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<blockquote data-quote="bbsam" data-source="post: 688770" data-attributes="member: 22662">Re: Obamanation here todayWow.&nbsp; Brett, what a load you&#039;re spreading today.&nbsp; The precedent you speak of is the same old tired line the republicans have always pulled out about any taxes.&nbsp; Lower any tax, they say, the coffers will overflow with new economic activity and thus tax revenue.&nbsp; More trickle down hooey.&nbsp; Now with capital gains, would that theory only work in the scenario where the stock market continued an amazing movement upward like we&#039;ve had over the past 100 years?&nbsp; So when the market tanks, the tax revenue becomes non-existent and helps to add to the deficit.&nbsp; In the past few years we&#039;ve seen the catastrophe of that mindset.&nbsp; Not only is the tax revenue gone, the empires of Wall Street are brought to their knees and the tax payer is left with the bill.&nbsp; Oh, those poor investment bankers!&nbsp; Now that is what is called Corporate Welfare, but they call it TARP, &quot;To Big toFail&quot;.&nbsp; &nbsp;And on a more personal note:&nbsp; I have no hatred, nor do I see as &quot;evil&quot; people with more than I.&nbsp; You obviously have me lumped in with some crowd that you place a tag on.&nbsp; In fact, I have done quite well thus far in life and am not inclined to stop now.&nbsp; But to look at the past 30 years of economic and tax policy and suggest that it&#039;s all right and that &quot;trickle down&quot; has worked is something I fing objectionable.&nbsp; To continue to believe that capital markets are a sustainable industry upon which this economy can flourish flies right in the face of historical fact.&nbsp; And thank you for not boring me with the tax code.</blockquote>

[QUOTE="bbsam, post: 688770, member: 22662"] [b]Re: Obamanation here today[/b] Wow. Brett, what a load you're spreading today. The precedent you speak of is the same old tired line the republicans have always pulled out about any taxes. Lower any tax, they say, the coffers will overflow with new economic activity and thus tax revenue. More trickle down hooey. Now with capital gains, would that theory only work in the scenario where the stock market continued an amazing movement upward like we've had over the past 100 years? So when the market tanks, the tax revenue becomes non-existent and helps to add to the deficit. In the past few years we've seen the catastrophe of that mindset. Not only is the tax revenue gone, the empires of Wall Street are brought to their knees and the tax payer is left with the bill. Oh, those poor investment bankers! Now that is what is called Corporate Welfare, but they call it TARP, "To Big toFail". And on a more personal note: I have no hatred, nor do I see as "evil" people with more than I. You obviously have me lumped in with some crowd that you place a tag on. In fact, I have done quite well thus far in life and am not inclined to stop now. But to look at the past 30 years of economic and tax policy and suggest that it's all right and that "trickle down" has worked is something I fing objectionable. To continue to believe that capital markets are a sustainable industry upon which this economy can flourish flies right in the face of historical fact. And thank you for not boring me with the tax code. [/QUOTE]

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