Presidential Election Time: Policies To Win America’s Vote

Occupy The Government!The presidential election is just days away! This is when candidates start hamming it up and telling us all the great things they will do for us to gain or retain power. My favorite policies are ones that redistribute money from those who’ve earned it to those who haven’t. That rocks!

Given politicians love power, I hereby declare my wish list of things if they promise to do, will buy my vote. Everybody needs to think about what type of goodies you want from the government as well. For those of you who have the privilege of paying federal income taxes, do not let your tax dollars go to waste! You will be thrown in jail if you do not pay your federal income taxes, so it’s important to demand concessions.

Obama and Mitt, if you’re still reading my site (I see those White House IP addresses hit on occasion), think long and hard about my list of demands. Mitt, you should be especially vigilant because my crystal ball says you are on track to lose big time. Obama is doing a much, much better job convincing the middle class he will provide us more benefits. You don’t want to waste all that time and donor’s money again now would you?


Twelve Non-Recourse States Lets You Walk Away From Your Mortgage

Paper Money PlaneRefinancing now is generally a wonderful idea as jumbo loans are back to all time lows in 2015. That said, what happens if you are so underwater on your mortgage that you feel it doesn’t make sense to continue paying anymore because you don’t think value will ever recover? Banks have become so annoyingly stubborn regarding allowing underwater homeowners to refinance, that you might have a better way.

Have you ever wondered why there have been so many foreclosures in states such as California, Arizon, and Nevada? I’ll tell you. If you live in one of the 12 “non-recourse” states of Alaska, Arizona, California, Connecticut, Idaho, Minnesota, North Carolina, North Dakota, Oregon, Texas, Utah, and Washington you are potentially in luck! If you so happen to own property in one of these states, and have substantial assets elsewhere, you can legally hand over the keys to the bank and exonerate yourself from the mortgage with no penalty against your other assets!


How To Trick An Employer Into Hiring You

Sam, I absolutely hate my company and hate my job.  I can’t wait for some sucker to give me a big package so I can blow this joint and retire early.” January 17, 2011.

These are the words of an acquaintance who hit the jackpot when an upstart company in his industry decided to give him a two-year guarantee for 50% more a year.  In the employer’s mind, they think they are getting an experienced person with a great attitude and a long term commitment of building their business for 5+ years.  In my acquaintance’s mind, he’s jumping ship because he sees the dollar signs and plans to retire as soon as his two-year contract is over.


Osama Bin Laden Is Dead: Good Or Bad?

Now that Osama Bin Laden is dead, I hope the tens of thousands of Muslims who died at his hands and the families of the 3,000 people lost in the Twin Towers find closure.  After 10 long years of searching, we finally got the bastard who was hiding just 90 miles away from Islamabad, Pakistan.

It is now a certainty that President Obama will be re-elected to his second term in 2012 after taking credit for the killing.  We will have more big government spending and higher taxes.  That’s not so bad given the economy continues to recover and people are finding jobs again.

The main question you should think about is whether the killing of Osama Bin Laden by US special forces is a good thing, or a bad thing in the long run?  Osama Bin Laden has been the leader of the Al-Qaeda Terrorist Network for over two decades, but how much power has he had over the past 10 years given his need for secrecy.  Undoubtedly hundreds of new Osamas are looking to take a higher leadership role and avenge is death.  Expect retaliation.

Unfortunately, the killing of Osama Bin Laden brings about a new wave of terror.  We’ve closed one chapter, but many more chapters of terror are about to be written.  Let’s be vigilant and aware.  Here’s to peace, one less evil on Earth, and a thank you to our armed forces.

Readers, what are your thoughts on the killing of Osama Bin Laden?  Do you feel safer as an American traveling the world now?  Will there be retaliation and a never ending cycle of hatred and suffering?  How do we know if Obama is really dead?




Why I Won’t Pay Off My Mortgage Until I Retire

Amazing property

Party at my house!

Having a mortgage is a wonderful thing.  In fact, I owe much of my work longevity to my mortgage. When I was 24, I came across a lot of cash due to a couple good stock picks.  I was just lucky, because goodness knows I can’t pick stocks for doodoo.  I never really told anybody how much I had, but it was enough to put 25% down on a median priced home in San Francisco and still have several years of mortgage payments left over.

By my mid 20s I began questioning the meaning of work. Perhaps I was simply suffering the lesser known “quarter life crisis.”  Because I had arrived at what I considered to be too much money too quickly, working to make more money lost its appeal.  It didn’t matter if I added another thousand or ten thousand to my savings, making money was so uninspiring.  I was demotivated because of a couple chance trades that required very little skill, just a lot of balls.  The great irony is that I don’t need much of anything to live a comfortable life.  Give me some clean clothes and a place overlooking the beach with a hot tub off the bedroom balcony and everything will be OK!


