Obama and (Even) Higher Capital-Gains Taxes

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Ive never met a truly wealthy person where someone in their history, the one that came up with the large sums of wealth were not illegal or immoral somewhere somehow. You cant possibly EARM 100,000,000 a year, that's just legal theft from either the stockholder or someone else. If you own your own business, what compensation you get is your business, but publicly held corporations should have a absoluot paycap of 50x average employee wages. And dont give me that BS about who pays your wages, you can say the same thing about the mafia.

Les of AZ 5:30AM April 20, 2009

"oh no! The richest people...."
Obama's definition of "rich" gets lower and lower and lower.
BTW, are any poor people hiring you, or is it the rich?
I see a lot of ENVY. Perhaps while you chose to sit around and take drugs, others chose to take 8 years of college and have a good career. Instead of being envious or coveting, go out and make your own million! It can be done in this country if you aren't taxed too much.

susan of WA 9:31PM November 14, 2008

I'm puzzled by the whole capital gains tax thing. I consider us middle income people; we have investments, sure, but we're not rolling in dough. I am a retired teacher and my husband a government-employed engineer. We paid more tax for 2007 than my entire pension. We were told it was because of capital gains. Was this because our broker was churning our accounts? I don't even know where to go to find out.
I have a financial advisor, but he just makes noise about how glad I should be that I'm making money. (Although it seems to be going away faster than we make it.)
I believe people should pay their taxes. I'd just like to be able to understand what I am paying on.

Mary of OH 3:04PM October 15, 2008

ask yourself this.... " have i ever been hired for a job by a poor man?" you tax our entrepenuers even more ( you know the people who actually take the risk to create jobs) they will take their buisness to a more friendlier atmosphere. oh guess what, china just cut corp taxes. chew on that!

of OH 3:06PM September 05, 2008

What a jackass, an Americans are voting for someone to mak them poorer..

john of LA 11:40PM August 21, 2008

Obama’s agenda of taxation one up's the world's best known redistributionist - Karl Marx. All left-leaners love the second half of Marx’s oft-quoted proclamation “to each according to his need” while conveniently short shrifting the first half “from each according his ability”. If everyone was held accountable for contributing to society to his full potential, uncompromised by addictions, academic underachievement, financial/social/personal irresponsibility then the burden of the second half would be miniscule. Even Marx did not imagine a government where underachievers and reprobates could vote themselves not only their needs but their wants from the income of the productive.

Denise of SC 2:52PM June 13, 2008

Obviously there are posters here who do not understand how economics works.

Rita of TN 9:20PM June 11, 2008

Obama will cause a stock market crash! His ideas on taxation are dumb!
Besides saying in his book,"I will stand with the Muslims," he seems out to
play class warfare games. If elected he will "ruin" our country!

Jay D. of WA 12:41PM June 10, 2008

I've changed my thinking about "rich" people since graduating college and getting a job in the real world. People who are financially stable (rich) are, in most cases, ambitious, opportunistic, motivated, and hard-working. On the other hand, people who are very less than stable financially (poor) are, in most case, waiting for opportunities, satisfied with their current situation, have no ambition to better themselves and hard-working. Notice hard-working is a trait of both which guarantees nothing. It's all about settings goals and succeeding. So why should the "rich" get taxed even more? They build businesses, hire employees, take the risks - they should be rewarded with low capital gains tax rate. (And I use "they" because I am by no means not even close to being rich).

Jon of NC 11:17PM May 22, 2008

I've always hated the class warfare that the Democrats play. They argue for redistribution but (I hope) they don't realize the misery that would happen if all of their dreams came true.
Most of the rich pay for most of the charities that help those that need help. If you tax them on a higher scale they will have less money to donate. People will literally die if you raise the capital gains taxes because discretionary cash will become less. If you tax someone too heavily he will simply take his money to somewhere else. They will not let the money stand by and idle.
Investment by Americans into the stock markets in foreign countries has been rising for years but will go up exponentially if you raise the CG taxes. Think about it for a moment. What would you personally do if you had money to invest but the system stopped rewarding you for risking it?
Sure, people do make large sums, sometimes, but they can also lose large sums just as easily. If there is no incentive to risk then you simply invest it where the incentive is greater.
Rule of life here people. Think with your head and not with your heart. In doing so you do both.

John M of OR 7:54AM May 10, 2008