PoliCHARTZ - Thread of U.S. Politics & the Presidential Election

[Final-Fan]

halogamer1989 said:

Final-Fan said:

Now that you're back, could you please address some of the rebuttals that were made to your previous assertion in this thread?

Final-Fan said:

halogamer1989 said:
When u tax capital gains, corps pass increase prices on to the consumer. It is economics 101.  In summation, you are hurting the long term growth of free markets by voting BO.

Why are capital gains relevant to corporations "passing increased prices on" to anyone?  As I understand it, Capital gains are GAINS on INVESTMENTS like stocks.  Considering the fact that the capital gains tax is already lower than the income tax in many cases and higher in no case (including all proposals I'm aware of), I don't see the problem.  (Anyway, I'd think that in the current stock market situation people would be happy just to HAVE a gain in the first place.) 

If companies are going to be assholes to their customers because they want to make MORE profit, that's not the fault of (reasonable) taxes on profits, that's the fault of companies being assholes.  At least that's the way it seems to me.  I'm sure you have paid much more attention to the capital gains issue than I have, so please explain why you believe my position is incorrect. 

Why should the capital gains tax be lower than the income tax?  (Let alone ZERO as your post seems to imply you would want!)

Also, please try to choose your words carefully.  I know this has been a bit of a challenge for you in the past.  "I am not an enemy of Democracy-just one of those who try to subvert it by fraudulent practices"  Read that twice and see if anything looks odd to you...

I do not see anything odd--I am against Reps misguiding Dems as well.

Anyway, if you tax Chevron, ExxonMobil, etc. you will be forcing not only people who invest in those companies to lose money b/c of the way ppl will see costs increase even more at the pump to recoup windfall tax losses (as BO proposes) but you will hurt the green iniative even more b/c those companies will be forced to cut jobs and stall, let's say for example, a geothermal plant because of less money to build.  It is supply and demand 101 and ppl cannot expect to live on handouts that the US borrows from the IMF and/or China b/c that strengthens their economy and they pollute more b/c of it (coal plants from China) and the deficit increase. 

Any more ?s I would be happy to answer.

As for the first part:  I misread your post, don't worry about it 'cause it wasn't your fault. 

This wasn't about windfall profits, this was about capital gains taxes.  Please don't change the subject in the middle of a discussion.  That is a separate issue.  In fact, your entire answer seemed to me to ramble from one bullet point to the next (environment, debt to China) without ever addressing my bolded question. 

Please try again:  why should capital gains taxes be lower than income taxes? 

(Or, if you believe that I've again misread your post, please explain in detail how you already answered that question.)