plane hits building in Austin

apple0154 said:
As I detailed previously to what can I attribute bumping into my Real Estate agent at the video store, purchasing a building at half the market value, developers moving into the area, land values soaring and, a few years later, selling for six times what I paid? That required absolutely no hard work. It was either luck or guardian angels.

The other building I purchased, although not at half price, also benefited from not only the general housing bubble but developers moving into the area. That netted three times my purchase price.

I wasn't a Real Estate speculator. I was a blue collar worker. I was lucky.
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But you sure did screw those apartment renters, didn't you. :palm:
 
apple0154 said:
You don't know how your life will work out. You're young. I'm sure I was just as "incompetent" as you when it came to building riches. I was over 40 before I could throw away the grocery list and put into the cart whatever I felt like at the time. I was over 40 before I could go the casino and drop a couple of grand without waking up in a cold sweat the next morning.

Money isn't nor ever was an obsession of mine. Other than enjoying a relatively short period of extravagance when I sold my property I live no differently than the way I did the first 40 years of my life. I know my good fortune is due to luck and circumstance and those things can change.

As for your comment, "While this has frustrated me for a long time, and has caused me to experience bouts of self-pity and self-loathing, it has not caused me to fall so low as to spout liberal talking-points about class and control of resources" I have never suggested leveling the field.

My point is anyone without adequate food and shelter and medical care deserves assistance.
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"My point is anyone without adequate food and shelter and medical care deserves assistance."

No matter how lazy or unmotivated they are!! :good4u:
 
WinterBorn said:
First off, how did you make the money you used to buy the building?
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Years ago I purchased an inexpensive country home requiring renovation. I never finished the renovations, sold the house and used those funds as a down payment for the building.

Secondly, do you have any idea how many people would have passed up the bargain in favor of the latest gadget or to spend their money doing something fun?
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That's true, however, if they knew they would receive 6 times what they paid in four or five years many would have bought it strictly as an investment. Remember, it was in a poor area of town and most people who buy those buildings live in them. I can understand someone not wanting to buy if they felt they would be spending the rest of their life there.

I lived in a similar building a couple of blocks away. I was one of the po' folk. As far as I was concerned I was going to stay there and keep the building for a long time. It was strictly chance that values soared so high I couldn't resist not selling. With the bubble burst and developers having already picked the best buildings the two I sold have barely held their value. Again, who would have known when I sold that the selling price was at the top? I wouldn't have gained anything by holding on to them longer. Again, luck/timing.

Yes, there is some luck involved in many instances. But to try and chalk it all up to luck is to make a mockery of those who busted their butts to get somewhere.
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I'm sure some people have scrapped and scratched but was it out of necessity or greed?

The point of all of this is why do you think its ok to soak one group for 35% of their money, and let another group not pay at all, or pay far less?
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Why? Because the 35% is on income and the problem is with the definition of income. Where I live the profit I received from the buildings were considered capital gains and only 50% of capital gains are taxed as income.

Put another way the people in the high income tax bracket are quite likely to be receiving other monies, like capital gains, which are not taxed to the full extent so they aren't paying 35% on all the money coming in.

Many have businesses and tax deductions which the poor person does not have. Take a guy who owns a grocery store. He sure as hell doesn't go grocery shopping at his competitors. So, what does he do? He takes whatever food he and his family require from his own store. When he files income tax he lists what he sold and deducts what he paid for products and that's his profit. In other words he writes off the grocery bill for his family. Wouldn't that be nice if we could all write off our grocery bill.

Then there's those who require a car for work. Wouldn't we all like to write off some gas here and some repairs there over the year?

Whether it's food or automobile costs or cleaning supplies or other things we all use at home business people write those things off. Yes, even a vacation to attend a conference or seminar depending on the business. And if any of the profits are put back in the business, say a new refrigeration unit or new shelving or decor, again, the use of tax free money until the business is sold. Then only a portion of the selling price, capital gains, is taxed.

Talk about a racket! The 35% income tax is on the money left over after everything possible is written off. It's like the poor guy getting his full pay check without any taxes taken off, paying all his expenses, then paying 35% on the 20 bucks he's got left over. And governments keep giving incentives to "little business men". A tax break here. A tax write-off there.

You can be sure the income taxed at 35% is only a portion of the money they put in their pocket whereas the poor guy is taxed on every cent he receives because every cent he receives is through his pay check.
 
USFREEDOM911 said:
"My point is anyone without adequate food and shelter and medical care deserves assistance."

