bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
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Corporations are sitting on $6 trillion in record profits, so where's all the investments?You are completely misguided. Capital gains investments are not companies investing in supplying a demand. You're talking about the source the company turns to in order to fund various ventures which may or may not pan out. Venture capitalists risk their wealth for the chance of realizing a profit on their investment... a capital gain. Tax that gain too much and they are just better off not investing and keeping their wealth in securities or tax shelters.
The .003% tax is cute, but who here believes that would; a.) produce enough revenue to even pay for one of Obama's vacations? b.) remain at .003% after liberal democrats get it instituted? c.) do anything to stimulate the economy? What it WOULD do is have an effect on stocks traded. Especially for large stock trades and the more risky trades.
Yes, I know the economy doesn't care if what we are spending is taxpayer dollars or dollars earned through production, talent, ingenuity, etc. Obama has proven that. We can actually GROW the economy that way for a while, and we have done this the past few years at about 1~2% or so. The problem is, it's not sustainable.
I'll tell you where, they're waiting for demand to go up.
They're waiting for the Kenyan communist to leave office.