Thursday, October 1, 2009

Where Is My Money? No, But Seriously?

Now I know I posted about how you can utilize penny stocks to ensure wealth before, yet I want to share a discussion I had with my friend the other day. Now I am a kid who grew up with little, my father worked a normal job alongside my mother probably clearing, after taxes, $90,000, and I know the value of a dollar. My friend on the other hand is a "trust-fund baby". So we were talking and he invested 25,000 dollars within a couple of penny stocks, me, I started small. One of the penny stocks in which we invested in sky rocketed. It went up 120%, making him around 30,000 and he started to complain about how much money he was going to have to give up for taxes. Now as we started getting into it he started talking about how he earned it in a "free-market capitalist system", "why should I give the money to the government if I earned it", he told me. And me being a kid who didn't have much growing up in a family of five coming from the Ukraine started to think about it. It doesn't make sense. Why? I came here to make money, to strive to be at the top of an empire in which I built just as past great Americans did, to name one Rockefellar. He was a free-market capatilast and built this country. He gave us the industrial revolution. Now what are we?
Socialist! The government becomes involvd with any issue. They make taxes which are erronious especially withion richer areas. Oh yeah, you can work for the dream, but be aware of the consequences in which ensue. Higher income taxes, property taxes, capital gains taxes, and be preapared for the coming of the end of social security. This is a government run agaency that could barely handle running the post office before they had to make it a civil job when they incurred "complications". And now they want to run my health care, a little fishy to me. Would you hire the worst company you saw because their price is cheaper, if so, choose the government for this position because their system will turn just as social security did, and the postal service. See a trend, if you were watching a stock performing like our government, you would sell and be concerned about how much money you had lost and what made you think of this terrible investment.

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