Kamala supports 44% tax on capital gains

[candycorn]

What if they redefine Capital gains as wages and tips,

Wages sure. Not sure how it can seriously be called a “tip” though.

much like the Left has redefined inflation being price gauging by corporations?

Well here is an example of price gouging by corporations. Ready? Of course you aren’t. It will take an attention span of more than 2 seconds but try to follow along.

Trump put tariffs on nearly all Chinese imports right? So the Chinese products increased in price (some may call that inflation BTW). The other side of that coin is that the American made product should be less expensive than the Chinese made product by this point in time. Why aren’t they? The corporations are profiteering...raising their prices to increase profits because the Chinese products now cost more.

 

[Hollie]

Tax Capital Gains the same as any other income

Typical for Dems/ Socialist. Punish the people who invest in companies that innovate and produce.

 

[rightwinger]

Typical for Dems/ Socialist. Punish the people who invest in companies that innovate and produce.

Conservatives want to punish people who work to support their families

 

[Lisa558]

The more money Democrats can steal from people who are responsible with their money and invest, the more money they can spend.

….and the more they can spend, the more they can bribe people for their votes. Have you heard her latest cockamamie idea about handing out $25,000 for first-time homebuyers? The Democrats are counting on the stupidity of the American voter to win this election.

 

[Hollie]

Conservatives want to punish people who work to support their families

Nonsense.

 

[Winston]

The rational control of capital gains taxes is one of the most important tools the Federal government has in incentivizing INVESTMENT, which is the lifeblood of a capitalist economy.

This is why Democrats should never be put in charge of the Federal government. They are economically illiterate; worse, they are evil. There is not a single leading Democrat in Washington who has ever had a Real (responsible) Job in the private sector, or run a business. It is pathetic.

Capital gain taxes have, historically, little influence over actual investment. If anything, a lower capital gains rate increases both the amount of "speculation" and market variances, the beta.

It makes no sense, to tax capital gains at a lower rate than earned income. I mean if you tax the dudes that lease out the shovels less than the ones doing the digging, pretty soon everyone is going to own shovels and no one will want to dig.

 

[rightwinger]

Nonsense.

Why do you tax people who provide labor higher than someone who just moves money from one place to another?

 

[hadit]

Where are they going to go to invest?

Overseas, for one. Basically, anywhere they can get a lower tax rate. China, for example, has a 20% rate, the same as the US. Where do you THINK the investment money is going to go if we jack our rate to 44%?

 

[Lisa558]

Typical for Dems/ Socialist. Punish the people who invest in companies that innovate and produce.

He worked for the Feds - a bunch of mediocre Democrats who hatr successful people.

Remember how Obama castigated business owners by scolding “You didn’t build that!” and then went on about the roads? Anything to demean those who are capable, motivated, disciplined, and successful.

 

[Votto]

And it would kill it for the middle class as their own portfolios shrink due to the robbery of the wealthy’s investments.

You’re another Dem with no understanding of economics. Which explains why you’re a Dem.

The DNC is a party of the extreme rich and extreme poor.

It would then make sense that they want to rid the country of the Middle Class.

 

[Hollie]

Why do you tax people who provide labor higher than someone who just moves money from one place to another

Why do you make these unsupported claims?

 

[Lisa558]

Why do you tax people who provide labor higher than someone who just moves money from one place to another?

Because it encourages people to save and invest - thereby being able to fund their retirements, rather than find themselves lacking money and dependent on government charity when they are old.

Government pensioners wouldn’t understand.

 

[hadit]

Why do you tax people who provide labor higher than someone who just moves money from one place to another?

Darn it, I agree. All tax rates higher than the capital gains rate should be lowered to 20% immediately.

 

[Hollie]

Typical for Dems/ Socialist. Punish the people who invest in companies that innovate and produce.

Oh, dear. Nuthin' but Nuthin' suffered hurt feelings.

 

[rightwinger]

Because it encourages people to save and invest - thereby being able to fund their retirements, rather than find themselves lacking money and dependent on government charity when they are old.

Government pensioners wouldn’t understand.

Labor creates wealth
Investment just moves it from one place to another

 

[Lisa558]

The DNC is a party of the extreme rich and extreme poor.

It would then make sense that they want to rid the country of the Middle Class.

Exactly. The Parties have completed flipped. The GOP is now the party of the working and middle classes (the majority of the country), and the Dems are the party of the rich while they simultaneously buy votes from the poor (using the taxes of the working and middle class).

And of course they’ve flipped on Israel as well. The Dems used to be very pro-Israel, and now they are kowtowing to the anti-Israel Muslim antisemites.

 

[Nuthin' Fancy]

US companies' tax windfall fuels record share buybacks​

AP News
https://apnews.com › article
Apr 4, 2019 — U.S. corporations spent a record amount buying back their own shares last year, using 2017's tax-cut windfall to reward shareholders rather ...

 

[Lisa558]

Labor creates wealth
Investment just moves it from one place to another

I just explained the benefits of investment, but you proved my last sentence right - that government pensioners wouldn’t understand.

 

[shockedcanadian]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

Jr. companies in particular will be stymied. No one is going to risk their money at that tax rate. This will destroy companies and an vital vehicle for citizens to create wealth by supporting businesses.

 

[Lisa558]

Conservatives want to punish people who work to support their families

OMG - can these Dems ^^^ be any more clueless?