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thanks for the reply
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You are standing in the middle of the street. There is a shoe store on your left and one on ther right. One store have 20% off everything. Another store have 30% off everything. Which store gets your money? 30% off right. This is what the tax rate is about for THE RICH. They have the money, they will invest it. They will ALWAYs invest it in the store that has the biggest sale on $. China store, India store, etc. USA needs to have the biggest sale on money so we get ALL the business.
Idiot. IF THE RICH CAN PUT THEIR MONEY IN THE STOCK MARKET AND GET 0% Cap Gains..The rich will put MORE of their money in the market BECAUSE THEY WILL GET “RICHER” “EASIER” there. Comps from McDonalds, to Sears, MFA Oil, State Farm,and others will have huge amounts of cash flush in from all over the world. That “trucker” now has 5 new co workers.
The idea is Rich people have $… how can we get them to want to put money in the ecomomy instead of a tax shelter over seas? RAISING TAXES?
I think he is the only cause. They have been spending like crazy in Washington and doing things that make no economic sense. I put a big hunk of blame on him for the housing bumble crash that was a huge part of the recent down turn. If he efforts to get everyone into home ownership, millions have lost their homes.
some people are convinced that barney frank is the # 1 cause of the financial collapse..is this true
HAHA. We created more wealth with the tax.
So you are blasting conservatives for the thought of reducing taxes now? Did you just forget that this great nation has CREATED more wealth (a God thing that godly people tend to do) and opportunity than any other in history WITH NO INCOME TAX!? Oh, I get it…you know better than all that. Your class-warfare tax-the-rich gig is better, eh? Ever work for a poor man, you imbecile? Ever SELL anything to a poor man? You commies use the worst parts of human character to keep mankind down…
So you are blasting conservatives for the thought of reducing taxes now? Did you just forget that this great nation has CREATED more wealth (a God thing that godly people tend to do) and opportunity thatn any other in history WITH NO INCOME TAX!? Oh, I get it…you know better than all that. Your class-warfare tax-the-rich gig is better, eh? Ever work for a poor man, you imbecile? Ever SELL anything to a poor man? You commies use the worst parts of human character to keep mankind down.
You idiots that have been commenting, I have just a few simple things to tell you. One. Cenks views are low because the country is filled with brainwashed morons like yourselves. Two. Have any of you EVER taken ANY kind of economics class, let alone paid attention to anything in history? Three. Look at the obvious. Look at FACTS. Even currently…let’s just say for the sake of keeping your simple little minds in the argument that the republicans had a good idea. Well, it OBVIOUSLY didn’t work.
that’s pretty much what I said. however, the death tax should be eliminated as well.
the capital gains tax is what the gop should be trying to eliminate not the freaking estate tax no one pays the estate tax. tons of people pay capital gains even poor or lower middle class Americans end up paying it at least once (mainly selling their homes) capital gains elimination means billions into the economy estate tax elimination mean pennies into the economy
This guy is delusional. It wasn’t the tax cuts that caused the recession, it was government spending too much, the fed artificially keeping interest rates low and mortage giants Fannie and Freddie giving loans to people who obviously couldn’t pay them.
how about a sin tax on whatever the hell this fat freak is eating?
this guy is a fucking moron. when capital gains taxes are cut, government revenue goes up. 100,000,000 americdans have money in the stock market you idiotic freak. this is why you have 9000 views. you’re a fucking dolt.
I have no problem with corporate tax cuts as long as I get mine too! Flat tax 15% end of story… and even that’s too high!
@Chaarge but remember Norway’s primary source of income is exporting natural resources while both Hong Kong and Switzerland have nothing and yet they are as rich as they are…imagine if taxes were less in Norway people would be even richer…
i would support the 9% tax cut only if the corporations were Forced to use that money to hire people
I think there has to be more to the economy that high/low taxes to be honest. History shows this. There are countries that are super strong economies(hong kong, switzerland), where government makes plenty of money, and they have almost no taxes, but there are also countries with higher taxes that are doing really well (like norway). I’m mostly for low taxes, but at this point in time, I honestly don’t know. theory says one thing, practice points to something else…
Cutting corporate taxes does little to boost the economy. The only way to entice companies to invest & expand it to increase demand. If demand isn’t there, companies will not take the risk. We might see some investments because companies will have a higher profit margin BUT, those investments will be short lived because they aren’t backed by demand.
So whats the best way to increase demand via tax cuts?
Give them to the mid class & lower who make up 95% of the consumer base, not the top 5%.
Republican ideology = “sucking corporate dick is good!”
The facts are there is over 17 trillion dollars held by U.S. citizens in offshore banks and if capitol gains was $0, even for one year much of that money would be brought back into the U.S. Any rational thinking person understands this, not sure why Cenk does not!
your point is moot anyway because history shows than when capital gains tax is reduced government earns more revenue…but lets analyze this in detail..
republicans reduced tax when the economy was doing rather well…which led to to inflation and the chain rection
TAX REDUCTION is govt’s way of saying that go ahead give the corporations more money so they make more products and hence more jobs……what you are doing is important but when you are doing is equally as important..
Really? the only categories they lead in is inepptitude, non creation of economic health, unemployment rates and spending everyone else’s money thus the deficit. What school did you go to?
Super Exotic Cars
Even Karl Marx believed in 0% capital gains tax…but you wouldn’t know that because stupid people don’t know they are stupid.This is a capitalistic economy. I know you like socialism and that’s fine. Go live somewhere where it works…I know there aren’t that many places because socialistic counties don’t last very long,,,Cause it doesn’t work. Look at what does work, pragmatically, (have someone look it up) not what you feel might work. The road to hell is paved with good feelings..