re: Homebuilders cancelling contracts to sell for more on market

quote:

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In minds such as yours, anyone who is more successful than you has never worked a day in their life and is simply drawing from a trust fund and laughing at your misfortunes. You are such a victim, you just have to believe in your manufactured boogeymen hard enough and rock that "tax the rich" t-shirt long enough, and things will ultimately change for you, I'm sure of it.

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Except, I work with a lot of these people. I see their finances. I see what they do. I sit in meeting with their parents and grandparents, the ones who started the companies, where the parents and grandparents spend an hour complaining about how lazy, spoiled and entitled their kids are.

I've sat in meeting with successful business owners who are in tears as they decide to sell their businesses because they do not trust their kids and grandkids to run it.

I've sat in meetings with the grandkids and the great grandkids where they state that the 20K a month tax free they are getting is "just not enough to live on" while the family patriarch is cursing under his breath.

I've consulted with companies that had annual net profit over $1M and two years after the grandkids take over, the company is bankrupt, because they first thing they did is fire a bunch of employees in an attempt to increase owner cash flow, and it backfires.

So... no... I don't have a "tax the rich" shirt, but I see what is happening. I'm sorry you do not.