No matter how lazy or unmotivated they are!! :good4u:
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If their laziness or lack of motivation is causing them serious problems then there is something wrong with them. Maybe clinical depression. Maybe a physical ailment.

Do you think the dumpster pickers are healthy, normal people? Do you think the homeless are merely lazy?
 
apple0154 said:
I'm sure some people have scrapped and scratched but was it out of necessity or greed?
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Why is it you want to make anyone who worked hard for a good income sound "greedy".

In one post you talk about how some people are lucky because their parents can help them with a downpayment on a home. In another post you call people who work hard for their money "greedy".

How about those less fortunate because they have parents that are greedy?




The deductions and tax write-offs could be cured by passing the Fair Tax Act.
 
Where is the outcry about this terrorist attack.... Still waiting!


So a guy gets on a plane in Amsterdam with an improvised device, that because of security measures they tried to avoid was too weak to explode,(noone killed) and they attack President Obama...

But a home grown gets in his plane in Texas and fly's it into a government building killing people and noone screams about the terrorism!


What a nation we live in!
 
Jarod said:
Where is the outcry about this terrorist attack.... Still waiting!


So a guy gets on a plane in Amsterdam with an improvised device, that because of security measures they tried to avoid was too weak to explode,(noone killed) and they attack President Obama...

But a home grown gets in his plane in Texas and fly's it into a government building killing people and noone screams about the terrorism!


What a nation we live in!
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Welcome to the world of your own making Jarod. The folks calling this a terrorist attack are mainly on the Right, and since you only read Libtard News and Lamestream Media you haven't seen it.
 
Southern Man said:
Welcome to the world of your own making Jarod. The folks calling this a terrorist attack are mainly on the Right, and since you only read Libtard News and Lamestream Media you haven't seen it.
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Where are all the Republican senators who should be jumping all over President Obama on this one?
 
Jarod said:
Where are all the Republican senators who should be jumping all over President Obama on this one?
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The difference is that the xmas bombing attempt was by someone who was reported to be a threat and carried explosives onto a commercial airliner. The most recent was by someone who was not known to be a threat, carried no explosives, and was the pilot of his own aircraft.

There are security measures that could have stopped the first one. The second one not so much.

But the lack of rants is strange, isn't it?
 
WinterBorn said:
The difference is that the xmas bombing attempt was by someone who was reported to be a threat and carried explosives onto a commercial airliner. The most recent was by someone who was not known to be a threat, carried no explosives, and was the pilot of his own aircraft.

There are security measures that could have stopped the first one. The second one not so much.

But the lack of rants is strange, isn't it?
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1) The security did stop the droopy pants bomber!
2) This Texas whack was known to be a threat!
 
Jarod said:
The difference is where the attackers came from!
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That is indeed part of it. But before you go off on some "they are racist!" tangent, the difference is that one was a free citizen inside the US, and the other was known to have been to a training camp for terrorists and was coming from outside the US.


The guy from Texas was a whackjob, thats for sure. But unless you are advocating the removal of all of our freedoms, there was not much that could have been done to stop him.

The droopy pants bomber was only stopped by security because his bomb failed. Had it detonated as planned, the plane would have crashed. The man should not have been allowed onto the commercial airliner, due to numerous factors (not the least being that he had been reported by his father as being a threat).
 
Jarod said:
1) The security did stop the droopy pants bomber!
2) This Texas whack was known to be a threat!
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1. No, security completely failed on this one.

2. What had the Texas Whack done to be seen as a threat?
 
WinterBorn said:
That is indeed part of it. But before you go off on some "they are racist!" tangent, the difference is that one was a free citizen inside the US, and the other was known to have been to a training camp for terrorists and was coming from outside the US.


The guy from Texas was a whackjob, thats for sure. But unless you are advocating the removal of all of our freedoms, there was not much that could have been done to stop him.

The droopy pants bomber was only stopped by security because his bomb failed. Had it detonated as planned, the plane would have crashed. The man should not have been allowed onto the commercial airliner, due to numerous factors (not the least being that he had been reported by his father as being a threat).
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The reason his bomb falied was due to his attempt to make is so that it would not be detected by security.
 
WinterBorn said:
Why is it you want to make anyone who worked hard for a good income sound "greedy".

In one post you talk about how some people are lucky because their parents can help them with a downpayment on a home. In another post you call people who work hard for their money "greedy".

How about those less fortunate because they have parents that are greedy?

The deductions and tax write-offs could be cured by passing the Fair Tax Act.
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It's the people who are successful AND complain about helping others in need. There's nothing wrong with having money. Actually, it's quite nice. What's not nice is when those who do say those who don't are lazy.
 
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