/t/ZTRvTk8TG/

Is he just talking just to hear himself talk or…
How (are) you gonna win when you ain’t right within…
Cal88
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dimitrig said:

TandemBear said:

Do you know WHY your city pays your City Manager that amount?

Don't think too hard, you might hurt yourself.

I'll explain. THE PRIVATE SECTOR. That's EXACTLY who is responsible for this high salary. Thanks to the private sector paying increasingly high top exec. salaries, the public sector has to match these to attract commensurate talent. Otherwise, you want your city run by incompetent people who don't have the skill set to do it?

I love how you cite "waste" but then COMPLETELY fail to see the causes. Wow, talk about clueless!

That said, I'm increasingly frustrated that our media and policy folks have not addressed this issue - that obscene top exec. pay is killing the public sector. But that's the reality of an open market for professionals at the moment. But you blame your city. Of COURSE you do! Classic complainer who can't even understand how the free market for professionals work.

That said, you completely failed to even address my post. Typical. Your intellectual dishonesty is impressive. You won't even take the time to listen to the segment. To try to see the issue. Doubt you've spent any time trying to wrap your head around the plight of working Americans. I'm sure they "should have made better life choices." Problem is, you can't expect the bottom 40% of your economic demographic to suddenly move to the top! Doesn't work that way. I'd suggest Nicholas Kristoph's "Tightrope" if you truly want to grasp a little understanding of what's going on.

Do you even have a clue as to the causes of homelessness? I'd expect the typical "They're drug addicts!" reply, which is hopelessly myopic and will NEVER actually address the true causes. Oh but free enterprise and reduced regulations sure helped the opiate and opioid crisis flourish. Thanks private sector for that!


"Otherwise, you want your city run by incompetent people who don't have the skill set to do it?"

We already have that in every city I have lived in or that I am familiar with. Most counties aren't any better. Maybe we aren't paying enough?

I don't think any other country in the world pays its firemen $150k-$200k. In France for example firemen make around $30k-$50k. They usually come to your house on Xmas week to sell their calendars and collect donations.



Same goes for city council and municipal administration jobs, these $200k+ salaries are a unique modern American phenomenon.
cbbass1
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bearister said:

I think there should be a Committee of Really Rich Guys with the final authority to decide when "waste, fraud, and abuse of the tax dollars" has sufficiently been addressed to merit an increase in their taxes.


This committee already exists, and they've already decided.

That's why their taxes are really low, and ours are high.
concordtom
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I drove around Vallejo this weekend.
Those roads are far worse than Concord. Give it a whirl in your new sports car suspension.
The first time in my iS300 was cringeworthy.
Second time is the 4x truck made it doable.
DiabloWags
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I wont go anywhere near Vallejo, unless I want to be shot.

Their crime rate is 2.1 times greater than the U.S. average.
It's higher than 97.6% of U.S. Cities.

Crime in Vallejo, California (CA): murders, rapes, robberies, assaults, burglaries, thefts, auto thefts, arson, law enforcement employees, police officers, crime map (city-data.com)

Next door Benicia is a gem.
Vallejo is a junkyard.

The voters there refuse to pay for increased special use taxes towards road repair (ie. Measure G in 2020)
Their Pavement Condition Index is 48.
Similar to Petaluma and Pacifica.
"Poor"

Concord is "Fair" at a PCI of 60.

Walnut Creek is "Good" at a PCI of 73

Walnut Creek's Roads Ranked: How They Compare To Rest Of Bay Area | Walnut Creek, CA Patch





"Cults don't end well. They really don't."
going4roses
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Hmm
How (are) you gonna win when you ain’t right within…
concordtom
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Ouch.
That was painful to read.
Particularly after attending church there yesterday.
wifeisafurd
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DiabloWags said:

dimitrig said:

TandemBear said:

Do you know WHY your city pays your City Manager that amount?

Don't think too hard, you might hurt yourself.

I'll explain. THE PRIVATE SECTOR. That's EXACTLY who is responsible for this high salary. Thanks to the private sector paying increasingly high top exec. salaries, the public sector has to match these to attract commensurate talent. Otherwise, you want your city run by incompetent people who don't have the skill set to do it?

I love how you cite "waste" but then COMPLETELY fail to see the causes. Wow, talk about clueless!

That said, I'm increasingly frustrated that our media and policy folks have not addressed this issue - that obscene top exec. pay is killing the public sector. But that's the reality of an open market for professionals at the moment. But you blame your city. Of COURSE you do! Classic complainer who can't even understand how the free market for professionals work.

That said, you completely failed to even address my post. Typical. Your intellectual dishonesty is impressive. You won't even take the time to listen to the segment. To try to see the issue. Doubt you've spent any time trying to wrap your head around the plight of working Americans. I'm sure they "should have made better life choices." Problem is, you can't expect the bottom 40% of your economic demographic to suddenly move to the top! Doesn't work that way. I'd suggest Nicholas Kristoph's "Tightrope" if you truly want to grasp a little understanding of what's going on.

Do you even have a clue as to the causes of homelessness? I'd expect the typical "They're drug addicts!" reply, which is hopelessly myopic and will NEVER actually address the true causes. Oh but free enterprise and reduced regulations sure helped the opiate and opioid crisis flourish. Thanks private sector for that!


