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Old 10-19-2013, 06:57 PM
 
9,470 posts, read 6,966,152 times
Reputation: 2177

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Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
Why?

Just end cap gains taxes. The government doesn't need the money.
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Old 10-19-2013, 09:49 PM
 
41,110 posts, read 25,719,480 times
Reputation: 13868
Quote:
Originally Posted by MTAtech View Post
Yes, we know, the right-wing equates taxes to run a government with "stealing." There couldn't be a better example that the right has fallen off the deep end and becoming anarchists, than that statement.

I interpret the complaint another way, 'we already swung the progressive income system from a fair one to one that favors the rich. Let's not mess with it now, we'll just cut programs that the poor and middle-class use, because we rich don't take advantage of them.'
I know, lets start taxing drug dealers and see how they like it. Does that bring the thievery any closer to home so you would understand it?
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Old 10-19-2013, 09:53 PM
 
41,110 posts, read 25,719,480 times
Reputation: 13868
Quote:
Originally Posted by clb10 View Post
In the 1930s, the wealthy paid far higher tax rates and the country did fine.
They also had work for welfare programs in the 30's. We should also do that. You didn't collect welfare unless you worked.

Civilian Conservation Corps - Wikipedia, the free encyclopedia
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Old 10-19-2013, 09:56 PM
 
41,110 posts, read 25,719,480 times
Reputation: 13868
For those who want to insist "they had higher taxes in the 30's" Lets bring back "work for welfare"

Federal Emergency Relief Administration was the name given by the Roosevelt Administration to the Emergency Relief Administration (ERA) which President Herbert Hoover had created in 1932. The main goal was alleviating household unemployment by creating new unskilled jobs in local and state government. Jobs were more expensive than direct cash payments (called "the dole"), but were psychologically more beneficial to the unemployed, who wanted any sort of job, for self-esteem. The CWA created construction jobs, mainly improving or constructing buildings and bridges.

The left says we need to improve our infrastructure. So instead demanding more money from the tax payer, instead of giving money away and paying other welfare subsidies make them productive part of society and make them work on the roads and bridges. I can hear the screeching now.
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Old 10-19-2013, 10:02 PM
 
3,433 posts, read 5,743,844 times
Reputation: 5471
To those that proclaim there was very high tax rates years ago, how many people actually paid that rate?

Having a high tax rate on an income level so high hardly no one attains it is meaningless.

Yes, the income levels years ago for those high tax rates was a joke because hardly anyone had income that high.

That would be like raising the top income tax rate today to 80% ...............on incomes over $3 billion.

Yes the rate is high, but the income level is absurd.
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Old 10-19-2013, 10:04 PM
 
1,140 posts, read 1,300,724 times
Reputation: 478
We should tax them and then give the money away!!! Free money for everyone!!! We should raise minimum wage to $20 an hour!!!
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Old 10-19-2013, 10:47 PM
 
Location: New Orleans, LA
1,579 posts, read 2,340,086 times
Reputation: 1155
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
I like it. The counter argument to raising cap gains is always "but what about retirees". Making it progressive will solve that dilemma.
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Old 10-19-2013, 10:56 PM
 
Location: Unperson Everyman Land
38,647 posts, read 26,363,905 times
Reputation: 12648
Quote:
Originally Posted by florida.bob View Post
Agreed. Not that hard to do. Also, eliminate a lot of exclusions, which is not so easy to do, but could be done, if there were Legislators willing to do so.
Great point florida.bob, because why would we want to encourage people with money to invest in the American economy?

All that foreign investment would just create a bunch of new jobs the way it did back in the 1980s, and we all know how that turned out.

Sure GDP grew at near double-digit rates while inflation was crushed, but wealthy people made money and that simply isn't fair to people who are too stupid to understand investment by government does more harm than good.
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Old 06-03-2014, 05:04 PM
 
Location: Virginia Beach, VA
11,157 posts, read 13,995,357 times
Reputation: 14940
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
Economic suicide. That's what I think.
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Old 06-03-2014, 05:07 PM
 
27,307 posts, read 16,212,564 times
Reputation: 12102
Why should investments be taxed at all.
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