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Author Topic: Should there be a wealth tax on home ownership?  (Read 3585 times)

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Offline Carl

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Should there be a wealth tax on home ownership?
« on: May 04, 2008, 02:14:45 PM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3242951

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orangerevolution (259 posts)        Sun May-04-08 02:06 PM
Original message
Should there be a wealth tax on home ownership?
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To own and make monthly payments on a house requires a certain amount of good luck, a large income, and wealth.

If you can afford to make a large down payment, you have wealth. If you cannot make the large down payment, you have a large income in order to afford the large monthly note. In both cases you are lucky.

Once the house is paid for, should there be an additional rate that you must pay since you now have the big monthly payment amount available to use for other items. You are really lucky if you do not have to make that large monthly payment!

Should there be a wealth tax on house? At what price range should it begin and what should be the rate? Should it be a sliding scale so the more that is spent on the purchase, the larger the tax becomes?


One would think all good primitives would be happy to pay more taxes but funny how they really don`t like them when it is them paying.

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gateley  (1000+ posts)        Sun May-04-08 02:08 PM
Response to Original message
1. No. You've paid for the damn house and you continue to pay property taxes.
   That's enough, regardless of how wealthy you are.

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Trajan  (1000+ posts)        Sun May-04-08 02:12 PM
Response to Original message
7. Are you for real ?
   Cmon ..... You obviously need to learn MUCH more about this subject ....

More ignorant DU clutter .... It's getting hard to see through this stuff ...

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chimpsrsmarter  (1000+ posts)         Sun May-04-08 02:12 PM
Response to Original message
9. so now you want to impose a punishment for owning a home? A large income?
   property taxes, i already pay them.

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Midlodemocrat  (1000+ posts)         Sun May-04-08 02:29 PM
Response to Reply #26
30. What if said homeowner's didn't have children in that school system?
   Have you thought about that? You're taxing them EXTRA for something from which they'll never benefit.

Dumbest. Idea. Ever.

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lpbk2713  (1000+ posts)        Sun May-04-08 02:14 PM
Response to Original message
13. Many homes may have been handed down from previous generations ...
   


... and the current occupant may be unemployed and/or disabled. It wouldn't be right to impose an extra burden on them just because of who their ancestors were other than the usual property taxes. They may not even have enough resources to prepare a decent meal.

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Midlodemocrat  (1000+ posts)         Sun May-04-08 02:21 PM
Response to Reply #19
23. Seriously. Let's just tax everyone for everything they have or
   have ever accomplished in their lives.

Then we call live in a VAN DOWN BY THE RIVER.





Uhmmm...that is what all you DUmmies wish to do ON SOMEONE ELSE.  :whatever:
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Vinca  (1000+ posts)        Sun May-04-08 02:20 PM
Response to Original message
21. I'm not particularly lucky, don't have a large income and am not wealthy.
   I do own a home. Not a McMansion, mind you, just a regular old house without all the bells and whistles. My mortgage payment is half what rent would cost in the area and I'm already taxed up the wazoo for the privilege. If you can afford double my mortgage payment for rent, maybe you should be paying more taxes.
   

Not being a good socialist there DUmmy. :-)

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Retired AF Dem  (1000+ posts)        Sun May-04-08 02:32 PM
Response to Reply #25
36. He is probably still living at home with mom and dad
   And is to damn lazy to get out and work enough to afford a modest house and is jealous for those of us that do. There is no way he is a home owner and come up with such a stupid idea.
   

 :rotf: :rotf: :rotf:
This is the first time you have noticed this mindset on DU? ::)

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Catchawave  (1000+ posts)         Sun May-04-08 02:34 PM
Response to Original message
38. Property taxes I pay for the value
   ....long after I pay it off, for the rest of my life. Isn't that enough for you?

It seems they all get very conservative regarding taxes when it is suggested they should have to pay them.

