Posted on 09/14/2024 5:46:54 AM PDT by ChicagoConservative27
On Friday’s broadcast of the Fox News Channel’s “Your World,” Harris-Walz Campaign Senior National Spokesman Ian Sams argued that 2024 Democratic presidential candidate Vice President Kamala Harris has proposed increasing capital gains taxes so there’s “an incentive so that people can continue to invest in the entrepreneurship that makes this country great.” And responded to charges that hiking the rate will discourage investment by stating that “I thought maybe people would say, well, President Biden proposed going all the way up to 40% and she’s proposing going to 28%.”
(Excerpt) Read more at breitbart.com ...
Your purse, madame.
Oh, my wife of foreign citizenship handles the investments.
Less evil is better than more evil, but it is still Evil.
Why bother raising taxes when you are inflating everyone’s money away?
Most of the government budget is covered by borrowing money in to existence.
They create money by the box car load, taxes are piffle.
Oh, I send the profits to my relatives in India. I’m too busy keeping up with medicine.
Any increase in capital gains taxation hurts, and discourages further investment of capital. Essentially, this leads to capital starvation, and largely shifts capital money to lenders, not investors. Money loses much of its velocity, and this is essentially a contraction of money supply.
Which the Federal Reserve responds to by increasing the “supply” of more money, essentially substituting bad money for good money. Gresham’s law is a monetary principle stating that “bad money drives out good”.
At that point, there are no good options.
“Capital Gains Tax Hike”
“28%”
The 28% is the Democratic corporate income tax rate the ‘rats want.
Those are two different things being talked about if they were the same.
Industrial financing pretty much has to be done by banks who might simply have the machinery carted away unless the return on the investment is paid.
FDR’s Brain Trust decided that unions were the way to get effectively take over private enterprise without having to buy out the shareholders.
Consider Boeing and the IAM strike despite a 25% over four years pay offer.
“no good options”
armchairs, glasses of wine and cans of beer, good friends
People always respond to the government stealing more of their money by working harder, working longer hours, and taking more risks. Nothing is too good to help out old Uncle Sugar.
until the productive citizens start going Galt.
This is what happens when the stupidest people (politicians, those who could not exist in the real world) come up with a plan to steal more money for their pet products to save humanity (well at least their bank account)…
First, if you tax something, you get less of it. Tax it more, and you’ll get even less.
Second, Harris wants to do something never before done, to (unconstitutionally) tax UNREALIZED capital gains. So the rate almost doesn’t matter, she will kill the incentive to invest long term in ANYTHING, but especially in something risky (which is where you get your biggest payoffs). Right now (and for all of US history), you only pay tax when you sell something, not every year - when you don’t have the cash from the investment itself to pay the tax. People either will have to pay the tax with other cash assets (meaning less investment in other assets), borrow the money to pay the tax (making people both less creditworthy and increasing their overall risk profile), or they will simply invest in less things to begin with - thus starving investment overall.
Only a Communist could propose this kind of tax, a Communist with her few, alcohol-soaked, brains stuffed where the Sun don’t shine.
"Consider Boeing and the IAM strike despite a 25% over four years pay offer."
Yes, right out of Gramsci's Prison Notebooks, or even pre-Prison Notebooks, when Gramsci hoped that the Labor Unions of Northern Italy (pre-Mussolini) would transform Italy into a Socialist state. Lenin and Trotsky criticized Gramsci for moving too slow. I agree with Gonzales and Cornell-Gorka that "What Gramsci wrote in the Notebooks forms the basis on which today's NextGen Marxism is built."
NextGen Marxism, What It Is and What To Do About It.
by Mike Gonzales and Katherine Cornell Gorka Copyright 2024, Encounter Books.
What the hell does spox mean?
BTTT
This just in, a joint study conducted by the Comrade Harris campaign and NASA proves the moon actually
is made of green cheese.
Our economy is in the crapper due to actions of Biden and Harris, so her solution is to raise taxes again.
The fire isn’t big enough. Need more gasoline.
I WILL ONLY BEAT YOU FOR 10 MINUTES INSTEAD OF 30 MINUTES.
“spox” = spokesman or spokeshole, whichever you prefer.
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