The Importance Of A Permanent Tax Policy

In a previous post entitled, “The Government Encourages Small Business Owners To Fire Employees” I discussed how my friend Zach let go of one of his employees to make room to pay for potentially $30,000-$40,000 more in taxes in 2011 and beyond.  As you all know, the government won’t be squeezing small business owners anymore thanks to the tax compromise signed by the President on Friday Dec 17, 2010.

The tax compromise adds some $850-$900 billion to the Federal deficit over 10 years, which is a big problem if the economy and therefore revenue collection doesn’t pick up during this time.  Our children will pay for our excesses and that just doesn’t seem fair.  But what about Zach’s state of mind and his fired employee who is paying the price now?

I grabbed a quick beer with Zach last night and asked him how pumped he was that he no longer has to budget for increased tax expenses going forward?  “A little bit, but not so much“, Zach replied.  What a downer, I thought to myself as I believe a tax compromise is good for all Americans.


People Make A Lot More Money Than You Think

Hard work pays off. People make a lot more than you thinkI want you guys to visualize a world where there is no media schadenfreude.  Imagine never reading stories debasing others out of delight in order to make the writer and you feel better about yourself.  My how nice the world would be!

The reason why there are so many negative articles out there is simply because there are a lot more people making a lot more money and doing much greater things than one realizes.  If you can’t make it on your own, it’s easier to just try and bring others down.  Don’t do that!

You know from a previous article that $60,000 to $75,000 is such a silly low range for what researchers and the media think is the ideal income level where happiness rises no more.  It’s so silly because that is clearly not the case if you ask anybody who has ever made more.  Is it a coincidence that researchers and reporters make on average not much more than $75,000?  Of course not and therefore it helps makes them feel better about their wages.  It’s perfectly rational.


Nature vs. Nurture: How Important Are Parents To Our Success?

Yale law professor and mother of two Amy Chua penned an incredibly fascinating article entitled, “Why Chinese Mothers Are Superior” on the WSJ.  Professor Chua is a first generation American who went to Harvard undergrad and then to Harvard Law School.  As a tenured professor teaching at the most prestigious law school in the world, I feel for her kids first and foremost!  Think about all the expectations that are put on them since her husband, Jeb, is also a tenured law professor at Yale.

Let’s say you had parents who walked 10 miles to school every day.  Do you think there’s a snowball’s chance in hell that you will have a car in high school?  You might, but you’d feel guilty every time you get behind the wheel and your parents will likely remind you as well.  In the end, you’d probably compromise and either bike to work, have your parents drop you off, or walk yourself.

Here’s a non-offensive excerpt from her article where she justifies calling kids names such as “lazy”, “fatty”, “worthless”, “stupid”, and “disgraces” when they aren’t performing up to par:

“As a parent, one of the worst things you can do for your child’s self-esteem is to let them give up. On the flip side, there’s nothing better for building confidence than learning you can do something you thought you couldn’t.”  Amy Chua

I agree with her quote, but I definitely don’t agree with calling one’s kids names to shame them into conforming.  The main issue I have with Amy’s view is that she pits Asian mothers against “Western Mothers” who are by default deemed inferior.  I would be incredibly insulted if I was a Western Mother because who is Amy to impose her dictator-like ways on me.  Amy talks in stereotypes all article long about how Asian children always seem to be gifted in math & sciences and music.  Amy argues that it is in fact no coincidence since Asian mothers are such master motivators and disciplinarians.


Unemployment Checks Are The Best Form Of Economic Stimulus

I’m so excited, I can’t stand it!  So excellent to hear the White House agreeing with Congressional Republicans to extend tax cuts for 2 years through 2012!  As a concession, the Republicans agree to extend unemployment insurance for another 13 months.  That’s not quite the  “Shock & Awe Yeah” proposal I have of 260 weeks of unemployment benefits, but 155 weeks is still pretty damn good!

Deploying an enormous unemployment insurance safety net could very well jump start the economy or bring us back to socialism.  I take the former stance, as a bullet-proof safety net causes employees to work harder, take more risks, and be more creative since they no longer have to fear losing their jobs.

Getting 13 months of extra unemployment benefits after getting 99 weeks sounds like a lot.  That said, if you were unemployed, hell yeah you’d want to the extra 13 months!  Now that compromise is here between our nefarious, I mean selfless leaders in Washington, the next step is dealing with all this QE2, QE3, QE4 nonsense!  There are much better ways to spend $600 billion than buying back US treasuries to stimulate the economy.


Are Democrats Against A Middle Class Tax Cut Extension?

Senate Republicans blocked the middle class tax cut extension passed by the House earlier in the week.  There’s a lot of finger pointing by the Democrats who say that the Republicans are holding the middle class hostage.  Is that really the case though?  If the Democrats know their bill will get shot down by Republicans due to perceived inequality of only providing tax cut extensions for certain income classes, then in reality, it is the Democrats who are holding the middle class hostage for trying to keep pushing a bill which won’t get passed!  New legislation starts with the House and moves upwards until it finally hits the President’s desk to vote.