Who do I Bill? July 29, 2011 at 2:52 pm by Philip Morris
In 2008, I watched as my tiny retirement account, a collection over 20 years of 1 and sometimes 2 percent of my salary, lost 45% of it’s value. I didn’t scare (not really enough money to be afraid of I suppose) and stayed in my equity based mutual funds. Over the past two years I have regained almost all of that loss.
It struck me at the time and still, with hindsight, that it was just one of those things. We all got caught up in some part of the mortgage and debt crisis that instigated those events. We all needed to take our lumps.
In the last few days, my little account has taken some more hits. Certainly not the extremes of 2008, but a fairly frightening 6% instigated not by some commonly shared irresponsibility, but by a focused irresponsibility: House Republicans who will not even support their own ideas and orthodoxy with a dose of fairness.
Why be fair when we can shut the whole country down?
So, I want to know who I bill for my losses. If this was corporate behavior there would be a stockholder revolt and SOMEONE would pay.
John Boehner? Tea Partiers? All House Republicans? I don’t want to pay for these shenanigans!
This guy is unbelievable, puts the blame for "his losses" on everyone else. Who does he want to bill, he's allready billing every property owner in the county. Wonder if he filed a claim though his insurance for the "hole in the wall" and the "mssing" cash.
And this is from the guy who eats, drinks, breathes and lives off the taxpayer dollar????? In part, and in the scope of things nationally, a small part, is one of the reasons why this nation is in the mess it is in!!!! He's worried about HIS tax paid retirement??? OMG!!!
Banks are still closing, companies are laying off or outsourcing by the tens of thousands and this dimwit is worried about placing blame on his 'tax paid' retirement loss!!! The same dimwit who gets the lion's share of tax money so he can 'live his dream' at the taxpayers expense!!!
God help us all!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
This guy is unbelievable, puts the blame for "his losses" on everyone else. Who does he want to bill, he's already billing every property owner in the county. Wonder if he filed a claim though his insurance for the "hole in the wall" and the "missing" cash.
Hilarious how he only blames the House of Representatives and not his hero Obama for his investment losses. Maybe you need a better stock broker? One who's not a communist.
Who can the County taxpayers bill for your incompetence? You and your buddy Death Ray made $100 MILLION in our money disappear along with 10,000 County jobs. The alleged "robbery" is another laugh riot. A History major masquerading as an theater expert who refuses to use a night depository and takes over a coffeehouse and runs it into the ground. Ditto for a former bank. And he wins an award from the stunad Acting Mayor! How's Key Hall doing? lol.
Multiply your 'loss' by over 10 million and you'll feel the wrath of every Schenectady taxpayer. Ask the Plex to help you out - they'll surely lend you another interest and tax-free $300K payable never. What a complete tool.
Tool is the right word. The nerve, the gall, the chutzpah, of this idiot to blame Congress for his retirement losses. Maybe he should of utilized the great planner Death Ray to review his huge stock holdings? More hooray for me-screw you. And blame the REPS for your own incompetence.
Every nickle he has is from the oppressed County taxpayers. Happy to read the other comments and hopefully the masses and finally waking up to the fact that he is screwing us. Let Proctor's run on its own business without any taxpayer largess. And finally pay a Stratton fair share PILOT like Union and Ellis are already doing. This is who McCarthy gives a Patroon award to?
What's Morris doing investing in something as risky as publicly traded stocks? Shouldn't he be investing in the City of Schenectady real estate that is at rock bottom prices? There is a renaissance going on is Schenectady, Philip should be investing in a guarantee like Schenectady real estate, so he can enjoy his golden years reaping the rewards of the Democrat/Morris/Metroplex renaissance.
I looked up how much property he owns in the City, and all I could find was what I assume to be his prior residence. It showed that he bought it for $172K in 2002 and was assessed at $161K in2011. It also showed he was paying $6100 in taxes on the $161K assessment. Why would he sell a house in the beautiful City and move to Rotterdam at such a bargain?
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
I haven't posted here in a while. This was posted in response to the Morris -who can I bill TU blog by a friend of mine. It is my understanding that it was posted yesterday but wasn't put up.
Mr. Morris should keep things in perspective. As the CEO of Proctors, his not for profit business is the recipient of MANY financial benefits from the NY and Schenectady County taxpayers. With whole property tax exemptions on 7 City buildings, $4.6 million in federal tax credits, $9.5 million from Metroplex, $200K in NYS grants, and $1.4 million in in direct County funding, you begin to realize Mr. Morris’ livelihood($194K per year) is due to the generosity of the taxpayer. And this is extremely generous, since the Schenectady County taxpayer’s average per capita income in 2009 was $27,308.(He didn’t do to bad did he?)
So if Mr. Morris is looking for somebody to bill, he should begin with himself. It is people like Morris, who built his business off of the backs of the county taxpayer, while he doesn’t pay a dime of property tax on his businesses. That is why Americans sent these Tea Party conservatives to Washington. People have become tired to working 50 hours a week, just to squeak a modest living, while our property taxes are going up to pay the exorbitant salaries of bureaucrats and the likes of Morris.
I have some news for Mr. Morris, everyday Americans also lost money in the stock market. But what makes them worse off than Mr. Morris, they have to pay taxes on their properties that continue to go up.
So, I have some financial advice for Morris. Diversify your retirement portfolio and take some of the money you plundered from the City of Schenectady and County, through exemptions and direct funding, and invest it back into those crumbling neighborhoods that are ultimately paying for the municipal services that Proctors and the “miracle mile” benefit from. If Mr. Morris truly believes in the Schenectady Renaissance, then investing in Schenectady should be a guaranteed winner.
The real question is – who does the Schenectady resident bill for their financial losses as their property taxes increase and their home values decrease? Maybe Mr. Morris and Proctors is where we can begin to look.
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