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Robert King Licensed Real Estate Broker,  Saint Petersburg,  FL

Date: April 14, 2012

Good for you Rich and I implore you to follow through on your conscience, let it guide you, but Gary Will Not When he'll split the vote and Obama wins, can't you see in your exuberance you are backing the guy with the right motives but wrong party? Even if he could win he has no backing party in the House or Senate. How many times have we fallen for this in History? But you allow your conscience to lead you. Certainly everybody wants an honest John in the White House we only have two to choose from, undefined Republicans or the Will intended Democrats. The choice will eventually boil down to the democratic party holding it's line, not crossing over. There are not enough Libertarians or Independents willing to back the Republican Front Runner, but then I doubt in all clear conscience that Romney can beat Obama, simply because he's not a likeable guy and his wife doesn't work. At least Michael brought home $300,000 a year plus her hubby's support. How do you run a Republican Front runner married to a house wife and a will groomed champion with a $300,000 dollar supplemental income earner with a career? There are not enough conservatives willing to stick together. Are there enough Independents, conscious free Libertarians and Democrats willing to break ranks? Numerically it's impossible for anybody to beat Obama, and worst of all OBAMA KNOWS IT, so does Bernanke and Geitner, they are in it for the job of there lives, you think they'll not boost the stock market and prove that we are back from the brink? The American people are both smart and dumb all at the same moment. White Man's Guilt runs deep and wide in America. A vote against Obama is racist, or did you not know that?
Robert L. King
Saint Petersburg, Florida
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Scott Baker,  Cincinnati,  OH

Date: April 21, 2012

Romney paid
less percentage in taxes than you did, and he is worth hundreds of millions
of dollars... who cares? I would say all those who earned less than he did
and paid more percentage in taxes care... especially his secretary...

He still paid $millions of dollars in Federal Income Taxes. $Millions!!! I would say he more than paid his "Fair Share". The money that didn't go to taxes, went to charities or the government's favored business's and products, ie electric cars, solar panels, new furnace, etc. all providing tax credits that LOWER his tax bill. In the end, he paid a much higher percentage than his secretary.

The rich, by and large, got rich by hard work, education, and sacrifice, HARD WORK, EDUCATION, and SACRIFICE. They earned it. What's really neat...you can too. Yes, you and I have the same opportunity. But most of us don't want it bad enough to make the sacrifices....and then some will complain about Johnny or Susie having more candy. Then they look to someone else to take Johnny or Susie's candy so they can have the same amount, even though they didn't earn it. Childish, but that is the weak society we have evolved to.

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Glory bee Costa Licensed Real Estate Agent,  St. Michaels,  MD

Date: April 22, 2012

Scott
Great post you simplified the situation in layman language, and I totally agree with you. To be successful it does take scarficing, your personal life, including family, friends, etc.

--
Glory Bee Costa ABR, ASR, CRS, CSR, GRI, E-PRO, SRES
Broker Associate
Exit Latham Realty
410-822-2152 EXT 305
Cell 410-310-9081
www.Maryland-Waterfront-Homes.com
Fax 1-866-381-5507
Glory@GloryBeeCosta.com



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Rich Hudson Information Technology,  Menifee,  CA

Date: April 22, 2012

Scott said:

"He still paid $millions of dollars in Federal Income Taxes. $Millions!!! I would say he more than paid his "Fair Share". The money that didn't go to taxes, went to charities or the government's favored business's and products, ie electric cars, solar panels, new furnace, etc. all providing tax credits that LOWER his tax bill. In the end, he paid a much higher percentage than his secretary."

>>>>>>>>>>>>>>>>>>>>>>>>

And don't forget, some of that money went to important big government projects like retreats, "team bulding sessions", conferences to exotic locations, and lavish expense accouncts for the GSO, the department charged with overseeing spending.

More of the same from the current administration and it's big government, entitlement-driven, socialistic agenda.

Less is more when it comes to government.

Rich Hudson

State Outreach Coordinator

Gary Johnson 2012

Rich@Rich-Hudson.com

619.916.1249
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Ronny Geenen Real Estate ,  Glendora,  CA

Date: April 22, 2012

Romney paid
less percentage in taxes than you did, and he is worth hundreds of millions
of dollars... who cares? I would say all those who earned less than he did
and paid more percentage in taxes care... especially his secretary...

He still paid $millions of dollars in Federal Income Taxes. $Millions!!! I would say he more than paid his "Fair Share". The money that didn't go to taxes, went to charities or the government's favored business's and products, ie electric cars, solar panels, new furnace, etc. all providing tax credits that LOWER his tax bill. In the end, he paid a much higher percentage than his secretary.

