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Hey there! So you found the most interesting page on my site. This is my recent Oahu wedding, Hawaii wedding, and...well..lets be honest, it's a blog. The story behind this blog, well, it started out purely about Hawaii weddings, then it evolved into everything and all of the above. Basically, ITS MY BLOG!! So I write about anything on here. I updated this blog "alomost" on a daily basis. You can learn more about me, my quirks, my style, and of course, you'll get wedding tips here.

Call me if you want to make me richer..I mean, book my services!

1-877-WED-IN-HAWAII

or email me at info@dreamweddingshawaii.com

Saturday, September 27, 2008

My economic story....and why I have to support McCain


Politics, have a lot to do with your wedding...and for me...and for you...UNFORTUNATELY :(
My financial history....past businesses, and what I think of the future...

I remember when I was in high school, the only reason why I followed politics was because I was enrolled in speech class, and we had to follow politics purely for the sake of watching how the pros debate. Back then, who won for me, depended on who purely sounded better. Most of my teachers were democrat, even though I went to a Christian high school, and blamed the government for one thing or another.

I really didn't understand politics until I turned 24 or 25, and actually became a successful businessman. From the age of 19 to 23, I was a struggling screenwriter, and then struggling entrepreneur, and I too, like my teachers pulled a little more liberal than conservative.
But the more I learned about conservative values, and the more I embraced so called what Obama calls "Bush's failed economic policies..." the more wealthy I became. After the age of 24 or 25, my businesses were pulling in well over 30K a month, each. I thought nothing could stop me, when suddenly, everything came tumbling down. I found out that my business partner had been stealing from the company, and racking up extraordinary credit card debt with company credit cards. I couldn't believe this, as my friend was also someone I had known for most of my life. With credit card debt, and money which he embezzled, the total amount came to around 500,000 dollars.

There was no way I could pay off that much money in credit card debt, so I opted to file for Chapter 7 bankruptcy, so I could start clean. I then broke off my friendship, moved back home with my parents, and started all over again. I had no car, I had no house, I had no stocks, I only had 400 dollars to my name.

I remember sitting in my room which I had been raised in thinking, "Wow, everything really just disappeared all-of-a sudden....who was to blame? Was it Bill Clinton's fault? George Bush's fault? Was it my friends fault? Or...was it my fault?" I quickly came to the conclusion that it was my fault. In fact, it was 100% my fault.

So my next move was a rather risky one. With 400 dollars in my pocket, I had just enough money to do a few things. Register for a new business, and to pay some guy in India to market it on the web for a few months. And that's when I started Dream Weddings Hawaii. Within weeks, I had this website up and running, and I was exchanging phone calls with wedding couples who aspired to get married in Hawaii. I knew quite a bit about the wedding industry already from my previous company, Canoe Girl Production's projects, so running Dream Weddings Hawaii was actually quite easy. Within a very short time, I saw myself making the 20 to 30K per month as I did once before.

Now you're probably wondering why I am so forward with you, my brides, about my monthly income. 20 to 30K a month, does sound like a lot of money. But honestly, for a business, it's really not as much as you may think. There are bills to be paid. A lot of money goes into marketing, paying vendors, film development, taxes. And business has slowed down quite a lot since the 2005's...so I make closer to 3 to 5K per month at the moment, from Dream Weddings Hawaii...just in these past few months.. The reason why I am telling you this is that I want to offer to you, my couples, transparency, to who I am, to what I believe, even to how much I make...and this information will help me segway into my next topic....politics and weddings....
I am what Obama considers wealthy. I make over 250K a year. I am in the upper 5% of taxpayers. I get hit, by what they call the AMT, or Alternative Minimum Tax, where I can only write off so much. Obama is lying to you and the American public, when he says, that we don't pay our fair share. I pay close to 52% of my personal income, total, to taxes...more if you count corporate tax. That's federal, state, and payroll taxes. Now there are some states where you don't have to pay state tax....but here in Hawaii, it's about 8% of my income. Federal Taxes take away 35%, corporate taxes is about 20% or so... FICA, Social Security, etc..etc.. comes out to around 12.8%.

If I were to tally how much I pay in taxes, I would say I put away close to 60% of my income a year, just to pay taxes. I work 7 days, 4 days pay taxes, 3 days to pay the bills...

So it really irks me when Obama says to me, the "wealthy" are not paying their fair share.... More than 50% of my money goes to taxes.... and according to Obama I am not paying my fair share? Anyone who makes over 250K has to pay at least 50% of their taxes to the government. That is more than their fair share... There's no way to get around this, as the Alternative Minimum Tax does not allow that much write-offs. :(

Right now, we as American's are progressively taxed. The more money you make, the more tax you have to pay. The less you make, the less you have to pay in tax. Now, lets imagine this. Imagine you go to dinner with your friends, and the bill comes. Now instead of paying for what you bought, you split up the bill as follows. Your wealthiest friend pays 50% of the bill, and then everyone else, splits up the bill depending on how much they make. Then you tell your wealthy friend, who payed 50% of the bill, HE'S not paying HIS fair share of the bill. Your friend says, hey, I'm paying 50% of the bill. Yet you keep saying..."no, you're not paying your fair share." You shouldn't just be playing 50% of the bill...you should be paying closer to 95% of the bill. This is exactly what Obama is saying

Do you know that the top 5% of America, pays 90% of the government's budget? Yet Obama says that the top 5% are still not paying their fair share of the government's bill? And he drives that message home time and time again. That just irks me.... I actually think that's rude. We are helping to foot 90% of the government's budget, yet that's still not enough for Obama. He wants us to pay for more...what's so fair about that?