Useless hypocrites.
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Offline Chris_

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Re: Should there be a wealth tax on home ownership?
« Reply #1 on: May 04, 2008, 02:22:17 PM »
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To own and make monthly payments on a house requires a certain amount of good luck, a large income, and wealth.
This, more than anything else, is what I despise about the libtards.  You want the definition of "luck?"  It is when preparation meets opportunity.  I worked my ass off to get where I am and the things I won.  Harder than most.

You want to be "wealthy" (like 60 freaking percent of Americans).

You want to own a home?  Piut down the bong and the Cheetos and get off your dead ass, you freaking lazy sack of shit.  And don't you EVEN start telling me you are going to tax me any further than you lazy socialaist bastards already are!

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Offline Miss Mia

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Re: Should there be a wealth tax on home ownership?
« Reply #2 on: May 04, 2008, 02:25:31 PM »
I'd love for this person to come and live my life and tell me I'm wealthy.   :whatever:

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Offline DumbAss Tanker

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Re: Should there be a wealth tax on home ownership?
« Reply #3 on: May 04, 2008, 02:28:29 PM »
What an incredibly brilliant plan to overcome the economic setback of he mortgage crisis!

 :rotf:
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Offline Chris_

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Re: Should there be a wealth tax on home ownership?
« Reply #4 on: May 04, 2008, 02:34:52 PM »
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BlooInBloo  (1000+ posts)       Sun May-04-08 02:08 PM
Response to Original message
2. Not a fan of the hate-the-rich thing that's popular on DU....
 ... Progressively tax, and more or less let it go, people.

Taking money from people just because they have it is the mindset of a thief, not of a progressive.


No shit genius. Although you'll be TS'ed for that counterrevolutionary, far-right comment.  :whatever:
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Offline ScubaGuy

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Re: Should there be a wealth tax on home ownership?
« Reply #5 on: May 04, 2008, 02:35:53 PM »
Standard libtard mindset:

You have something I don't have therefore you need to be taxed.

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Offline MrsSmith

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Re: Should there be a wealth tax on home ownership?
« Reply #6 on: May 04, 2008, 02:36:17 PM »
Quote from: Miss Mia on May 04, 2008, 02:25:31 PM
I'd love for this person to come and live my life and tell me I'm wealthy.   :whatever:



If you ever want to have someone tell you have wealthy you are, just marry a divorced man.  His ex will be happy to explain to the courts just how wealthy you are and how poor she is.  :bawl:
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Offline MrsSmith

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Re: Should there be a wealth tax on home ownership?
« Reply #7 on: May 04, 2008, 02:37:25 PM »
Quote from: ScubaGuy on May 04, 2008, 02:35:53 PM
Standard libtard mindset:

You have something I don't have therefore you need to be taxed.



And never, ever..."I have something, I should pay higher taxes."    :-)
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Offline MPCOA

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Re: Should there be a wealth tax on home ownership?
« Reply #8 on: May 04, 2008, 02:43:10 PM »
I know a way to not have to make a down payment, but the DUers lack the backbone to do it.
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Offline DumbAss Tanker

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Re: Should there be a wealth tax on home ownership?
« Reply #9 on: May 04, 2008, 02:47:58 PM »
Quote from: MPCOA on May 04, 2008, 02:43:10 PM
I know a way to not have to make a down payment, but the DUers lack the backbone to do it.

It turns out you can't buy a farm with that, unfortunately, I had to cash in the liquid assets to muster the 20% downpayment for mine, so I never have used that particular bennie.
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Offline MPCOA

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Re: Should there be a wealth tax on home ownership?
« Reply #10 on: May 04, 2008, 02:56:23 PM »
Quote from: DumbAss Tanker on May 04, 2008, 02:47:58 PM
Quote from: MPCOA on May 04, 2008, 02:43:10 PM
I know a way to not have to make a down payment, but the DUers lack the backbone to do it.

It turns out you can't buy a farm with that, unfortunately, I had to cash in the liquid assets to muster the 20% downpayment for mine, so I never have used that particular bennie.
You could build a new house on the farm I believe.