"Otherwise, you want your city run by incompetent people who don't have the skill set to do it?"

We already have that in every city I have lived in or that I am familiar with. Most counties aren't any better. Maybe we aren't paying enough?


I'm shocked that someone like Tandem would BLAME the PRIVATE sector!
lol

Perhaps Tandem just doesnt have any real experience in the real world?

I guess he's oblivious to public sector pensions as well?
Does he have any clue how much these guys make
retired . . . Fire, Police, City/County Govt officials, etc.

Hence your point.
Perhaps Tandem might wish to peruse Transparent California to see how "lowly" paid our public servants are.

Transparent California

PS. I know of Alameda County Fire Captains that are making $434,000 all in.




Having represented public and private clients, I can tell you the executives at State public entries and private companies have different skill sets. The major talent drain for State governmental agencies (ignoring doctors and football ad basketball coaches) that build or operate things that provide services (e..g, think Water Districts such as the Metropolitan Water District, Sanitation Districts, College Presidents or senior administrators, Judges, investment advisors for CalSTERS and CalPERS who make millions, etc.) typically are consulting-type firms, and the salaries are not that out of line with they would get as private sector consultant, before benefits. And the public sector executives probably are paid more as head of the government organizations after you throw in benefits like pensions such as CalPERS. And for you folks concerned about "income inequality", you will find looking at the distribution of salaries in CA State Agencies, that income distributions generally are as bad as in the private sector.
https://www.newyorker.com/magazine/2018/01/15/the-psychology-of-inequality?utm_source=onsite-share&utm_medium=email&utm_campaign=onsite-share&utm_brand=the-new-yorker

Where it gets a little more of a crapshoot is the local governmental area. I live in a small city (around 1,000 residents) that has to pay its General Manager something like $300K. Why? The City kept losing their City Manager to other California cities. I call that the marketplace. Some of that is your general manager has to be really sophisticated because of the demands placed on cities by the Federal and State governments on California cities. Some of it is that real estate is so costly, that battles of land use become litigious and expensive. But an argument can be made, the people that work as seniors executive in government have to be top notch at the upper levels, and they are paid accordingly, particularly given the cost of living in this State. But there is some more to that since some local governments, usually in low income area, are lousy payers.

That gets to rank and file types. According to the U.S. Census Annual Survey of Public Employment and Payroll, there were 1.6 million full-time state and local public employees in California with a total annualized payroll cost of $145.5 billion in March 2020 (right before C-19). About 16% of wage and salary workers are represented by unions in 2022,

With some areas is California and other states that unions impact incomes. Here is something the unions claim citing a UC Berkeley study:

"By bargaining together through unions, California workers increase their earnings by approximately $5,800 per worker annually, for a combined total of $18.5 billion." That is more than 10% of all wages -see above paragraph). from a group that represents just 16% of the salary and wage earners, which means the unions really has much dramatic impact on their employee's wages; obviously, way beyond union dues. "Union workers also have more access to health and retirement benefits." https://www.seiu521.org/521-news/union-effect-in-california/. The unions also tout their ability to have its workers impact public policy. They have spent millions of dollars on various ballot measures, nearly always favoring the side of higher taxes and spending, because they personally benefit from expanded programs. It is rather obvious, public-sector unions are some of the State's most powerful special interest groups.

Public-sector executives and unions push for higher compensation and higher government spending with little restraint. They often don't care if the cost of government services goes up because the burden is borne by someone else, and they may have monopoly power as they are the sole provider of services, such as fire protection or sanitation, or if regulatory bodies, approvals. By contrast, some private-sector executives and certainly private sector unions are aware that higher costs for employers may result in lost sales and fewer jobs. Arguably the check and balance is voters and politicians who are on the budget side, and supposed to exercise restraint on salary demands. If salaries are too high and government costs too much, we voters are supposed to vote for people who will put in cost controls. And I suspect a lot of voters, including posters here, are just fine with paying high wages to government employees, because they want to attract better employees. But for a Democrat and even some Republicans (for example a lot of conservatives want more money for their local schools), the moneys behind the unions is too much. And its is just not a conservative versus liberal. For example, on policing, the police union may be able to break a very progressive candidate who want to move money away from law enforcement.

And with all that, can we really say boards of directors in private companies exercise that much restraint in reigning high executive salaries? Why should pay for pubic executives be that different?







concordtom
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DiabloWags said:

…potholes…


You could always do like Arnold, or Rod Stewart.
Home Depot sells bags of asphalt mix. Go for it.
https://www.yahoo.com/news/arnold-schwarzenegger-rebuked-filling-la-182552857.html
DiabloWags
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I do plenty of giving back pro-bono to my community.

In fact, yesterday I spent nearly an hour picking up trash along Ygnacio Valley Road.
Even came across 2 dozen pieces of stolen mail.

When was the last time you did something like that Tom?

"Cults don't end well. They really don't."
concordtom
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Uh, first, it was a joke. Did you read the part where Arnold filled not a pothole but an open trench that was being accessed for utility work.

