Raising capital gains is meant to punish according to Obama (Clinton, compare)

[texdav]

Punishing successful investment is hardly the way to growth as Europe is learning. It results in less investment by less risk. taking.

[middle-aged mom]

In 2012, 16% of tax filers claimed capital gain income. The average amount of capital gain income claimed was $ 3,277.

Of these filers 17, 636 had AGI in excess of $500,000.

It has zero chances of passing.

[djmilf]

Originally Posted by Swingblade

Obama just did not have a clue, did he understand when the capital gains tax was lowered the gvt took in more money?

When was this?

[Opin_Yunated]

Originally Posted by Quick Enough

Quote:
Originally Posted by Opin_Yunated
Explain why the hell financial speculation (which produces NOTHING) deserves favorable tax rates compared to earned income.

Take some business and financial courses.

TAX INCENTIVES are their to ENCOURAGE people to INVEST in the economy which HELPS EVERYBODY.

Business 101.

That's the claim. Where is the empirical evidence?

[pknopp]

Obama is a petulant bitter child. I'm for making the rates of all income the same.

[Opin_Yunated]

Originally Posted by texdav

Punishing successful investment is hardly the way to growth as Europe is learning. It results in less investment by less risk. taking.

How is fair treatment considered "punishment"?

[kidkaos2]

Originally Posted by Opin_Yunated

Explain why the hell financial speculation (which produces NOTHING) deserves favorable tax rates compared to earned income.

Investment carries risks. You may lose instead of gain money. The reward must be worth the risk. The more of your gains that get taxed away, the lower your reward is. The lower the reward is, the less risk you can afford to take. The less risk that people take, the less money gets invested. The less money that gets invested, the less business can expand. The less business expands, the less jobs are created.

Now carry on with your usual leftist ignorant class envy garbage.

[PedroMartinez]

Originally Posted by Opin_Yunated

First, you have to prove those statements. Show me numbers.

Sure, there are tons of sites out there with explanations, numbers and formulas.

Here is a basic one:

Investment and Economic Growth - Economics Help

Originally Posted by Opin_Yunated

There is no evidence that investment activity will decrease if it does not receive favorable tax treatment.

That's not true.

The Overwhelming Case Against Capital Gains Taxation - Forbes

Originally Posted by Opin_Yunated

What you choose to do with your money is your business. Unearned income is already naturally a more desirable scenario than earned income.. because it has low opportunity cost (you aren't using time to "earn" it that prevents you from doing other activities).

And when you tie up your money in an investment it prevents you from using it for other activities.

[Eeyore1954]

Originally Posted by Opin_Yunated

You didn't answer my question. I'll repeat:

I believe I did but you do not like the answer.

[Kracer]

Originally Posted by Opin_Yunated

Explain why the hell financial speculation (which produces NOTHING) deserves favorable tax rates compared to earned income.

the alternative is burying the money in your backyard. doing that, instead of investing, would certainly bring things to a halt. We need to encourage more investment as it grows the economy.

Trickle down, just like the government does with tax money that it doesn't waste, squander and money launder to political supporters.