Posted on 05/03/2018 2:29:54 PM PDT by 2ndDivisionVet
[Guam is an odd place economically because it is so remote. Most places that are low tax have a low cost of living, here it is low tax and expensive. 91 octane gas for my Mazda is $4.85 a gallon right now. A loaf of generic bread is $4.25 and ground beef or pork are over $3.00 a pound. Apples or grapes can be over $4.00 a pound but you can grow watermelons, mangoes, and papaya in your yard as well as other tropical fruits. If you are into exotic cheeses and wines this is not the place to be.
Taxes are low. The property taxes on our house valued at $300,000.00 was $674.00 last year. There is no sales tax or territorial income tax, just US income tax which all stays on Guam.
The real issue is the nepotism and corruption in the local government and the fact that the culture views laziness as a virtue (Which isn’t always a bad thing).
Despite some of the negative things, Guam is still a really pretty place and, if you can afford it, a good place for a retiree to live.]
“You never thought of moving to a no state income tax place like Florida or Texas?”
Yes, we have.
My wife retires from her job in Hong Kong next year. After that, there will no reason to stay here. Currently she commutes to Hong Kong where we still have a small flat
My son is working between college as a cement flooring specialist for a small firm
The owner told him tonight if was willing to run a crew he’d buy another truck and gear and put him in charge of it and if the workload kept up he could see over 100,000 next year his share
We’re in middle tennessee experiencing a SoCal 1950s level housing etc boom
This guy who’s a a good man is heavily connected with home builders here
They do basements and driveway and some commercial work too and my boy just got back from doing some work at a fancy duck camp in the Arkansas delta
It’s a pretty good opportunity
He’s 18 and three months out of high school...making around 40,000 now and they work a lot
He could technically still be a teen and make 100,000 a year without dealing drugs
God bless America
It’s his choice....even though I’ve got a BS I’ve soured on college unless you focus on something that you need it for
MD,JD, MBA for M&A or code writing or IT or engineering etc
Not English for Gods sake or poli sci como yo lo hice
Picking up a business education while he works would be my choice. Then he would be able to run his own business. I see no benefit in spending time and money on college unless you have a distinct career that requires it. Medicine. Engineering. Well, it might also be useful for meeting hot coeds but I dunno if you need to actually be going to school to do that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.