Posted on 09/24/2018 6:49:59 AM PDT by DIRTYSECRET
Ok we agree that the tax cuts in 81' gave us 20 years of growth. Billy Jeff rested on Reagans laurels. BJ raised taxes in 93' and the economy kept growing anyway. Trump wins and the economy grows before he even takes office to the point where the Kenyan claims credit. How right are we? Hard to believe Reagan's cuts could withstand 8 years of BJ's raise. How right is the Kenyan? Why won't the folks at Fidelity/Vanguard take sides when the answer is staring in their faces?
Just about everyone forgets that when Clinton raised income taxes he also cut the cap gains rates, one of the reasons we had a dot.com bubble.
Didn’t know about Clinton/cap gains. Thanks. And what do the folks at Fidelity/Vanguard think of capital gains?
What about the pcs spectrum auction?
Saye do what?
The dot.com bubble had nothing to do with the capital gains tax. It was caused by Greenspan's profligate money printing.
dot.com bubble was also caused by year 2000 - after it went off with very little that went wrong - due to the huge abount of money spent on it to prevent anything from happening - all of those people that were hired were canned and after all of the equipment had been upgraded the project was over.
A capital gains cut is a tax cut for the rich. How did BJ get away with it?
Wrong
The bubble was due to Greensoan creating money out of thin air compounded by shear idiosyncrasies y as people sought to take advantage of the capital gains tax cut and threw money at just any dumb idea.
Cuz pets can’t drive...
Well let’s see, BillyBoy had a Repub Congress.
OTOH, Reagan basically had a Dem Congress.
And Trump has a “Repub” Congress.
We need to stop treating the Pres like a King and remember, there is more to the results of any policies than just “who is Pres”.
Index funds pay very little cap gains tax since they are buy and hold. Taxes tend to be on takeovers and re-balancing positions. Fidelity has far more active funds.
Actually the Obammunist recession began when the RATs took both houses of congress before his (s)election. The recovery began when the Republicans took it back, before Trump was even a nominee.
The PCS Auction was held during the Clinton Administration, It gave a bigger piece of the frequency spectrum to cell phone providers so we could have more competition. At the time there were two: the land line provider plus a regional cell provider in each market
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