riiiiiigggghhhhttttt
and woodrow wilson was only going to take 1% on income over $3k/yr
the damage of this policy would be insane. every wealthy investor would take their profits before the capital gains tax hike is installed thereby dropping the market 20-25-30% which fucks the middle class who don't have massive assets outside of their 401k and stock portfolio. A coordinated effort to implode the economy as suddenly the, ahemm, conservative Boris Johnson wants UK capital gains to rise from 20% to a graduated 28-45%.
Pack your lunch and put your work clothes on and get ready to watch America as you know it disappear. The changes you will see have been happening daily and ignored b/c it wasn't happening to us. Lets start with Bidencare funded thru payroll then Church's taxed with no charitable contributions to be tax deductible and then a knock on your door :think2:
riiiiiigggghhhhttttt
and woodrow wilson was only going to take 1% on income over $3k/yr
the damage of this policy would be insane. every wealthy investor would take their profits before the capital gains tax hike is installed thereby dropping the market 20-25-30% which fucks the middle class who don't have massive assets outside of their 401k and stock portfolio. A coordinated effort to implode the economy as suddenly the, ahemm, conservative Boris Johnson wants UK capital gains to rise from 20% to a graduated 28-45%.
One of my favorite quotes of all time belongs to a Senator from North Carolina circa 1900
"you're talking about taxing only 1% of a man's income, but someday that might be as high as 5%", a classic
Point being, once they have their foot in the door, taxes only go up
Here's another thing liberals don't seem to understand about capital gains. When you tax investments more, you decrease venture capital. And venture capital is very important for businesses to startup, expand, invest and hire people. They just don't grasp the concept of success breeds opportunity. Somehow, they even make success racist. So damn bizarre
And your point is?
actually it was
When the Republicans controlled the house, senate and Presidency they cut taxes and increased spending........calling this fiscally conservative is a joke. There is zero chance this economic plan works for any period of time. To continue it would be a disaster. The republicans are not fiscally conservative and the debt increases more under their leadership.
This is probably too nuanced and beyond something your willing to consider, but who do you think put all the programs that drive the debt there?
The great society programs, medicare/SS/medicaid, obamacare expansion...This pretty much drives all debt growth over time, the increase of the entitlement state.
Which party is more heavily in favor of all of these things or originated them?
