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CNBC
The idea of becoming a millionaire may seem like a pipe dream.
When it comes to retirement, most Americans doubt they've saved or invested enough to retire comfortably, let alone reach that million-dollar milestone. A new AP-CNBC poll finds nearly one-third (31 percent) of U.S. residents believe they would need a minimum savings of $100,000 to $500,000 if retiring this year in order to be confident of living comfortably in retirement, and 22 percent believe the minimum is $1 million or more to retire comfortably.
Only one-fifth of U.S. respondents think it's likely that their net worth with total at least one million dollars in the next 10 years, while 62 percent said that is "very unlikely." The consensus from the majority of respondents (61 percent): It is "extremely" or "very difficult" to become a millionaire in the United States today.
RELATED STORY: The rich got richer and, well, you know the rest
But many are still trying to hit that million-dollar mark—and millions of Americans have already attained that goal.
The number of millionaires in the country is growing. The U.S. has more than 10 million. Despite the European debt crisis and worries about the U.S. economy, a May 2011 report from the Deloitte Center for Financial Services projects that the number of millionaire households in the U.S. will more than double to 20.5 million in 2020, with combined wealth of $87 trillion, up from $39 trillion in 2011.
Money makes money, but it can be tough to make that money grow in these rocky financial markets. The AP-CNBC poll found six in 10 U.S. residents (62 percent) say their confidence in investing has been shaken by recent volatility in the stock market. That sentiment has increased over the past 12 months. Today, 65 percent of those who own stocks, bonds and mutual funds are less confident about investing, compared with 61 percent last year.
Respondents in the AP-CNBC poll say they're making saving and investing a top priority. The survey asked people what they would do with a million dollars and found, on average, that Americans would spend 31 percent on saving or investing; 17 percent on giving to family; 14 percent on spending; 13 percent on paying down debt; 12 percent on buying real estate and 11 percent on charitable donations. Unfortunately, the reality is that mounting expenses, lower wages and job losses require many Americans to dip into those savings to pay for household bills or pay down debt.
The reality is that investors who stayed the course and did not pull their money out of the market in the last few months may actually have fared pretty well. Despite an almost 8 percent decline since mid-July, the broader stock market, represented by the S&P 500 Index, is up nearly 8 percent over the past 12 months. Certainly it's been a rough few years with the S&P 500, down 8 percent in five years. But over the past decade, the broader stock market is up by more than 10 percent.
In most cases, the road to financial security in retirement comes with steady savings, strategic investing, and probably a later retirement date than you may have envisioned at the start of your career. Keep these three rules in mind: First, you need to live within your means. Next, you have to commit to saving a certain amount every month and stick to that goal. Then, you have to make sure your investments are in a diversified portfolio—a mix of stocks, bonds, and alternative investments (commodities and real estate) and rebalance that mix to attain your goals for growth.
So how long will it take until you're a millionaire?
If you start with an initial $10,000 investment and your portfolio grows by 5 percent every year, here's how much you need to save each month to reach your $1 million goal by age 70.
- 25-year-olds have to save $450 a month. That's just $15 a day for the rest of your working years.
- 35-year-olds have to save $850 a month.
- 45-year-olds have to save $1,700 a month.
- 55-year-olds have to save $4,000 a month. (Of course, with an average inflation rate of 3 percent, that $1,000,000 nest egg will only be worth $642,000 in today's dollars. So that means you'll likely wind up having to save even more.)
Still, for those who start early and save often, becoming a millionaire doesn't have to be a pipe dream.
More on Sharon Epperson on CNBC.
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I think this recession has been a good wake up call for people. In our family, we started saving much more in last three years and now have a year's salary worth of money saved.
The banks don't want you to save, in fact they don't even care. With the fiat money system and banks leveraged 40-1, they can get free money from the fed at low interest, and they don't need YOUR money at all.
That's why interest rates on investments like CD's are at historic lows and will never go up.
