Tag Archive | "freedom"
Posted on 26 March 2012. Tags: freedom, government, libertarian philosophy, liberty, philosophy of government, Politics, what is government
“OK, so government isn’t a monster; and it isn’t a building, and it’s not politicians…it’s something else.”
Government is merely a group of people who think they’re special enough to order around other adults, take their money, and commit organized violence.
You cannot delegate powers to a group of other people to do things that you do not have the power to do, like rob your neighbor, or go to another country and commit mass murder.
The tragedy of our time is that so many crimes are committed in the name of “government.” People are misled to believe that an elected subset of a population is justified to operate outside the moral boundaries set for each individual.
Posted in Blog, Politics
Posted on 12 June 2010. Tags: barack obama, blog political, blog real estate, california real estate, class warfare, credit cycle, Economics, Fannie Mae, financial system, fiscal policy, FNM, freedom, home prices, homes manhattan beach, housing policies, housing policy, housing prices, HUD, income manhattan beach, inflation, liberty, manhattan beach, manhattan beach homes, manhattan beach income, manhattan beach property, monetary policy, money, mortgage, mortgage deduction, obama, political blog, political economy, Politics, politics blog, politics real estate, prices housing, Real Estate, real estate blog, real estate economics, real estate prices, real estate tax, Rob Viglione, socal real estate, socalrea, socialism, southern california, tax, tax real estate, taxation
The White House is urging Congress to limit, or cut, the once untouchable tax break for mortgage interest. In traditional class warfare parlance, the White House cap on mortgage interest deductions will fall only upon the wealthy. Let’s not drink the Obama Kool-Aid – the effects of this legislative move will impact everyone.
The Obama administration is proposing reducing deductions for homeowners who earn more than $250,000 pear year. Since I’m a southern California Realtor®, I’ll bring up an example from my local market – the South Bay; in particular, Manhattan Beach, CA.

Chart from LA Times Local Neighborhoods.
Manhattan Beach is a wealthy southern California city, nestled along a prime beach-front location. With 38% of Manhattan Beach residents earning over $125,000 per year, we expect this legislative change will materially impact our local market.
When many home buyers calculate the amount of home they can afford, mortgage interest deductions on income factor heavily into capital service capacity, i.e. how much mortgage they can comfortably afford to pay every month. If a high income earner is in the 34% income tax bracket and has a $5,000 per month mortgage, of which, say, roughly $4,000 is comprised of interest payments, the net annual benefit of the tax break is $16,320, or $1,360 per month.
with a simple 5% mortgage rate, the effect of removing the tax break amounts to reducing home values by $326,400, or 34%, the marginal tax rate. These are very simple assumptions; the reality of this legislative change will likely not be as severe. Higher end properties will likely be impacted the most, with falling price levels manifesting in some way throughout the entire housing market.
President Bush attempted to eliminate the mortgage tax break in 2005, but was stopped by Congress. The Obama administration tried this same legislative change with last years budget, but met similar obstacles. Given that the real estate market is in such turmoil, and that so many people gain advantage from perpetuating this tax break, it is unlikely the White House proposal will be accepted by Congress.
What Does The Mortgage Tax Break Mean For The Economy?
There is no free lunch in economics weve all heard that term, right? The same is true for tax breaks, or any legislative market manipulation. Enabling borrowers to write off interest payments from their income tax liability increases incentives to borrow money to buy real estate. This ultimately skews capital structures in that less equity investment is made with purchases relative to debt assumption. Increasing debt levels simultaneously increases prices and risk. In essence, the mortgage tax break causes housing to be over-capitalized, siphoning disproportionate capital resources from other parts of the economy.
Eliminating the tax break makes good economic sense; however, the result will inevitably be a deflation in housing prices. The magnitude of the deflation is uncertain. Given that real estate markets are already on shaky grounds, reducing, or eliminating, policies that support home prices can potentially lead to a market route.
All things considered, it is too bad President Bush was not able to repeal this tax break in 2005. That was probably the best time to moderate an over-heated market, and realign national capital resources in a relatively stable environment. We may have missed that opportunity for some time.
