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It is another stimulus to the government unions and more communism IMO.
Thanks for editing my post and adding in your blathering remarks, including at least 3 incorrect assertions (for instance, my final comment was not about the corporate gains tax, nor does that make any sense in the context of what I was saying).
I think I'll defer to the Joint Economic Committee of the United States Congress over some think tank with questionable analyses.
The age of the study doesn't mean anything. The facts of economic reality don't change just because you want them to. I suppose if some leftist think tank came out with a study against the "myth of supply and demand" you would lap it up.
Quote:
Who still uses the word hippie? How old are you exactly?
Who still believes in tired, bolshevik style hatred for the "rich". Hippie communists do.
I think I'll defer to the Joint Economic Committee of the United States Congress over some think tank with questionable analyses.
The age of the study doesn't mean anything. The facts of economic reality don't change just because you want them to. I suppose if some leftist think tank came out with a study against the "myth of supply and demand" you would lap it up.
Who still believes in tired, bolshevik style hatred for the "rich". Hippie communists do.
I don't have all night to play with you. You may want to calm down a little. I don't want you to have a heart attack.
You cite from the Heritage foundation. Not worth a whole lot. Here is a little chart for you. Maybe you can understand charts. If you will notice, the only time our capital gains were this low were in the years leading up to the great depression. Is that where you want to go again.
It's interesting how you think that economics is based on laws rather than theories and ideologies. There's a reason that the current field of economics is still split between the saltwater and freshwater schools. Back in the 60s, people would have said that the theories coming out of the freshwaters are insane, yet now they dominate our economic ideology, as seen in the arguments forwarded by libertarians and certain economic conservativse.
The age alone does nothing to invalidate it. And 1997 is hardly outdated anyway. This is economics, not computers.
Quote:
Originally Posted by hotair2
If you will notice, the only time our capital gains were this low were in the years leading up to the great depression. Is that where you want to go again.
Thanks for editing my post and adding in your blathering remarks, including at least 3 incorrect assertions (for instance, my final comment was not about the corporate gains tax, nor does that make any sense in the context of what I was saying).
I only comment you some of your content line by line as needed.
No, I pointed out the capital gains issue because that was one of the Obama supposed wealthy tax loopholes he wants to end.
First, regarding that. Anybody of every level of income in that kind of investment can get the same low tax rate on income for following that same rule and pay the lower Capital gains rate.
Obama seeks to ONLY discriminate against successful people thinking that they should pay what ever the income tax would be.
Why is this a problem? Stock market is going to go to hell with lots of quick moves instead of two year investments, and in some cases the investments will just not be there anymore.
You can't keep punishing success and not take the country down IMO.
Guess my comment was beyond you. My post had nothing to do with the age of the study.
You pointed out the fact that these are not "laws" but "theories" which I will contend since I don't want to argue semantics and you are technically correct.
Quote:
Originally Posted by dunks_galore
Back in the 60s, people would have said that the theories coming out of the freshwaters are insane, yet now they dominate our economic ideology, as seen in the arguments forwarded by libertarians and certain economic conservativse.
Then you highlighted the fact that theories do change, about which you are correct, however in the context of this thread I don't see what you're trying to say, because the other guy has presented absolutely nothing but an assertion that the study is flawed simply because of its age, which is false.
I only comment you some of your content line by line as needed.
No, I pointed out the capital gains issue because that was one of the Obama supposed wealthy tax loopholes he wants to end.
First, regarding that. Anybody of every level of income in that kind of investment can get the same low tax rate on income for following that same rule and pay the lower Capital gains rate.
Obama seeks to ONLY discriminate against successful people thinking that they should pay what ever the income tax would be.
Why is this a problem? Stock market is going to go to hell with lots of quick moves instead of two year investments, and in some cases the investments will just not be there anymore.
You can't keep punishing success and not take the country down IMO.
You doom and gloomers believe Obama is raising capital gains higher than they have ever been before. I put the chart up in post 21 to illustrate that they have never been lower with the exception of the time leading up to the great depression. How were we able to thrive this many 80 years with capital gains far in excess of what they are now.
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