Welcome! Please use the navigational links to explore our website.
PartsASAP LogoCompany Logo (800) 853-2651

Shop Now

   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
 
Marketplace
Classified Ads
Photo Ads
Tractor Parts
Salvage

Community
Discussion Forums
Project Journals
Your Stories
Events Calendar
Hauling Schedule

Galleries
Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Articles
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs
Glossary

Miscellaneous
Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

  
Tractor Talk Discussion Board

OT: How to spur savings in the US?

[ Expand ] [ View Replies ] [ Add a Reply ] [ Return to Forum ]

Posted by kelly C on January 17, 2009 at 23:53:00 from (75.161.211.203):

I watched a program the other night that really shined a light on part of the problem our contry is in now.

Did you know that even though the Chinnese make just a fraction of our income per capita. Some thing like $2000 a year or less. They save a high percentage of that money. In the range of 25%. Individually thats not much, but times that by billions of people investing. That is a substatial sum of money.

Where does that money go? It goes to buy US and other assets.To invest in US banks ect. That is where all the excess capital came from that got loaned out to unqualified home buyers and shady bussiness deals.

The root of our current problem?

Where does US money go? Mostly our money does not get saved. It gets used up consuming products from China and Japan.

In effect we are swapping US assets for China junk.

Now I am not going to say that I have not enjoyed being able to get a cheap CD player. If I did I would be lieing. I guess I also would like the oportunity to be able to buy a cheap CD player latter on too.

We have to find a way to ballance this thing out some. Its tilted way to far out of wack.

Personally my Wife and I have made changes to our life style to accomodate more savings.

If the idea is to wait until every individual has the bulb go off. It might come on too late.

I think whats needed is a tax break for normal savings. We already have 401K's and IRA's and the like. That is for retirement savings.

What if you could dump up to 25% of your take home pay into a savings account that you still could take out of if needed? Then at the end of the year. What ever you had in it would be taxed at a lower rate. The next year any increase from the year before would also be taxed at that rate.

That way your money could go in and out as needed. You would only have to deal with the tally man at the end of the year.

Just a idea.

This post was edited by Kelly C at 00:10:56 01/18/09.


Replies:



Add a Reply

:
:
:

:

:

:

:

:

:

Advanced Posting Options

: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.



 
Advanced Posting Tools
  Upload Photo  Select Gallery Photo  Attach Serial # List  Return to Post 

TRACTOR PARTS TRACTOR MANUALS
We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home  |  Forums


Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and ... [Read Article]

Latest Ad: Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor [More Ads]

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy