Goddamn It Hilary!

[gatrnation1]

The worst sectors of the worst recovery since World War II are business investment in new plants and equipment and new business start-ups. These are the biggest job creators, and their slump is a key reason for the sub-par labor recovery, with low participation rates and high involuntary part-time workers.

So if investment is the problem, what does Hillary Clinton go out and do? She proposes jacking up the tax on investment.

In her latest economic speech, Clinton proposes doubling the capital-gains tax rate on the profit made from asset sales (stocks, bonds, real estate) held a day less than one year up to two years. Right now, if you take a capital gain a day more than one year, you are taxed at a 20 percent rate. Actually, it's 23.8 percent when you include the health-care surtax. So under Clinton's brilliant new play, you'd be taxed at 43.4 percent — the top individual cap-gains rate of 39.6 percent plus the 3.8 percent Obamacare surtax.

:meltdown :mad :blowup :banghead :down :boo

[ericberry14]

Politicians don't give a shit about the country... Just about getting elected and the kick backs that come with it

[Muck FcDisney]

Makes sense, from the Dem standpoint. Investment drives the economy. Discourage it, while simultaneously encouraging laziness, and boom! You've just increased the number of people dependent upon the Welfare State.

The end game is clear: 100% tax rate, with the government doling out what it sees fit as the minium wage people can survive on. Government, and select big biz cronies, would be exempt, of course.


But don't we all want to live in a world where creakheads "earn" as much as brain surgeons, physicists, and inventors? Innovation would reach a pace not seen since... people lived in caves! :clap

[Y4NK33 PL4N3T]

Politicians don't give a shit about the country... Just about getting elected and the kick backs that come with it

This.