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09-04-2012, 01:29 PM   #1
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Irony of ironies. Mitt is better off today

QuoteQuote:
But some Americans are indisputably better off—and the man who hopes to unseat Obama is one of them. As a member of the investor class, Republican presidential candidate Mitt Romney has benefited directly from one of the few developments under Obama that has been unambiguously positive. That means Romney is now running against policies that have helped make him even richer.

One thing Obama can genuinely crow about is a vigorous stock market rally during his first three-and-a-half years. From the day Obama took office, the S&P 500 stock index has risen by 64 percent. From a low point a couple of months after Obama's inauguration, in March 2009, it has soared by 110 percent.
One Person Who's Better Off Under President Obama: Mitt Romney - Rick Newman (usnews.com)

09-04-2012, 02:06 PM   #2
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It would seem Obama's policies favor the rich, and Mitt wants to change them; so voting for Mitt would be a bad thing for the commoners because.............. um............... er........................ uh.........................
Hmm.
09-04-2012, 02:11 PM   #3
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QuoteOriginally posted by Parallax Quote
It would seem Obama's policies favor the rich, and Mitt wants to change them; so voting for Mitt would be a bad thing for the commoners because.............. um............... er........................ uh.........................
Hmm.
WAIT 13% vs ZERO point 19%.... guess it didn't favor him enough greedy bast.....................
09-05-2012, 03:46 AM   #4
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Personally, I'd love to see the wealthy get refundable tax credits pegged to the unemployment rate and government revenues. Currently they do not have enough incentive to create jobs and increase revenues despite/due to tax cuts. The best incentive is tied directly to measurement of the predicted/wished for outcome.

In order to minimize potential corruption and gaming of the system (not by the wealthy, but by the strivers!) it is not good to peg this credit to jobs the individual person/company/partnership directly creates, nor the taxes this entity theoretically might pay. But by pegging the credits to an overall unemployment rate (the lower it gets the bigger the credits) and revenues (the more revenue, the bigger the credit) we allow market forces to create the desired effects with minimal government bureaucracy.

In fact, once this pilot program is shown to be the inevitable success it will be, we can expand it to achieve any number of other goals: reduction in government spending, or deficits, or abortion rates, or minority voting...

09-05-2012, 05:16 AM   #5
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QuoteOriginally posted by Nesster Quote
Personally, I'd love to see the wealthy get refundable tax credits pegged to the unemployment rate and government revenues. Currently they do not have enough incentive to create jobs and increase revenues despite/due to tax cuts. The best incentive is tied directly to measurement of the predicted/wished for outcome. ..
We had something like that. High tax rates on upper incomes with lots of tax credits for buying business equipment and hiring people in the U.S. It was multiple pages long, and soooo complex that our lawmakers in the 1980's just had to get rid of it.
09-05-2012, 06:25 AM   #6
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QuoteOriginally posted by GeneV Quote
We had something like that. High tax rates on upper incomes with lots of tax credits for buying business equipment and hiring people in the U.S. It was multiple pages long, and soooo complex that our lawmakers in the 1980's just had to get rid of it.
HIGH taxes on personal income and LOW taxes on business is a fairly good "stick" to "encourage" the lazy 1% to invest in the little people..and if you make it "fair and balanced" or "acrross the board" it doesn't have to be looooooooong..... Of course if you include high capital gains tax you do hurt the companies that feed off it.. such as Wall Street, Banks and insurance companies...
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