The random political thoughts thread (Part Deux)

[Ghoulish Delight]

Originally Posted by Morrigoon

The problem you have is with incentives and reinvestment. You can't tax investment so heavy that there is no benefit to putting your money into anything (vs. the risk)

You're right, which is probably why capital gains taxes are at their lowest level in ~80 years.

It is complete fiction that the highest earners/wealth holders in this country are being over-burdened by taxes. They can point to individual pockets of taxation that make it look that way, but that's only because they have been increased in an attempt to balance out the fact that the rest of their money is completely sheltered from taxation and that, overall, by any practical definition, they pay far smaller percentage of what they actually earn in taxes than the majority of this country.

[Ghoulish Delight]

And just to continue to keep reality in the picture: When idiots like Bill O'Reilly claim that raising capital gains taxes means there is no incentive to invest, keep in mind that the changes that will take effect in 2013 will bring capital gains taxes up to a level LOWER than the rates from 1987-1996. Yeah, boy, those investors in those years CLEARLY were scared away from investing, with absolutely no incentive to do so.

Bullsh*t. Pure. Bullsh*t.

[Morrigoon]

I'm not disagreeing with the goals or the assessment, I'm only pointing out the challenges.

[Ghoulish Delight]

And here I thought my opinion of the Florida electorate couldn't get much lower.

[Alex]

Let's see, can anybody spot the constitutional flaw in this program?

http://www2.wkrg.com/news/2011/sep/2...ch-ar-2450720/

One suspects the sheriff is misinformed.

[sleepyjeff]

Originally Posted by BarTopDancer

I think it's utterly ridiculous that "job creators" are basically blackmailing the government by saying if you raise our taxes we won't create jobs.

It's a huge risk these days to "create" a job. I know that I can't hire anyone right now but if my tax burden were lower, well, maybe I could stretch it........besides, someone has to watch the store while I am at Disneyland

Originally Posted by Alex

Let's see, can anybody spot the constitutional flaw in this program?

http://www2.wkrg.com/news/2011/sep/2...ch-ar-2450720/

One suspects the sheriff is misinformed.

Couldn't one just say "I am my own church" and just stay at home on Sundays?

[Ghoulish Delight]

Originally Posted by sleepyjeff

Couldn't one just say "I am my own church" and just stay at home on Sundays?

Nope. It's only specific churches that have signed up for the program. And ONLY churches, no synagogues, mosques, Hindu temples. Of course, that may be because those don't exist in that town. But that's kinda beside the point.

[Alex]

Originally Posted by sleepyjeff

Couldn't one just say "I am my own church" and just stay at home on Sundays?

And even if you could do that, it would still be unconstitutional to require you to do it to get out of or avoid jail.

[sleepyjeff]

I wonder under what the circumstance the first challenge to this will be?

[alphabassettgrrl]

Originally Posted by sleepyjeff

I wonder under what the circumstance the first challenge to this will be?

An atheist or someone of a non-Christian religion, is my guess. They don't have an option to attend church to avoid jail.

Or a taxpayer upset at tax money going to support church.