And when you finally achieve it, the Government will be there to take it from you in the name of "Patriotism". You will be seen as one of the wealthy and therefore more taxes. Have fun!
Whatever. So just stay poor then, why don't you? I'd rather pay more in tax on gobs of money than no tax on nothing.
I haven't seen one proposal that would tax your savings and investment principle. The proposed taxes are on EARNINGS. If you save steadily, you will be keeping the money. You can even save before-tax income in an IRA, 401K, or SEP IRA. Yes, eventually, the earnings will be taxed. If your savings earns over $1,000,000 PER YEAR, I think you should stop whining and contribute, because you did pretty well in this country.
I hope you can understand what I have written here, because apparently your reading comprehension, and that of everyone else on this post who thinks his or her million-dollar savings would be taken away, is not very good.
Sherrie,
I haven't heard anyone talking about taxing savings and investment principle, but I've seen lots of proposals to start means-testing medicare and social security. This is effectively penalizing those of us that saved over the years instead of living paycheck to paycheck.
Sherrie - and this is why so many of these dolts gobble up the "class warfare" BS.
They think someday, they're going to be that millionaire...and then, when they are...the big bad govt is going to come after them and take every last penny - by barrell of a gun if necessary, just like they're doing today to those poor, poor rich people.
But for now, they are content in paying the taxes the rich should be paying...because, we want to keep things "fair" dont ya know.
Cuz, its fair when someone making in the billions is taxed at a lower rate than the rest of us, because they have fancy lawyers who can utilize every loophole those aholes built into the tax code for themselves.
Its the entire reason you won't find a single republican who supports flat tax.
+1 Republican here who supports the flat tax. To me fair means we all pay the same %.
"paying the taxes the rich should be paying" give me a freaking break why should I pay more than you just because I worked my tail off and made a buck.
Douglfkc, you will die poor, just accept it.
If all were Comfortable ..?
who would the WEALTHY blame & BREAK .....................................
Doug==Now you Know the GOP
is the Death panel Party.
Hypocrits.................................................
I am also a republican that supports the flat tax...I really don't know many who don't...one tax percentage for everyone no matter how much or little they make is fair and the way it should be.
I would be for a flat tax if we didn't have such ridiculous income disparity. Until minimum wage doesn't force people to live in abject poverty I cannot stand behind a flat tax. It's too regressive.
You live paycheck to paycheck because you have to. It's not a f'cking choice. Unless you have some magical plan that will allow people to save on minimum wage THESE DAYS. NOT the days or yore. Please clue us in.
Funny how they wait until the very last sentence to point out what I was thinking from the very first word of this article: that having a million dollars doesn't mean much these days and will mean even less in 30 more years.
I remember when a $100,000 house was considered extremely expensive. Now, that's a cheap house in most places. Being a "millionaire" in the literal sense will probably be pretty close to median income eventually at the rate we're going. . .
It's lovely how they display the daily dollar amount for only the earliest starters and display the inflation adjusted amount only for the latest starters:
"here's how much you need to save each month to reach your $1 million goal by age 70.
If the money that a 55 year-old saves in only 15 years (to age 70) is only going to be worth $642,000 of what the purchasing power of $1 million was worth when he started, what is it going to be worth for the others who have up to 45 YEARS to reach their "million"?
I know this can be calculated, but I don't have time right now. I bet for a 25 year-old the purchasing power of their million when they reach it in 45 yrs will be about $250,000 to $300,000 in today's value, of course if our government keeps printing money it will all be worthless anyway.
Not only that, but as much as I support saving early and saving often (to borrow a phrase from Chicago politics), there have been many days when coming up with $15 to pay my bills would have been a blessing - let alone having $15 to sock away for retirement!
