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The jealous class

As a young man I owned the clothes on my back and a few in a drawer. If someone would have asked me how many socks that I owned, I would not have been able to give a correct answer. A few years and a few jobs later, I owned the same clothes, plus some beer cans in the fridge, and a bunch of tools. I would not have been able to give an accurate number of how many beer cans were in my fridge or how many tools were in my truck at any given time.

Over the years I have acquired more goodies and some junk. In an attempt to become financially successful, I have purchased stocks, bonds, CD's, rental homes, and raw land. I trust a financial advisor to keep track of my "stuff" for me. While I have a general idea how much everything is worth, I have no idea how many shares of XYZ corp I own or even if I own XYZ stock.

While homes represent a bigger value than shares of stock, they still are just an asset. Especially once a person gains some financial success. A house to a financially successful person could be the same as a share of Microsoft to a person making less money. While a first home or share of stock may be a big deal, at some point, a person who buys more of either, may tend to lose track. No big deal. Get an expert to help keep track of those things.

The whole  concept of McCain has no idea how many houses that he owns, or that his wife owns, is simply a ploy by libs to get the "jealous class" fired up again.

Comment balloon 22 commentsKevin Robinson • August 27 2008 10:39AM

Comments

Kevin - I own more than 300 shirts. So, what did my wife, who says I have too many shirts get me for my birthday? 2 shirts of course.

I agree with your McCain home statement. After all, there was no outcry against Kerry's multiple properties or his wife's wealth when he ran. There was adulation of Ted Kennedy Monday night by the same people decrying McCain for being out of touch.

Posted by Anonymous about 9 years ago

Kevin,

As logical as your point is, most of the middle class to whom Barach is appealing, do not see it that way.  The Democrat's point is that McCain is not able to understand their needs. I think they have a valid point.  McCain's comment about the economy doing well is another example of his detachment from the middle class.  Regardless of all of these sound bites, McCain would make a good president since GW and Cheney have set such a low bar.

Posted by Bill Schwent, Santa Fe Broker (Casa Tierra Realty) about 9 years ago

Bill - I believe McCain said that the economy is fundamentally strong but struggling with big challenges right now. That is a far cry from saying it is doing well. I think he is really closer to the middle class than Obama is.

Posted by Mike Saunders (Lanier Partners) about 9 years ago

Kevin,

If they had asked me that question I would have answered the same way. I own quite a bit of rental properties and I would have to think long and hard as to how many I currently have. I do buy and sell them also. This is just a big nothing by the liberal media and Democrats trying to make something out of nothing.

Congratulations this post is now featured in the Silent Majority Group of Active Rain.

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) about 9 years ago

Kevin ~ Obama and the liberal Marxists hate free enterprise, capitalism and entrepreneurs who make this country great. Liberals call this the love of money, how sad. America rewards hard work, sound investing and this makes liberals sick.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) about 9 years ago

Well Said Kevin, I learned long ago to get inspiration from those who do well, not to envy them.  I teach my boys the same values.

I think in order to support higher taxes for those who do better you must be jealous of others.  I think the bible says something about that...

Posted by Delaware Junk Removal Residential And Commercial Hauling Clean Outs, Whole House Clean Outs, Basements, Garages, Attics (Delaware Junk Removal 302-530-9186) about 9 years ago

It's funny in a way. One of the many reasons I cam here is because success is frowned upon in Socialist England. Here it is celebrated. I think it is celebrated by the majority, but we shall see.

Posted by Simon Conway (Orlando Area Real Estate Services) about 9 years ago

The problem is when people get some financial success, they have to be careful in not forgetting WHERE THEY CAME FROM.  You can't change your own history with money and money can get you happiness.  Money can help, but with money, you can help people who are not as bright as you, need help for whatever reason; lost job, mental problems, divorce, death in a family, etc.  We have to be REAL CAREFUL, that we don't lose sight of humanity and compassion, since that's the diffeference between an animal and a human.

                                             ;>)

Posted by Ann-Marie Clements, M.S. Ed., Innovative Proactive Principal (Dubai International School, UAE) about 9 years ago

Great post! Look at the democratic Kennedy's. How many homes do they own? I bet they couldn't answer either! I think your post makes total sense.

Posted by LaNita Cates (REMAX of Joliet) about 9 years ago

Ann-Marie,

Thanks for your posting.  I hope the others understand that with great opportunity comes great responsibility.  You, obviously, learned this long ago.  Once the higher income recipients of our great country grasp this idea, the better off will be our society.  One need only to see what great contributions are being made by Bill Gates and Warren Buffet and others to understand what social responsibility is all about.

Posted by Bill Schwent, Santa Fe Broker (Casa Tierra Realty) about 9 years ago

Bill-

If we have chosen the position in life in which we can most of all work for mankind, no burdens can bow us down, because they are sacrifices for the benefit of all; then we shall experience no petty, limited, selfish joy, but our happiness will belong to millions, our deeds will live on quietly but perpetually at work, and over our ashes will be shed the hot tears of noble people.

Marx, Letter to His Father (1837)

Karl Marx would be proud!

Posted by Delaware Junk Removal Residential And Commercial Hauling Clean Outs, Whole House Clean Outs, Basements, Garages, Attics (Delaware Junk Removal 302-530-9186) about 9 years ago

Bill,

I believe that those of us who have more than we need should share with those who have less. BUT I believe that it should be a matter of free will, not governmental control.

Posted by Hugh Krone, Realtor, Sussex County NJ (Weichert Referral Associates) about 9 years ago

I buy and sell a few houses nearly every year.  At any given point, I couldn't tell you how many I own without getting out a sheet of paper and writing them down. You are right.  It is all just jealousy.

