Not a single Republican vote. Heard that before.

It is obviously that Foxfyre...and the other conservatives...think there is not enough to go around.

To their way of thinking...if 5 individuals were enterprising enough and smart enough to control 95% of all the wealth in the United States...they should be able to do so.

Frank Apisa wrote:

It is obviously that Foxfyre...and the other conservatives...think there is not enough to go around.

To their way of thinking...if 5 individuals were enterprising enough and smart enough to control 95% of all the wealth in the United States...they should be able to do so.

Don't look now Frank, but THIS is a straw man.

I think Galbraith is a bleeding heart liberal without a clue what a true economic stimulus is.

Good economic stimulus would be:
1. Re-regulate the banks to require sound lending practices so that they are not required or allowed to lend to people with little chance of being able to repay the loans. That would free up credit and control inflation as nothing else is likely to do.
2. Lower capital gains taxes or at least make the current ones permanent so that business can invest and expand without fear of the tax consequences.
3. Lower business taxes to free up money for business to expand and grow and create jobs.
4. Lower personal taxes so that people have more money to pump back into the economy in a way that will increase the national treasury instead of add to the national debt.
5. Remove as much wage supports and regulation as is reasonable, without compromising the national safety and security, to increase business profits and ability to produce what the market wants instead of what the government thinks the people should have.
6. Allow infrastructure to follow economic growth as is necessary to sustain it instead of thinking economic growth will follow government-initiated infrastructure.
7. Trust the people to be innovative, inventive, creative, and practical to move society forward as it has always done, and get government out of the way as much as possible.

We cannot spend ourselves into prosperity by providing and doing for others what they are capable of doing for themselves.

Any of us with a 401K or IRA or who inherited a small portfolio from Uncle Ed or who own any kind of property apart from our primary residence or who run any kind of business all benefit from lower capital gains. Raise capital gains taxes, you will of course for the short term increase revenues to the national treasury for the government to spend or give away for whatever, but you also hurt small business, mom and pop operations, make it more difficult to invest venture capital or expand the business or hire more people.

There's all sorts of ways to look at it.

People under 30 UNITE!

Any of us with a 401K or IRA or who inherited a small portfolio from Uncle Ed or who own any kind of property apart from our primary residence or who run any kind of business all benefit from lower capital gains.

I'm clueless as to where that rant came from. I didn't say I didn't care.

What I'm saying is that after 8 years of republicans spending like crack whores on NOTHING BUT themselves and putting more money in the pockets of the already grossly rich, they suddenly want us to hear them cry about the kids and grandkids.

I'll hear nothing of it.

Quote:

Any of us with a 401K or IRA or who inherited a small portfolio from Uncle Ed or who own any kind of property apart from our primary residence or who run any kind of business all benefit from lower capital gains.

You don't pay capital gains taxes on 401Ks.

Thomas wrote:

Quote:

Any of us with a 401K or IRA or who inherited a small portfolio from Uncle Ed or who own any kind of property apart from our primary residence or who run any kind of business all benefit from lower capital gains.

You don't pay capital gains taxes on 401Ks.

You do if you need to withdraw the money for any reason prior to turning 70-1/2.

There will always be people with cash (investors) who will scavenge on the scraps (the bankrupt).