Hell, I still find it challenging to put away anywhere near enough money to feel that I'll ever be able to retire in some degree of comfort. But, I don't know that I've ever really believed in that concept for the average joe anyway. My grandfathers never retired. Both worked pretty much right up to the day they died. Neither worked themself to death (they died of natural causes), but neither was sitting on a beach in Mexico drinking pina coladas, either. Hell, I doubt either of them ever even dreamed of doing that for a week on vacation. So, the idea that everybody should simply expect to be doing that by age 65 or whatever magic number is a little over the top in my opinion. If you make it, great. Hope you'll send me a postcard or maybe invite me down to visit. For the vast majority of us, I wouldn't count on it.
That does not add up. 15 x 365 = 5,470 x 45 = 246,375. Even if you save 15$ a day for 135 years 3x your 45 year number, you wil still not have 1 million.
You should make time.
Well don't follow pjamo9 plan. Your gonna come up short.
They are assuming that you started with $10,000 in savings and that you invest everything in something that returns 5% a year. Good luck with that in this stock market.
luvdivinedeflot,
When my daughter was born she received monetary gifts of about $250. When she was 3 months old we invested it in the Dividend Reinvestment Plan (DRIP) of a Property Trust. Today she is 7 years old and the investment is worth about $390. That is a compounded annual growth of about 6.5%!
During this time we saw the price of the share go from $27.67 to a high of $42.87 during Nov 2006 , then to a low of $17.30 in March 2009 and now up to about $29.63. Holding on was worthwhile. This was our first and only investment till recent. But bouyed by the results so far, we have recently made similar small investments for her in a handful more of stocks.
Take heart. It IS possible to get returns over 5% in the stock market over the long run. But take the time to study the financials and the prospects of the company.
The smart thing to do is figure out how much a million dollars is at a certain point and then target your savings there. I calculated what a million dollars was worth in 2006 and I have been adjusting my monthly savings for inflation since. Of course I can't exactly save a lot these days, so I am keeping track of that too, so I can pick it up when I can! When I am making more and not just in dollars but in adjusted dollars, I will contribute more to saving for retirement. I started when I was 24.
Yes until Wal Street turns around and takes it all.
I would be more worried about the feds doing that through inflation, money buys 44% less than it did just less than a decade ago..
Inflation only hurts investment when investments cannot make more than the inflationary rate. The only thing really that low is savings accounts.
You think? Where do you think that came from? When minimum wage was $3.35 gas was 80 cents a gallon, milk was $1. Bread was 50 cents a loaf. I know it was all the federal government with there tax's that increased the prices 4 times what they were even though wages only increased less than 3 times what they were.
So if most people know they will probably not be millionaires, they need to stop voting to protect the millions they will never have.
Or, if being a millionaire is important to them, they need to change their approach to life by increasing their revenue, saving more and making better investments.
If they decide they don't care about being millionaires, they need to stop worrying about it completely.
Except Ron the point is that it's becoming harder to become a millionaire. The median income for a male is just under 30K a year. It would take 33 years at that rate to earn a million dollars. How are you ever going to have a million dollars if you barely earned that much in a lifetime?
That's what I keep telling that cheap millionaire b@stard I work for. For some reason he won't listen.
There is a reason why 5 million people leave this country every year to live somewhere else- a much cheaper standard of living without sacrificing safety, health care and other important factors. Cost Rica has a better rated health care system than the US, spends 85% less per capita than we do and it's run by their government. I'm going to Panama in December to check it out for possibly living there when I retire in 3 years. Panama will give you a pensionado for discounts on just about everything if you have $1000 a month coming in from Social Security or some other source. Even with all the bad stuff you hear about Mexico, there are hundreds of thousands of Ex-Pats that live there comfortably and safely for 1/2 or 1/3 of what it costs to live here. Check out the International Living web site for more info.
This is definitely ideal, but most Americans like myself have children that will have grand children and want to be close to see them. I agree 100% but I just don't know if I could get my wife to leave our children and grand children.
And the liberals are doing everything in their power to keep people from becoming wealthy..
Who is? You may want to rethink that.
