Ryan Budget - What a Crock Apr 8, 2012 8:11:50 GMT -8
Post by Yoda on Apr 8, 2012 8:11:50 GMT -8
This country was built on the flow of capital. From new ideas, to funding start-up. to re-tooling and modernizing plants, and so forth. By raising rates on capital gains, you would cause people to reduce this flow of capital by cutting back on investments. Why? Just not worth the risk. And that is what investments are..risk. That's why the chance for higher returns. We need ro expand the source of capital because it leads to JOBS. If anything, we should reduce these rates and encourage more investing into the next microsofts and Apples of the world. This is how real jobs are increased.
Generally. investment dollars are the surplus of funds left over from people's incomes after it has been taxed at ordinary rates. If you invest in a stock, the corporation pays a corporate income tax, the investor pays ordinary tax on the dividends and if he sells after a year, a long term gain on any profit. What I am trying to say is there are all kinds of taxes levied on investments as time goes by.(That is if their is a profit. The last ten years there have been a ton of investor losses, but that's another topic.)
I think what really bugs me, Yoda, is that so many people out there think that the rewards I get for my hard work is also theirs. That it's just not fair that I. or anyone, has more than them. This fairmess crap is just not reality. I got news for them...life aint fair. We were all born equal, but that ended the moment we left the hospital and went home.
For people fortunate to be living off their investments tells me the worked hard, sacrificed and saved for a LONG period of time. And we want more people having this type of success over their lifetimes. It means less reliance on government and their screwed up systems. Cuz they don't want to take care of us either.
$#!+, I'm rambling on. Anyways, You want to encourage capital investments, not discourage it.
So you're saying that Steve Jobs would not have started Apple if there had not been favorable treatment of capital gains?
I didn't start my business because I could get capital gains when I sold; I started it because I thought I could make money while I grew it and then sell it at a profit to fund my retirement. And it is the same with damn near everybody else. What motivates investment is the potential for profit -- as measured against other possible uses for the money.