A Capitalist’s Dilemma, Whoever Wins on Tuesday

[InRareForm]

http://www.nytimes.com/2012/11/04/business/a-capitalists-dilemma-whoever-becomes-president.html

[boutons_deux]

What bullshit.

He didn't mention that the finance sector is buying the top grads in math and physics from all over the planet, taking them out of the Real Economy.

Capital gains taxed at fixed, not regressive, 15% is not a problem for entrepreneurs, but it is a huge problem for the 99% as the 1% use low/avoided/evaded taxes to accumulate wealth into the Wall St casino and offshore instead into productive investments and consumption.

The biggest bullshit of all:

"If the I.R.S. taxes their wealth away and distributes it to everyone else, it still won’t help the economy."

Christensen is nothing but a shill for the 1%.

[Wild Cobra]

How is any of that going to help the big picture Bout?

[RandomGuy]

That was actually one of the more informative articles I have seen here. Interesting, and thanks.

[boutons_deux]

http://i.chzbgr.com/completestore/2009/11/7/129021008687645509.jpg

[RandomGuy]

We should instead make capital gains regressive over time, based upon how long the capital is invested in a company. Taxes on short-term investments should continue to be taxed at personal income rates. But the rate should be reduced the longer the investment is held — so that, for example, tax rates on investments held for five years might be zero — and rates on investments held for eight years might be negative.

Federal tax receipts from capital gains comprise only a tiny percentage of all United States tax revenue. So the near-term impact on the budget will be minimal. But over the longer term, this policy change should have a positive impact on the federal deficit, from taxes paid by companies and their employees that make empowering innovations.

[boutons_deux]

"Federal tax receipts from capital gains comprise only a tiny percentage of all United States tax revenue"

... because the Repugs/VRWC got them reduced to 15% from 35% AND tax avoidance/evasion is rampant among the 1% (eg, Bishop Gecko is outstanding example)

[CosmicCowboy]

good article

[RandomGuy]

good article

Semi-related bit about "dead" cash:

http://www.economist.com/news/finance-and-economics/21565621-cash-has-been-piling-up-companies%E2%80%99-balance-sheets-crisis-dead

No matter who wins the presidency, we will be looking at low growth until these companies start doing something with that pile.

Hopefully they will put it into stuff that makes sense in light of the stuff in the OP article.

[boutons_deux]

good article

iow, "cut taxes on me"