Posted in Investing, Politics, Real Estate
Posted on 18 October 2009. Tags: AIG, American International Group, APR, bailouts, Bank of America, barack obama, BHO, Big Brother, BofA, Canada, Cancer Society, capitalism, Constitution, corporate bailouts, corporate welfare, Credit, credit cards, credit expansion cycle, debate, debt, direct talks, doctor, Economics, europe, Executive Order, Facebook, FDA, free enterprise, freedom, Health Care, history, insurance, Iran, liberty, mainstream media, MSM, Nobel Peace Prize, obama, Obamanator, physician, Politics, POTUS, President Obama, Randy Herrera, Romans, serfdom, serfs, servitude, slavery, socialism, Spain, tax bracket, taxes, taxpayer, torture, wall street
For everyone that has a Facebook account, the status updates can be a powerful tool to get your opinions across to your friends-sometimes I just can’t believe what some people say! A closet socialist friend of mine posted a congratulatory post about Obama’s Nobel Peace Prize… Continue Reading
Posted in Politics
Posted on 20 September 2009. Tags: 5 Steps To Freedom, Alan Greenspan, Big Brother, capital gains, capitalism, cash flow, Constitution, consumption, corporate taxes, create your own currency, cumulative taxation, currency, currency debasement, cut dependence on institutions, dollar, economic freedom, economic growth, Economics, effective tax burden, federal reserve, FI, financial freedom, financial institutions, financial intelligence, financial slavery, free enterprise, freedom, government, growth, income, income taxes, individual freedom, Individual Retirement Account, inflation, Investing, Jeff Nabers, liberty, middle class, nation of serfs, perpetual inflation, Phoebe Chongchua, Politics, property rights, punative taxation, purchasing power, Real Estate, real estate investing, regulation, regulations, revenue participation, Rob Viglione, royalty financing, Savings, self-directed IRA, serfdom, slavery, small business, socialism, solo 401(k), speculation, taxation, USD

The shackles of serfdom are being silently fastened to America. Every dollar Congress spends beyond its budget, every Federal Reserve Note printed, every tax, regulation, and government intrusion into our lives renders us less free. Ever wonder why it feels like it’s increasingly difficult to make ends meet? Remember the days when one spouse could work, the other raise the kids, and still save for a comfortable retirement? Those days are gone, but why? What’s next? The 5 Steps to Freedom: How To Cut Your Dependence On Institutions And Escape Financial Slavery, by Jeff Nabers explains what happened to our once prosperous society and how we can all take definite steps to escape what is to come. Continue Reading
Posted in Economics, Investing, Personal Finance, Politics
Posted on 12 July 2009. Tags: Big Brother, civil disobedience, compensation, congress, consequences, consumers, corporate taxes, currency debasement, deficit spending, depession, domestic, Economics, effective tax burden, embedded taxes, employee, entitlements, excise taxes, fair tax, federal, federal reserve, feudalism, fixed income, foreign, freedom, frguality, gold, government spending, income taxes, inflation, inflation risk, inflation tax, international socialism, labor market, labor productivity, liberty, lifestyle, local, marginal productivity, Medicare, monetary policy, monetizing debt, money supply, net wealth transfer, payroll taxes, philosophical implications, Politics, progressive taxation, property taxes, purchasing power, recession, regulations, regulatory burden, Retirement, revolt, Rob Viglione, sales tax, Savings, securities, serfdom, shareholders, slavery, social security, socialism, southern california, speculation, state, stimulus, tariffs, taxation, transfer taxes, treasuries, Treasury, U.S. dollar, Uncle Sam, unemployment, USD, wages
This article is dedicated to the growing segment of American society that is awakening to the ideas that we are increasingly overworked and overtaxed. My goal is to determine an effective tax burden on the average middle-class American. I will leave it to the reader to judge relative severity of the burden as measured against associated “benefits” to which he is “entitled” from the system. Continue Reading
Posted in Economics, Featured, Personal Finance, Politics
Posted on 10 June 2009. Tags: American Revolution, Battle of Trenton, bureaucracy, country, debt, Declaration of Independence, deficits, depression, Economics, financial crisis, Foundation for Economic Education, freedom, George Washington, government spending, Lawrence Reed, liberty, patriot, Politics, recession, regulation, service, socialism, The American Crisis, The Freeman, Thomas Paine, tradition of courage, tyrrany, we are all socialists now
B Y LAWRENCE W. R E E D
These are the times that try mens souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives everything its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated.
So began the first of 16 pamphlets under the title The American Crisis, by patriot Thomas Paine. These very words were read aloud to General George Washingtons forlorn and
bedraggled men on Christmas 1776, the night before the Battle of Trenton.