Great benefit, allowed me to get a decent house when rentals didn't offer anything worth a damn in my range. Unfortunately the location is not agreeable to the wife. Luckily I can pound a hammer so we will make out alright on the resale.
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Offline DumbAss Tanker

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Re: Should there be a wealth tax on home ownership?
« Reply #11 on: May 04, 2008, 03:10:23 PM »
Quote from: MPCOA on May 04, 2008, 02:56:23 PM
Quote from: DumbAss Tanker on May 04, 2008, 02:47:58 PM
Quote from: MPCOA on May 04, 2008, 02:43:10 PM
I know a way to not have to make a down payment, but the DUers lack the backbone to do it.

It turns out you can't buy a farm with that, unfortunately, I had to cash in the liquid assets to muster the 20% downpayment for mine, so I never have used that particular bennie.
You could build a new house on the farm I believe.

Great benefit, allowed me to get a decent house when rentals didn't offer anything worth a damn in my range. Unfortunately the location is not agreeable to the wife. Luckily I can pound a hammer so we will make out alright on the resale.

Well, basically even though the DVA does guarantee the loan, the lenders will only lend if the mortgage can be resold on the secondary mortgage market which is their primary concern in any lending these days as opposed to actually keeping the note themselves.  To me it seems like the tail wagging the dog but that is apparently how the mortgage market works.
It wasn't a stopper though, I had the 20% and could afford a 20 year note on the rest.  I've been paying off principal quite agressively and expect to be done in well under 15.
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Offline Chris_

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Re: Should there be a wealth tax on home ownership?
« Reply #12 on: May 04, 2008, 04:17:56 PM »
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GoneOffShore  (1000+ posts)      Sun May-04-08 04:22 PM
Response to Reply #63
96. Ah, Midlo, you forget who you're dealing with here....
 The "property is theft" crowd.

No one should own "anything" - it should all be part of the commons. 

The whole site is the "property is theft" crowd, dumbass.
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Offline ScubaGuy

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Re: Should there be a wealth tax on home ownership?
« Reply #13 on: May 04, 2008, 05:10:06 PM »
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maddezmom  DU Moderator Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun May-04-08 05:37 PM
Response to Original message
137. locking   Updated at 12:11 PM
   
OP is no longer with us.

Bada dum dum dum Another one bites the dust.

Did I mention that I wrote that song when I was touring with Queen?
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Offline Rebel

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Re: Should there be a wealth tax on home ownership?
« Reply #14 on: May 04, 2008, 05:11:29 PM »
Damn, what did he/she say that warranted tombstoning? I read the same shit on that site on a daily basis.
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There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site

Offline Carl

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Re: Should there be a wealth tax on home ownership?
« Reply #15 on: May 04, 2008, 05:27:28 PM »
Quote from: Rebel on May 04, 2008, 05:11:29 PM
Damn, what did he/she say that warranted tombstoning? I read the same shit on that site on a daily basis.

Low post count and challenged the primitives to put up or shut up regarding taxes and socialistic ideals.
Proved they only like them (taxes) when someone else is paying the price.

Guessing that maybe the hypocrisy shown here was brought to the mods attention over there so they shut it down.
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Offline TheSarge

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Re: Should there be a wealth tax on home ownership?
« Reply #16 on: May 04, 2008, 05:28:51 PM »
Quote from: ScubaGuy on May 04, 2008, 05:10:06 PM
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maddezmom  DU Moderator Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun May-04-08 05:37 PM
Response to Original message
137. locking   Updated at 12:11 PM
   
OP is no longer with us.

Bada dum dum dum Another one bites the dust.

Did I mention that I wrote that song when I was touring with Queen?


Nice to see the Mods and most of the DUmmies are in completele denial about what their elected idols want to do to them.

Orange showed them the future under a democrat President...and the DUmp was frightened.
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Offline Carl

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Re: Should there be a wealth tax on home ownership?
« Reply #17 on: May 04, 2008, 05:53:16 PM »
Quote from: TheSarge on May 04, 2008, 05:28:51 PM
Quote from: ScubaGuy on May 04, 2008, 05:10:06 PM
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maddezmom  DU Moderator Donating Member  (1000+ posts) Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sun May-04-08 05:37 PM
Response to Original message
137. locking   Updated at 12:11 PM
   
OP is no longer with us.

Bada dum dum dum Another one bites the dust.

Did I mention that I wrote that song when I was touring with Queen?


Nice to see the Mods and most of the DUmmies are in completele denial about what their elected idols want to do to them.

Orange showed them the future under a democrat President...and the DUmp was frightened.

From another thread...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3243493

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missb  (1000+ posts)         Sun May-04-08 05:58 PM
Response to Original message
25. The idiot today was banned.
   It was pretty obvious they were here to stir up trouble.

Yeah,for showing the reality of DUmmies economics. :rotf:
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Offline Chris_

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Re: Should there be a wealth tax on home ownership?
« Reply #18 on: May 04, 2008, 06:25:23 PM »
$kinner is banning the commies now cause they're making him look bad.
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Offline Rebel

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Re: Should there be a wealth tax on home ownership?
« Reply #19 on: May 04, 2008, 06:25:59 PM »
Quote from: blitzkrieg_17 on May 04, 2008, 06:25:23 PM
$kinner is banning the commies now cause they're making him look bad.

He's quite a few years late.
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There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site

Offline Chris_

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Re: Should there be a wealth tax on home ownership?
« Reply #20 on: May 04, 2008, 06:31:46 PM »
He didn't care before, but now that he's facing financial hits he does. He's still the head DUmbass though and that's all he'll ever be.
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Offline Dixie*Darling

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Re: Should there be a wealth tax on home ownership?
« Reply #21 on: May 04, 2008, 07:45:24 PM »
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orangerevolution (259 posts)        Sun May-04-08 02:06 PM
Original message
Should there be a wealth tax on home ownership?
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To own and make monthly payments on a house requires a certain amount of good luck, a large income, and wealth.

...

The wine is kicking in and I really don't care to read past the quote.  I'm sure it would be a waste of time ...

In response, f*cktard ... I'll give you LUCK, since I did buy a government repo 11 years ago (not months ago, since idiots over estimated/spent their monthy budget!)  Yeah, I'm lucky that:

1) I found this place
2) bought it cheap and doubled it's value

On the "large income" and "wealth":

1) I'm by no means someone who has either, I'm Ms. Average American, not even considered middle class
2) I'm half lit and don't really care what you think


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Offline Rebel

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Re: Should there be a wealth tax on home ownership?
« Reply #22 on: May 04, 2008, 07:49:38 PM »
There probably isn't one of those DUmbasses that would have done the work my wife and I did to our previous townhome, that allowed us to sell it at a big profit, and buy the lot our home is on with cash with a little left to put down on the home itself.
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There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site

Offline Dixie*Darling

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Re: Should there be a wealth tax on home ownership?
« Reply #23 on: May 04, 2008, 07:52:14 PM »
Quote from: MPCOA on May 04, 2008, 02:43:10 PM
I know a way to not have to make a down payment, but the DUers lack the backbone to do it.

Single mom
working 2 jobs
college bound son
$850.00 down
unsubsidized loan on a VERY neglected fixer-upper

How bad do you want it?  Try that you socialist pigs!   :bird:
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Offline Rebel

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Re: Should there be a wealth tax on home ownership?
« Reply #24 on: May 04, 2008, 07:54:10 PM »
Quote from: Dixie*Darling on May 04, 2008, 07:52:14 PM

Single mom
working 2 jobs
college bound son
$850.00 down
unsubsidized loan on a VERY neglected fixer-upper

How bad do you want it?  Try that you socialist pigs!   :bird:

If it's in a good area, that's the thing to do. We bought our townhome for about 82K, fixed it up, and sold it about 4 years later for 135.
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There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site
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