Posted on 12/23/2014 9:42:44 AM PST by upchuck
If money came pouring out of the stock market, wouldn’t capital gains taxes help balance the national budget? Wouldn’t a lot of that money people took be spent in local economies? It doesn’t seem that the stock market would go completely bust, with so many corporations that are doing real well.
One reason the stock market is going up is that people don’t know what else to do with their money, they aren’t starting businesses like they used to.
A lot of that money will go from one fund in an IRA or 401k to another. Eventually taxes will be paid. As far as balancing the national budget, you had me on the floor laughing for a minute there.
“That 5% GDP is a bunch of horse squeeze.”
Yes, GDP is not an indicator of much of anything anymore.
This number is the result of government spending and of government mandated spending (Obamacare).
Neither is ‘good’ for an economy.
http://www.zerohedge.com/news/2014-12-23/here-reason-surge-q3-gdp
It appears the bulk of consumer spending came because of increased Obamacare costs.....if the analysis at zerohedge can be believed.
You won't hear that on the networks, eager to prop up the Obama Regime.
Thank you. That graphic is quite damning.
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