...EXCELLENT...
FEDERAL GIVERNMENT needs Money for the Crony Capitalists...
You cannot support crony capitalism when the givernment is BROKE..
Posted on 08/24/2015 12:50:28 AM PDT by 2ndDivisionVet
Republican presidential candidate Donald Trump says he would change the tax laws to force people who work at hedge funds to pay more in taxes, because "the hedge fund guys are getting away with murder."
In an interview with Time Magazine published last week, Trump said he might want to "switch taxes around" because "I have hedge fund guys that are making a lot of money that aren't paying anything." He confirmed on CBS' "Face the Nation" Sunday that he would change the tax system to force those who work for hedge funds to pay more.
"They're paying nothing and it's ridiculous. I want to save the middle class," Trump said. "The hedge fund guys didn't build this country. These are guys that shift paper around and they get lucky."
Hedge fund managers often pay the capital gains tax rate rather than income tax. The top rate on capital gains is 20 percent, which is significantly less than the top tax bracket on regular income, which is 39.6 percent.
Trump indicated that he would carry out this plan regardless of his relationship with hedge fund managers.
"Some of them are friends of mine, some of them I couldn't care less about. It's the wrong thing," he said. He added that he wants to lower rates for the middle class...
(Excerpt) Read more at cbsnews.com ...
LOL! There go the pensions!
i approve forcing hedge fund to pay the same rate, but this rate should be lower. So many hedge fund managers are democrats who advocate higher taxes on others, but not themselves
Sounds like he’s trying to get the hitlery voters. Will he go back to supporting single payer socialist care now???
...EXCELLENT...
FEDERAL GIVERNMENT needs Money for the Crony Capitalists...
You cannot support crony capitalism when the givernment is BROKE..
So he wants to impose higher taxes.
Hey Trump, if they’re paying something, they’re paying something!
“So many hedge fund managers are democrats who advocate higher taxes on others, but not themselves”
Eliminating carried interest will hit leftist billionaires such Tom Steyer, Warren Buffett, Soros, Jon Corzine, and the boys at Goldman Sachs hard.
It won’t affect the 20% capital gains rate for the average middle class taxpayer with stocks in her/his retirement portfolio.
Generally I’m not for higher taxes but at least this one might actually reduce some of the millions of dollars progressive billionaires give to leftist political candidates and causes.
Hillary doesn’t care about anything but staying out of jail at this point. The whole financial system is run by sultans of sham. It’s all manipulated and the regular folk get robbed. You never noticed?
Capitalism is an abused term that too often makes excuses for those secured by the taxpayer.
I’ve been a capitalist since I was 16. It sucks. But it’s also awesome. But it’s still a struggle.
I’m not at all interested with commercial investors that exploit the reserves of taxation. They can hang from lampposts — I wouldn’t care.
Flat tax across the board. No deductions - everyone of them has been a camel’s nose under the tent for some shenanigans or other.
The govt spends trillions, is in debt...thats the problem not how much taxes the private sector is not paying.
I wouldn’t care if marxists hang from the lampposts. They created the current financial system. The investors play by their rules.
Tax policy must be coherent that is it considered as a whole and sold to the public as a unified, comprehensive piece that adequately finances the nation while doing it as fairly as possible. Picking out one group ad hoc to demonize and then in the next breath say that you want to reduce taxes for the middle class smacks of demagoguery. Hedge fund operators don't have enough money to fund the government or even to relieve the middle class of some of its burdens. Is this a tendency with Trump, to set one group against another?
I have pointed out the discrepancies between Trump's public statements and what he actually wrote in his immigration paper. There are discrepancies even though Trump's paper is in advance of the other candidates. But we ought to know what it is Trump is selling before we jump on his bandwagon. Similarly, we ought to be very careful of Trump's verbal ad hoc pronouncements, especially about fiscal policy. I think we should await Trump's paper on taxes and maintain a healthy level of skepticism concerning oral pronouncements coming from Donald Trump.
He’s jealous!
He’s jealous! They do get away with murder, but they have cojones, skill, and money Trump could only dream of.
It appears many freepers are in fact socialists to some degree..
Some more other less.. but still socialists..
