To: Man50D
The Nation will experience a similar outcome if the Bush Tax cuts are allowed to sunset or if taxes overall but especially Capital gains taxes are raised. Wealthy people did not become wealthy by making poor fiscal decisions. The people who really need to get the message are the three democrats currently running for the presidency.
9 posted on
02/21/2008 4:46:06 AM PST by
kublia khan
(Absolute war brings total victory)
To: kublia khan
Obama will win.
All taxes will be increased and Capital gains tax will be a big one going to 30 to 40% in my guesstament (because the rich need to pay their fair share). With the Capital gain tax increase the stock market will go dormant ( ie. very little trading) companies will lay off and reinvest less into then self's and just sit on the cash.
Cash is a position and business will just wait until cash is not the best position.
After all the tax increases tax revenues will drastically fall and the solution will be to raises taxes.
119 posted on
02/21/2008 7:20:04 AM PST by
Total Package
(TOLEDO, OHIO THE MRSA INFECTION IN THE STATE)
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