Such big words for a guy, who probably doesn't know what a capital gain really means, here look at the numbers http://www.taxpolicycenter.org/taxfa....cfm?Docid=161 Now look at the years leading up to 2007, notice the increase, and look at the 1977-87 years too. Now look at GDP for the same years http://www.usgovernmentdebt.us/spend...ct_GDP_History
. See the slight dip in the 80's before Bush Sr. raised taxes on capital gains. And now look at the difference in Gdp when the tax was lowered and stayed low. We do have to make huge cuts to defense especially, the US spending 41% of what the ENTIRE WORLD SPENDS ON "defense" it does nothing but bog us down and screw us and everyone else over. As for me hating America, My grand father died in WW2, I couldn't serve so I went and drove a truck in Iraq for 2 yrs just so I could feel like I actually did something, sucks when you come under fire and don't have the equipment to defend yourself and have to completely depend on the Military forces to defend you. They are well trained brave people I have a great deal of respect for, too bad our representation does not. Romney will be worse about that then bush ever was, atleast Obama lets us go after the enemy that attacked us and doesn't place troops in the line of fire for personal gain like Bush and Chaney did. If you every said what you typed to my face mr bloe, I would applaud your balls even if you have no brains. If you can not look at the world and hold your country, you know the one that makes the most money out of all of the 100+ countries, and compare it to them without hating it then you must be a very small minded individual. If we as a nation can't look around and get our head out of the sand, or our asses, then we are all truly fucked.
Originally Posted by thewaywordfucker
You can say anything. No one knows if you drove a truck in Iraq or if you spent those two years running a snowcone stand. If you did go to Iraq, that's admirable. You say America uses it's military to screw everyone else over; I don't agree. That's a simplistic assessment and it's consistant with someone who has an animosity towards the country.
As imperfect as our military actions have been, America's military has been a powerful force for freedom. If America had not stood against the former Soviet Union, they would have certainly taken over Europe and possibly the world. The day is coming soon, when America will no longer be the world's only superpower. When that day comes, the vacuum left behind, will be filled by China and Russia. The world will soon discover what it's like to be left to the tender mercies of the Russians and the Chinese. It's going to be a dark age.
I don't claim to have any expertise in economics. I do understand that the capital gains tax is unfair because it taxes income that has already been taxed, and discourages saving and investing. By eliminating the capital gains tax, it stands to reason that people would be more likely to invest instead of consume. This would provide the capital necessary to grow the economy. It seems like common sense to me. As far anyone having a definitive answer, regarding the merits of the capital gains tax, no one does, certainly not you or me.
If all economists were laid end to end, they would not reach a conclusion.
George Bernard Shaw
Irish dramatist & socialist (1856 - 1950)
I'm guessing the real brainiacs in economics are probably not posting their opinions on whoremonger forums.
PS
Immediately after writing that I have no brains, you wrote the following: "If you can not look at the world and hold your country, you know the one that makes the most money out of all the 100+ countries, and compare it to them without hating it then you must be a very small minded individual." That sentence makes absolutely no sense what so ever. It's probably not a good idea to accuse others of having no brains when your intelligence is obviously very limited.