Democrats' Plan Would Benefit Middle Class, Target Rich

a reply to: Jamie1

Taxing large trades is not going to produce a 10-year windfall because in about 2 years those affected will move their trading out of the U.S.

To which market though?

a reply to: neo96

Did you just randomly type words there?

originally posted by: Kali74
a reply to: Jamie1

Taxing large trades is not going to produce a 10-year windfall because in about 2 years those affected will move their trading out of the U.S.

To which market though?

Guernsey or Cayman Islands just to name 2 that are Crown possessions.

originally posted by: stosh64
This is one of the scariest posts I have ever read. But having seen your post record I am aware it is pointless to debate.
Boggles my mind some BELIEVE government would suddenly do the RIGHT thing if they only had more money.

Anytime government talks taxes my pucker factor increases 100%.
None of them have our interests at heart. It is their career to get as much money from us useless eaters as they can before they retire.
Anytime government talks we lose.

Capital Gains targets people with Capital, not the "useless eaters" as you called us.

They won't do "the right thing" because there is more money, they simply won't be encouraged to do the wrong thing because the money won't be a motivator anymore.

Also, you should be scared. Angry too. If you aren't you aren't paying attention.

a reply to: NavyDoc

you do realize that the part about giving use something for saving money probably involves an IRA or maybe a savings account or some other way that would prove that we have indeed stashed the money right??

if you put your money into an IRA, or a savings account, or even probably a safety deposit box in a bank what you are really doing is making yourself an unsecured creditor to an institution that has probably leveraged themselves so badly that when things fall apart they will have more secured debt than they can handle and you will probably be losing most of your money!! and well then there's the transaction fees and the like draining it little by little.

a reply to: Kali74

Can the LEFT have an orginal thought EVER ?

Or just do they latch on to every hair brained idea that comes from Democrats.

For those who haven't been paying attention to the past 6 years.

The federal government expects to collect nearly $2.8 trillion in individual, corporate, payroll, estate and gift taxes in 2014. This number is considerably higher than only two years prior, because as you may recall, starting January 1, 2013, four changes to the taw law took effect that increased taxes on the “wealthy:”

A rise in the top rate from 35% to 39.6%,

An increase in the top rate on long-term capital gains and qualified dividends from 15% to 20%,

A return of the phase-out of itemized deductions, and

The new 3.8% surtax on net-investment income.

www.forbes.com...

But apparently those TAX HIKES aren't enough.

And look what their money gets spent on.

a. $387,000 to study the effects robot-provided Swedish massage has on the physical recovery of rabbits after exercise.

b. $856,000 to train three mountain lions to run on a treadmill in order to measure the energy consumption of the cats’ hunting techniques.

. $473,000 to house 100 chimpanzees in a room with 100 typewriters for the entire year to determine whether, if given enough time, they could recreate the complete works of Tucker Max.

www.forbes.com...

To REPEAT:

WHAT A GD JOKE.

The plan also would use the tax code to prod employers to boost wages, which have been stagnant for four decades despite gains in productivity and profits.

“This is a plan to help tackle the challenge of our times,” Van Hollen said, previewing a Monday speech at the Center for American Progress. “We want a growing economy that works for all Americans, not just the wealthy few.”

www.washingtonpost.com... 8-9999-11e4-a7ee-526210d665b4_story.html

originally posted by: NavyDoc

originally posted by: TheArrow

originally posted by: NavyDoc

originally posted by: TheArrow
Increase Capital Gains tax to 95%

Everyone wins.

LOL. Except people who sell their house, or have a retirement fund, or 401K, or a savings account--all "capital gains."

That's wrong.

Interest is Capital Gains, not the principle. Hence the gains in capital gains. I don't think people should make money on their money.

Make money on labor, not money.

You are wrong. You sell your house at a profit. That is capital gains. You put money in a 401K, you pay capital tax on everything you pull out, principle and interest.

You don't think people should make money off their money or their land or their property? How narrowminded of you.

No.

