I own land which is next to impossible to sell these days but I am in for the long run as most of it I have bought the last 2 years at very good prices.
Now let me appeal to the reason and common sense of you folks:
1. The capital gains tax is now at 15% and with the economy very bad how would a rise in the capital gains tax to past rates of 30% help the economy? If the tax rate goes up then the PROFITS go down for investors that risk their capital. They will NOT invest it because the RISK goes up with the higher tax rates. Same with all investments.
2. If we raise the tax rates what wil government do with the $? Pay down the debt with that $. LOL, HAHAHA, sure right! They will continue to FUND the programs they have now INTSTEAD OF CUTTING THOSE PROGRAMS.
Taxes are not the problem. SPENDING IS THE PROBLEM and lack of investment in the economy is the problem. The more you tax investors with capital the less those investors put at risk their capital.
And it is investment capital that fuels the economy and creates jobs.
Now let me appeal to the reason and common sense of you folks:
1. The capital gains tax is now at 15% and with the economy very bad how would a rise in the capital gains tax to past rates of 30% help the economy? If the tax rate goes up then the PROFITS go down for investors that risk their capital. They will NOT invest it because the RISK goes up with the higher tax rates. Same with all investments.
2. If we raise the tax rates what wil government do with the $? Pay down the debt with that $. LOL, HAHAHA, sure right! They will continue to FUND the programs they have now INTSTEAD OF CUTTING THOSE PROGRAMS.
Taxes are not the problem. SPENDING IS THE PROBLEM and lack of investment in the economy is the problem. The more you tax investors with capital the less those investors put at risk their capital.
And it is investment capital that fuels the economy and creates jobs.