The rich, by and large, got rich by hard work, education, and sacrifice, HARD WORK, EDUCATION, and SACRIFICE. They earned it. What's really neat...you can too. Yes, you and I have the same opportunity. But most of us don't want it bad enough to make the sacrifices....and then some will complain about Johnny or Susie having more candy. Then they look to someone else to take Johnny or Susie's candy so they can have the same amount, even though they didn't earn it. Childish, but that is the weak society we have evolved to.

What about lowering the income tax for everybody and increasing the capital gain tax with that same number %?

Ronny in Glendora

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Linda Grissette Licensed Real Estate Broker,  St. Charles,  MO

Date: April 22, 2012

The last part of the post by Scott Baker got me thinking.

This is for those who are into thinking bad of rich people and think that they should give away part of their income:

If that is what you want, please live accordingly. If you have a good production level in real estate, you are probably considered rich by many in our business who are struggling in this economy (myself included). Why don't you give part of your income to those in real estate who are struggling. After all, you say the rich should share.

Now when it involves your income, do you really think the rich should have money taken away from them to help those with less money.

(Before anyone attacks me, this was said very tongue in cheek to make a point)

Linda Grissette

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Win Singleton Vendor,  Falls Church,  VA

Date: April 22, 2012

Scott Baker wrote - "The rich, by and large, got rich by hard work, education, and sacrifice, HARD WORK, EDUCATION, and SACRIFICE. They earned it. What's really neat...you can too. Yes, you and I have the same opportunity. But most of us don't want it bad enough to make the sacrifices..."

-------------------

Ah... the "carrot" that is held out - If YOU just work hard enough, if YOU just sacrifice enough,YOU too can be rich! Yet, the chance of that happening for the vast majority of American adults is about as likely as winning the Mega-Millions lottery. And if you're not rich at the end of the day, "Gee, I guess you must not have wanted it bad enough." Ha!

Don't get me wrong - many of us can make a comfortable living selling real estate and a few can become very comfortable. That is why we chose this profession in the first place... where we can make as much money or as little money as we like. But what percentage of our fellow NAR members have become truly "rich"? Not that many since 98% of all American households make less than $250,000 per year. Yet I bet those "bread winners" work hard, they sacrifice, and many have wonderful advanced education degrees too. So how come that "adage" doesn't hold true? Why aren't they all rich?

Some actual facts -
- The Top 5% of our population own over 60% of all the wealth in our country.
- The 400 American families at the very top own 3% of all the wealth in our country.
- The Top 1% made 23% of all of the income and are controlling more than 34% of our nation's wealth.
- 93% of the income growth in 2010 went to the Top 1%.
- A full 22,000 households that made more than $1 million in 2009 paid less than 15 percent of their income in income taxes - and 1,470 managed to pay no federal income taxes on their million-plus-dollar incomes, according to the IRS.
- Billionaire and Republican donor Sheldon Adelson, who was backing Newt Gingrich for the nomination, makes over $3.3 million AN HOUR or $19.2 million A DAY. Now that's rich! He and his wife gave less than 5 hours of their daily income to help fund this campaign.
- The AP reported that as a share of the nation's economy, Uncle Sam's tax take this year will be the lowest since 1950.

Adam Smith, who literally "wrote the book" on capitalism. In 1776, in "The Wealth of Nations", Smith wrote:
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

I, for one, think Adam got it right.

Win

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Tish Osborne Licensed Real Estate Agent,  New Port Richey,  FL

Date: April 23, 2012

Alas, Linda, it is these hypothetical comments that distort the picture.

The rich are not giving their tax dollars to others. Their taxes go to the same things our tax dollars go to: defense, millionaire Congressmen, restoring the money taken from Social Security and Medicare, interest on the debt and services, such as our aging infrastructure, flood control, etc.

We need things done in this country. To do it, everybody contributes based on their ability to pay.

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Linda Grissette Licensed Real Estate Broker,  St. Charles,  MO

Date: April 23, 2012

Tish,

They don't distort the picture, they present the situation of the battle of the rich and the poor into something that people in our industry can relate to. Those who make more money in real estate have more ability to pay to help people that don't make as much as they do.

You don't like it because it doesn't match up with your view.

Yes, we've got to keep our promises to people who paid into the SS system so that they would get a retirement income and Medicare....which I've heard is soon to be going up to the same cost as individual private insurance and that doesn't help at all.

We've also got to keep our promises to those who signed on the line to put their lives at risk to defend our country.

We've got to keep our promises to those who paid into the unemployement system so that if they lose their jobs, they will be helped.

We've got to take care of those who are legitmately disabled.

We've got to keep our country defended.

