Do you own your home?

Re: Do you own your home?

PostBy: franco b On: Tue Jan 08, 2013 5:00 pm

Freddy wrote:Well... the Government charges rent, huh? We have a few choices.... We can trick them... We can use their own currency against them. All we have to do is put 2,000 of those USA green notes with President Grant's picture on them in 5 different banks, 400 Grants in each bank. They will GIVE you 2% a year, and it's 100% insured! So now you have $20,000 dollars a year free money to pay your taxes and even buy food. So, who cares, you can call it rent if you want, but now they are PAYING YOU to stay! You may scoff and yes, perhaps this is difficult to do, but, it is not an exaggeration, and I'll bet it's easier to do in the USA than any other country on Earth. If not.... move to the country that you think it's easier & do it there!

If I took that much money out of my mattress it would be too thin to sleep on. The crappy 4000 (not 20,000) is not enough to give up a good nights sleep. 200,000 x .02 = 4,000.
franco b
 
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Re: Do you own your home?

PostBy: Freddy On: Tue Jan 08, 2013 5:33 pm

franco b wrote:The crappy 4000 (not 20,000) is not enough


That's why 5 banks are needed.... that way it's all insured. $200,000 in each bank.... yaaaa, it's a million that has to come out of the mattress to make it work. The point I was trying to make is that there is no place better on Earth to have a chance at doing that. I have not done it, but I personally know of three people that started with a high school education and have made themselves worth over a million.... one of them many times over.
Freddy
 
Stoker Coal Boiler: Axeman Anderson 130 (pea)
Hot Air Coal Stoker Stove: Reading piece o' junk in the barn (rice)
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Re: Do you own your home?

PostBy: SteveZee On: Tue Jan 08, 2013 6:43 pm

Freddy wrote:
franco b wrote:The crappy 4000 (not 20,000) is not enough


That's why 5 banks are needed.... that way it's all insured. $200,000 in each bank.... yaaaa, it's a million that has to come out of the mattress to make it work. The point I was trying to make is that there is no place better on Earth to have a chance at doing that. I have not done it, but I personally know of three people that started with a high school education and have made themselves worth over a million.... one of them many times over.


The fact that it's even possible at all is what makes our country such a great place. Amen Freddie!
SteveZee
 
Hand Fed Coal Stove: Glenwood Modern Oak 116 & Glenwood 208 C Range


Re: Do you own your home?

PostBy: jpete On: Tue Jan 08, 2013 6:54 pm

So that isn't possible in Canada? Or England? France? Australia? Japan? How about China? Lots of new millionaires in China.
jpete
 
Hand Fed Coal Stove: Harman Mk II
Coal Size/Type: Stove, Nut, Pea
Other Heating: Dino juice

Re: Do you own your home?

PostBy: Flyer5 On: Tue Jan 08, 2013 8:15 pm

franco b wrote:
Freddy wrote:Well... the Government charges rent, huh? We have a few choices.... We can trick them... We can use their own currency against them. All we have to do is put 2,000 of those USA green notes with President Grant's picture on them in 5 different banks, 400 Grants in each bank. They will GIVE you 2% a year, and it's 100% insured! So now you have $20,000 dollars a year free money to pay your taxes and even buy food. So, who cares, you can call it rent if you want, but now they are PAYING YOU to stay! You may scoff and yes, perhaps this is difficult to do, but, it is not an exaggeration, and I'll bet it's easier to do in the USA than any other country on Earth. If not.... move to the country that you think it's easier & do it there!

If I took that much money out of my mattress it would be too thin to sleep on. The crappy 4000 (not 20,000) is not enough to give up a good nights sleep. 200,000 x .02 = 4,000.



I have a sleep number so my mattress is just full of air . :D
Flyer5
 
Stoker Coal Boiler: Leisure Line WL110
Hot Air Coal Stoker Stove: Leisure Line Pioneer

Re: Do you own your home?

PostBy: SteveZee On: Tue Jan 08, 2013 9:55 pm

jpete wrote:So that isn't possible in Canada? Or England? France? Australia? Japan? How about China? Lots of new millionaires in China.


People immigrate to those places just as they do and have done to the states, so yep I'm sure it is.
SteveZee
 
Hand Fed Coal Stove: Glenwood Modern Oak 116 & Glenwood 208 C Range

Re: Do you own your home?

PostBy: jpete On: Tue Jan 08, 2013 9:57 pm

SteveZee wrote:
jpete wrote:So that isn't possible in Canada? Or England? France? Australia? Japan? How about China? Lots of new millionaires in China.


People immigrate to those places just as they do and have done to the states, so yep I'm sure it is.


Are they ALL the "best country in the world" or is that saying just nationalist tripe?
jpete
 
Hand Fed Coal Stove: Harman Mk II
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Re: Do you own your home?

PostBy: ValterBorges On: Wed Jan 09, 2013 12:56 am

Its more like 1.5 M to get you 20,000 at 2% and after interest income taxes state and fed taxes.

Owning And renting a few multi families at 150-200k each say 3x2 family can easily net your 20k after taxes, repair in some reasonable areas, for more like 600k.

