Sorry to have to give you a quick dose of reality folks, but for those of you who have not been paying attention for the past year — The Democrats are on track to win this whole “fiscal cliff” debate, and impose their will on the rest of us in January. It’s basically done right now, and what you are seeing on the news is simply high drama. That whole election that just happened? That basically decided that Obama is going to get what he wants, and there is nothing you can do to stop him.
You’ve read it here first folks — Taxes will go up on everybody making over $250,000, even though making $250,000 doesn’t even make you rich in most major cities. Even if you aren’t making that much — you certainly won’t feel wealthy once they begin to confiscate your money, and close “loopholes” on you. The Democrats will then find a way to end home mortgage interest deductions on second homes, and vacation properties. I have a feeling that small landlords will be hurt the worst by this, when the Democrats decide that their multiple mortgages are no longer allowed to qualify for the mortgage interest deduction. Suddenly, the tax benefits of owning real estate will dry up — and as a result you will see this housing market shrivel up into nothing. Welcome to a generation of renters, who own nothing — which is exactly what Obama wants.
If you have worked hard throughout your life to propel yourself to making a nice 6 figure income, and you think you have escaped mediocrity — Think again. You will be pulled back into the middle of the middle class by your ankles, and not allowed to escape. Who do you think you are anyway? This is America, where everybody has got to have a fair shot. Obviously if you’ve been so successful, you must have cheated or achieved your success unfairly. You certainly do not deserve what you have, and remember — you did not build that!
Most Americans don’t feel sorry for someone who makes over $250,000 a year, or who owns a second home. Why should they? You are the cause of all of their problems. It’s money-grubbing capitalists like you that have laid them off from work, made it so hard for them to get a good paying job, and that have tried to prevent them from getting free healthcare and college.
Obama and his cronies probably won’t care about the damage they will do to the real estate market, because let’s face it — Their voters are just barely making it, skating along at the poverty line. What interest does Obama and the left have in making sure that our property values increase over his tenure? If anything, you could argue that he actually wants house prices to drop so that more of his supporters can afford to own homes. Maybe by bringing down all of the evil rich people who have profited on real estate in the last decade, we can finally achieve equality in this nation and shrink the gap between rich and poor.