<quoted text> Really? You're quoting yourself so you can double-down on a juvenile barely coherent and completely unfunny and unimaginative insult that only an inbred redneck from Moody Alabama would come up with? By the way, did you hear about the Alabama Governors mansion burning down? It almost took out the whole trailer park.
<quoted text> Besides your ridiculous example involving more money than your average investor will ever see, what you are completely ignoring is that with "investment" comes "risk". With your average investment - be it in the stock market or lending money to an entrepreneur to start a business or lending money to a friend there is no GUARANTEE that you will get ANY of your money back, much less make a profit. That is one of the main reasons that the capital gains rate is lower than the tax rate on income, it is an acknowledgement of and incentive to engage in the RISK.
+1 well stated
Some people just don't have the experience or knowledge about something, so they use ridiculous examples to try and make a point...
<quoted text> Every Republican president since Ronnie Ray-Gun has added trillions to the national debt. Ask these Right Wingers finally identify a single Republican president - who offered a balanced budget - or who didn't raise the national debt by trillions and trillions. Then listen to the silence. Can anyone seriously question that President Cheney - er - Bush - in eight years nearly destroyed not just America but most, if not all the industrialized world. Thanks Bush/Cheney for the unfounded tax cuts for the rich; The destruction of the American economy; 3,000 dead Americans under the WTC; The destruction of the national banking system; Three wars we never paid for; The shredding of the Constitution; and The creation of the largest transfer of wealth from the middle class to the richest people on Earth. Yep- we can trust Republicans - their record is so spotless.
Did Bush PROMISE to cut the debt in half? Nope! Did Obama? Yep!(And by the end of his first term.) So.....yer! We can trust Democrats.
<quoted text> Still can't respond to this post, huh? Beginning to think you're resembling the "Other Bill", he/she could only spout off BS and be clueless, too... ---------- "The last time we had a Republican President he absolutely and utterly destroyed the economy of the United States of America. Wall Street fell apart, millions and millions of Americans were unemployed and homeless" So Barney Frank, Freddie Mac, Fannie Mae, etc. get a free pass? Typical uneducated comment. You know enough to be dangerous. "Then the Republican Party, right after destroying the country, insulted Americans by putting up the most ridiculous and laughable candidates this country has ever seen. Then they did it again the next election." +1 Fair points. But, IF you TRULY believe running someone that had no previous experience running anything was a better choice, you're in for quite a debate. BTW, how did that work out for ya? BTW, McCain was not a good choice, but I don't recall anyone else that would have been acceptable. Romney was not my first choice, nor my second. "And you REALLY want to complain about the guy who's done a great job getting us back on track?" LMAO big time. A "great job"? Seriously? Are you paying attention to what's been going on, or are you so anti-Republican that you're missing things (too many to list)? What EXACTLY has he done? Do you know the last time we had a budget? Do you know what the country's debt is and how long it will take to pay down or get to a reasonable level? "In fact, such a great job that America chose to re-elect him again?" The takers now outnumber the makers. Santa Claus has shown up early. The clueless outnumber those that understand what's happening. People want to be a socialist country. Around half the country doesn't pay federal income tax. The liberal goal appears to be to have 50.1% of those eligible to vote on welfare. ---------- You would be fun to watch in court: Lawyer: Mr. Chickenburger: What time is it? Chickenburger: Thursday! Lawyer: No, what time is it? Chickenburger: Tomatoes! Makes about as much sense...
<quoted text> Another Right Wing economic fairy tale - taxes prevent investment. Taxes never have, and never will, prevent investment. Let's consider this: Daddy left you $800 Million when he left this stressful life. You can invest that $800 Million and receive $50 Million a year after taxes, or you can invest that $800 Million and receive $40 Million a year after taxes, or You can invest that $800 Million and receive $30 Million a year after taxes, or you can put $800 Million in plastic PVC pipe and bury it in the back yard, and receive $0. Are you gonna say - no thanks - I don't want $50 Million, or $30 Million, or $30 Million this year in income ? Are you gonna say - No Sir, I'll pass up $30 Million and take $0 instead. The investor obviously invests regardless of the tax rate he'll pay on the income. As Warren Buffer said, the tax rate never, ever, prevents any investor from investing because some income is always better than no income. There are 8 Billion reasons to believe Warren Buffet knows what he's talking about.
While I understand Bill in Dville's belief that investors should be rewarded for taking risks, my gut reaction - and life experience - tells me that Informed Opinion is very correct on this issue: No matter what the tax rate is, a person with money to invest is indeed going to invest it - they certainly are not going to bury it in the back yard.
And something else that occurs to me: the rational offered for the tax breaks is because investors have risk associated with investment. Understandable. But one might also argue for the government to give tax breaks for those investors who put money in activities which are not so risky, yet have more stable financial returns. The argument might be that a more stable economy with defined growth would be fostered.