Do you believe in fairness?

By
Real Estate Agent with Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com -

Today all we hear in the news is the big profits oil companies are making.  They should not have the same tax breaks other business have because they made too much money.  Excuse me?  How much is too much?  I heard some one on the radio call in saying that no one should make more then 2 million dollars a year.  Does he not realize he is in the United States of America?

Let's take this another step forward.  Suppose you made a lot of money selling, marketing Real Estate.  Should we change the rules for you? Maybe take away your deductions? How will that effect your next years business?   Do we need different tax rules for different folks?

Should we take away your tax breaks because the government spent too much money and now it needs more taxes? How about cutting spending? I've been hearing for over 50 years that a small tax increase would take care of the problem.  If that were so, then why has it not stopped?

The tax code for business deduction and investments should remain equal for everyone.

Don't punish the achievers.  Why can't we be glad people are being successful?

Thought provoking comments welcome.

Comments (5)

Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

Good morning, Kenneth.

I agree wholeheartedly with you.  I believe in dreams and goals and achievement.  All of those things would suffer if we followed the advice that you heard on the radio.

It most definitely would stifle growth.

May 14, 2011 03:25 AM
Steve Stenros
Poway,La Jolla,Del Mar,Mira Mesa,Carlsbad,Escondido,Temecula - San Diego, CA
CREIA MCI, ICC, ACI Home Inspector,San Diego

This idea of taking from the producers and giving to the sluggards is ridiculous!  Good post, Ken!

May 14, 2011 03:40 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Kenneth, We are free to be as successful as we wish and should not be penalized for it. What would it be like to 'make too much money'?! Wow!

May 14, 2011 03:51 AM
Kenneth Cole
Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com... - Staten Island, NY
NYS Licensed Real Estate Salesperson

Folks, I'm not a wordsmith, I'm glad I made my point evident and that you commented.

Chris, Steve and Wanda, thank you.

How about some opposing views?  I can take it, I'm a big boy.

May 14, 2011 04:09 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Kenneth - You said one thing that speaks volumes - "Don't punish the achievers." That is a big problem in our current environment.  What happened to enjoying the fruits of your labor?

May 17, 2011 12:50 AM

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