Water Cooler

Obama and the "Hood"

65.218.140.58

So when pressed Wednesday evening about his capital gains position, Barack jumped into it full force... essentially stating that its better to take money from the rich and give to the poor than optimizing the tax system to generate the most revenue. Gibson questioned Obama's plan to increase capital gains on my investment, when total revenue from capital gains has increased when the CG tax rate has dropped to 20% and again to 15%, under Clinton and Bush presidencies. I wonder what bank presidents he is beholding to: if CG tax rate goes up - more individuals will escape the investment and real estate markets and start putting more money into interest baring accounts. I payed $600 taxes on my GC on Tuesday - it would double with Obama's Change. That $600 increase would be better spent covering my increased fuel cost.
Obama is the new Robin Hood, take from those individuals that have accomplished something and give it to those you have not. He even has his band of Merry Men, Friar Tuck Rev. Wright, William "Scarlett"(UIC colors) Ayers, Little (not John) Teddy Kennedy.... A band of thieves and hooligans that plan to destroy the structure of what makes our country great and free, in the name of fairness and lost opportunity, and .... Change.
Sorry, Not on my watch.

Edits: 04/18/08

Follow Ups:

Don't you know? "It's not about money; it's about fairness." Who cares if... - clarkjohnsen 09:22:30 04/19/08 (0)
I did find it interesting - kavakidd 18:05:27 04/18/08 (1)
- Of COURSE it's not about revenue ... - halfnote 20:02:59 04/18/08 (0)
An interesting take on this from MarketWatch.com - andy_c 16:45:28 04/18/08 (1)
- Obviously - they haven't studied - kavakidd 21:22:34 04/18/08 (0)
"Gibson questioned Obama's plan to increase capital gains on my investment" - dave c 14:18:36 04/18/08 (0)

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