Obama says the "wealthy" should pay more, because they can. And we are our brother's keeper. Back to the dinner bill situation. Yes, your wealthy friend can pay all the bill, every time your friends go out. But are you not, taking advantage of your wealthy friend? Pretty soon, your poor friends get used to not even bringing their wallet, or even reaching for their wallet. They get lazy, and then feel as though they are entitled to have a free meal on that wealthy friend of theirs...

I accomplished the so-called American Dream which Obama talks about, now he accuses me of being greedy, and wants to tax me more. I run a good company, provide couples with great services, I keep prices my cheap...part of that reward is money... I'm not greedy. Making money just comes with the territory of being good. Why am I being penalized for being good?
So how does it affect wedding couples? Well, one or two things will have to happen if Obama gets into office. I have done the math, and I am actually better off making 90K a year, than over 250K year in Obama's plan. I basically get to take more home.... I actually make more money by making less...isn't that amazing. Less weddings, well.. This will mean my ministers and vendors will get less business, and less money. Money always trickles down from the top...and it may actually make it harder for them to live. But if I make more, then it'll be harder for me to live.... decisions..... Again, I would never be faced with this if Obama would quit playing class warfare..

And it's just not me who is saying this. A handful of small businessmen, including my father, all are saying...if Obama gets into office, it's actually wiser to make less money. Obama taxes success. He says he wants everyone to accomplish the American Dream. But when you get there...you'll have to pay.... Less money, means less jobs. Less jobs means a slower economy, and less money travel, and to get married in some place like Hawaii. That's the way I see it.

Obama's theory that wealth is created by giving the poor freebies is wrong. The poor should not be rewarded for being poor. You don't help the poor by giving them permanent welfare, permanent free housing, or free money to buy cigarettes and liquor...you help them, by giving them a job, and the opportunity to prove themselves, educate themselves, so they can one day become extremely wealthy...and then provide jobs to other people. And it is not the government's job to do so. It is that person's job...to take care of their own life, their own family, etc..etc...

Wealth always trickles down from the top, never from the bottom. It is the extremely wealthy, who create millionaires, and it is the millionaires, who create more jobs for the middle class. It was the wealthy who first bought plasma tv's when they were 10K for a 50 inch screen, and by doing so, it employed many middle class engineers. It was the wealthy man, who bought the first gas powered car, and it is the wealthy who will probably buy the first electric cars (which will be overpriced), but they will buy enough of them to keep the wheels turning of that company. Obama envisions a world without many wealthy people, and a larger middle class....that pretty much sounds like socialism to me.

Obama is advertising a middle class tax cut, that will probably only give you a few more hundred dollars more in your pocket.... But by increasing the taxes on the wealthy, your employer, will have less money to advertise his busienss, to get more business, and to grow his business. So he or she may not have the funds to promote you, keep you hired, or to give you a raise. Which do you want? A couple more hundred dollars in your pocket, or a raise, or even...a better job, or a steady job? What if you want to start a business...and customers love you...well, you can then feel my TAX pain.

The truth is though that Obama is not planning a tax cut for the middle class. His numbers don't add up. Obama plans to give free health insurance to everyone (including illegal immigrants), help pay for mortgages, increase welfare, and to help pay for colleges, on top of pursueing a war in Afghanistan. He cannot lower taxes for the middle class, especially right now, if the government keeps bailing out companies... So when McCain preaches about a tax cut for the top earners, he also is probably lying. The truth is, that the tax code will probably remain the same under McCain, and drastically increase under Obama.

I was actually able to work my way up, from bankruptcy to wealthy, in a very short time, because of my knowledge in business. But if Obama were president, and his economic policies were in place, it would have been much more difficult. Because each time I make more money, I get taxed A LOT more. This is his agressive progressive tax. And when I make enough money to qualify for a mortgage, I get 60% of my money taken away in taxes.... It doesn't make any economic sense. Before they said in America, "That there was no such thing as a poor man in America, just a lazy man." Well, now being successful is being greedy, being poor is being a victim of George Bush's failed economic policies.... Obama has just got things upside down.

What do I favor? A flat tax, for everyone. It doesn't matter how much you make, or how little. We were all created equally, so we all pay the same percentage. Sounds pretty fair right?

I realize that Obama may sound good. But really...his economic policies are scaring me and a lot of small businessmen..... Please, vote McCain. He may not be the best choice for president, but he's the better choice.

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