After our promises are kept and we do the things we must do, they we need to start slashing the federal budget of all wasteful things and not create new wasteful things. Then and only then, can we even think about increasing anyone's taxes. It they get increase the taxes on those over $1 million in income with out much flack, they will then go after those who have over $500,000 in income....and then those with over $100,000 in income....and then those over $50,000 in income.....and on until they get the the poor people. Watch out what you wish for, because you may soon be considered rich.

Linda Grissette

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Robert King Licensed Real Estate Broker,  Saint Petersburg,  FL

Date: April 23, 2012

Win quotes Adam Smith,

"Adam Smith, who literally "wrote the book" on capitalism. In 1776, in "The Wealth of Nations", Smith wrote:
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

I, for one, think Adam got it right".

So IF Adam got it right, then why hasn't the collective gotten it right, Win? Adam Smith was One Man with an idea, that caused many to write different points of view, but NOT as the collective but as individuals hot on the trail of happiness. However, why is it the Collective who spends the majority of their hard earned wages on Taxes, Insurance and "other stuff" seem to miss the point Adam was making? Is it not the Moral Obligation to pursue happiness that seems to dawg us? Why are we so consumed with the hard work of the wealthy, I do not see a complaint coming from the crowd of wealthy. Why would Warren Buffet offer to pay MORE taxes than he already pays? Could it be because a "little more" tax out of his billions really doesn't effect his final outcome? But it does do one thing, provide more revenue to Share, right? Why not, why should Warren have all the benefits of wealth and in return we depend on him to provide what we can't or won't for our own pursuit of happiness? Could it be that Warren finds a voice among the collective by offering a few crumbs from the table of wealth that makes him stand up for the collective? If everybody had ENOUGH, there would be NO COMPLAINT, right? Everybody is happy, because the wealthy see to it, soooo... if you are, or somebody you know is not happy, I'm sure the wealthy will provide what ever happiness that keeps the silent majority SILENT. Crumbs off the table of the successful in a nut shell. You need to watch the movie "Inside Job". It really explains how the real wealthy and powerful do their stuff. It's all about the misery index, Win.

Robert L. King
Saint Petersburg, Florida

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Win Singleton Vendor,  Falls Church,  VA

Date: April 23, 2012

Linda wrote -

" it (if) they get increase the taxes on those over $1 million in income with out much flack, they will then go after those who have over $500,000 in income....and then those with over $100,000 in income....and then those over $50,000 in income.....and on until they get the the poor people. Watch out what you wish for, because you may soon be considered rich."

Sorry, but who are "they"? "They" are us... or collectively, a majority of our elected representatives.

Win

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Tish Osborne Licensed Real Estate Agent,  New Port Richey,  FL

Date: April 23, 2012

Linda,

You're doing it again.

"It they get increase the taxes on those over $1 million in income with out much flack, they will then go after those who have over $500,000 in income....and then those with over $100,000 in income....and then those over $50,000 in income.....and on until they get the the poor people. Watch out what you wish for, because you may soon be considered rich.

Purely hypothetical. No indication at all that this will occur.

And the services -- defense, SS, disability, unemployment, the military -- how the heck do you think we can continue to fund those without raising taxes?? Just add it to the deficit like Bush did? Cutting a half a million here or there isn't going to do it. We'll just lose those services.

The rich are paying the lowest taxes than they have in 50 years! When they paid more, the world didn't stop spinning. And 50 percent of businesses and corporations in the Fortune 500 PAID NO TAXES for at least one year in the past seven. Exxon made the highest profit IN THE WORLD and paid NO TAXES.

These are not hypotheticals, these are FACTS. The rich and business are NOT paying their fair share.

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Linda Grissette Licensed Real Estate Broker,  St. Charles,  MO

Date: April 23, 2012

It may be hypotetical, but when you give our government an inch.....especially when talking about tax increases.

I can remember the only time I've been considered rich. When Reagan raised taxes he said they were only for the rich....and our taxes went up the next year. I think we made somewhere around $30,000 at the time...maybe less.

That's why I don't trust ANY polititian when they start talking about tax increases for the rich. Instead the rich got hidden tax breaks....just like you are talking about. When all this is over, they will still be rich and we'll be poorer.

Linda

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Linda Grissette Licensed Real Estate Broker,  St. Charles,  MO

Date: April 23, 2012

"They" is Congress....the government. See the post i just did.

Linda

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Rich Hudson Information Technology,  Menifee,  CA

Date: April 23, 2012

The Dutch are the latest to see what socialistic programs can do to you in the long run.

The Dutch government, one of the most vocal critics of European countries failing to rein in their budgets, quit Monday after failing to agree on a plan to bring its own deficit in line with EU rules.

http://www.usatoday.com/money/story/2012-04-23/dutch-government-collapse/54483476/1?csp=hf

Rich Hudson

State Outreach Coordinator

Gary Johnson 2012

Rich@Rich-Hudson.com

619.916.1249
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