Why do you feel entitled to other peoples money?
If you punish people for investing like the left wants to do all the time by raising the tax on capital gains
those that have money will not invest....
"
If you punish people for investing like the left wants to do all the time by raising the tax on capital gains
those that have money will not invest...."
Sure, THEY'LL JUST PUT IT UNDER THEIR MATTRESSES RIGHT? lol
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
These Charts Show There s Probably No Correlation Between Tax Rates and GDP - Business Insider
Capital Gains Tax Rates and Economic Growth (or not)
If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com),
you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong
Capital Gains Tax Rates and Economic Growth or not - Forbes
Successful Americans didn't make their money themselves. They conducted business in an ordered society with roads and laws and a military that defends it from foreign invaders and they hired people. Nobody wants YOUR money, they want the share they contributed to it
Benjamin Franklin, Founding Father, American diplomat, statesman, and scientist; letter to Robert Morris, December 25, 1783:
"All the property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of:
But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it."
Do you see THIS.....
Google Maps
See the big white thing in the middle of the image?
THAT represents a wealthy person giving back to his community.
The person the paid for this did so when he heard the town needed an indoor rec facility for the winter months because kids needed a place to practice and have contests.
So he donated the land and PAID FOR the entire facility. The dome can fit two full soccer/football fields. And is almost 80 feet inside height at the center. I have been inside. it has three softball fields one baseball field. one football/soccer field.
The only string attached was that the facility could not be closed or the l;and sold for a set period of time.
AND? LOL
You wing nuts are STUPID
I do not know which makes a man more conservative — to know nothing but the present, or nothing but the past. John Maynard Keynes
Conservatives simplistic minds
If you are rich it is because of your merits. If you are poor its because of your faults.
Why Thomas Jefferson Favored Profit Sharing
By David Cay Johnston
The founders, despite decades of rancorous disagreements about almost every other aspect of their grand experiment, agreed that America would survive and thrive only if there was widespread ownership of land and businesses.
George Washington, nine months before his inauguration as the first president, predicted that America "will be the most favorable country of any kind in the world for persons of industry and frugality, possessed of moderate capital, to inhabit." And, he continued,
"it will not be less advantageous to the happiness of the lowest class of people, because of the equal distribution of property."
The second president,
John Adams, feared "monopolies of land" would destroy the nation and that a business aristocracy born of inequality would manipulate voters, creating "a system of subordination to all... The capricious will of one or a very few" dominating the rest. Unless constrained, Adams wrote, "the rich and the proud" would wield economic and political power that "
will destroy all the equality and liberty, with the consent and acclamations of the people themselves."
James Madison, the Constitution's main author, described inequality as an evil, saying government should prevent "an immoderate, and especially unmerited, accumulation of riches." He favored
"the silent operation of laws which, without violating the rights of property, reduce extreme wealth towards a state of mediocrity, and raise extreme indigents towards a state of comfort."
Alexander Hamilton, who championed manufacturing and banking as the first Treasury secretary, also argued for widespread ownership of assets, warning in 1782 that, "whenever a discretionary power is lodged in any set of men over the property of their neighbors, they will abuse it."
Late in life,
Adams, pessimistic about whether the republic would endure,
wrote that the goal of the democratic government was not to help the wealthy and powerful but to achieve "the greatest happiness for the greatest number."
http://www.newsweek.com/2014/02/07/why-thomas-jefferson-favored-profit-sharing-245454.html
Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory
The conclusion?
Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.
This paragraph from the report says it all—
“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”
Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study - Forbes