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Some serious trigger response to a non-hostile question about capital gains, and not an answer.
They all have the same problem we have with escalating cost.
Some serious trigger response to a non-hostile question about capital gains, and not an answer.
Yes, there is a serious risk/reward with investing capital. It's not like some investment fairy automatically gives you a return. Decrease the reward with the same risk, decrease the incentive to invest.
So what, you're gonna just put cash in the mattress because keeping only 70% of earnings you might make isn't worth the risk? You're gonna go get a second job instead?
Decrease the reward on a specific investment category, and sure, people will move investments elsewhere. But an across-the-board reduction through a cap gains tax increase isn't going to suddenly disincentivize investing as a way to increase wealth.
You could take 100% of capital gains and it still wouldn't pay for universal medicare.
Do you realize how much more money over the years, one makes not giving up double in taxes to the government and instead re-investing or speculating (say in bitcoin since some of you can't stand it) adds up to?
Capital gains at 15% encourages long term investment (or vice versa - depends on how you look at it). If they taxed long term capital gains the same rate as short-term (at ordinary income rates), I would guess that no one would be incentivized to keep assets for a long time and there would be much more volatility in the market - people would be more likely to buy and sell (day trade - since there's no incentive to hold long). If this were to happen, I would put all my money in rental houses, depreciate against my ordinary income and never sell (let the houses appreciate) and pass them on a stepped up basis to my kids - in essence, never pay taxes on that gain. Not to mention what that would do to real estate prices (drive them up further).
This will NEVER pass (by either Republicans or Democrats) - neither their donors or they themselves (seeing as most of them are rich and this would greatly affect them) would go for that.
It’s gonna be fun watching you move those goalposts from one end to the other.
How much does it cost everywhere else compared to here, CC?
please, I'll make roughly $325k this year (which goes a loooong way in Dallas when you don't have a wife or any kids). You're not the only rich person on this site.
Last edited by Will Hunting; 11-11-2018 at 07:57 PM.
Sure, but subtract the $1+ trillion we currently pay for health care, and cut the waste from the military budget, and I'm confident we can find a way to make it work.
Why is it none of these other countries have issues paying for healthcare yet you're so convinced that it would be an out of control cost here?
lol we aren't getting single payer
Democrats wouldn't even support a public option
They do not have the high cost of education - both undergrad and graduate. Nor do they correspondingly reward/pay them the way the US does. Nor do they have the legal system (prone to suing at the drop of a hat) that we do. Good luck taking on the educational, medical and legal systems. And hopefully, you guys can reconcile $15 minimum wage with specialists' wages and still keep those costs under control.
Yeah lowering the cost of education is something that can easily be and should be done.
Ill await proof that America’s medical malpractice laws are significantly more stringent than countries with single payer. There’s more lawsuits in America because American doctors are tier and up more often.
Basically the answer to this question is going to be "Because America also does all of these other things that I, as a conservative, don't like."
How do yoy propose doing this?
With respect to practicing medicine? That’s easy. Decrease the amount of education that’s needed and the time said that education takes.
You can have that doctor. I'll keep mine, thanks.
I'll loan you my wife and kids so you can see how the other half lives.
So you think that American doctors who are ALREADY " tier and up more often" should have less education and that'll bring them up to the standard/level of doctors from countries with single payer?
Forget about bringing the tier American docs up to the single payer's doctors level - just give the new ones less education so that we can lower how much paying for their education will cost. Let's move on to pay - how do you tell specialists who are now earning hundreds of thousands of dollars that they have to accept 1/3 to 1/2 of what they earn now. Do you FORGIVE all their college/med school debt? How do you force the current specialists to work under single payer - pull their license if they don't? How do you stop them from going concierge?
I think single payer motivates doctors to focus on the right stuff. Under single payer doctors don’t benefit from having patients who have 10 different ailments, 20 different prescriptions and multiple annual surgeries the doctors in America do. In our current healthcare system doctors effectively benefit from having unhealthy patients.
That was because of that got lieberman. Besides we needed 60 votes then and I think you need only 50 now like with the tax plan which passed and the repeal attempt
Yeah, they can just let them die and get their 10 o'clock tee time.
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