He's so far left... he's right-wing

Think about it...

OlafTheBent: He's so far left... he's right-wing

Think about it...

he's a LIBERAL FASCIST!

China stopped being a communist state 20 years ago.

In communist China, tax pays YOU.

nekom: In communist China, tax pays YOU.

Really now Wang Chung? Get back to the assembly line and don't ever ask for another pee break again, you filthy dog!

submitard is soooooooo full of fail, yet beaten mercilessly by Flab

\\China has no capital gains to tax

Maybe you guys should read up on the history of capital gains taxes.

The Reform Act of 1986 repealed the exclusion of long-term gains, signed by "savior Republican" Ronald Reagan.

But communism is just a blend of socilism and fascism, right?

Or, wait. Maybe socilism is a blend of communism and fascism.

What is it that libs are again? I think socilists? Or is it fascists?

Is it socilism and communism that make fascism?

Damn I can't keep these straight.

cretinbob: \\China has no capital gains to tax

Nicely covered

I don't see the big freakin deal is about raising the capital gains tax.

Honestly if my neighbor makes his money by flipping houses and makes the some income I do why should he pay 15% and I pay 30%? Does that seem right to anyone?

/except of course he pays nothing this year.

EvilEgg: I don't see the big freakin deal is about raising the capital gains tax.

Honestly if my neighbor makes his money by flipping houses and makes the some income I do why should he pay 15% and I pay 30%? Does that seem right to anyone?

Because it doesn't really hit as many house flippers as it does investors. I'm not sure with the markets tanking and banks struggling we want an disincentive to investment. Increase in value in capital is, I think, conceptually different than earned income, but reasonable minds can disagree on that.

Flab: China stopped being a communist state 20 years ago.

That, basically.

Chinese communism is not exactly Karl Marx. In fact, sometimes its more Harpo Marx. Chinese and Russian communist/post-communit eras have a lot of communism, but mostly they were simply about party power...not economic control.

I_C_Weener: Chinese communism is not exactly Karl Marx. In fact, sometimes its more Harpo Marx. Chinese and Russian communist/post-communit eras have a lot of communism, but mostly they were simply about party power...not economic control.

Indeed. Mao is probably spinning in his grave right now, but the Chinese have played the global capitalism game very well the past two decades, but the state reaps all the benefits. They are still an authoritarian state with a dismal track record on human rights and environmental policies.

holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

You sound like a commie.

FlashHarry: they just throw those words out to scare the ignorant.

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

Fascist!

This is a trend on the right, to compare our tax system with China's and say we should be more like them. Not only regarding capital gains, but regarding corporate tax too. I heard some AM radio twit say the same stuff last evening. Don't know her name, but I know she has an annoying voice.

Conservatives tell America: We should be more like Communist China.

That should be the headline every time they say this stuff. Stating the facts should embarrass them right quick.

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

(*ahem*)

There are two gentlemen wearing dark suits and sunglasses outside waiting to see you...

EvilEgg: I don't see the big freakin deal is about raising the capital gains tax.

Honestly if my neighbor makes his money by flipping houses and makes the some income I do why should he pay 15% and I pay 30%? Does that seem right to anyone?

Cause earned income is so much less work and contributes so much less to the economy than passive income, duh!

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

China is not a communist country.

Obama is a right-wing protofascist, if the sheeple would bother to open their eyes they would see the truth. In any other government worldwide, he would be a part of the 'Fascist' party. Right along with anyone else in DC other than _maybe_ Kucinich.

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

The talk box says Obama is a secret muslin athiest facist socialist cult leader who wants to hand out welfare jobs to furriners and ship 'murkins to his chinese ACORN overlords. All of those things are bad, and Obama does and is all of them at the same time. Therefore Obama is the worst contradiction ever.

Nabb1: Because it doesn't really hit as many house flippers as it does investors. I'm not sure with the markets tanking and banks struggling we want an disincentive to investment. Increase in value in capital is, I think, conceptually different than earned income, but reasonable minds can disagree on that.

We talk about incentives to invest, but what does that really mean? If your money man puts together a portfolio and says that while you could have gotten a 9% return under Bush tax policies, but now you can only expect a 7% return, is there even an iota of risk that you're going to look at that and say "nope, back in the mattress with you, money."

It strikes me that as long as people can find an investment that beats inflation on average, they're going to invest everything that can be reasonably invested in it. And if you can't beat inflation, you'll still buy treasury bonds or something else to at least hedge against inflation. I cannot logically find the point where people would see the best money making investment they can make and yet not make it because the taxes are too high.

Nabb1:
Because it doesn't really hit as many house flippers as it does investors. I'm not sure with the markets tanking and banks struggling we want an disincentive to investment. Increase in value in capital is, I think, conceptually different than earned income, but reasonable minds can disagree on that.

Most people don't have enough savings to plausibly hold much of it in non-tax-deferred accounts (and when it comes out of those accounts, it is treated as income, not capital gains). Between an IRA and a 401(k), one can save a pretty good chunk of change from capital gains tax.

The only way I'd support a decrease in capital gains is if it were tied to a massive increase in the inheritance taxes. Carnagie had it right - dynasties should not be an American institution.

