I think that the Buffet Rule is a mistake, yet to say that it is Obama not loving America as he "attempts" to close the income gap is ridiculous.
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- You're correct, there are no successful socialized nations... or lasting communist countries for that matter either. Every time a government assumes control of commerce and tells people it will control and care for their lives... it has failed. But now we have a generation of Americans who somehow believe that the government was intended to provide food, shelter and clothing for everyone. That a college education is a right not a privilege. (I'm not suggesting it's not a RIGHT to be eligible to get one, but rather not a right to expect one.) When I was a kid... parents started saving for their kid's college education with savings bonds right from birth. It made the country stronger because we had the cash to invest... it made life less stressful because people knew if/when/how much college would be afforded or how much would need to be earned. It prevented people from going-out and running up $200K in student loans for an unmarketable degree in basketweaving.
Until people stop believing that the government is going to take care of them and protect them, we will only get weaker.. internally and externally as a nation. When someone is dependent on the government to give them food... do you think they're really in a position to fight to protect their rights? They become sheep and lemmings and fear for anything that will rock the applecart and take away what they depend upon through the belief they are entitled... even if they have never contributed/contributed to the best of their ability. I have seen two and three generations of families grow-up entirely on welfare. I have seen firsthand a woman giving birth to a baby and the father showing-up to demand cash for "giving her a kid" that will entitle her to 18 years of welfare.Apr 21, 2012
- The economy and jobs crashed before Obama took office - yet the "Rich" had those tax benefits. Their job creation ability was not based on the tax benefits they were or were not receiving.
Obama's inability to create a slew of new jobs has to be blamed on the Senate and House's inability to work together. Everything the Democrats tried to do, the Republicans shot down and vice versa instead of compromising and working together.Apr 21, 2012
- I respect your perspective, but I'm telling you that I'm seeing it firsthand.. in the real world, not what mainstream media is telling you. My 34 years in business have included a computer company that did customized accounting systems for small to medium businesses, I consult for Fortune 100 companies on social media strategies, I have friends that work every hour possible to make ends meet, and friends who are on welfare. But the #1 thing I hear from the SMALL BUSINESS OWNERS... they are scared shitless to take-on ANY risk with so much uncertainty and the threat of further government involvement/interference in their businesses.
There is also a huge misperception behind the whole "Who the 1%" are. By definition that's people earning over $340 or $350K. All but a very small % of the people I know in that category are self-made men and women. They are the ones who busted their asses for years to build a small business, consulting practice and finally are enjoying the return on their investment of time and money. They put it all on the line for years.. when someone working "a job" has never had to or chosen to do that. Small businesses create and supply more than 80% of all jobs in the USA. If we create more disincentives than incentives for small businesses... those people will simply take their ball (cash) and go home to care for themselves and their families. America was built BY those people not mega corporations.Apr 21, 2012
- Dan Chay+1Based on my experience working and living in Beijing for 4years, I'd say you're probably better off investing in the US at 35-40% capital gains (an exaggeration I'd expect of you considering that Obama is calling for a maximum rate of 20% up from 15% and you seem prone to exaggeration) than China at "15-20%" because I expect you don't have the understanding of Chinese nominal numbers to put them into proper perspective and furthermore I expect you lack the guanxi to keep from completely losing your investment. Your fear of socialism is bizarre to me although I know many right-wing ideologues who seem to share it. Btw, it seems I've also been a self-employed businessman for longer than you. You need to mix with a more diverse bunch of businessmen, I'd say, because many of us are grateful for Obama's effort to rein in the impossibly exploding, double digit, exponential growth in health care costs characteristic of the previous 20 years. Indeed, I'm afraid that if Republicans kill Obamacare as they did Clintoncare in the 90s and as they so hard are trying to do, that will be an unprecedented disaster.Apr 21, 2012
- No offense, but it seems that you didn't address any of my questions or concerns and instead repeated the usual straw men that just seemed to be based on fear.Apr 21, 2012
- The Buffet Rule has nothing to do with big business. While I find it to be a misguided attempt at placating main street in order to get votes. Capital gains tax is a second tax on income. Income that has been taxed, invested, turned a profit and subsequently taxed again. 15% is a fair number. Even if passed it would do little to close the income gap or improve the deficit. What we need is a complete overhaul of our tax system as well of the way the federal government spends.Apr 21, 2012