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Election 2012
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<blockquote data-quote="stocker08" data-source="post: 7919260" data-attributes="member: 577940"><p>Sure, the "rich" create the jobs, but it is the consumers who drive demand. Increased demand creates jobs. If you want to talk small business, ok. There are plenty of small businesses that may not be able to hire more people, but there are plenty of big businesses doing just fine and could employ more people <em>right now</em>. Tax breaks won't influence hiring in this cases. An increase in consumer demand will. By the way, yes there is plenty of wealth sitting untouched. This is why year after year, the wealth distribution trends towards the top at the expense of the middle class. When the middle class begins to evaporate, potential customers are lost as well.</p><p></p><p>Next: This bolded area is absolutely wrong. The investors are not taxed again on this income. Each investment has its own basis. If sold for more than the investor paid, they pay a capital gain tax <strong><em>on the amount they sold for in excess of original basis</em></strong>. So I am not sure why you are accusing people of not knowing what they are talking about. Maybe you have been reading too much into a conservative blog? Either way, it is not stealing. I don't see taxes coming out of my paycheck and immediately think "oh noes, the thiefs got me."</p></blockquote><p></p>
[QUOTE="stocker08, post: 7919260, member: 577940"] Sure, the "rich" create the jobs, but it is the consumers who drive demand. Increased demand creates jobs. If you want to talk small business, ok. There are plenty of small businesses that may not be able to hire more people, but there are plenty of big businesses doing just fine and could employ more people [I]right now[/I]. Tax breaks won't influence hiring in this cases. An increase in consumer demand will. By the way, yes there is plenty of wealth sitting untouched. This is why year after year, the wealth distribution trends towards the top at the expense of the middle class. When the middle class begins to evaporate, potential customers are lost as well. Next: This bolded area is absolutely wrong. The investors are not taxed again on this income. Each investment has its own basis. If sold for more than the investor paid, they pay a capital gain tax [B][I]on the amount they sold for in excess of original basis[/I][/B]. So I am not sure why you are accusing people of not knowing what they are talking about. Maybe you have been reading too much into a conservative blog? Either way, it is not stealing. I don't see taxes coming out of my paycheck and immediately think "oh noes, the thiefs got me." [/QUOTE]
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