Can we stand in front of a tank here?

China is just like America. What works there will work here. Run with that.

The only thing I know about communism is that that's what I call everything I don't like politically.

Nabb1: I'm not sure with the markets tanking and banks struggling we want an disincentive to investment.

Getting rid of the capital gains tax right now would just encourage short-term selling -- i.e., virtually all investments are losing money overall, not having to pay capital gains would just make it more attractive to buy a stock in volume and dump it two days later when it goes up 1/8. That kind of speculative volatility would wreak havoc in a market like this one.

vernonFL: China is not a communist country.

Whoa whoa, get out of here with your facts!

/in a society that until recently was spending 105% of their income.

//makes perfect sense.

HotWingConspiracy: China is just like America. What works there will work here. Run with that.

Infanticide Carts! Oh, fantastic!

/we won't just have "prom night" dumpster babies anymore!

Milkbeer: Obama = Mugabe

Yeah, just look at our inflation rates:

Nov 2008: 1.07%
Dec 2008: 0.09%
Jan 2009: 0.03%

It's skyrocketing out of control, I tell you!

Man, I remember when investment was crippled in the 90s with the high capital gains tax. It was horrible.

At least Hillary and Co. know the human rights situation in China nowadays isn't a pressing issue.

/threadjack!

Edsel: Yeah, just look at our inflation rates:

Those are 'new' inflation numbers based upon some juggling in the 1980s to make the government look better.

Link (new window)

FlashHarry: holy fark. does anybody actually know what "communism" and "socialism" are anymore? or do they just throw those words out to scare the ignorant?

The right wingers have no clue what words mean they just make crap up to fit their world view.

Edsel: Nabb1: I'm not sure with the markets tanking and banks struggling we want an disincentive to investment.

Getting rid of the capital gains tax right now would just encourage short-term selling -- i.e., virtually all investments are losing money overall, not having to pay capital gains would just make it more attractive to buy a stock in volume and dump it two days later when it goes up 1/8. That kind of speculative volatility would wreak havoc in a market like this one.

I don't think it should be done away with altogether. It is still a form of income. I'd say hold it steady and revisit the issue in a few years when our financial picture is hopefully looking better.

bulldg4life: Man, I remember when investment was crippled in the 90s with the high capital gains tax. It was horrible.

You were probably in grade school. I doubt you were paying any attention to investments beyond your piggy bank.

Shaggy_C: Obama is a right-wing protofascist, if the sheeple would bother to open their eyes they would see the truth. In any other government worldwide, he would be a part of the 'Fascist' party. Right along with anyone else in DC other than _maybe_ Kucinich.

And Feingold.

But "Fascist" in this context is hyperbole. The Democratic party in America is a center-right party relative to the global political spectrum, and the Republican part is a right-far right party. Feingold and Kucinich, who are considered moonbat left wingers in America, are center-left relative to the rest of the world.

The Republicans aren't as far right as, say, the Saudis, but some, like Michele Bauchman, are within spitting distance of that.

Actual socialists haven't been around in America for a very long time; Feingold and Kucinich are much too conservative to be in the same party as European socialists.

Shaggy_C: Those are 'new' inflation numbers based upon some juggling in the 1980s to make the government look better.

Link (new window)

And according to you the money we owe to social security doesn't "count" as part of the national debt.

Shaggy your track record on economic insight is not that great.

Lumi: This is a trend on the right, to compare our tax system with China's and say we should be more like them. Not only regarding capital gains, but regarding corporate tax too. I heard some AM radio twit say the same stuff last evening. Don't know her name, but I know she has an annoying voice.

Conservatives tell America: We should be more like Communist China.

That should be the headline every time they say this stuff. Stating the facts should embarrass them right quick.

Laura Ingrahm. I heard her calling for that too, like China, with millions out of work, is the best economic model for us to follow right now.

he wants to raise capital gains taxes

Good. Income is income. We shouldn't treat the trust fund babies and Wall Street mavens any different than the unwashed masses.

Nabb1: You were probably in grade school. I doubt you were paying any attention to investments beyond your piggy bank.

Yeah, people who weren't adults (or weren't alive) during any time period in history have no possible way of knowing what it was like. That's why no one knows anything that happened before the 20th century.

Nabb1: I'm not sure with the markets tanking and banks struggling we want an disincentive to investment

In Communist China, the purpose of the tax system is to "create incentives."

It's funny, I thought that in God-fearing America, the purpose of the tax system was to pay for essential government services. But if you ask conservatives, we only have taxes so we can cut them in order to "grow" the economy. It's as if they really want taxes!

MyrnaMinkoff: Nabb1: You were probably in grade school. I doubt you were paying any attention to investments beyond your piggy bank.

Yeah, people who weren't adults (or weren't alive) during any time period in history have no possible way of knowing what it was like. That's why no one knows anything that happened before the 20th century.

I was teasing him. I'm sure he can take it.

Nabb1: I was teasing him. I'm sure he can take it.

Teasing??? On FARK?!?!?

vernonFL: China is not a communist country.

The CIA World Factbook disagrees with you: Government type: Communist state