There are still good ways to make 6-8% in the market for little risk and its a better investment at least while capital gains 15%.

No free lunch but best place in the world to prosper is still right here the good ol USA.
ValterBorges
 
Stove/Furnace Make: AHS
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Re: Do you own your home?

PostBy: dcrane On: Wed Jan 09, 2013 5:51 am

jpete wrote:So that isn't possible in Canada? Or England? France? Australia? Japan? How about China? Lots of new millionaires in China.


right now China and Brazil crush us in terms of ability to pursue, make and keep money, im not sure about the other places currently but jpete is right for sure... I only hope it gets better around here real soon before China owns us all :shock:

Im not sure how local Gov. survived and thrived prior to taxation of properties but they did! Maybe their was alot more volunteer work and communities simply helping each other to build a school or repair a road? i dont know, but its a damb GOOD question that id like to learn!
dcrane
 
Hand Fed Coal Stove: Crane 404

Re: Do you own your home?

PostBy: lsayre On: Wed Jan 09, 2013 6:41 am

dcrane wrote:right now China and Brazil crush us in terms of ability to pursue, make and keep money, im not sure about the other places currently ...


Russia has only a 13% flat tax. Compliance is high and they are taking in more revenue than when they had a progressive tax more akin to ours. Is there something to be learned here?
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
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Re: Do you own your home?

PostBy: jpete On: Wed Jan 09, 2013 8:15 am

No Larry, there's nothing to be learned. Because we're the USA! F*ck yeah! And we're good enough, and smart enough, and darn it...people LIKE us! :lol:
jpete
 
Hand Fed Coal Stove: Harman Mk II
Coal Size/Type: Stove, Nut, Pea
Other Heating: Dino juice

Re: Do you own your home?

PostBy: KLook On: Wed Jan 09, 2013 9:00 am

No Larry, there's nothing to be learned. Because we're the USA! F*ck yeah! And we're good enough, and smart enough, and darn it...people LIKE us! :lol:



For more on this, see the news articles about the mental state and ego's of today's college freshmen.

Kevin
KLook
 
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Re: Do you own your home?

PostBy: SteveZee On: Wed Jan 09, 2013 9:37 am

dcrane wrote:
jpete wrote:So that isn't possible in Canada? Or England? France? Australia? Japan? How about China? Lots of new millionaires in China.


right now China and Brazil crush us in terms of ability to pursue, make and keep money, im not sure about the other places currently but jpete is right for sure... I only hope it gets better around here real soon before China owns us all :shock:

Im not sure how local Gov. survived and thrived prior to taxation of properties but they did! Maybe their was alot more volunteer work and communities simply helping each other to build a school or repair a road? i dont know, but its a damb GOOD question that id like to learn!


Allot of that growth comes or came from out-sourcing of jobs here. US companies were able to pay less for the work and the recipients of that re-invested in their economies because of the cheap labor pools. Both of those countries have vast labor pools that will work for much less then the worker here needs (or wants) to work for.

As far as prior to the income and property tax period, they were first introduced as a way to pay for WW1 costs/repairations. An interesting result of that tax change was the creation of the "middle class". Before that period, the the divide between have's and have not's was much greater.

I grew up in a small town in western Mass called Lenox. It was known as the "inland" Newport for the "cottages" the Robber Baron's and wealthy built for their summers back at the turn of the 20th century. These were castles and copies of Venetian palaces. The relatives of the workers that built these palaces were the town folk in my day. After WW1 and income and property taxes kicked in many of these places were abandoned by their wealthy owners as to costly to maintain. As a kid we would sneak into some of these places. Most were closed up or had a caretaker that used the greenhouses or whatever. It looked as if the inhabitants left in the middle of the night leaving behind some incredible furniture, Persian carpets and tapestry wall hangings. Even the plumbing fixtures were unreal! I only wish I'd known back then what some of those things would have been worth later on! ;) Many were turned into private schools or hotel/restaurants etc.. They called that the Gilded Age for those few lucky enough to have lived it in that style. All the big names had a "cottage". Carnegie, Rockefeller, Astor, etc....all had homes there.
SteveZee
 
Hand Fed Coal Stove: Glenwood Modern Oak 116 & Glenwood 208 C Range

Re: Do you own your home?

PostBy: Dann757 On: Wed Jan 09, 2013 9:44 am

[quote="jpete
I don't know what you do for a living, but I haven't had $2,000 to park in ONE bank, much less five, probably ever in my life. Certainly not for an entire year. All my money is spent paying rent to banks and governments. [/quote]

Awwww. Po boy.

Maybe if you spent as much time earning income as you do constantly criticizing your own country you wouldn't need to garner a sense of empowerment that way. Or by sucking up to manly swat teams. I guess you like the light from burning your candle at both ends.
I have to go to work soon so I don't have time to search all your Anti American posts for one positive comment about the USA. You put up the posts, you're going to get reactions from Americans that do recognize a lot of injustices, but don't find your type of criticism palatable.
Dann757
 

Re: Do you own your home?

PostBy: freetown fred On: Wed Jan 09, 2013 9:45 am

Nice history lesson SZ :)
freetown fred
 
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