Letter to Feinstein

[TheBreeze]

So now you’re shifting the argument to capital gain instead? Like FLU said, that’s the way the system work for a very long time. Either find way to succeed with the system or find another system that’ll make you more happy.

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.

And there’s no need for me to find another system. All I need to do is wait for Obama to get elected. With a Democratic majority in Congress and Obama as President, I think the tax system will get changed a might quickly.

After Obama ends the war and increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.

You guys have seen what happens in the housing market when there is too much debt. Why would you want the same thing for the entire country? Don’t you want the U.S. to be a nation that pays its bills?

[an]

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.

…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?

[an]

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.

…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?

[an]

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.

…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?

[an]

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.

…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?

[an]

The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.

…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?

[Raybyrnes]

Raising taxes is anologous to taxing landlords more. All they are going to do is reaise rents to compensate for the higher tax in which case you have essentially burdened those you were looking to help.

250K can be earned in 2 different ways. If you are taking home a W2 then it gets whitled away pretty quicly with taxes. On the other hand if you make 250K as a business owner it means that you probably netted close to twice that amount.

Would anyone argue that the employee vs the business owner are in the same boat?

[Raybyrnes]

Raising taxes is anologous to taxing landlords more. All they are going to do is reaise rents to compensate for the higher tax in which case you have essentially burdened those you were looking to help.

250K can be earned in 2 different ways. If you are taking home a W2 then it gets whitled away pretty quicly with taxes. On the other hand if you make 250K as a business owner it means that you probably netted close to twice that amount.

Would anyone argue that the employee vs the business owner are in the same boat?

[Raybyrnes]

Raising taxes is anologous to taxing landlords more. All they are going to do is reaise rents to compensate for the higher tax in which case you have essentially burdened those you were looking to help.

250K can be earned in 2 different ways. If you are taking home a W2 then it gets whitled away pretty quicly with taxes. On the other hand if you make 250K as a business owner it means that you probably netted close to twice that amount.

Would anyone argue that the employee vs the business owner are in the same boat?

[Raybyrnes]

Raising taxes is anologous to taxing landlords more. All they are going to do is reaise rents to compensate for the higher tax in which case you have essentially burdened those you were looking to help.

250K can be earned in 2 different ways. If you are taking home a W2 then it gets whitled away pretty quicly with taxes. On the other hand if you make 250K as a business owner it means that you probably netted close to twice that amount.

Would anyone argue that the employee vs the business owner are in the same boat?

[Raybyrnes]

Raising taxes is anologous to taxing landlords more. All they are going to do is reaise rents to compensate for the higher tax in which case you have essentially burdened those you were looking to help.

250K can be earned in 2 different ways. If you are taking home a W2 then it gets whitled away pretty quicly with taxes. On the other hand if you make 250K as a business owner it means that you probably netted close to twice that amount.

Would anyone argue that the employee vs the business owner are in the same boat?

[CA renter]

IMHO, it’s the idea that capital is more valuable than productive labor that got us into all this trouble (highly indebted, highly inflationary, decaying society/econony) in the first place.

Either we want to encourage production OR we encourage parasites sucking capital (substitute/means of exchange for production) out of the system so they can hoard it and use it to suck even more out of the productive system.

Suggesting that production should be valued more highly than capital isn’t “socialist” or “communist”…it’s common sense, and taking a long-term view of how our world and future economy can be sustained and made better for our children and grandchildren.

[CA renter]

IMHO, it’s the idea that capital is more valuable than productive labor that got us into all this trouble (highly indebted, highly inflationary, decaying society/econony) in the first place.

Either we want to encourage production OR we encourage parasites sucking capital (substitute/means of exchange for production) out of the system so they can hoard it and use it to suck even more out of the productive system.

Suggesting that production should be valued more highly than capital isn’t “socialist” or “communist”…it’s common sense, and taking a long-term view of how our world and future economy can be sustained and made better for our children and grandchildren.

[CA renter]

IMHO, it’s the idea that capital is more valuable than productive labor that got us into all this trouble (highly indebted, highly inflationary, decaying society/econony) in the first place.

Either we want to encourage production OR we encourage parasites sucking capital (substitute/means of exchange for production) out of the system so they can hoard it and use it to suck even more out of the productive system.

Suggesting that production should be valued more highly than capital isn’t “socialist” or “communist”…it’s common sense, and taking a long-term view of how our world and future economy can be sustained and made better for our children and grandchildren.

[CA renter]

IMHO, it’s the idea that capital is more valuable than productive labor that got us into all this trouble (highly indebted, highly inflationary, decaying society/econony) in the first place.

Either we want to encourage production OR we encourage parasites sucking capital (substitute/means of exchange for production) out of the system so they can hoard it and use it to suck even more out of the productive system.

Suggesting that production should be valued more highly than capital isn’t “socialist” or “communist”…it’s common sense, and taking a long-term view of how our world and future economy can be sustained and made better for our children and grandchildren.

[Author]

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