Consider the backdrop: For the six months since the Declaration of Independence, Americans had been in almost constant retreat. To a disinterested observer, the American cause must have seemed hopelessly quixotic. To many patriots as well, it appeared all but lost. But Paines stirring words helped give the troops the morale boost they needed. The next day they accomplished the impossible, capturing nearly the entire force arrayed against them. Desertions plummeted and reenlistments soared.
Lovers of liberty need a little Paine today in the face of all the pain around us. It seems at times that the world has gone mad. Companies that lose billions are being bailed out by a government that loses trillions. The same federal Leviathan that outlaws competition in first-class mail delivery but still cant deliver letters at a profit now supposedly knows how to run auto companies, banks, and insurance firms. Debt, deficits, bureaucracy, regulation, government spendingthe depressing stuff already in frightful superabundance pre-financial crisisnow threaten our diminishing liberties more than ever before. The cover of the March 15 issue of Newsweek proclaimed,We Are All Socialists Now.
No Sunshine Soldiers
Maybe we have good reason to feel like those dispirited troops on Christmas Day in 1776, but
we should learn from what they did just a day later. We can either be summer soldiers and sunshine patriots, or we can let the very principles we profess be our rallying cry for the battles ahead.
Eternal optimist though I am, I admit that pessimism really tugs at me when I read the morning papers. At every speech I give these days, theres a sizable portion of the crowd that seems ready to crawl under a rock and let the world go to a statist hell in a hand basket.
But then I ask myself, what good purpose could a defeatist attitude possibly promote? Will it make me work harder for the causes I know are right? Is there anything about liberty that an election or events in Congress disproves? If I exude a pessimistic demeanor, will it help attract newcomers to the ideas I believe in? Is this the first time in history that believers in liberty have lost some battles? If we simply throw in the towel, will that enhance the prospects for future victories? Is our cause so menial as to justify deserting it because of some bad news or some new challenges? Do we turn back just because the hill we have to climb got a little steeper?
Readers of this magazine [The Freeman] should know the answers to those questions.
This is not the time to abandon time-honored principles. I cant speak for you but someday I want to go to my reward and be able to look back and say, I never gave up. I never became part of the problem I tried to solve. I never gave the other side the luxury of winning anything without a rigorous, intellectual contest. I never missed an opportunity to do my best for what I believed in, and it never mattered what the odds or the obstacles were.
A Tradition of Courage
Remember that we stand on the shoulders of many people who came before us and who persevered through far darker times. The American patriots who shed their blood and suffered through unspeakable hardships as they took on the worlds most powerful nation in 1776 are
certainly among them. But I am also thinking of the brave men and women behind the Iron Curtain who resisted the greatest tyranny of the modern age, and won. I think of those like Hayek and Mises who kept the flame of liberty flickering in the 1930s and 40s. I think of the heroes like Wilberforce and Clarkson who fought to end slavery and literally changed the
conscience and character of a nation in the face of the most daunting of disadvantages. And I think of the Scots who, 456 years before the Declaration of Independence, put their lives on the line to repel English invaders with these thrilling words: It is not for honor or glory or wealth that we fight, but for freedom alone, which no good man gives up except with his life.
As I think about what some of those great men and women faced, the obstacles before us today seem rather puny. We just need to gird our loins. We have to get a lot smarter and better at reaching more fellow citizens with a compelling alternative to the dead hand of the corrupt and incompetent State. We need to put confident smiles on our faces and sally forth.
Time to Rally
We should not squander a second feeling bad for ourselves. This is a moment when our true character, the stuff were really made of, will show itself. If we retreat, that would tell me we were never really worthy of the battle in the first place. But if we resolve to let these tough times build character and rally our dispirited friends to new levels of dedication, we will look back on this occasion someday with pride at how we handled it. Have you called a friend yet today to explain to him or her why liberty should be a top priority?
Nobody ever promised that liberty would be easy to attain or easy to keep. The world has always been full of greedy thieves and thugs, narcissistic power seekers, snake-oil charlatans,
unprincipled neer-do-wells, and arrogant busybodies. Sometimes theyre nattily dressed in custom-tailored, pin-stripe suits and give good speeches; sometimes theyre bedecked in jewel-studded robes and give lousy speeches; on yet other occasions they wear well-worn street clothes and dont bother with a speech at all as they hold you up. It doesnt matter how theyre dressed or what they say. No true friend of liberty should just roll over and play dead for any of them.
