Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

On Oct 16, 2008, at 10:31 AM, rayzentz AT aim.com wrote:

> All logical arguments, Gene, but leaving out a major crucial fact.
> The tax burden gets passed on.
>
> For example, I currently rent.

Stop that as soon as you can. Renting is like using credit cards: you  
are making a profit for someone else. Make it for yourself. Find a  
very modest foreclosed property and buy it for your family.
> Tax rates have gone up on local properties.

Tax rates are set by county governments. Your elected representatives  
set a budget and then ask the Assessor to provide the assessed  
valuation against which to levy the necessary taxes to pay for the  
budget. This is a local issue. If you believe it is wrong, speak out  
locally.

>   You would think, then,
> that the evil landlords are being punished for their obscene
> profit-taking.

Obscene profit taking? By the judgement of renters? Is it legal? Then  
it is part of the acclaimed American free enterprise system that has  
been in operation for a very long time. All of us have equal  
opportunity to buy rental property and set rent scales. How much rent  
can be charged depends on local conditions. Supply and demand.

>   But no, instead, rates on rentals have gone up.   So
> who is paying the increased taxes?   in reality, not in Obamaworld.
> The poor renters.  Or the poor suckers.  it's all merely semantics,
> after all.

No, the principles of sound financial decisions remain the same. Live  
below your means. Operate on a cash basis. Don't buy a car until you  
have the cash. Borrow money only for real estate and education.
> And if the day evercomes that my teacher salary become 1 million a
> year, well them, Joe will be making 6-7 million, and we will be wiping
> our collective butts with money, instead of charmin, and I won't even
> be able to GET the Ramen Noodle, much less eat them.

And your health will be the better for it.
> I like your Obamaworld, Gene, but that's all it is... a fantasy

Nobody knows what Obama can do until he tries it and takes on the DC  
Whorehouse. I believe he has promise.
> Joe the plumber will pass on his increased tax burden to his  
> customers,
> which will raise the prices his customers pay,

Does any business do otherwise?

> which means he will NOT
> get more business, and he will have to fire his newly hired employees,
> which means unemployment still goes up.

Again, the free enterprise system. All businesses face competition,  
which keeps prices reasonable, as long as the service or product  
provided is of equal quality.
> See?

I have seen this system for a long time. I must say that I miss the  
days when I had the certainty of youth.