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-- Neil Cavuto pwns senator on Obama's "95%" tax plan
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quote:

Originally posted by Zild Yes I know and I'll say whatever I want about women who say they don't pay taxes, but at the same time care about the country as a whole.

listen to yourself

then you'll continue to sound like a f**king idiot then. bravo

quote:

Originally posted by The17sss you definitely make some solid points. One thing that nobody is mentioning is that in the past, when capital gains tax was lowered, revanues were significantly increased, as you can imagine more people/business will be investing and taking risks with that extra cash

the distinction between a capital gain and other income is so arbitrary. why should money made on the investment of money be taxed at less than money earned from services? let's leave out the argument that it spurs economic growth because that is just as true for services. A pile of money is no good if people can't use their personal efforts to do something with it.

let's be honest and justify the capital gains tax for the purpose it was enacted, to benefit those well off enough to have money to invest. If you think people won't invest their money regardless of a capital gains tax you are dillusional. capital gains tax only applies if their is a gain. An investor would have his money earning gains while being taxed than sitting idle.

quote:

Originally posted by Q5echo thats just it, to reduce the debt you have to couple lower taxes with being under budget every year. over time the difference pays down the debt...but again the imperative is lower spending.

lowering revenue should never be a way to reduce debt. If you have college loans your strategy to reduce your debt isn't to take a lower paying job; that would make no sense.


by lowering revenue you are increasing the amount of time it takes to pay off that debt, and also increasing the interest charges, making the debt greater.

income gained in the form of cap gains doesn't really do anything for society, it's just a pyramid scheme most of the time unless somehow you've traded in your property, plant, and equipment to someone else for a higher price then you bought it.

gov needs money, they tax it.
trickle down economics is a scam

quote:

Originally posted by Q5echo no shit an Obama campaign office

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