Second, how do you know that the trash you picked up was indeed trash and not pre-staged background for the ongoing Netflix drama, Hwy 24?
DiabloWags
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Thanks for answering my question with your usual deflection.
You might actually be giving Dajo and Movielover a run for their money in the deflection department.
"Cults don't end well. They really don't."
concordtom
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DiabloWags said:


Thanks for answering my question with your usual deflection.
You might actually be giving Dajo and Movielover a run for their money in the deflection department.


Glad to follow up with no deflection.

I pick up trash when I go walking in my neighborhood. 5 years ago I showed up and removed one full large trash bag of crap I got tired of seeing along 150 yards near my freeway exit. That inspired me to do the same near my kid's school. It's amazing the stuff people just throw out their window.

Congratulations to you for being part of the solution! Thank you!
concordtom
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Now tell us, how much hair do you have on your head, cash in the bank, and inches in your briefs.

(If you don't like those, please pick another thing you can brag about, and then insult others on - like, oh, how many notches on your bedpost, you stud, you!)
DiabloWags
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Maybe you can have a few more Beers and tell us all about how GREAT the roads of Concord are.

Lmfao.
"Cults don't end well. They really don't."
going4roses
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going4roses
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How (are) you gonna win when you ain’t right within…
going4roses
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How (are) you gonna win when you ain’t right within…
calbear93
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DiabloWags said:

I do plenty of giving back pro-bono to my community.

In fact, yesterday I spent nearly an hour picking up trash along Ygnacio Valley Road.
Even came across 2 dozen pieces of stolen mail.

When was the last time you did something like that Tom?


Is there anything emptier than belief without action?

A husband who professes the importance of fidelity but cheats at the first opportunity probably never believed in the first place.

Personal sacrifice of time and money says a lot more about how much you care about others than millions of name calling posts on an anonymous board seeking stars.

Now, getting back to the topic on hand:

https://www.wsj.com/articles/income-tax-who-pays-the-most-a4d9f65d

Another things I have not seen mentioned here is that April was another month of Manufacturing PMI below 50, even if getting closer to 50. Service is still strong, but continued signs of contracting macroeconomics. We will see from the Q1 earnings this month what the trend is.
calbear93
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going4roses said:


I suppose folks can CHOOSE not to live in a city or region where $310K is still only the upper end of middle class? Or folks can decide that nothing is really free and certain fiscal or monetary policies create asset bubbles and inflation that escalates cost of living to those levels?
calbear93
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going4roses said:


If you are the type of leader that creates an environment where only those without options will stay, you will lead a company of underperformers who have no other options.

Those who do not realize that human capital is one of the most important resource, especially as we move to a more service and innovation focused economy, will not last long.
DiabloWags
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going4roses said:




Did you bother to read this article?
Do you understand what the definition of MIDDLE CLASS is in this article?
See "Data and Methodology" below.

Perhaps one of the first things to do is to know what the median U.S. salary is according to PEW research.
Hint: The 2021 census says that real median household income was $70,784.




Yes, highly educated, skilled, and degreed households are located in Fremont, Ca.
Households with young couples who are making nearly $78,000 each.
Or $155,968 for the "head" of the household.

Shocking isnt it?

I mean . . . WHO KNEW living so close to Silicon Valley that you could have such a high concentration of "professionals" living in a city that has relatively "affordable" home prices compared to Silicon Valley.

Not shocking.










"Cults don't end well. They really don't."
concordtom
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DiabloWags said:

Maybe you can have a few more Beers and tell us all about how GREAT the roads of Concord are.

Lmfao.



Well, you are the one who posted that concord roads were crap. I was just responding to that.

And will again now.
Here, please take a tour of streets you already know so well.
I had a nice time on the tour. I enjoyed the familiar places, including driving past my gg grandparents home and business. I also looked for poor pavement. Hmmm. Questionable assertion you initially made about my hometown (one of).

DiabloWags
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concordtom said:


Hmmm. Questionable assertion you initially made about my hometown (one of).

Highly doubtful.

Concord's own survey data for their Pavement Condition Index (PCI) shows that their roads are in terrible shape and "AT RISK".

It will take $20 million over the next 5 years just to MAINTAIN them at that "AT-RISK" condition.



PCI_table-2019_data.indd (ca.gov)

"Cults don't end well. They really don't."
going4roses
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Hmm …
How (are) you gonna win when you ain’t right within…
going4roses
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https://www.tiktok.com/t/ZTRTL75hQ/
How (are) you gonna win when you ain’t right within…
DiabloWags
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Anyone with basic financial aptitude nows full well that the stock that is vested by employees and CEO's (in this case Union Pacific) through stock option grants and restrictedr over ONE YEAR is taxed at the LONG TERM CAPITAL GAINS RATE which is currently 20%.

This is opposed to SHORT TERM CAPITAL GAINS (held less than one year) which are taxed at the rate of ordinary income.

A Medicare 3.8% surtax kicks in for any capital gain for an individual over $200,000.

https://smartasset.com/taxes/2021-capital-gains-tax-rates

This is nothing new.
Its basic common knowledge.
"Cults don't end well. They really don't."
 
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