Solid, good to see you spreading the truth about “tax cuts” from Darth Obama.
A friend of mine, who I really like, spoke with me this weekend about the election and I told her I’m for McCain and why. Among the many things we discussed were taxes and she was so lost on what the capital gains increase to 25%, which Obama has touted, would do to the average Joe. She thought it would only impact a small amount of certain types of investments and when I told her it will impact millions of folks who are retiring and are cashing in investments, or taking out money from mutual funds, IRA’s etc and were hoping for lower tax rates or the family who cashes in stocks they’ve been holding because times are getting tough or whatever the situation may be average joes are, through no fault of their own, losing 10% of their money to the federal government if Obama is Prez. She was like...oh...I didn’t realize it affected people in that way. I don’t think I swayed her, but it made a point most definitely.
Think about that for a minute. 10% of how many trillions of dollars of gains people have realized on good investments would be siphoned to the federal governement kitty to be spent wildly by any and all politicians just because they can.
That makes me sick.
She thought it would only impact a small amount of certain types of investments and when I told her it will impact millions of folks who are retiring and are cashing in investments, or taking out money from mutual funds, IRAs etc and were hoping for lower tax rates or the family who cashes in stocks theyve been holding because times are getting tough or whatever the situation may be average joes are, through no fault of their own, losing 10% of their money to the federal government if Obama is Prez.
And it's funny, I can say first hand that when confronted with the taxes on those events, folks will blame anyone else except the DU crew who pushed those taxes. With his plan it will only get worse! Imagine people like my friend gleefully talking about her 1000 tax break (which isn't even 1000 cash in hand) while she is being royally fleeced on everything else. Sigh, there is no explaining it to some.
Think about that for a minute. 10% of how many trillions of dollars of gains people have realized on good investments would be siphoned to the federal governement kitty to be spent wildly by any and all politicians just because they can.
It's just sickening, isn't it? Just think about the pork they attached to the 'bailout' plan over the weekend, imagine what they can do with more time and calm. And they are drooling, giddy at the prospect that they will get to play with all that cash. That any politician, especially on the DU side, can stand there and tout this as good for the middle class, how they sleep at night is a wonder. Answer: They sleep very well, made rich and lazy by job security, decent pay, fine dining, etc.
It makes me sick, too.