I don't think people should earn money on their real estate, nor should your money be making money on the work of others. Because, as you say, money is seen as work in our society, and if money is seem as work, then the income provided by people actually doing the work has to be split with people doing nothing but using their money to siphon money from workers.

Which is fine. Investment should happen, it's a good place to put your money. However, if you are going to invest, you should be doing so to help workers, not yourself, unless you are a worker, in which case your investment directly helps you, which is the incentive to invest, not the monetary gains, which would be earned by labor equity, not capital.

originally posted by: NavyDoc

originally posted by: TheArrow

originally posted by: neo96
a reply to: TheArrow

I don't see how we are going to get to the mon by robbing from the rich to give to NASA when it's core mission has been muslim outreach' for the last 6 years.

We gonna arm more terrorists with governments ill gotten gains.

Pretty much.

I can not in good conscious support such stupidity.

You're response would be laughable if your ignorance wasn't so sad.

Don't be so literal. Spiting the Moon is a proverb. It means that you don't want something because your rival or enemy has it, even though it would be beneficial to you.

Ironic post is ironic.

You might want to point out the irony, because it is lost on me.

originally posted by: dawnstar
a reply to: NavyDoc

you do realize that the part about giving use something for saving money probably involves an IRA or maybe a savings account or some other way that would prove that we have indeed stashed the money right??

if you put your money into an IRA, or a savings account, or even probably a safety deposit box in a bank what you are really doing is making yourself an unsecured creditor to an institution that has probably leveraged themselves so badly that when things fall apart they will have more secured debt than they can handle and you will probably be losing most of your money!! and well then there's the transaction fees and the like draining it little by little.

In and of itself, a Roth individual retirement account, or IRA, is not an investment. Rather, it exists as a type of account that consists of various types of investments that can include stocks and other assets. For instance, you can also include bonds, mutual funds and certificates of deposit in your IRA.

Depending on a savings account to accrue retirement income is foolish as the interest usually does not keep up with inflation. It's really a place to temporarily park your money while you st up something better to do with it. I use a money market to save funds I may need in the near future. A simple savings account is a losing proposition.

Income equality has been a major issue for Democrats, but the proposal would have little chance in Congress, where Republicans now have majorities in both the Senate and House.

It is BECAUSE of the DEMOCRATS that my checking with interest,savings,CD's, money markets,and bonds. ALL pay people jack snip.

See for DECADES millions of middle class use to use those to build wealth.

The DEMOCRATS are to blame for 'income inequality. Because their policies are WHY those investment vehicles don't pay people anymore.

Now they moved on to the only thing left. That pays people more than a .01% annual interest rate for checking,savings,cds', and money markets.

Help the middle class!!!!

originally posted by: TheArrow

originally posted by: NavyDoc

originally posted by: TheArrow

originally posted by: NavyDoc

originally posted by: TheArrow
Increase Capital Gains tax to 95%

Everyone wins.

LOL. Except people who sell their house, or have a retirement fund, or 401K, or a savings account--all "capital gains."

That's wrong.

Interest is Capital Gains, not the principle. Hence the gains in capital gains. I don't think people should make money on their money.

Make money on labor, not money.

You are wrong. You sell your house at a profit. That is capital gains. You put money in a 401K, you pay capital tax on everything you pull out, principle and interest.

You don't think people should make money off their money or their land or their property? How narrowminded of you.

No.

I don't think people should earn money on their real estate, nor should your money be making money on the work of others. Because, as you say, money is seen as work in our society, and if money is seem as work, then the income provided by people actually doing the work has to be split with people doing nothing but using their money to siphon money from workers.

Which is fine. Investment should happen, it's a good place to put your money. However, if you are going to invest, you should be doing so to help workers, not yourself, unless you are a worker, in which case your investment directly helps you, which is the incentive to invest, not the monetary gains, which would be earned by labor equity, not capital.

Oh, so you are a Marxist then. If I have a house that is empty or even a spare room, you don't think I should be able to rent it for income? Why do you want to control my property and tell me what to do with it?

