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View Diary: Low capital gains tax rate rewards the rich with no discernible benefit to the larger economy (120 comments)

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  •  Why does someone who spends hours (0+ / 0-)

    researching the market and trading their own money deserve it less then some guy selling cigarettes at the gas station?

    Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

    by tigercourse on Tue Jul 03, 2012 at 04:23:54 PM PDT

    [ Parent ]

    •  Why do horses have tails and (2+ / 0-)
      Recommended by:
      Chi, wsexson

      ducks have webbed feet?

    •  Why should someone (5+ / 0-)

      who sits on their ass at home doing no productive labor be taxed less than a firefighter or a teacher or a policeman?

      "A lie is not the other side of a story; it's just a lie."

      by happy camper on Tue Jul 03, 2012 at 04:43:20 PM PDT

      [ Parent ]

      •  I don't sit on my ass all day. I work (0+ / 0-)

        as a Realtor, for which I am rarely paid. In my spare time I day trade. And that's how I pay the bills.

        Sorry for trying to make a living.

        And I make less money then most teachers or cops and I'm taxed at the same rate.

        Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

        by tigercourse on Tue Jul 03, 2012 at 04:49:13 PM PDT

        [ Parent ]

        •  And unlike teachers I work 12 months a year, (1+ / 0-)
          Recommended by:
          JesseCW

          six or seven days a week and past 3 in the afternoon. And unlike cops, I'm not going to be getting to retire at 50 making near a hundred grand a year after spending 25 years making sure no black person steps out of line.

          Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

          by tigercourse on Tue Jul 03, 2012 at 04:53:52 PM PDT

          [ Parent ]

          •  Seriously? You think teachers don't put in... (11+ / 0-)

            ...time outside the classroom. You should try living with a teacher.

            Don't tell me what you believe, show me what you do and I will tell you what you believe.

            by Meteor Blades on Tue Jul 03, 2012 at 05:25:17 PM PDT

            [ Parent ]

          •  OH DO NOT go there! (6+ / 0-)

            said the wife of the retired teacher...

            Tell the people you love that you love them when you can. You don't always get another chance.

            by Melanie in IA on Tue Jul 03, 2012 at 05:37:19 PM PDT

            [ Parent ]

          •  You think cops (3+ / 0-)
            Recommended by:
            Larsstephens, Hamtree, skyounkin

            get 100K pensions? And do nothing but harass black people? If it's that easy what are you doing wasting time as a realtor?

            "A lie is not the other side of a story; it's just a lie."

            by happy camper on Tue Jul 03, 2012 at 05:46:44 PM PDT

            [ Parent ]

            •  A low level police officer retires after 20 years (1+ / 0-)
              Recommended by:
              JesseCW

              with  58,000 a year, every year. Which doesn't take into account pension padding. Cops here can retire at age 44 making 100 grand a year. And yeah, in the city now most of what they do seems to be stopping people on the street to find out any kind of law they might have broken.

              In my town the biggest busts of the last 5 years were wrongfully charging a guy for picking up a container full of weed and harrassing some out of towners for not having pool passes.

              Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

              by tigercourse on Tue Jul 03, 2012 at 06:10:00 PM PDT

              [ Parent ]

              •  police are RISKING THEIR LIVES (4+ / 0-)

                Police and fire fighters are willing to risk their lives each and every day they work for you and for me and for everyone else and you begrudge them a middle-class income and some solid retirement?

                Teachers, police, and firefighters. You obviously have something against people who work for the common good.

                •  I don't begrudge them their income (1+ / 0-)
                  Recommended by:
                  JesseCW

                  or retirement (though, again no cop in my town has risked their life in decades and outside of elementary school, my teachers were pretty piss poor), I was only disagreeing with the idea that I am taxed less then they are. We are taxed at the same rate and again, in addition to being taxed at the same rate as they are, I'm never going to see a pension and I pay for my own health insurance.

                  Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

                  by tigercourse on Tue Jul 03, 2012 at 07:23:38 PM PDT

                  [ Parent ]

                  •  You don't know what the f*&$ you're talking about. (1+ / 0-)
                    Recommended by:
                    skyounkin

                    Every cop in your town puts his ass on the line every day he or she goes to work. And all of them almost certainly shortened their life by agreeing to take the job.

                    Any point you argue is weakened by the rampant stupidity of stating otherwise.

                    •  That is absolute bullshit. Shortened their (0+ / 0-)

                      life? They are retiring at 45 years old with a good 60 grand a year pension.  The only one who is ever in any danger is the guy who directs traffic once in awhile. Our school crossing guards have harder, more dangerous jobs (and sure as shit aren't getting 60 a year when they retire).

                      Again, their major actions in the past 5 years were to arrest out of towners trying to use the pool without a pass and arrest some guy who innocently signed for a package with weed in it.

                      Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

                      by tigercourse on Wed Jul 04, 2012 at 06:43:21 PM PDT

                      [ Parent ]

                      •  Like I said... (0+ / 0-)

                        You don't know what you're talking about.

                        Do you live in a community in which domestic disputes are always so diplomatically resolved that the neighbors never call 911?

                        Do you live in a community in which everyone has 2nd Amendment rights, but there are no guns?

                        Do the cops in your community ever try to enforce traffic laws?

                        If you call 911 and report an emergency, do the cops show up with lights and sirens?

