I have explained how it works. If you don’t understand, I won’t try again. If everyone in the US sold all of their stock and bet it on football games then our entire society would collapse. I wish you could see that.
I never said my family investing in anything was more imporant than a softrware engineer. What does this have to do with anything? BTW, I am a systems analyst. Also, who needs investment capital to buy real-estate? That’s what banks are for.
That is what I think you are not seeing here. People making money off stocks and real estate aren’t all rich evil republicans. I just heard on the radio today that 70% of americans own stock. So, this republican “scheme” as you call it would benefit the majority of americans not just the wealthiest people.
And that’s the great fallacy upon which Republican politicians rely to gain support for the scheme. Perhaps a majority of Americans do own stock, but on average, the middle class doesn’t own stock in large enough quantities that this tax cut would be of significant benefit to them.
Any small benefit they might enjoy would be more than offset by the huge loss of revenue to the federal government at the top end. (I.e. the loss in revenue from taxation of those individuals and corporations which do own large amounts of land and stock.) That lost revenue has to be made up somewhere. Guess who would carry the load? That’s right. People who work for their income.
Moreover, the 30% of Americans who don’t own stock (assuming your figures are correct) would receive no benefit at all. It is probably fair to assume that this 30% is at the bottom of the economic ladder, so you are talking about a tax cut that, by its nature, benefits the wealthiest 70%. And the wealthier you get, the greater the benefit.
If you are wealthy enough that you don’t work, but live off your inheritance and/or investments, why then you’d pay no federal tax at all! Sweet deal, no?
Like I said at the outset, the working middle class gets screwed.
If the poorest Americans pay no taxes, and if (according to Republican wishes) the richest Americans pay no taxes, then who is left to carry the burden of federal taxation?
The Republican program is poison to the middle class.
No, many of us are just more moderate(or liberal, if you prefer) than the older Republicans. I’m a registered Republican, and my most tables I make the cut-off for the youngest you can be as a member of Gen X.
Taking your examples…Do I support gay rights? You bet, I don’t care what genders are involved, anyone should be able to legally marry as long as they’ve of the age of consent. Am I pro-choice? Hell no. But I’m not in favor of repealing Roe Vs Wade, though, because a lot more women would die in back alleys, so instead of one death there’s two, and that’s no improvement. I’m not going to blow up any abortion clinics, but I’m going to be very sad for a lot of women if we are really called to account for our actions in the afterlife. My dream is not that all unwanted babies are born, but that they’re never even concieved, be that achieved by abstence or the creation of really effective birth-control.
One of my Dem friends, who is also one of the most stringent pro-choice people I know (she, for example, favors abortion as population control :eek: ) was baffled that I don’t consider myself pro-choice despite not wanting to make it illegal. I do consider it murder(or at least a death), but realize that reality some times makes it the less of two evils. That’s not a pro-choice attitude! But then, she’s one of those “biggest issue” voters: the type of person who says " I feel strongly about X and this party proports to feel the same way, so I must vote for them." I on the other hand, have no one issue that I feel is the most important, so I looked at the parties and saw which had the platform that I agreed with most. Most of my beliefs definitely fall under the convervate umbrella, so there I am. And I’m rambling. Sorry.