Truth is; wealthy Republicans and Democrats want to make sure the money they are hoarding stays in their hands and not in hands of potential up and comers, who may have ways to improve our country. Big money wants to make sure they DON'T have competition.
If you think you have the potential to be one of the "Nuevo Riche", just try and step into their arena and see what kind of welcome you get.
You can blame it on the Liberals all you want, but it's the conservatives that are the larger block to "New" money.
Its not about Liberal vs. Conservative. Its about Rich vs. Poor. The class war started long ago and the first shot fired was in 1913 by the rich globalists.
Look when the GOP Recession Hit.
The Wealthy will Attack Each Other for GREED as well......................
crt== Explain HOW......................
So if someone believes you should keep more of your money and not have the Government take it and redistribute it to others is keeping you poor?
It is the rich and those who have "made it" with their own businesses who worry about what will be taken away (they think they have something to lose). In actuality doing things to support the middle and lower classes, be it education, retirement or healthcare will level the playing field for everyone and actually bring competition (good) available discretionary spend (better) and a general uplift of the standard of living for everyone while impacting "the rich" very little and giving them a wider consumer base. If national healthcare was available to me right now I'd start my own business, hire quite a number of people, and create a lot of opportunity and wealth. Instead I'm stuck in my mediocre corporate job because that is the only way I can get group health coverage at any rate even remotely affordable. Reducing the "risk" for those who are the brink of taking the next step forward at any level we can promote the general welfare of every person in the US and uplift society as a whole. The fact that the top 400 families hold as much wealth as the bottom 155,000,000 people in the US says that the system is extremely out of balance, and like all such things is vulnerable to massive failure. Bring down 400 and their will be a small ripple, bring down 150,000,000 and recovery may be impossible.
constant - you might want to try researching health care for an individual, I can get a HSA (in MN) with a 8000 deductible for a few hundred a month.
But really you are going to honestly tell people if we had national health care you would start a company an hire people? do you really believe this?
How about you come up with something that others want to buy and you pay for your own damn health care and quit whining about how bad it is here.
8000k deductible is that all for a single individual?
I'm gonna run right out and buy one right now.
There was a time when financial independence was a part of the American Dream. Now Obama and the Progressives are doing as much as they can to generate hatred for the financially independent, hoping to change the Dream to dependence on the government, which they hope to control.
No, Obama wants to return to "the fair shake". A long time ago, America wasn't about creating fabulous wealth, it was about a concept where you were given opportunity....a fair shake.
People have realized that opportunities have been taken away, and we are forced to settle with what the ultra-wealthy give us, if anything.
The rich don't need your support, they don't need your advocacy, you aren't welcome in their tent. You will live poor, you will die poor, and they won't care.
I worked 40+ years mostly 7 days a week, and long hard hours to build a business and my family's future, and now i'm retired on 827 a month social security. The business failed. I lost everything.
Auntie Zetuni never worked, and is here illegally and she gets a free apartment and a welfare check each month that totals far more than i get.
Do you think that's right?
Rick, can you define "the Fair shake"?
Also can you explain to us what opportunities have been taken away?
I don't need the rich to take care of me, why? because my success or failure depends on me, not the Government taking money from others and giving it to me so I can stay poor.
It's fascinating that when they discuss changes to the Defense Spending they always talk about pay and benifits for service members. 80% of Defense spending is R&D, money going to private corporations to develop new weapons systems.
Less than one percent of Americans serve in the US Armed Services. Another 2% are part of the support for national defense. Over the last 30 years, the US has transfered a large portion of it's defense support obligation to civilian companies like Halliburton and Kellogg Brown and Root, who conducted most of the support activities for Iraq, Boznia and Afghanistan. I don't see anything about the money that is STILL being diverted in that direction being considered for the cutting block.
We even have civilians known as Department of the Army Civilians, These are people who have served in the US military, or not, who work in support roles in the place of service members who were employed doing the same jobs in the 1970s and early 80s. Instead of paying a service member to do his/or her job in support of units, they now have Military Technicians, who wear a uniform two days a month.
