Obama's Capital Gains Tax "Fairness"

Obama isn't interested in increasing government revenue, he is interested in punishment and income redistribution under the guise of "fairness".

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Category:

News & Politics

Tags:

• obama
• capital
• gains
• tax
• deficit
• socialism
• stock
• market
• investing
• mccain
• conservative
• right
• wing

[asleeperj]

The capital gains tax is now 20%. Thank you progressives. Now every dollar i invest, from the money LEFT OVER from my paycheck AFTER Social SECURITY, (i'm 25, and will NEVER SEE A DIME) Medicare, Medicade, INCOME tax, AND all my OTHER EXPENSES, I then have to fork over to the federal government 20% what i make on the little money left i have to invest. THIS IS RIDICULOUS. This is a war on the middle class. I have to remember to be civil about this. GIVE ME A BREAK!

[utoobia]

This should have been a huge clue-in to this man's economic idiocy. He's OK the Gov't would probably bring in LESS money, in order to make things "FAIR"? Jesus. How exactly does this help the secretary he mentions? Yeah, that's right, it doesn't...it hurts that person too. Whenever you hear a politicain use the word "fair", run for the freakin hills.

[Meade556]

@BestfarmerBill Tell me what is wrong with a union? What is wrong with a salary and good benefits? The more companies have thrown people off health insurance the more its price has gone up, inevitably when there are not enough buyers prices will go up. Furthermore 30-45k is not very much, especially given the skills you have to have to put together something as sophisticated as a car.

[BestfarmerBill]

@Meade556 And they are still paid more than the marketplace would support compared to other manufactures who aren't held hostage by a union.

[Meade556]

@BestfarmerBill Incidentally a million jobs is more than a union, given the multiplier effect, particularly for something as vital as the auto industry a million jobs lost there translates into 1.6 or 2 million jobs lost.

[Meade556]

@BestfarmerBill Republicans when faced with the facts and logic behind global climate change get all emotional so don't speak to me about being logical and rational. In the bankruptcy proceedings the unions sacrificed a lot. They held 40% of GMs bonds and suddenly they became the new shareholders and everything they had was on the line. Their members accepted pay cuts and benefit cuts, workers are now paid $15k less than before Chapter 11.

[BestfarmerBill]

@Meade556 Obviously, according to your messed up logic, if every one in the nation would vote democrat, we would be living in a perfect utopia. GM should have been absolved of their union commitment for ridiculous pension benefits in a true bankruptcy proceeding. The government involvement was to protect the union. I don't believe the information you are feeding me to be credible.

[Meade556]

@BestfarmerBill Except $55 million of that was provided by President Bush and the Chinese by underwriting the entire operations of their companies are pricing us out, these companies would not be in so much trouble if we had tariffs which protected them. Not only would be get revenue, but our nascent industry would be protected. Ener1 also has not closed its doors unlike Solyndra, Chapter 11 is restructuring, GM was Chapter 11 it is not anymore.

[BestfarmerBill]

@Meade556 Another one of your green dream companies filed for bankruptcy after your idol president dope who blames invested our tax dollars in. Ener1 inc. only scammed the taxpayers out of $100,000,000 this time unlike Solyndra when the taxpayers were hooked for $545,000,000. Your children will get the bill from China.

[Meade556]

@BestfarmerBill To the contrary, national defense is a specifically enumerated power but there are guards against the Police and the Federal National Security apparatus having too much power in the first nine amendments. Alexander Hamilton was far more molly coddling to business with his subsidies than Obama has been with the LOANS he gave to companies, a policy of the Bush Adm, far more socialistic is what the Russians, Indians and Chinese do, just underwrite, we just loan.

[BestfarmerBill]

@Meade556 So our framers sought to save mother earth but had no interest in protecting our nation?

[Meade556]

@BestfarmerBill The Commerce Clause and the taxation clause give Government powers to expand so things like Dept of Edu and Dept of Eneg are constitutional, whereas a lot of the provisions of the PATRIOT ACT and the recent NDAA are not.