                        Unless you live in paradise, your cops deal with shit every day that gets cops killed on a regular basis, and the fact that no one locally has gotten killed recently does nothing to relieve the stresses that every cop faces every day at work.

                •  Highway Workers put their lives in far more (0+ / 0-)

                  danger by going to work than Cops do.

                  Police work is stressful and tedious and the hours are long, but it's not very dangerous at all.

                  Thinking the "food stamp challenge" teaches you about being poor is like thinking a camping trip will give you insight into being homeless.

                  by JesseCW on Tue Jul 03, 2012 at 08:18:03 PM PDT

                  [ Parent ]

          •  troll (2+ / 0-)
            Recommended by:
            shaharazade, Geenius at Wrok

            Go shadow a teacher for a couple days. 5 page report due next Friday.

            six or seven days a week and past 3 in the afternoon

            How many divisions does OWS have?

            by Diebold Hacker on Tue Jul 03, 2012 at 05:50:07 PM PDT

            [ Parent ]

          •  You still haven't explained (2+ / 0-)
            Recommended by:
            Larsstephens, TomP

            why your sitting at home poking at a computer in your spare time merits favorable tax treatment over the talented and dedicated people who teach the next generation, or put their lives on the line for people who generally don't appreciate it.

            "A lie is not the other side of a story; it's just a lie."

            by happy camper on Tue Jul 03, 2012 at 05:51:00 PM PDT

            [ Parent ]

            •  It doesn't. I pay the same rate. And I think (0+ / 0-)

              there are other jobs in the country then cop and teacher.  Maybe I don't deserve as much as the people who risk their lives (though not really the cops in my town) or teach the next generation (I really didn't have many good teachers though), do I deserve less then a cashier or the guy flogging shoes made by Indonesian school children.

              By the way, I shell out 8 grand a year to pay those teachers and cops.

              Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

              by tigercourse on Tue Jul 03, 2012 at 05:58:40 PM PDT

              [ Parent ]

            •  I am going to amend my somewhat (1+ / 0-)
              Recommended by:
              JesseCW

              negative comments on teachers to say that elementary school teachers deserve alot of credit. However my middle school and highschool teachers might as well have just handed out a couple of text books and never bothered us again.

              Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

              by tigercourse on Tue Jul 03, 2012 at 06:15:03 PM PDT

              [ Parent ]

          •  you have no idea what teachers do (4+ / 0-)

            One thing they have over you as a realtor and day trader is that their work is focused on improving the lives of others rather than solely their own income. I suppose realtors do help a few others achieve their dreams of owning homes sometimes. Day traders? Not so much.

            So what you have done is regurgitated a worn-out GOPer talking point while slandering some of the hardest working, most socially-important workers in the country.

            •  he sounds more like a troll to me. (1+ / 0-)
              Recommended by:
              Geenius at Wrok

              Tell the people you love that you love them when you can. You don't always get another chance.

              by Melanie in IA on Tue Jul 03, 2012 at 08:07:45 PM PDT

              [ Parent ]

            •  My life certainly wasn't improved (0+ / 0-)

              by the misfortune of having to endure public schools.

              It certainly hasn't been improved by the police.

              Anyone who thinks teachers and cops "are the hardest working, most important" members of society has never really though about fixing broken sewer pipes.

              Thinking the "food stamp challenge" teaches you about being poor is like thinking a camping trip will give you insight into being homeless.

              by JesseCW on Tue Jul 03, 2012 at 08:23:43 PM PDT

              [ Parent ]

          •  But you don't actually PRODUCE anything of value (0+ / 0-)

            do you ?

            The real estate brokering is a convenience to buyers and sellers.  Is it worth 2 - 4 % of the selling price.  Well, that's what the market bears, so it must be.

            But the stock trading:  how's that different from any other form of gambling --  being a card counter or a tournament backgamon player.

            I mean, there's no question you put in a lot of time and effort and suffer a great deal of stress -- as do unemployed actors and unsold artists who get NOTHING for their efforts.

            And then there's the "danger toil and woe" endured by the lower level members of the Criminal Class.  Do we think none of them are "putting bread on the table" and hoping to better themselves some day?

          •  Most have to (0+ / 0-)

            work summers also to earn a livable decent income. It's not an easy job and it doesn't pay at all well. Public workers like cops, firemen or teachers work hard for their communities benefit.  I know a lot of teachers and very few of them can afford to take off the summer. Day traders or Realtors who make less then a teacher's salary isn't really the issue here. I also think you are using the same anti-tax, anti democratic reasoning that causes people to reject economic equity in favor of why should the public workers or lazy food stamp recipients get to freeload when I have to ....... fill in the blank. Gamblers shouldn't have to pay taxes on their gains because teachers and cops get a free ride? Gimmie a break.    

      •  Allocation of capital is pretty important (0+ / 0-)

        productive labor.

        Without it we would not have an economy.

    •  They don't. It's not the Governments (2+ / 0-)
      Recommended by:
      NearlyNormal, skyounkin

      business whether you run a shop selling baseball cards or trade stocks on-line.

      As long as your means of making a living are legal, it's not Uncle Sams business what you do.  You should pay the same tax rate as anyone who earns their income in any other way.

      Thinking the "food stamp challenge" teaches you about being poor is like thinking a camping trip will give you insight into being homeless.

      by JesseCW on Tue Jul 03, 2012 at 08:20:12 PM PDT

      [ Parent ]

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