Did you know that Halliburton supplied the valve that failed on the BP oil rig in the Gulf of Mexico?
The US Army has support positions that would allow them to be self sufficient, and would save the tax-payers between 40,000 and 150,000 a year to pay a civilian to do the same job.
I just found out the other day that I will be required to have one of these civilians on my ratings. I have been in the Army for nearly 24 years and I am having to deal with civilians, who don't show up on the defense budget because they are not uniformed service members, more than the commander of my unit.
We have, over the last 30 years, lost 40 to 50% of the uniformed service members we needed to make ourselves self-sufficient in the name of reducing Defense spending.
What a stupid article and especially, the headline.
Of course becoming a millionaire is a long shot.
If everyone did it, a BigMac would cost $100,000.
I remember being a millionaire once. I was visiting a former eastern block country. I had a million zlotys. It was about 10 bucks.
With all the money they have printed and spent, we will probably get inflation worse than the Carter years. So, if we wait, pretty soon, you can take a million greenbacks to McDonalds for a not-so-happy meal.
I lived through the Carter years. It was nothing like the Reagan years, god what a disastrous president.
Thank you Reagan for 10 tax Increases and Bloated government and Raiding social security..........
Reagan was More liberal than Carter..!
That and how 31 members of his cabinet were convicted of various federal crimes. He had to pardon his own Secretary of State Kaspar Weinberger to keep him out of the Federal Pokey.
Then ya got the 1 trillion dollar loss over the S&L deregulation scandal caused by Reagan's executive order pen, the Iran Contra crisis where he sold advanced weapons to a mortal enemy iran and took the profits of taxpayer funded weapons to fund his illegal war in central america, which resulted in tens of thousands of deaths and the murders of catholic missionaries.
Then ya got that bombing in beirut that killed 82 people, authorized by reagan, the 241 dead marines and 70 french because reagan didn't think the marines needed to have a security trench dug around the compound, nor could they carry M-16s with magazines in them.
Also ya got the USS new jersey guns firing on the lebanese coast, killing mainly sheep in retaliation for the truck bomb.
Reagan was a real dimwit.
For the average person, becoming a millionaire is just not in the cards. I suspect that 80% of the people are living almost month to month and without a forced (401K or gov pension) plan, they will have little come retirement time. A million in savings and investments is not that much in todays scheme and in ten to twenty yrs it will not amount to much at all. Face it, the American plan is dieing and the bigger and costlier that government and government debt gets, the faster it will die. If an average person is going to accumulate that million or more, he must spend many yrs investing and planning and at least once in his life he has to enjoy the benefit of seeing his investments work very well. He must also avoid the stock market fiasco of losing half of his net worth two or three times in his investment life.
For the average person, becoming a millionaire is a choice! Simple as that.
My mom has saved a million dollars and has never made more than 40 grand, she has been saving 10% of her income her whole life and guess what, she has a million now.
But you know what you have to make choices and most Americans that say they can't be a millionaire is because they choice to spend their money in other ways.
Tom...I agree with that...and I have done it too. But most people just will not do what it takes. I dont see anyone else in my family doing it....just read the following post from swellsurfer and his attitude that all who accomplish this are soul-less....
I've been saving fastidiously for 17 years and have barely made $340,000. The Fed keeps dropping interest rates and my rates of return keep dropping.
The financial world only cares about helping the rich, not the average investor.
Rick...I can agree with that. Cash at this time earns you nothing...and it depreciates....When the economy improves cash will lose even faster due to inflation. You have to look at what to invest in....I dont think it is the stock market unless you have a lot of inside information and the expertise...I chose realestate and rental properties about twenty yrs ago. You have to be smart about it though and it is a long term investment. A lot of people have gone broke on the get rich quick stuff and flipping. The opportunities are fewer than what was avail to invest in twenty to forty yrs ago. Maybe you have a particular knowledge or interest that you could look into on how to invest in that area and win...
