Tax analysis upcoming

[Guest]

Warren Buffet said specifically he pays capital gains tax, which he says is at a lower rate than his secretary's income tax.

One additional thing is that the wealthy invariably save and invest a much, much greater fraction of their earnings. Saving and investment makes labor more productive, creates jobs, and increases GDP and standard of living. Investment can take many forms, not just capital equipment, but also education and technology. Investment, not consumption, is what moves the economy forward. (Although consumption can have dramatic short term effects.)

Something worth considering before creating huge disincentives for investment.

The poor people in this country are far, FAR better off than even the rich people in most of the world [url=http://www.globalrichlist.com/index.php](link)[/url]. And it is because historically we have not redistributed wealth very much (relatively speaking). It might seem counter-intuitive but the most effective way to help the poor in this country is to maximize savings and investment, which is NOT achieved by handing out freebies, nor by taxing the rich who save and invest, nor by taxing investments themselves.

Let's not eat the seed corn.

[Guest]

Sleek, you are totally missing the point.

You completely fail to recognize that other people can have different standards for "fair" than your own.

[Guest]

Vector, you completely got me wrong. Just remember that riches can invest a much greater fraction of their earnings becaues they have lots left overs. Poor people end up with nothing after all the bills. Therefore, they can't invest and stay poor. Their income meets bare minimal cost of living.


I think you're accusing me vector.
I didn't justify standards for fair. Look at it however you like it man.

[Guest]

I feel like people are teaming up and ganging up on me ahhhhh heeelllllppp!!!

you want ice cream?

[Guest]

Everyone here basically have similar views & beliefs except for you. You're unique, kid.

[Guest]

Here is all you need to know about our economics regarding income tax.. if you haven't seen this I encourage you to take the time and educate yourself.

[url]http://video.google.com/videoplay?docid=-1656880303867390173[/url]

Then watch both Zeitgeist.. the second addition focuses a lot about the corrupt monetary system we are in.