Hillary proposing higher short term capital gains taxes

[ktm]

The poor have their problems also. The inconsiderate democrats are forcing them into a higher tax bracket requiring drastic action.

IMO, poor in the majority of other countries in the world is not the same thing as poor in America. No society can have everybody on the dole somehow (corporations, handicapped, tax exemptions, endless wars funding large corporations etc.). I suspect that simply spending efficiently would erase the deficit in no time.

Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."

 

[zdreg]

you are misssing the point. But I agree. My point is tax revenue should be blind (other than there is no point in taxing the poor so they should be exempt.) Most of the most benign exemptions are the most evil. For instance charitable contributions and mortgage interest.

Like I said, Once you collect it you can engineer society any way you want. But when it comes to collecting it from me, just treat me fairly like any other tax paying citizen gets treated.

And that means treating all sources of profit, whether it is selling your labor or selling your yacht equally with no exemptions (other than the exemption of being too poor to make it worth our while to collect taxes from you, since we will just being giving it right back (with a government cut of course.))

charity is one of the best exemptions, it is better for private interests to determine who is worthy of help than government/political hacks.

 

[zdreg]

Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."

+

Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."

.
+ bloated bellies that are not the result of malnutrition.

 

[gkishot]

No engineering. Simple economics.

Tobacco and alcohol consumption add to aggregate medical expenditures. So taxing both at a higher rate makes sense in light of what tends to follow.

Lower income earners spend proportionately more of their income on necessities, so it makes sense, you know, for survival. It's not unfair since the rich pay no more tax on the same portion of their income, and the poor would also pay at a higher rate on the incremental amount if and when they start earning more. Where's the unfair?

Mortgage deduction insurance makes buying more affordable. The more it is affordable, the more people buy. The more people buy, the more that is built. The more that is built, the more jobs that are created in the process. Economics. Round and round we go.

The unfair is that capital gains are not income.

 

[clacy]

Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."

I'm not sure if huge seen the poor Mexicans but they're not generally skinny.

 

[i960]

Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."

This sounds like total cherry picking and I don't believe for a second this is why new immigrants come here. They come here because of absolute lack of opportunity or forward outlook in their own countries not to exploit the system.

Heck the vast majority of "illegals" who arrive here work insanely hard - harder than most Americans - in order to just survive.