R Quinn

Comments

• It took me from 1961 in my first job until 2010 to achieve a net worth exceeding $1 million. We had virtually nothing before 1982 when we gained access to a 401k. The greatest period of accumulation was the five years before 2010. There are too many people who look at those with a pot of gold and ignore the long, sometimes bumpy road to reach it. A road that is open to the great majority of people who want to take it and pay the tolls along the way.

  Post: Billionaires, taxes and you

  Link to comment from May 28, 2026

• I see abandoning your children in a boarding school as very different from preschool or a semester abroad or prep classes. A better education (if that is even valid) is no trade off with being detached from a loving family environment, it’s a poor excuse. It’s parents who want to place their responsibility elsewhere.

  Post: The Boy Who Tried Hard: A Reflection

  Link to comment from May 28, 2026

• I’m not sure comments are appropriate, but I’ll try with reservation because I can’t write what I am thinking. So, do you truly believe this “It was my parents belief that boarding school in the UK would provide my brother and me with a better education and greater opportunity.” I don’t.

  Post: The Boy Who Tried Hard: A Reflection

  Link to comment from May 27, 2026

• The US is among the lower taxed countries in the world. We delude ourselves that we can have what we do and not pay taxes or that the taxes will only be paid by the other guy. Yet we don’t even want to pay to keep what we already need like SS and Medicare. SS can be made sustainable with minor changes including raising the FICA taxes on worker and employer and not excessively, but suggest that and cover your ears. Look at the maneuvering to avoid IRMAA, sometimes also to avoid taxing SS benefits when those income taxes go into the SS and Medicare trusts. Millions of Americans enjoy paying their employer health insurance premiums with tax free money. And in the midst of all this, most Americans applaud recent tax reductions and some tax free income. We are short-sighted, and ignorant, but apparently not unhappy paying a trillion dollars a year in interest expense putting us at a growing risk. if investors start demanding a better return for US debt, we are heading for crisis mode. Instead of reserving deficits and debt to deal with national crisis, like war and depression, we have made it a way of life like a family maintaining a lavish lifestyle on credit cards.

  Post: Billionaires, taxes and you

  Link to comment from May 27, 2026

• The tax rate for 95% of taxpayers on capital gains is only 15% or 0%. The issue for the super wealthy is also dilution of their company ownership by selling shares.

  Post: Billionaires, taxes and you

  Link to comment from May 27, 2026

• Neither do I.

  Post: Billionaires, taxes and you

  Link to comment from May 26, 2026

• Undocumented immigrants are 5% of our workforce mostly in the jobs you mention, the service and food industry and construction. I doubt even AI wants one of those jobs.

  Post: Percentage that “age in place”

  Link to comment from May 26, 2026

• Wow, I’m guessing those taxes don’t have to support any schools. Our property taxes on a 2000sf condo are almost $1200 a month.

  Post: Percentage that “age in place”

  Link to comment from May 26, 2026

• Just like a Roth you would not be taxed on after tax contributions or earnings.

  Post: Time to scrap IRAs, 401k, 403b and all the rest

  Link to comment from May 25, 2026

• Not really, but we didn’t stay put either.

  Post: Percentage that “age in place”

  Link to comment from May 25, 2026