I'm guessing it is going to have the same effect throughout the moderate republican population.
Moderate Republicans have their dream candidate in McCain. They weren't voting for Obama anyway.
I mean, particularly in todays economic environment, we WANT people to invest more, yes? I always thought it would be a decent idea to eliminate the capital gains tax altogether.Well, sure, but capital gains isn't a tax on investing, it's a tax on realized income from investing. Other income is taxable, so why not that? Investors still gain benefits from successful investment without ever suffering capital gains tax (in that they can borrow against their investments which have increased in value.) The people most likely to gain that benefit are the ones most likely to be hurt by capital gains tax, i.e. the poor and middle-class investor. I could be talking out of my ass, but isn't the capital gains rate lower than the tax rate for the higher income brackets? So it's preferable for the well-to-do to supplement their incomes via
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#1) Me... not an Obama fan. Sure... I'll be OK with him as Prez... be he's not >MY< guy. My guy was Kucinich... for the very obvious political reason that he had the Hottest spouse. I prefer Clinton over Oboma just a little bit, because I think Oboma has invested too much political capital in the idea of "non-partisan cooperation". For the last few decades, non-partisan cooperation has meant conservatives getting their way while spineless liberals buckle under. Fuck that noise
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In today's economic environment, there's an argument that we want people to SPEND more-- that's why we're all getting $600 checks instead of that money being used to, say, shore up social security
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Yes, right now we want people to invest/spend more. I think that anything done on the political level to discourage spending and investing right now is going to make our economy all the worse. People get very nervous when they see the economy slipping and they start holding onto their money tighter than ever, and it's partly because the government tries to make up for the slipping economy in ways that continue to hurt the spender. At a time like this people should be positively reinforced and encouraged to feel comfortable taking advantage of the buyer's market. I don't think that taxing anyone any more than what is current is going to solve any long term issues. And yes, even eliminating some taxes would help, but we'd need to do it in a way that would also be meaningful for the middle and lower classes, not just the rich people, because the effect of the rich guys spending can take a long time to trickle down.
I'm not really talking about small purchases, and I think that the increases in credit lines are indicative of people wanting/needing to rely on credit because they don't understand the importance of using actual cash for investing during times like this. I hear way too many people talking about how they wouldn't consider buying a car or a house right now because there's no telling if the market will get worse or how long it will take to get better. I say screw it. I just bought a house. Someone will always need to rent in Gainesville if I ever need to leave and I'm not letting go of it for a long time because it's an investment.
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Moderate Republicans have their dream candidate in McCain. They weren't voting for Obama anyway.
I mean, particularly in todays economic environment, we WANT people to invest more, yes? I always thought it would be a decent idea to eliminate the capital gains tax altogether.Well, sure, but capital gains isn't a tax on investing, it's a tax on realized income from investing. Other income is taxable, so why not that? Investors still gain benefits from successful investment without ever suffering capital gains tax (in that they can borrow against their investments which have increased in value.) The people most likely to gain that benefit are the ones most likely to be hurt by capital gains tax, i.e. the poor and middle-class investor. I could be talking out of my ass, but isn't the capital gains rate lower than the tax rate for the higher income brackets? So it's preferable for the well-to-do to supplement their incomes via ( ... )
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