Your second point is nonsense. Investment is not "siphoning money from workers," it is giving companies the capital to expand and hire more workers. It gives the worker the ability to own part of the company--what do you think happens when a worker is paid in stocks or buys stocks or is given stocks as part of their retirement package as so many companies form GM to Apple do?

No, I invest to help me. That is the whole point of investment, just as the worker works to help himself, not to keep me happy.

I do know where you are coming from, now. Thanks, but no thanks.

originally posted by: neo96

Income equality has been a major issue for Democrats, but the proposal would have little chance in Congress, where Republicans now have majorities in both the Senate and House.

It is BECAUSE of the DEMOCRATS that my checking with interest,savings,CD's, money markets,and bonds. ALL pay people jack snip.

See for DECADES millions of middle class use to use those to build wealth.

The DEMOCRATS are to blame for 'income inequality. Because their policies are WHY those investment vehicles don't pay people anymore.

Now they moved on to the only thing left. That pays people more than a .01% annual interest rate for checking,savings,cds', and money markets.

Help the middle class!!!!

I will be anxious to hear from you, about all of the legislation that the republicans will create and send to Obama for passage that will help the middle class and poor.....can't wait for the glorious outcomes I will be reading about here on ATS...

a reply to: jimmyx

Try reading the thread.

Already said FIXING our money.

With the abolition of the income tax.

That would be the worlds greatest stimulus plan in world history.

But NOOOOOOOOOOOOOOOOOOOO.

Taxing the minority to pay for the majorites WANTS is 'better'.

Hell this topic, and every other topic like it shows us all the LEFT just pays LIP SERVICE to minority RIGHTS.

originally posted by: neo96
a reply to: Kali74

Can the LEFT have an orginal thought EVER ?

Or just do they latch on to every hair brained idea that comes from Democrats.

For those who haven't been paying attention to the past 6 years.
...
www.forbes.com...

To REPEAT:

WHAT A GD JOKE.

Why yes, it sounds exactly like a joke.

Specifically, this old joke:

. $473,000 to house 100 chimpanzees in a room with 100 typewriters for the entire year to determine whether, if given enough time, they could recreate the complete works of Tucker Max.

Curious indeed. I don't suppose you have a source beyond Forbes that would substantiate this as NOT literally a joke?

originally posted by: TheArrow
Increase Capital Gains tax to 95%

Everyone wins.

Sounds like a person that never had or will have capital gains....always easy to come up with something that would never affect you. There really is no way to change all this without changing the system, as in flat tax, and maybe an excise tax on premium items to punish the rich some, so that the masses put away their pitch forks.

a reply to: Greven

A google search takes all of 2 seconds.

thefederalist.com...

www.cnn.com...

www.thefiscaltimes.com...

originally posted by: NavyDoc
Oh, so you are a Marxist then.

If you want to label me, that's your prerogative. I don't find the label particularly useful in a climate of ignorance fueled by capitalist indoctrination.

If I have a house that is empty or even a spare room, you don't think I should be able to rent it for income? Why do you want to control my property and tell me what to do with it?

Not for a profit, no. Lower Capital Gains and suddenly real estate is no longer a desirable commodity and everyone that wants to can own a home.

Your second point is nonsense.

It isn't nonsense. You don't agree with what I'm saying, and that's fine, but you understood it, hence the little video at the end.

originally posted by: Xtrozero

originally posted by: TheArrow
Increase Capital Gains tax to 95%

Everyone wins.

Sounds like a person that never had or will have capital gains....always easy to come up with something that would never affect you. There really is no way to change all this without changing the system, as in flat tax, and maybe an excise tax on premium items to punish the rich some, so that the masses put away their pitch forks.

95% Capital Gains is a flat tax.

originally posted by: TheArrow

originally posted by: Xtrozero

originally posted by: TheArrow
Increase Capital Gains tax to 95%

Everyone wins.

Sounds like a person that never had or will have capital gains....always easy to come up with something that would never affect you. There really is no way to change all this without changing the system, as in flat tax, and maybe an excise tax on premium items to punish the rich some, so that the masses put away their pitch forks.

95% Capital Gains is a flat tax.

Then maybe the government should be the only ones doing any investing?

HaHa