Jexy said:
Yeah, I agree. Then again you have Obama saying he is behind these protests ... then again that's just for the votes. It's almost like people are angry, but since there isn't an election now, they just want to protest in some fashion. I don't blame the rich for being rich or working the system in their favor. I blame the system for being allowed to be worked in the way it is. I think rich people pay their fair share in taxes ideally % wise, but not when it comes to all the kick backs they may get from foreign investments and the like. I mean shoot, I have foreign investments and I get all that tax money back from our government because of it. I'm not rich, but I still find that weird. |
Yeah. I mean it's worth noting that it took two attempts to pass the bank bailouts. The first time the measure failed because 2/3rds of republicans oposed it. Only to get brow beaten into it after the HUGE stock market drop and public outcry that came afterwords.
Yet ironically it's now the republicans catching all the flack for it.
As for why your getting tax money back. If I had to guess i'd say it's because other countries corporate and investment taxes are way lower then ours. Your probably paying the overseas tax rate on some of that money (which you may not even know depending on who does it for you) and therefore get tax credits for it here.
I mean, for a comparison. New Zealand, largely considered way to the left of the US. Has NO Capital gains tax. This is compaired to the US that wants to raise it to income tax levels.
Or say, the US corporate tax rate, which when factoring in all the tax breaks, is still one of the highest in OCED countries.