There are enough soulless millionaires and billionaires in this world. They don't need another. I'm cool with what I make.
Good point,
Most people, you can read Bill Gates independant bio if you want your eyes opened, start out as true Bast@rds. Gates swallowed nearly every software developer who came up with an operating system that may have competed with Windows on his way up. Steven Jobs was Bill's partner early on, and there have been numerous publications about there relationship, along with a movie. Job's persistance was the only reason he was able to servive, along with using his operating system to limit his competition with Gates.
Gates only became a phylanthropist after he had over a hundred of billion and he came in contact with Warren Buffet. Buffet wasn't an angel while he was getting rich, but decided to start giving back after he made so much it was unlikely he could spend much of it by himself.
Military Man, you seem pretty critical of Bill Gates. I trust you are aware he in fact saved Apple / Jobbs by investing over $150M. Also, pretty easily verified, his net worth when he made the largest commitment to his foundation (2005) was around $47B. At that time he gave around $28.8B to the foundation and effectively made that his full time career. You can criticize that for all you want, but it is still a ton more than just about any other billionaire has done save for Buffett.
The GOP Heads are spinning wildly now........................
Voter,
If you were paying attention to what I wrote, you would have relaized I was using Gates as an example.
From 1990 to the early 2000s, Bill Gates and Steven Jobs were bitter rivals. Gates was eating up any competition for Windows like he was Pack-Man. His net worth went from Multi-millions to over $100 Billion almost over night.
Jobs stayed out of his readar by concentrating his efforts to technical fields like CAD and Word Processing for news production, MAC was a large commercial brand, where PC was more consumer brand. Gates met Warren Buffett and was a changed man. He has been a philanthropist ever since.
Most Libs won't become Millionaires because they spend like wild Banshees and don't know how to save and live within their means. Just like the POTUS. It's not how much you make rather how you spend it. Paying rent on money is the biggest waste of all. Second only to buying Pot so you can spend your days in a dream (dazed and confused-Led Zep).
Lately it seems like pot smokers become president
Bush the Cone head too.................
The GOP Benefactors Spend Tax Payers Money with GOP Welfare..................
I am not liking the whole perceived notion that only the rich and the wealthy or government can get us out of this problem. We have become so dependent on some other body to realize that America the people on whole can get us out of the problems we face. Start shopping and buying products that creates American Jobs and stop being reliant on government or the wealthy to get us out of the problems. Americas problem doesn't lie with debt or jobs issues Americas problem is we stopped being strong and started solely relying on someone else to do all the work.
That being said the wealthy can and should start paying there fair share of the tax burden for far too long they have had setup loopholes and schemes to avoid it.
Everyone cannot be a millionaire, or a chief. So why should those that can't or choose not to be deprived of the bounties? Just because one person might, say, put in 10-20% more time into making money then, say, the person that chooses to spend that time with his family. Why should the person that put in 10-20% more time into running a business get 1000-, 10,000-, 1,000,000-fold of the luxuries? Capitalism is a flawed system that benefits/rewards the greediest among us. Just... wake up, people.
Name a better system than capitalism.
Capitalism was a horrible failure in the 1920s, with unchecked and unregulated business exploiting workers, polluting the environment, and corrupting government. The public outcry was so bad that we had to create a socialist system to protect people from capitalism.
Its a balance.
Communism failed because they didn't strike that balance, their corruption continued unchecked, causing the inevitable collapse.
See our near future with the GOP Pyramid Scheme....................
Kyzzyxx are you serious? work hard, get rewarded.
Simple...just be born rich! Otherwise tough s***!
Like the GOP Vulchers Now....................
If you believe the wrong way you can get wealthy is to be born with it, you are the problem.
That was supposed to say.
If you believe the only way to get wealthy is to be born with it, you are the problem.
