When a Social Democracy is forced against plain and simple Democracy, the future cost for generations to come is normally ignored, bringing the consequences that we are living now.
It’s sad that when we look back at President Clinton’s Community Reinvestment Act in which the Federal Housing Administration (FHA) increased the home ownership opportunities for those borrowers that were at the time un-served or under-served by the private mortgage markets (and with good reason to do it), failed in a way that may have bankrupt our country and the future of many generations to come.
The perfect storm that has occurred may be directly related to the irresponsible homeownership legislation that wanted to make renters without the ability to purchase and maintain a home , owners in the land of opportunity, were all dreams comes true.
Not everyone can afford a home, many people that did purchased a home with very little down payment and very low income, are the main reason of the real estate boom and its demised, and most of those foreclosed homeowners are back were they started, renting a home. We must brake free from our homeownership cult, homeownership is not always the right choice.
Yes, the fall began with President Bush and is in a freefall with President Obama. It has been over the years that the most costly entitlements have been under Democrats and what is happening now is President Obama and the democratic congress responsibility. We have no means to afford a Healthcare Bill that will increase taxes in already battered American taxpayers. The squeeze the rich to increase entitlements has brought this nation to its knees and with no political answer to Social Security and Medicare. The continued printing of U.S. Dollars will only bring inflation and no solutions.
The short-term thinking of our “I want to get elected and/or continue in congress” at any cost have our society thinking, what will be of us, the millions of American that are not late in their mortgages, are not late with their credit card payments, that pay their taxes, that believe in God, that pray every day, that send their children to private school because the public system has failed, that do not depend in government.
What will be of us, when current politicians keep the “real American dream” under chains and destroy our future, piece by piece, legislation by legislation.
Yes, we have a voice. Yes, we have the power that democracy gives us. Yes, we need to protect our country. Yes, we need to protect our children. Yes, we need to protect our present and our future. Yes, we must vote against the politicians that are playing the politics game. We need leaders that will bring us back to the country that our forefathers dreamed for them and for us.
José F. Padró, CPA.
padrocpa@padrocpa.com
www.padrocpa.com
PADRO and Company, P.A.
The information at this Site has been provided by José F. Padró , CPA. for general information purposes. It does not constitute legal, accounting, tax or other professional advice or services and is presented without any representation or warranty as to the accuracy or completeness of the information.
Monday, November 23, 2009
Friday, November 13, 2009
My point of view on taxing the wealthiest Americans
So, I hear the wealthiest Americans are the culprit of all society problems in our U.S.A.
The reality is another ”the top 1% pay more income tax than the bottom 90%”.
Are we going to kill the chicken with the golden egg ?, apparently so.
These rich people, which only crime is to have educated themselves in order to be successful in our society are now the scapegoats and the only solution to cover all of our country problems.
Rich people together with the medium class and the poor must all be part of the solution. A gimmie mentality is not the spark that starts the engine. We need a spark that will take us to the other level, a SPARK that together with HOPE will take us there.
Wealthy people are solution and not the problem to restart our economy. If our government decide to tax them our recovery will be delayed and believe me RICH PEOPLE understand there is a social responsibility and they are willing to participate as always in the reconstruction of our Economy.
Short minded politicians the are now running our country, with some exceptions of course, have to find a solution that starts with stopping fraud, limiting government expenditures and we must vote into government people with the knowledge to solve our problems. We need representatives with a “Curriculum Vitae” that give us assurance that they have the education and knowledge to honor their constituency. A popular politician with little or no education should not be voted in to office. Grassroots politicians should help their state or local community by helping their respective base, but should not serve in the extremely complex Congress because they are not prepared for the challenge.
Our government was created by the people and for the people to serve all the people and taxing the wealthiest Americans might their easiest solution but not the most prudent one.
Please don’t kill the chicken with the golden egg.
We need to vote in politicians that represent us.
Our forefathers, that created our always evolving Constitution, were the best and brightest minds of our country at the time, joined to create one of the most alive and exiting document in the history of our Nation.
In Conclusion we must send the best and the brightest to represent all of us in Washington,D.C.
José F. Padró, CPA.
padrocpa@padrocpa.com
www.padrocpa.com
PADRO and Company, P.A.
The information at this Site has been provided by José F. Padró , CPA. for general information purposes. It does not constitute legal, accounting, tax or other professional advice or services and is presented without any representation or warranty as to the accuracy or completeness of the information.
The reality is another ”the top 1% pay more income tax than the bottom 90%”.
Are we going to kill the chicken with the golden egg ?, apparently so.
These rich people, which only crime is to have educated themselves in order to be successful in our society are now the scapegoats and the only solution to cover all of our country problems.
Rich people together with the medium class and the poor must all be part of the solution. A gimmie mentality is not the spark that starts the engine. We need a spark that will take us to the other level, a SPARK that together with HOPE will take us there.
Wealthy people are solution and not the problem to restart our economy. If our government decide to tax them our recovery will be delayed and believe me RICH PEOPLE understand there is a social responsibility and they are willing to participate as always in the reconstruction of our Economy.
Short minded politicians the are now running our country, with some exceptions of course, have to find a solution that starts with stopping fraud, limiting government expenditures and we must vote into government people with the knowledge to solve our problems. We need representatives with a “Curriculum Vitae” that give us assurance that they have the education and knowledge to honor their constituency. A popular politician with little or no education should not be voted in to office. Grassroots politicians should help their state or local community by helping their respective base, but should not serve in the extremely complex Congress because they are not prepared for the challenge.
Our government was created by the people and for the people to serve all the people and taxing the wealthiest Americans might their easiest solution but not the most prudent one.
Please don’t kill the chicken with the golden egg.
We need to vote in politicians that represent us.
Our forefathers, that created our always evolving Constitution, were the best and brightest minds of our country at the time, joined to create one of the most alive and exiting document in the history of our Nation.
In Conclusion we must send the best and the brightest to represent all of us in Washington,D.C.
José F. Padró, CPA.
padrocpa@padrocpa.com
www.padrocpa.com
PADRO and Company, P.A.
The information at this Site has been provided by José F. Padró , CPA. for general information purposes. It does not constitute legal, accounting, tax or other professional advice or services and is presented without any representation or warranty as to the accuracy or completeness of the information.
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