Votto
Diamond Member
- Oct 31, 2012
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- #101
I don't know if that is what is going on or not, honestly. But I do know that is what should be going on....The benefit comes from paying our Nation's Bills, shows fiscal responsibility, having to borrow less money, having to print less money, reduces inflation, increases our country's credit rating, increases money flow in the whole Nation, consumer confidence is up, and encourages businesses to spend with a positive economic outlook of the Nation in Fiscal order.....so, it not only reduces inflation and money printing, but it increases JOBS JOBS AND JOBS.
ALL OF THE ABOVE are the benefits of a FISCAL Nation and comes with paying the bills and reducing unnecessary and wasteful spending....this HELPS the middle class....
Look At the Clinton years....when we, the Nation, started to pay our bills with higher taxes, the consumer confidence went through the roof....
Are you sure that is what is going on?
In the article below, Obama was asked if he would increase the capital gains tax if it meant that overall revenue would decrease due to Laffer Curve effects. He said he would because it was the "fair" thing to do. So as we can see, Obama's tax ideology has to do with being punitive and not bringing in more revenue.
Obama's Truly Radical Capital Gains Tax Agenda
(NOTE! I have not read your link yet)
As far as Capital gains tax being restructured again, I don't have a problem in reviewing its so called "fairness"...I view earnings through Labor as more important than Earnings through Capital just as President Lincoln did....
and I am not certain why those who work for a living and make $250k a year as a salary should pay 39% on their taxable income while those who sit on their bums and just put $1,000,000 in the stock market and sell off at a $250,000 dollar gain, should only have to pay 15% in taxes on that taxable income (gain)???
At the same time, I can see how having lower Capital Gain rates could spur more sell offs and get the gvt more tax revenues to pay the bills sooner....
so as said, it's worth a discussion and debate....
The dirty little secret here is that taxing income will do nothing to the wealthy since they don't need it. All it will do is prevent others from ever becoming wealthy. That way the 1% will never swell to 2% or more.
What we have wit the income tax laws is a way for the modern day plantation owners to never have any more competition.
There is no serious discussion about taxing wealth, and there never will be.