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Easier than banning billionaires

13

Comments

  • HHusky
    HHusky Member Posts: 24,337

    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Is this a fucking Hondo alt? Your arguments are a cobbled together mess of fallacies.
    Of course. You just can’t be bothered to address them.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,553 Founders Club

    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Is this a fucking Hondo alt? Your arguments are a cobbled together mess of fallacies.
    Bham part 2
  • HHusky
    HHusky Member Posts: 24,337
    I’m new around here. Inside joke?
  • greenblood
    greenblood Member Posts: 14,566
    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Absolutely it does.

    The trade war only effects certain industries, and the market is expecting some sort of resolution.

    The government partial shutdown is completely overblown unless you work in certain areas of government. Essential projects are still being funded, so a lot of companies that manufacture for the military are still getting paid.

    Changing the tax rate from Capital Gains to Ordinary Income devalues the entire stock market by 20%. This will force large traders in the market to sell their investments and take a 20% tax hit, rather than waiting and take a 40% tax hit. I'm sure a massive sell off is something every president loves to deal with. If you own $2,000,000 in gains, would you pay your 20% now or wait and pay 40% later? After they sell off then yeah, they'll buy back in, but they won't buy back at the same levels.

    It will take years for the market to return to the levels before the change, which will impact a significant amount of middle class retirement plans. Sounds like that's something you are for.
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,253 Founders Club
    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    Respectfully, you're a faggot
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,253 Founders Club
    HHusky said:

    I’m new around here. Inside joke?

    Fuck off
  • LebamDawg
    LebamDawg Member, Swaye's Wigwam Posts: 8,844 Swaye's Wigwam
    What I learned from this thread -
    The networks have fired people like Gibson and hired people that won't ask such hard questions of presidential candidates
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,553 Founders Club
    HHusky said:

    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Is this a fucking Hondo alt? Your arguments are a cobbled together mess of fallacies.
    Of course. You just can’t be bothered to address them.
    To address your poor ability to reason or your continued use of fallacious arguments?

    Many such changes are phased in.(Bandwagon Fallacy) The ability to defer earnings is already present. (Begging the question) This President has started a trade war and shuttered government.(Red Herring and/or Tu Quoque) But the disruption caused by changing the tax treatment of capital gains alarms you?(False Dichotomy)

    I'll let @MikeDamone check my work.
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390

    HHusky said:

    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Is this a fucking Hondo alt? Your arguments are a cobbled together mess of fallacies.
    Of course. You just can’t be bothered to address them.
    To address your poor ability to reason or your continued use of fallacious arguments?

    Many such changes are phased in.(Bandwagon Fallacy) The ability to defer earnings is already present. (Begging the question) This President has started a trade war and shuttered government.(Red Herring and/or Tu Quoque) But the disruption caused by changing the tax treatment of capital gains alarms you?(False Dichotomy)

    I'll let @MikeDamone check my work.
    He can innumerate his responses?
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,553 Founders Club

    HHusky said:

    HHusky said:

    HHusky said:

    I'm hearing that taxing cigarettes is an effective way to reduce consumption.

    So if capital gains are taxed as ordinary income, your money goes straight under your mattress. Respectfully, that’s bullshit.
    No but 30 seconds after the announcement, the stock market will drop 2,000-3,000 points, because the valuation of the stock market would be turned upside down. You don’t think there will be massive selling to capitalize on the capital gains tax before the shift to ordinary income? That’s always a great policy plan for any president. You will also see a massive change in investment vehicles, which will create complete chaos on Wall Street. Most of this shift will be towards real estate where people can defer earnings through 1031 exchanges. Any president that allows that will be a guaranteed one term president. Won’t ever happen.
    Many such changes are phased in. The ability to defer earnings is already present. This President has started a trade war and shuttered government. But the disruption caused by changing the tax treatment of capital gains alarms you?
    Is this a fucking Hondo alt? Your arguments are a cobbled together mess of fallacies.
    Of course. You just can’t be bothered to address them.
    To address your poor ability to reason or your continued use of fallacious arguments?

    Many such changes are phased in.(Bandwagon Fallacy) The ability to defer earnings is already present. (Begging the question) This President has started a trade war and shuttered government.(Red Herring and/or Tu Quoque) But the disruption caused by changing the tax treatment of capital gains alarms you?(False Dichotomy)

    I'll let @MikeDamone check my work.
    He can innumerate his responses?
    Keep trying C-dawg. Someday it'll happen for you.