BoatBanter.com - View Single Post

Canuck57[_9_]

On 24/07/2010 1:55 PM, wrote:
On Sat, 24 Jul 2010 12:46:51 -0400, wrote:

On Sat, 24 Jul 2010 11:48:39 -0400, wrote:

On Sat, 24 Jul 2010 11:31:21 -0400, wrote:

On Sat, 24 Jul 2010 11:16:34 -0400, wrote:

On Sat, 24 Jul 2010 06:01:13 -0400, wrote:

Tax avoidance is never illegal or immoral , as long is it is done by
liberals.

IOW the right wing taxes the middle class and it's immoral to avoid
them

figures

Why are you defending this guy? He IS the rich.

i'm not defending him at all. tax avoidance is not immoral. i do it
myself

and he's been supporting taxing the rich and reducing taxes on normal
americans

Taxing the rich as long as it isn't him.

gee. why not let the GOP drop its lies about capital gains tax cuts
stimulating the economy and see?

I think we have already seen. When Clinton cut the Cap gains rate to
20% the Dow went to $11,000. When Bush cut it to 15% the Dow went to
$14,000.
You do still have your life savings in the market in a 401k don't you?
That should be important to you.

On the whole average of things, taxing capital gains is really a wealth tax.

If say the market was DOW of 10000, and an auto cost $30k. Now say
inflation in 10+ years makes it DOW at 20000 and cars then cost $60k
have you really increased the purchasing power of the money? The answer
is no, the reality is you have lost money as the 10,000 gain will be
taxed setting you back in purchasing power.

Which is why buy-hold does not work. Given that in 10% of the time a
stock gains 90% of its value, why buy and hold? Just to eat the risk
the executives are cooking the books? Granted, if they pay a decent
dividend but most dividends today are crap.

It may seem counter intuitive, but now might be a good time to pickup
real estate. I say this because the US is headed towards inflation one
way or another. Currency cannot be counted on to maintain value and
gold, well, it already has most of what is going to happen factored in.

I could be wrong, but I don't see a DOW of 12,000 any time soon. High
inflation, depreciating currency, higher taxes equates to people
spending less than they do today. I can sure see why Japans lost decades
occured.
--

Government has liberals, idealists and lawyers, but where is the common
sense?