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If there is anything we need to do it is to raise taxes on the rich! That needs to be priority 1 so we can fund things like a national health program.
But why? If one person busts their ass working hard all their life, taking chances with their savings, starting a business, working 7 days a week just to make sure the business succeeds, and another person gets a 9-5 office job, makes enough to make ends meet but not enough to have much discretionary income, why do you think the one who worked harder should be punished for it?
this country was built on a capitalist system where anyone can succeed if they just put their mind to it and bust their butt. I don't understand the Socialist mindset of "lets take it away from the people who earned it and redistribute the wealth". If anyone wants more money it is out there for the MAKING not the TAKING.
Remember, "From each according to their ability, to each according to their needs" is straight out of the Communist Manifesto. Careful now!
If there is anything we need to do it is to raise taxes on the rich! That needs to be priority 1 so we can fund things like a national health program.
Spoken like somebody who hasn't busted their ass and climbed their way out of poverty or lower middle-class. Personally, I'm far from rich, but everything I do have I worked very hard for. I also intend to get higher on the income ladder through hard work and smart investing.
What you're talking about is penalizing all the people who have done this; punish them for being motivated and dedicated. Taking it away from them in order to give it to someone else who may not have taken the time and effort to do it for themselves.
This is not a socialist country, and with luck it never will be. The American Dream is still a reality -- you just have to go get it for yourself; it will not be handed to you on a silver platter.
I was not really aware of one. Oh, a few people have lost their homes, big deal. It has happened before, it will happen again. Life goes on. Yesterday's homeowners become tomorrow's renters.
My apartments are filled, my renters are all working and paying thier rent; so what is the issue?
I see no reason to limit how many housing units I can buy. Nor anyone else for that matter.
It certainly has little connneciton to anything else.
As for the reference to raising taxes on folks; have a ball. I have not paid income taxes since 1983.
If there is anything we need to do it is to raise taxes on the rich! That needs to be priority 1 so we can fund things like a national health program.
Kev
There are many in the world that would consider YOU rich. They would do their best to take away what you have too.
I live in a country with socialized medicine and a bunch of my friends are doctors in it. It is not all it is cracked up to be.
I have an injury to my hand that occurred during an incident in SF. My arteries, muscles, etc were severed in my left hand. It was all put back together. I was driving along with a doctor buddy of mine last year and witnessed a scooter accident where a 18 year old's hand was mangled. No blood, just screwed up three fingers. My buddy said it would be amputated. Period.
A few months back some Canadian politician who railed against the US health system contracted cancer. She came to the US for her treatment.
The problem with our system is that the US, on average, has the best care AND the most expensive. I bought International Health Care when I left the US for Europe. They said that if I got sick, please go anywhere but the US or Japan. Costs are driven up unnecessarily by fraud, administration, lawyers and a population obsessed with demanding guaranteed perfect health without living a healthy lifestyle.
and it seems like a number of people do think there is a crisis coming.
Greedy? So, when I sell one of my properties, take the equity and buy 3 more rental properties I'm greedy?
I'm a stay-at-home mom - the rents I receive from my tenants is how I make my income.
My families lifestyle is by no means opulent and my husband and I are good people who happen to have a passion for real estate accumulation. We're trying to do what many people can't/won't do - we live modestly in order to accumulate rental property (for present and future income) - hardly greedy. It's one really good way to make money outside of the traditional 9 to 5 job. The idea of restricting our real estate acquisition because people like you don't have the means or the know how to do it is bizarre and ridiculous.
You shouldn't be quick to condemn and judge people based upon their portfolio. We are all more than what we own.
Last edited by mommabear2; 12-31-2007 at 05:51 AM..
right on! mommabear. There's nothing greedy about risking one's investment money to make additional prudent investments and modestly living within one's means.
Always have to love the mentality that its okay to take from the rich becuase "they have so much". Who cares if they work hard for it, becuase they have it gives the moochers the right to take it from them.
I am not rich, but I like keeping what I earn. I do not want to be given anything from those that work so I can sit at home and do nothing with my life.
If anyone has the money and wants to take the risk to buy a dozen homes, so be it. Its their right as free individuals.
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