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9 comments

1 shutdown  Tue, Jan 24, 2012 10:38:21am

Because of job creation, fool! Why do you hate America????

Let me explain. The more stock Romney buys, the more jobs the issuers of the stock can create. Because as you know, if a company's stock is worth more, or has a greater trading volume, the quality of their product goes up and the company is more competitive. Make sense? No? Maybe because this math only works if applied to an IPO, allowing a company to increase the balance of its equity capital. No subsequent trade does a darn thing for the ability of the company to be competitive or profitable. IOW, advantageous tax rates should only be available to investor in IPOs who hold the stock for a minimum 1 year period. Any trade of the post IPO float of the stock is irrelevant to the company itself, other than as an expression of market confidence. So the capital gains tax is really just a load of crap designed to benefit those with enough capital to live off investment returns. Unless those investments are in emerging industries, IPOs, or US based manufacturers, the capital gains tax is no more than a windfall.

In our next class, we will learn that It is a well-known fact that equity returns are only worthwhile to large-scale investors if accompanied by a permanently lower tax rate.

sarc tag redundant

2 simoom  Tue, Jan 24, 2012 10:49:28am

What this does seem to show is that Romney's failed attempt to avoid releasing his 2010 returns seems to have been an effort to chip away some of the politically rougher edges. They closed his offshore accounts (Swiss & Cayman) and nudged his effective rate just over 15 percent (I'm guessing so it's above the baseline capital gains rate).

3 elizajane  Tue, Jan 24, 2012 11:05:57am

THe conversation on the Right has moved interestingly from "don't tax the job creators" to "don't tax the rich, they earned it fair and square." Because putting your millions into Swiss bank accounts is not exactly creating jobs in America, is it?

4 researchok  Tue, Jan 24, 2012 12:00:39pm

It isn't just Republican lawmakers who benefit from capital gains tax rates.

5 shutdown  Tue, Jan 24, 2012 12:05:16pm

re: #4 researchok

Correct. My comment was not anti-Republican.

6 Velvet Elvis  Tue, Jan 24, 2012 12:50:39pm

How is all that money creating jobs?

7 researchok  Tue, Jan 24, 2012 1:00:00pm

re: #6 Conservative Moonbat

How is all that money creating jobs?

It isn't creating jobs.

But who says it has to?

8 MichaelJ  Tue, Jan 24, 2012 1:13:58pm

If you are unemployed and can't find a job, blame yourself! - I miss Herman sometimes.

9 Velvet Elvis  Tue, Jan 24, 2012 3:19:22pm

re: #7 researchok

It isn't creating jobs.

But who says it has to?

Everyone who says it shouldn't be taxed more than it is.


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