Wipe that frown off your face and get to work. Libertys future depends on you.
Lawrence W.Reed is the president of the Foundation for Economic Education
Posted in Politics
Posted on 21 April 2009. Tags: authority over networks, Big Brother, Bill of Rights, business standards, certification, communications, compliance, congress, Constitution, Constitutional Republic, contact Congress, contact your representatives, contracts, control the Internet, critical infrastructure, cyber, Cybersecurity Act, Cybersecurity Act of 2009, democrat, digital data, domain names, executive authority, federal, find representative, find your Congressman, freedom, individual freedom, information security, information technology, internet, intrusion, IT licensing, IT professionals, Jay Rockefeller, liberty, license, National Institute of Standards and Technology, national security, NIST, power, president, privacy, regulate, restore the Republic, Rob Viglione, S.773, security, Senate, shut down the Internet, standards development, trade freedom for security, Web, West Virginia
Sen. Jay Rockefeller (D-WV) introduced a bill in the Senate on April 1st calling for sweeping powers for federal regulators to “secure cyber communications.” The Cybersecurity Act of 2009 (S.773) would give government authority over all networks considered part of the nation’s critical infrastructure.
The usual threats and scare tactics are used to justify giving Big Brother greater powers, including giving the President the power to shut down portions of the internet he deems a threat to national security, and access to vast amounts of digital data currently legally off limits.
Industry experts criticize the pervasive intrusion into private business standards and practices that would result from some of the finer points of the legislation, including a section that grants government exclusive licensing rights to IT professionals.
Here are the basics:
- National Institute of Standards and Technology (NIST) standards development and compliance.
- Licensing and certification of IT professionals.
- Regulation of domain name contracts.
- Executive authority to “shut down the Internet” when in interests of national security.
The bill is still in its infancy being referred to Committee, so now is the time to stop it! Take the time to write or call each of your Congressional representatives. You can look up your representatives’ name and contact information using this tool.
Here is a sample letter you can cut and paste to use as your own:
Details of the Cybersecurity Act of 2009 (S.773) have recently come to my attention. I am writing to voice my utter contempt for this proposed legislation and wish to document opposition to what I consider unacceptable expansion of federal authority into the cyber domain.
S.773 would give the federal government excessive power in regulating the Internet. The power to unilaterally shut down private networks, to garnish unprecedented digital data currently outside the realm of legal authority, and intrusion into commercial practices of professional certification are unacceptable.
Please take serious consideration in evaluating this measure. I urge you to support freedom of the Internet, individual privacy in digital information, and continue to let the private sector make certification and employment decisions without federal coercion.
We must actively fight the erosion of liberty and individual freedom, preserving the values that made this country great. Thank you for your time!
Take a moment to leave a comment below to voice your support for this movement!
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Watch Sen. Rockefeller discuss the bill below. It is not at all evident he truly understands what he’s talking about, yet this man wields power to control us all:

Posted in Politics
Posted on 20 April 2009. Tags: alternative investments, bank bailout, banking, banks, barack obama, bonds, budget, Bush administration, Cabinet, capitalism, Caterpillar, chairwoman, Citigroup, combines, congress, Crash Proof, credit crunch, credit spread, criminal, crisis, cut federal spending, debt, Deere & Co., deficit, democrat, department head, economic collapse, Economics, espionage, exports, farm equipment, federal, federal reserve, financial crisis, financial industry, financial system, fraud, free trade, freedom, globalization, government, Greed, guarantee, House Intelligence Committee, housing boom, imports, intervention, iron condors, Israel, Jane Harman, liberty, lobbyist, lobbyists, market insurance, market neutral, meltdown, MIT, monitor bailout program, municipal debt, National Security Agency, Neil Barofsky, NSA, obama, option, option strategy, peter schiff, Peter Schiff was right, Politics, power, President Obama, professor, protectionis, Putin, Real Estate, Rob Viglione, Russia, selling insurance, selling options, selling options for income, Simon Johnson, socialism, special investigator general, Spending, state, tariffs, TARP, too big to exist, trade, trading system, treasury bonds, Troubled Asset Relief Program, trucks, U.S. Treasury, unprecedented
