MJ DeMarco
I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
DISCLAIMER: This is a personal venting and much of what I say here isn't targeted toward the folks here .. unfortunately, most of "us" (those seeking to improve and educate ourself through hard work) are now in the minority.
What the hell happened to taking responsibility?
What the hell happened to "personal responsibility" in this country? I mean, REAL RESPONSIBILITY -- taking responsibility for YOUR ACTIONS. This country continues to regress ... a regression of lazy, take no-responsibility and put the blame on some other party, as long as it isn't the party in the mirror.
http://money.aol.com/news/articles/_a/activists-bare-teeth-over-foreclosures/n20080301124209990005
This article, "Activists Bare Teeth Over Foreclosures" reeks of typical "Its not my fault" and "I can't pay my loan" mentality. Since YOU can't pay YOUR loan and YOU MADE THE CHOICE of refinancing or buying a house YOU couldn't afford, its time for YOU to blame someone else. Right? Is that how it works?
How about blaming the high-paid CEO's of the mortgage firms? Yes, they are good to blame ... afterall, we all know, a gun was put to YOUR head as YOU were forced under social duress to take out that 110% LTV ARM.
Last month I wrote a quarterly tax check to the US Treasury in excess of $200K...quarterly taxes so I have 3 more coming. So I pay close to $1m in taxes this year and guess what my tax rebate is? ZERO. Being a productive member of society (I provide jobs and value) is severely penalized by taking 40% of my income. My hard earned money, sweat and tears is redistributed to the most unproductive people in society -- those who haven't even filed taxes for years, people who are likely to spend 110% of their rebate on consumer electronics and retail dining.
Does anyone think this economic structure can continue to work for long before it turns socialistic?
Would anyone take a job in which the less productive worker (the lazy guy that arrives late and leaves early) gets a % of your hard work? No one would accept that in a job environment, but its perfectly acceptable when its apart of government policy.
Poor choices are rewarded in this country. Good choices and hard work? They are penalized. Personally, its not a question about recession, but depression and it has nothing to do with sub-prime -- it has to do with the deterioration of the average American's ability to accept responsibility, their belief of entitlement, and their unwillingness to delay gratification.
Delayed gratification? Huh? Whats that? Should we move on to that topic? Of course not, which is why Visa and MC are one of the few companies out there growing -- because Americans CANNOT and WILL NOT delay gratification. This is why the VISA IPO is HUGE and why I will be investing in it. Its an low-risk opportunity that exploits the weak, American mindset of "spend now and blame someone else later".
Yes, I am short America: Its dollar, its politicians (both in and out of office) and the out-of-control mentality of its growing "majority".
So, are there any libertarian countries in the Carribean? Because really, I'm about to relinquish my citizenship and go live on an Island with my token Pineapple drink with an umbrella on top.....
What the hell happened to taking responsibility?
What the hell happened to "personal responsibility" in this country? I mean, REAL RESPONSIBILITY -- taking responsibility for YOUR ACTIONS. This country continues to regress ... a regression of lazy, take no-responsibility and put the blame on some other party, as long as it isn't the party in the mirror.
http://money.aol.com/news/articles/_a/activists-bare-teeth-over-foreclosures/n20080301124209990005
This article, "Activists Bare Teeth Over Foreclosures" reeks of typical "Its not my fault" and "I can't pay my loan" mentality. Since YOU can't pay YOUR loan and YOU MADE THE CHOICE of refinancing or buying a house YOU couldn't afford, its time for YOU to blame someone else. Right? Is that how it works?
How about blaming the high-paid CEO's of the mortgage firms? Yes, they are good to blame ... afterall, we all know, a gun was put to YOUR head as YOU were forced under social duress to take out that 110% LTV ARM.
Last month I wrote a quarterly tax check to the US Treasury in excess of $200K...quarterly taxes so I have 3 more coming. So I pay close to $1m in taxes this year and guess what my tax rebate is? ZERO. Being a productive member of society (I provide jobs and value) is severely penalized by taking 40% of my income. My hard earned money, sweat and tears is redistributed to the most unproductive people in society -- those who haven't even filed taxes for years, people who are likely to spend 110% of their rebate on consumer electronics and retail dining.
Does anyone think this economic structure can continue to work for long before it turns socialistic?
Would anyone take a job in which the less productive worker (the lazy guy that arrives late and leaves early) gets a % of your hard work? No one would accept that in a job environment, but its perfectly acceptable when its apart of government policy.
Poor choices are rewarded in this country. Good choices and hard work? They are penalized. Personally, its not a question about recession, but depression and it has nothing to do with sub-prime -- it has to do with the deterioration of the average American's ability to accept responsibility, their belief of entitlement, and their unwillingness to delay gratification.
Delayed gratification? Huh? Whats that? Should we move on to that topic? Of course not, which is why Visa and MC are one of the few companies out there growing -- because Americans CANNOT and WILL NOT delay gratification. This is why the VISA IPO is HUGE and why I will be investing in it. Its an low-risk opportunity that exploits the weak, American mindset of "spend now and blame someone else later".
Yes, I am short America: Its dollar, its politicians (both in and out of office) and the out-of-control mentality of its growing "majority".
So, are there any libertarian countries in the Carribean? Because really, I'm about to relinquish my citizenship and go live on an Island with my token Pineapple drink with an umbrella on top.....
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
O nez xepv vu kuop zua.:djiist:
