Posted by: lootekukur August 28, 2008
Login in to Rate this Post:
0 
? 
?
gambler,
28% capital gains tax hike is only for those in 250k+ bracket and that too i think is an exaggerated figure. it won't go more than 25% at the most under obama's plan IMO. it will rise up to 20% (being practical) if you ask me.
adding more to the ongoing discussion on economy:
as some of you may argue, the problem with today's economy, as i see, is low patronage. you cannot stimulate economy without stimulating the buying power of low and middle class people. people with average income can't afford to buy coffee from starbucks these days let alone gas for their vehicles. a lot more people now shop in walmarts than in other relatively expensive stores. average standard of living has plummeted due to inflation.
how do you address it?
1) either increase the wages from the employers (which is not possible with all emloyers)
2) give them people tax benefits which is what Obama is planning to do.
result: there will be more patronage for business, more money for the banking industries, more money for oil companies and more money in the hands of those who are interested to set up their own business. that's how you set up a platfrom for a firm/stable and prospering economy.
as they say, in ecnomics, you can reason both ways. you gotta choose the one that can potentially lead you through greater benefits at lower risks.
28% capital gains tax hike is only for those in 250k+ bracket and that too i think is an exaggerated figure. it won't go more than 25% at the most under obama's plan IMO. it will rise up to 20% (being practical) if you ask me.
adding more to the ongoing discussion on economy:
as some of you may argue, the problem with today's economy, as i see, is low patronage. you cannot stimulate economy without stimulating the buying power of low and middle class people. people with average income can't afford to buy coffee from starbucks these days let alone gas for their vehicles. a lot more people now shop in walmarts than in other relatively expensive stores. average standard of living has plummeted due to inflation.
how do you address it?
1) either increase the wages from the employers (which is not possible with all emloyers)
2) give them people tax benefits which is what Obama is planning to do.
result: there will be more patronage for business, more money for the banking industries, more money for oil companies and more money in the hands of those who are interested to set up their own business. that's how you set up a platfrom for a firm/stable and prospering economy.
as they say, in ecnomics, you can reason both ways. you gotta choose the one that can potentially lead you through greater benefits at lower risks.