gcomeau wrote:And let me just stop your rant there...
You do realize all of those "read more" links lead to...
Now personally I don't think Clinton was ever going to implement meaningful financial reform and she has a long history of saying anything she thinks she needs to say to get elected
Wow! You don't say, READ MORE links have more information. No way! Say it isn't so! No kidding! Why thank you for telling such a blind ignorant like myself that they exist... Did you bother to read them? No...
Then you turn around and agree with me, calling it a rant... Wow. Two thumbs up!
Buffet rule etc... does not address the issue, nor is it just. Which is why it is DOA as I wrote upthread. Just makes the tax code more onerous. It hits some without tackling the main issue which everyone knows and understands. The tax code has millions of lines in it. You want to make a "fair" system? Get rid of most of the IRS tax code which is
only there for the WEALTHY. All those asset loopholes vanish. This "surcharge" BS is just that. It adds more complexity. All it does is change the asset type the super wealthy have to buy in order to protect themselves. It is absurd. It is blind ignorance to believe those rules would do anything other than help buffet and his friends.
Side note: We need a sunset clause on corporations/banks/hedge funds where they "die" and have to reform where their assets get taxed upon their "death". That way mega corporations can't keep growing as a larger % of the entire economy. (It will never pass) Why? This is where the wealthy pass their money around via stock and board positions to hide it from the IRS. Don't even need a higher tax rate. This alone would knee cap them. You might notice, but no one worries about wealthy private business ownership. Why? Inheritance taxes. So we don't have princelings. The corporation which did not exist and was in its infancy when the IRS was formed were not a problem then. Yes, Carnegie, Mellon, etc were filthy rich. Might notice their offspring were not.
Political reality, a president can arm wrestle congress on maybe 2 subjects for their entire term. See previous posts about completely DOA as division of powers does not work that way for presidents. They are NOT prime ministers. Policy is a Congress issue except if the President says they will veto certain things.
PS. Where else did you think I got the dead horse for human consumption which was an OUTRIGHT lie to begin with? Not that it matters. Fine eat horse. We eat cow. Chicken. Turkey.