My father and uncle both came from extreme poverty, both worked scary hard and are now have both been wildly successful. In fact it's easier for guys like that in many ways as they have a pathological fear of poverty and a drive to make money and save it you just can't teach by anything else than being poor.
Being the 2nd generation it's alot harder to mentally justify that extra hour of work or not spending that extra $10 when your life has been comfortable. Good in some ways, bad in others.
What that's taught me is that people that blame anyone but themselves for their lack of success are a joke. All my role models growing up were self made men, they all made it, but the thing they had in common was complete absence of work life balance. I'm doing well, but I haven't made a meteoric rise from where I started like my parents, simply because my life is fine and I don't wake up in cold sweats remembering the winter when the power was off. I'm also probably a happier person overall. Give and take.
Every person and business, etc. etc. should be taxed the same rate respectively regardless of their income or revenue. This includes politicians. And ALL laws should apply to politicians the same as they do to the citizens. Anyone not paying their taxes should be prosecuted, this includes politicians. People who don't pay taxes should be forced to relinquish their right to vote. If you don't put in to the system you should not have that right to choose who has the power to decide where my money goes. Welfare is not a career, it is temporary help and should be treated as such unless that person is physically or mentally unable to work. Reform welfare along with the tax code.
I agree. I also think that Warren Buffet should fork over the $1 billion he owes in back taxes that he is currently haggling over.
When the income tax was first instituted, the middle class was taxed at 1%. Now the middle class is taxed at 38%. Obviously the wealthy was unhappy to be paying taxes, so they have been pushing taxation down to everybody else via regressive taxes such as sales tax, income tax, excise taxes, property taxes, fuel taxes, taxes on services and labor.
Glad to Hear it.
Then the GOP Can Pay for Thier LIARS WAR + Wounded.............................................
OLD GOP - question for you, have more Americans died in Repub wars or Democrat wars?
When Bush & Gop Pay for thier Lie .?
Then, You can Worry about my Business..................................................
who cares ?? a gold plated mouse trap is no different than a stiff wired one, in this existence........
Jeez..... being a millionaire today really isn't THAT hard. The problem is a million dollars is not a lot of money based on today's cost of living.
I can't save money because I received food assistance. If I save they cut my benefits. Then I can barely afford food and I'm working 40 hours a week. I have to wait until tax return to get a vehicle and pay for school so I can go back...It'd be nice for a Millionaire to help me get through school : D I'd do it for someone if I was a millionaire.
Sherbud, that is the problem with Government programs, they keep you poor, because if you aren't they stop giving you money. You don't see the circular problem there?
Same as Geeedy Corporate Welfare..
We want it One Way..................
The GEEDY Way Only
Cut the Head of The LIE Of and the Fake Fiscal Debt, and it will be Gone............................
Great! Then most of us are not included in the tax increases that Obama has proposed. Go ahead and tax the rich. They've been getting tax breaks for far too long. End trickle up and put some money in consumer's hands.
Amen.
That Tired OLD GOP line of Garbage is National Debt Increases Upon increases
The 2000-2006 Fiscal lie and Still Piling up, and is SOLID Proof The GOP is a FAKE FISCAL LIE.................!
I think 31% is overly optimistic in the first place. Your chances of getting rich are about as good as a highschool player making it in the NFL.
Americans refuse to believe they're poor. They think poverty is a temporary situation on their way to inevitable wealth. What a crock!
Communism promised everybody would be equal, capitalism promises everybody will be rich. Both are lies.
Rick, show me was place that it is written that capitalism promises everybody will be rich?
Oh come on Tom, you've lived in this country, watch television for 20 minutes, its a constant parade of infomercials claiming get rich quick, investing shows promising fast buxxx, religious nut cases wanting you to give them your paycheck so you will get riches in heaven, and every night are the winning lottery numbers on TV.
Don't feign ignorance. My worst fear is your ignorance is real.
He is trolling for an arguement without a CLUE