inthemoney

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  • Tuesday Overview: Confusion and Caution
    thedozer, I am in the top 1%. Even though I started my life very poor.Yes, I am here to make sure we get out of this mess. But I disagree with the method.
    I am russian and I can tell you that when rich hoard everything and forget to share with the poor it always ends in a disaster like a revolution or a depression. Give some thought to less fortunate, could you? We all will be better for it.
    Oct 03 16:27 pm |Rating: 0 0 |Link to Comment |View article
  • Tuesday Overview: Confusion and Caution
    People talking about eliminating taxes make my blood boil. It seems lower taxes can right all wrongs. Will that cure cancer too?
    Eliminating capital gains tax will only benefit top 1-2% of people who have significant investment income. These are not people who are forecloising on their homes are they? The benefit for the rest with 401K plans will be too small to notice. Especially since gains are deferred.
    As much as I hate to pay capital gains, I hate income taxes even more. Why don't we eliminate income taxes so I can spend this money and inflate the wonderful economic balloon even further?
    Be realistic, lower taxes are not cure for all, they are just one tool in a toolbox and it has been abused last few years already.
    Oct 01 12:43 pm |Rating: 0 0 |Link to Comment |View article

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