Posted by Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.) about 9 years ago

I have a very hard time that people who spend almost $60 million on nothing more than pageantry, as well as the additional millions of partying outside of the convention, really care about those who are less fortunate. If the convention isn't enough, Obama has spent over $335 million on the primary, Senator Clinton spend nearly as much. That is well over half a billion dollars. By the time the election takes place in November there will well over $1 billion spent, just on the democrat side. I have a really hard time seeing a lot of concern for the less fortunate there.

Posted by Mike Saunders (Lanier Partners) about 9 years ago

Mike- But they tell eveyone THEY care and WE dont so it must be true huh?

Posted by Delaware Junk Removal Residential And Commercial Hauling Clean Outs, Whole House Clean Outs, Basements, Garages, Attics (Delaware Junk Removal 302-530-9186) about 9 years ago

Yes, the tax and spent liberals always want to preach tax the rich and give to the unfortunate. But nowadays, liberals are the millionaires and billionaires who say they know how it feels to be broke.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) about 9 years ago

Mike, Larry, Rob and Nick,

There is no doubt that our political parties, or should I say the Democrats and the Republicans, spend millions of dollars that could be better directed.  But, unfortunately, that is a result of our democracy, free speach and capitalism.  The more important point is the billiions and trillions of dollars that our current president has squandered in Iraq.  After tonight's vision articulated in Denver, you all should accept that Obama's vision is quite different from and superior to GW's, Cheney's and McLain's and will propel him to the leadership of our nation.  I just hope that you can come around to support him and help mend the divisons in our nation.  Just as JFK was able to rally the nation, Barach has the some potential.  Look at how the youth rally to him.  We are the past; they are the future.

Posted by Bill Schwent, Santa Fe Broker (Casa Tierra Realty) about 9 years ago

Nicholas Goglucci, what on earth are you talking about? The people who you praise, largely voted for, and are responsible, via their political support, for those who did this to us, and for the coming consequences. This is a comparison of "the numbers" between 1997 to 2001, vs 2001 to 2005. "MEW" is "Mortgage Equity Withdrawal", the proceeds of "cash out" refinancing. Sources of data will be quickly posted upon request, but I doubt that there will be much interest....

I'll concede that, for comparison here, we cannot quantify the "stock market wealth" during the tech stock "bubble" that peaked in March, 2000, that was injected into the economy via the conversion of stock "gains" into actual equity that flowed into the GDP spending stimuli, as we more easily can with federal deficit spending and with "MEW". Folks do not take "mortgage equity withdrawals" and "park" the proceeds in savings accounts, for the most part.
Those funds are mostly used to "pay down" credit card and car loan debt, to remodel the home, pay college tuition, or to generally increase living standards, via vacations, purchases of second homes, or restaurant meals.

I have the data that supports that, in the 48 months prior to Sept. 28, 2001, federal deficit spending of $394,317,400,802.72 combined with "MEW" of $797.8 billion, totalled $1.192 trillion, and in the 48 months after Sept. 28, 2001, federal deficit spending of $2,125246,249,523.44 combined with "MEW" of $1823.9 billion, totalled $3.948 trillion.

 The increase in fiscal stimulation that was added to the economy, via increased federal deficit spending, combined with increased "MEW", in the 48 months before Sept. 30, 2005, was $2.756 trillion greater than in the 48 month period before Sept. 28, 2001. The effect of Bush era "tax cut" policy, diluted by a $2.756 trillion spending "injection", in the four year period, should produce a positive effect on federal revenue streams from personal income and corporate taxes, but it seems disingenuous and rather one sided to try to "credit" the same folks who managed our treasury into a huge new deficit amount, for increases in the amount of taxes collected in the same period, or with deficit "reduction" that simply places part of the increasing debt, "off budget".

In the autumn of 2006, the news media reported that there have been 9 "off budget" appropriations approved by our elected federal officials for war expenses and disaster relief. There were also defeated proposals to actually budget for Pentagon war expenses. If that happened, it would be impossible for claims to be made that falsely imply that the rate of new federal borrowing is "dropping"....the actual increase in total debt proves that this is not true.

 

Posted by Ed LeFevre (Curious Sort) about 9 years ago

Ed needs to get his own blog! 

Kevin, I thoroughly agree!  You never heard anyone say anything like that about John Kerry and his Teresa Heinz money.  The liberals are just desperately picking away at any and everything. 

Posted by Pam Pugmire, Meridian Idaho Real Estate (Silvercreek Realty Group) about 9 years ago

Ed just gave me a headache.

I agree with you Kevin.

Posted by Cheri Smith, Realtor Prudential Gary Greene (Prudential Gary Greene, Cypress TX) about 9 years ago

Kevin,

I too,  believe that the economy is fundamentaly strong.  Why do I need to wait at least 45 minutes at just about any restuarant around here on just about any night?  If these people are using credit to eat out, that is not MY problem!  I see a lot of new cars driving around.  People are still buying homes.  I always say people find time and money for what is important to them.  I can go into almost anyone's home and see what is important to them.

I also agree with the problem with all the money spent on both sides to run for office, BUT the libs are the ones complaining about giving money to others.

I give to a lot of different people and organizations including sponsoring a child through Compassion International.  Why don't all the libs put there money where there mouths are??

Posted by John Hersey, e-PRO Realtor (Berkshire Hathaway HomeServices Homesale Realty) about 9 years ago

John I truly belive that they only want to put your money where their mouth is. They believe your money should be confiscated from you and given to who they believe needs it.

Posted by Kevin Robinson, Fractional Developer about 9 years ago

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