(08-01-2012 02:43 PM)Hambone10 Wrote:  If you don't like the rules, why aren't you taking steps to address the rules rather than just pointing fingers at the "evil" people who are smarter and more savvy than you?

Because that includes everyone, so it's really easy for him. Robert doesn't like things that take effort, like thinking.

Owl's use of the term "gets the chalk last" is an important one. SOmething the current administration and virtually every left winger on this board seems to lose sight of... That whatever you do, they will react. While the left likes to assume that raising rates increases income, they lose sight of the truth that raising rates also makes tax shelters more valuable. You must either redefine income, or change what you are taxing... understanding that ONLY the rich can do without income, while even the upper middle class cannot. Raising capital gains lowers the return for investing in America vis a vis other countries. Now, if we're the only good economy, that is probably okay... but it won't take long doing that (raising rates here while others lower theirs) to attract the investment that turns each of our economies in the other direction. We can continue to chase the wealthy and their wealth (it's 3 card monty and the government is the "sucker"), or we can take a better approach to it like the rest of the world.... I find it hilarious that the left has dozens of right wingers supporting taxing something the rich do more of than anyone else, and they'd rather chase their tails. Telling, I think.

I "Love" how the liberals are taking Reid's word for this (from the tendencies of the posts). Again, someone PROVE to me what Reid and his "source" said is true... and do it with documentation.

Quote:1) Person one - invests in foreign equities in NYC. She makes 400,000 after two years. When she sells her investment, she will have to pay 15% in taxes. Virtually no jobs in the USA are created by this investment.

2) Person two - invests in a business in the USA. He builds a building hires employees etc. He makes 400,000 in year two. He pays 31% in taxes. He has created jobs in the USA etc.

So instead of raising taxes on person 1... how about reducing the taxes on person 2???