Dad2three
Gold Member
Why do you feel entitled to other peoples money?
Contain your irrational hatred of the 'rich' lib.
If you punish people for investing like the left wants to do all the time by raising the tax on capital gains
those that have money will not invest....
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"If you punish people for investing like the left wants to do all the time by raising the tax on capital gains
those that have money will not invest...."
Sure, THEY'LL JUST PUT IT UNDER THEIR MATTRESSES RIGHT? lol
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
These Charts Show There s Probably No Correlation Between Tax Rates and GDP - Business Insider
Capital Gains Tax Rates and Economic Growth (or not)
If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong
Capital Gains Tax Rates and Economic Growth or not - ForbesYer kidding, right?Yes, I remember reading about all the money that went missing in Iraq. Yes, defense spending is favoritism, kick-backs, and wasteful beyond words. But, we have many other areas of obvious waste and abuse of tax dollars also. We could save untold multi-$Billions by cutting just the obvious waste.Raise taxes on the rich, tax college savings, raise gasoline taxes, and cut social programs? Or, cut the enormous waste that we all know should be cut? Or, should we do a combination of both? If your answer is to cut waste, what are the most obvious areas of waste that you would cut? If your answer is to raise taxes, what taxes would you increase? Or, what new taxes would you add? If your answer is to raise taxes, where would you use the new revenue? If your answer is to cut waste, where would you use the savings?
I think we can raise taxes while lowering them across the board just by removing all loopholes and deductions. It could be a flat tax or based upon income as we have today. Of course, that would mean a tax system which was simple and you immediately have both the lawyers and the accountants in opposition, not to mention large corporations who would actually have to start paying tax.
The problem with waste is that it really doesn't have much of an impact. People will get up in arms because of a miniscule grant to study squid but will defend monstrous waste in other areas. More than $8 billion in cash just disappeared in Iraq, and I don't mean misspent - I mean disappeared, and no one was held accountable, no congressional committee was formed to investigate, no uproar in the press. Major contractors will underbid projects with the feds and then pump of the cost through cost over runs and no one bats an eye.
What waste?
The amount of money wasted on for example...research to determine the libido of a certain species of birds when high on cocaine.
The total lack of enforcement on the rules governing the issuance of social program payments. In other words, no one is watching where the money for social programs is going.
One such example is the school lunch program. It is a violation of federal law for a school district to make inquiries as to the income eligibility of families whose children are on the program.
When I see people using food stamps or the debit card that permits purchases, get into new or late model vehicles, I see a problem.
When over 50% of the federal budget is spent on social programs, I see a problem.
"When over 50% of the federal budget is spent on social programs, I see a problem."
lol
![2010%20Federal%20Revenues%20Pie.png](/proxy.php?image=http%3A%2F%2Forigin.factcheck.org%2FImages%2Fimage%2F2011%2FArticles%2FFiscal%2520FactCheck%2F2010%2520Federal%2520Revenues%2520Pie.png&hash=770b853baeb32daf3ebcf23e7e5f5154)
Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households
Moreover, the vast bulk of that 9 percent goes for medical care, unemployment insurance benefits (which individuals must have a significant work history to receive), Social Security survivor benefits for the children and spouses of deceased workers, and Social Security benefits for retirees between ages 62 and 64. Seven out of the 9 percentage points go for one of these four purposes.
http://www.cbpp.org/cms/?fa=view&id=3677
Without false premises, distortions and lies, right wingers would have nothing to argue with!