What's Wrong With Obama

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hey d2bets, tocco likes to let the rich have as much breaks as they want. the hilarious thing is he isnt part of that group. frickin joke
 

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tocco, that graph you show shows that only top 1 percent will get a break under mccain. majority of americans will get a better deal with obamas plans.

what are you some kiss up to the rich little servant or something. why you looking out for people who dont give 2 shits about you.
Number one, you don't understand economics.
Number two, You know absolutely nothing about me.
 

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hey d2bets, tocco likes to let the rich have as much breaks as they want. the hilarious thing is he isnt part of that group. frickin joke
Like I said, you know nothing about me. You just show how ignorant you are by making statements about people you never even fucking met. :ohno::missingte That is what is hilarious!!:missingte
 

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Number one, you don't understand economics.
Number two, You know absolutely nothing about me.

i know more then you'll ever know. and no, your not top 1 percent. your not in the top 4 of those brackets.
 

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I won’t even go into the capital gains, wind fall profits scenarios as I believe they are more socialist agendas.

I do agree with the assertion you can't hike up capital gains to 40/50%....15% is low for the USA and if they do get raised...it can't be to 40%....there is probably a (happier) medium
 

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I do agree with the assertion you can't hike up capital gains to 40/50%....15% is low for the USA and if they do get raised...it can't be to 40%....there is probably a (happier) medium

Obama has said no more than 20%, and that's for people over $250,000, under that it's 15%. In other words very little change despite the hysteria from the right.
 

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Obama has said no more than 20%, and that's for people over $250,000, under that it's 15%. In other words very little change despite the hysteria from the right.


I think that is pretty reasonable if so

hysteria is ensuing
 

Virtus Junxit Mors Non Separabit
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the top 3 brackets are business owners and employee many peoples

gl
 

Virtus Junxit Mors Non Separabit
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corporate taxation wont be all that different under Obama

the small business owner will suffer, you know the good guys
 

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I do agree with the assertion you can't hike up capital gains to 40/50%....15% is low for the USA and if they do get raised...it can't be to 40%....there is probably a (happier) medium

This isn’t directed at you as you appear to be level headed. I was merely trying to point out the bigger picture to those who are less informed in economics or just plain jealous of those who have more. BO’s agenda will be an economy killer. I’ve never been wealthy by any stretch but I’ve always had enough. I say if a person is wealthy more power to him/her. I don’t expect him/her to share. If a person wants more they should earn it and not expect the government to give it to them at the expense of others.
 

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If Obama really wanted to get the capital gains tax to produce more revenue, he would decrease it, not increase it. He tries to laugh this off by saying that rich people didn’t mind the 28% rate under Bill Clinton, but in fact they did. When Clinton finally lowered it from 28%, under pressure from the Republican Congress in 1997, The resultant economic expansion from 1998-2000 outperformed the three-year period after the 1993 tax increase by a full percentage point in average GDP. This lesson instructed the Bush administration in how to generate economic growth, leading to the further reduction in CGT rate in 2001, and the five-plus years of expansion that resulted from it after absorbing the economic damage of 9/11.
Obama never gives a really good reason to increase the CGT rate –except his nebulous issue of “fairness”. Once again, Obama doesn’t explain how an increased rate will generate increased revenues. It won’t; instead of selling off moderately-performing assets and taking the tax hit to invest in higher-risk, higher-potential investments, people will instead hold assets until the tax situation improves. That not only means less revenue as capital gains go unrealized, it means a lot less capital for new economic growth, which will help stall the economy.
Obama still displays no real comprehension of the dynamics of investment and tax policy, a shortcoming with real consequences in a President. He favors jacking up tax rates to redistribute capital from those who earn it to those who do not, and like others before him, he will find those gains elusive. If Democrats are to be believed that the economy has headed seriously south, what’s needed is massive incentive for investors, not another disincentive for capital to go into hiding.
That isn’t a gaffe in the normal sense, but it is a revelation about the kind of economic illiteracy we will see in an Obama administration.
 

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If Obama really wanted to get the capital gains tax to produce more revenue, he would decrease it, not increase it. He tries to laugh this off by saying that rich people didn’t mind the 28% rate under Bill Clinton, but in fact they did. When Clinton finally lowered it from 28%, under pressure from the Republican Congress in 1997, investment capital tripled. The resultant economic expansion from 1998-2000 outperformed the three-year period after the 1993 tax increase by a full percentage point in average GDP. This lesson instructed the Bush administration in how to generate economic growth, leading to the further reduction in CGT rate in 2001, and the five-plus years of expansion that resulted from it after absorbing the economic damage of 9/11.
Obama never gives a really good reason to increase the CGT rate –except his nebulous issue of “fairness”. Once again, Obama doesn’t explain how an increased rate will generate increased revenues. It won’t; instead of selling off moderately-performing assets and taking the tax hit to invest in higher-risk, higher-potential investments, people will instead hold assets until the tax situation improves. That not only means less revenue as capital gains go unrealized, it means a lot less capital for new economic growth, which will help stall the economy.
Obama still displays no real comprehension of the dynamics of investment and tax policy, a shortcoming with real consequences in a President. He favors jacking up tax rates to redistribute capital from those who earn it to those who do not, and like others before him, he will find those gains elusive. If Democrats are to be believed that the economy has headed seriously south, what’s needed is massive incentive for investors, not another disincentive for capital to go into hiding.
That isn’t a gaffe in the normal sense, but it is a revelation about the kind of economic illiteracy we will see in an Obama administration.

Going from 15% to 20% for about 2% of people (over $250,000 income) and keeping the rate the same for the remaining 98% is hardly "jacking it up" and your reaction is just the kind of hyperbole and hysteria I was talking about.
 

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Going from 15% to 20% for about 2% of people (over $250,000 income) and keeping the rate the same for the remaining 98% is hardly "jacking it up" and your reaction is just the kind of hyperbole and hysteria I was talking about.

Tell that to the guy who lost his job because his "rich" boss decided an emerging market like India and China offered more lucrative incentives for his business.

You divisive "progressives" believe you can effortlessly force your arbitrary values of "fairness" on the wealth producers and expect them to bend over without any economic repercussions.

You just don't get it -- you never will.
 

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