And actually them and TRUMP are ideological cousins..
No wonder their for TRUMP..
Being a socialist to any degree IS TREASON..
What is the problem with this? Everyone should be paying the same amount. Just because someone makes more money or makes it differently doesn’t mean they should get a discounted tax rate. That said, having a SLIGHTLY higher rate for some of the top % isn’t necessarily a bad itea. Yes, a slippery slope but at some level someone making $50K, $100K, $1M, or $1B a year should be paying slightly different amounts. The $64K question is the right mix so we do not penalize people for being successful.
Or, we set a flat rate at the highest amount and then rebate a certain percentage. One thing I think is very important is that EVERYONE should be paying something. No freeloaders unless they want to give up their vote. Out about that as an idea, must earn income and pay taxes to vote. Freeloaders get no vote as it is not their money they and their elected choices get to spend.
I do not say that he is unpatriotic, I stipulate that man is a patriot. I do not say that he is stupid, he has proved otherwise. I do not say that many of his observations and prescriptions are wrong, I have cited his foresight about the Iraq war.
I simply say that he is not a reliable conservative and we conservatives who are furious at decades of betrayal should be very cautious about a man who so obviously does not share our deepest values.
8. The ways in which a great debt, so constituted and applied, will contribute to the ultimate end in view are both numerous and obvious. (1) The favorite few, thus possessed of it, whether within or without the government, will feel the staunchest fealty to it, and will go through thick and thin to support it in all its oppressions and usurpations. (2) Their money will give them consequence and influence, even among those who have been tricked out of it. (3) They will be the readiest materials that can be found for a hereditary aristocratic order, whenever matters are ripe for one. (4) A great debt will require great taxes; great taxes, many taxgatherers and other officers; and all officers are auxiliaries of power.
9. The management of a great funded debt and a extensive system of taxes will afford a plea, not to be neglected, for establishment of a great incorporated bank. the use of such a machine is well understood. If the Constitution, according to its fair meaning, should not authorize it, so much the better. Push it through by a forced meaning and you will get in the bargain an admirable precedent for future misconstructions.
In fashioning the bank, remember that it is to be made particularly instrumental in enriching and aggrandizing the elect few, who are to be called in due season to the honors and felicities of the kingdom preparing for them, and who are the pillars that must support it. It will be easy to throw the benefit entirely into their hands, and to make it a solid addition of 50, or 60, or 70 percent to their former capitals of 800 percent, or 900 percent, without costing them a shilling; while it will be difficult to explain to the people that this gain of the few is at the cost of the many, that the contrary may be boldly and safely pretended. The bank will be pregnant with other important advantages. It will admit the same men to be, at the same time, members of the bank and members of the government. The two institutions will thus be soldered together, and each made stronger. Money will be put under the direction of the government, and government under the direction of money. To crown the whole, the bank will have a proper interest in swelling and perpetuating the public debt and public taxes, with all the blessings of both, because its agency and its profits will be extended in exact proportion.
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents, and to ensure the part they are to act.
6. But the grand nostrum will be a public debt, provided enough of it can be got and it be medicated with the proper ingredients. If by good fortune a debt be ready at hand, the most is to be made of it. Stretch it and swell it to the utmost the items will bear. Allow as many extra claims as decency will permit. Assume all the debts of your neighbors - in a word, get as much debt as can be raked and scraped together, and when you have got all you can, “advertise” for more, and have the debt made as big as possible. This object being accomplished, the next will be to make it as perpetual as possible; and the next to that, to get it into as few hands as possible. The more effectually to bring this about, modify the debt, complicate it, divide it, subdivide it, subtract it, postpone it, let there be one-third of two-thirds, and two-thirds of one-third, and two-thirds of two-thirds; let there be 3 percents, and 4 percents, and 6 percents, and present 6 percents, and future 6 percents. To be brief, let the whole be such a mystery that a few only can understand it; and let all possible opportunities and informations fall in the way of these few to cinch their advantages over the many.
Rules for Changing a Limited Republican Government into an Unlimited Hereditary One
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
I think the trend in Washington is to mess with tax laws and raise taxes.
How about cutting spending and balancing the budget?
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