Rep. Jane Harman exchanged favors for power-aided Israeli lobbyists accused of espionage, top government investigator says that bank bailouts are open to fraud, Obama tells Cabinet to cut spending by 0.02%, U.S. Treasury estimates it has lost $900 million of taxpayer money from holding $301 billion in Citigroup junk assets, Russian tariffs take toll on U.S. companies, and could the U.S. be headed for a Russian-style economic collapse circa 1998? Continue Reading
Posted in Featured, Freedom Under Fire
Posted on 16 April 2009. Tags: Afghanistan, Al Qaeda, American Recovery and Reinvestment Act, anti-American, assault weapons, Austin, barack obama, Bill of Rights, capitalism, Civil War, Columbian, congress, Constitution, construction, court warrant, crash, democrat, Diane Feinstein, dictator, domestic communications, downturn, drug prohibition, drug violence, eavesdropping, Economics, firearms, foreclosure, free enterprise, free trade, freedom, Freedom Watch, globalization, governor, guerrillas, gun trafficking, gun trafficking treaty, guns, high-speed trains, House of Representatives, housing, housing market, Hugo Chavez, human rights violantions, identity, illegal spying, illegal trafficking, indivisible, Jim Dunnam, Justice Department, Latin America, law enforcement, liberty, Mexico, militia, mystery donors, National Security Agency, new home starts, NSA, organization, passenger rail, patriot, Politics, porkulus, President Obama, ratification, Real Estate, recession, Rick Perry, right to bear arms, Rob Viglione, secession, second amendment, Senate, Senate intelligence committee, slump, socialism, South America, stabilizing, stimulus, Taliban, Tea Party, terrorism, Texas, treaty, union, universities, Venezuela, War on Drugs, wiretapping
President Obama pushes ratification of gun trafficking treaty, housing market continues to crash-new home starts down 11% and foreclosures jumping 17%, Senate to call panel to investigate illegal NSA domestic spying, Obama unveils plan to spend another $13 billion and build high speed trains (it’s a down payment), Democrats attack Texas Gov. Perry over secession comments at tea party, Freedom Watch sues dictator Hugo Chavez for acts of terrorism and human rights violations, and a bit of good news: mystery donors give $45 million to universities… Continue Reading
Posted in Featured, Freedom Under Fire
Posted on 15 April 2009. Tags: 9/11, Big Brother, Bill of Rights, capitalism, communism, congress, Constitution, court approval, domestic spying, e-mail, eavesdropping, free society, freedom, freedom of speech, gestapo, home of the brave, House of Representatives, intercepting communications, Justice Department, land of the free, liberty, National Security Agency, NSA, open society, phone calls, phone conversations, Rob Viglione, Senate, socialism, spying, stop spying, terrorist attacks, united states, warrant, write your representative
In a review of intelligence activities by the Justice Department, the National Security Agency (NSA) was caught abusing its domestic surveillance authority, accessing e-mails and phone calls within the United States.
Despite the Justice Department taking “comprehensive steps to correct the situation and bring the program into compliance,” we should all write our legislators complaining about this infraction of our rights and demanding they take steps to prevent future illegal spying on our citizens. Here’s a sample letter you can send your representatives:
Senator/Representative _________,
Domestic eavesdropping is a serious issue for which I harbor deep concerns. Although limited authority to investigate suspicious individuals is reasonable given due cause, it is entirely unacceptable for any element of government to conduct intelligence gathering activities on the general citizenry without prior and specific court approval.
Law adopted by Congress in 2007 requires court approval to monitor purely domestic communications. Violation of this law by any public body should be immediately investigated, details made public, and offenders punished. Consequences must be made clear to public servants who violate the law.
Continued infractions of our liberties will not be tolerated. We look to Congress to re-evaluate domestic surveillance legislation and ensure it adequately protects our inalienable rights as citizens of a free country.
Here’s a great resource for finding the names and contact information for your Congressional representatives. Take a few minutes to cut and paste the sample letter into an e-mail and let these lawmakers know we mean business. Enough is enough!
Please join our cause and subscribe via e-mail if you want to continue following these updates and fight to preserve our Constitutionally protected freedoms.
Domestic eavesdropping has been a contentious issue since 2005, when it was discovered that for years following the terrorist attacks of 9/11, the NSA intercepted international phone conversations and e-mails involving U.S. citizens without a warrant.
In 2007 Congress ended that program and passed legislation requiring the NSA to get court approval to monitor the purely domestic communications of Americans who came under suspicion. Since details of the Justice Department’s findings have not been made public it is not clear what aspects of the current law have been broken by the agency.
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Posted in Politics