Excellent!
I am sure that you will be very pleased to know that we now have 159 pages of new tax rules affecting capital gains and dividends all aimed at raising new taxes in order to fund health care “reform.” But don’t worry; these are just taxes that are supposed to be paid by “high-income individuals.”
Some might object to all of this, noting acidly that taxing the rich will never be enough to pay for all of our entitlement obligations, and remarking that the last thing we need is for tax rules to become more complicated. Clearly, these people don’t know what they are talking about. After all, when we have the IRS enter the picture with its burdensome regulations and bureaucracy as far as the eye can see, things usually end wonderfully. What could possibly go wrong in this instance?
So celebrate. This is just the beginning of what we voted for on November 6th. And we are going to get what we voted for. Good and hard, as a certain writer and pundit once said.
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Comments:
Jun '12
Re: Excellent!
Great minds, Pejman... I just opined on this on my own little blog.
Bottom line: more investment taxes = fewer jobs.
Congratulations, America... you voted for more unemployment.
Jan '11
Re: Excellent!
Of course, America didn't realize it was voting for all this.
That's the problem.
Jun '12
Re: Excellent!
KC Mulville: Of course, America didn't realize it was voting for all this.
That's the problem. · 10 minutes ago
Some of us tried to warn people. We were ignored.
Dec '12
Re: Excellent!
Yes: Bottom line: more investment taxes = fewer jobs.
Also: More investment taxes = less return from investments for "little people" such as those with 401k's and pension funds.
I'm afraid we're about to see that Obama's moves against "the rich" and against capitalism equate to moves against capital--without which no society can sustain wealth, mcuh less create it.
Jun '12
Re: Excellent!
Margaret Sarah: Yes: Bottom line: more investment taxes = fewer jobs.
Also: More investment taxes = less return from investments for "little people" such as those with 401k's and pension funds.
I'm afraid we're about to see that Obama's moves against "the rich" and against capitalism equate to moves against capital--without which no society can sustain wealth, mcuh less create it. · 5 minutes ago
Hey, welcome to Ricochet! :D
Dec '12
Re: Excellent!
Households earning >$250K pay the tax on all investment income, not just on income >$250K. Remember, the rich need to pay their fair share. What's fair about this?
Jul '11
Re: Excellent!
I love your name. Joes Garage was a favorite album as a teen.
Re: Excellent!
Great minds are evidently depressed alike.
ConservativeWanderer: Great minds, Pejman... I just opined on this on my own little blog.
Bottom line: more investment taxes = fewer jobs.
Congratulations, America... you voted for more unemployment. · 15 hours ago